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Re:Bitcoin surges in Zimbabwe after military seize power by CamelCaseName on Wednesday November 15, 2017 @03:42PM (#15707545)
His joke is that Zimbabwean dollars are toilet paper.
Re:Bitcoin surges in Zimbabwe after military seize power by xadhominemx on Wednesday November 15, 2017 @03:44PM (#15707564)
No, I wasn't joking. I was asking sincerely, if you're reason for holding bitcoin is that you want to be able to buy goods next week without worrying about inflation, why not just buy the goods now and avoid the risk of owning bitcoin.
Re:Bitcoin surges in Zimbabwe after military seize power by craigc on Wednesday November 15, 2017 @04:15PM (#15707885)
But if you spend all your money on goods and then you need something else in a week or two then what do you use to buy it? Sell/trade the goods you already purchased? I think it makes sense to hold on to some form of currency.
Re:Bitcoin surges in Zimbabwe after military seize power by lloeki on Wednesday November 15, 2017 @05:29PM (#15708507)
> some form of currency

Which form? At some point Zimbabwe economy was (is?) so fucked up that currency does not hold any value, so barter is all there is. Money literally evaporates overnight:

> The peak month of hyperinflation occurred in mid-November 2008 with a rate estimated at 79,600,000,000% per month

https://en.wikipedia.org/wiki/Hyperinflation_in_Zimbabwe

Re:Bitcoin surges in Zimbabwe after military seize power by craigc on Wednesday November 15, 2017 @05:36PM (#15708581)
Exactly. I meant Bitcoin or other crypto currency
Re:Bitcoin surges in Zimbabwe after military seize power by rhizome on Wednesday November 15, 2017 @05:30PM (#15708516)
doesn't work for apples or prescriptions
Re:Bitcoin surges in Zimbabwe after military seize power by elmar on Wednesday November 15, 2017 @05:12PM (#15708341)
there have been several problems with clogged pipes on Zimbabwe due to the usage of dollar notes as toilet paper.