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.
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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