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Re:Bitcoin surges in Zimbabwe after military seize power by chesimov on Wednesday November 15, 2017 @04:47PM (#15708158)
If you read about what has already happened in Zim, you'll understand why people would do that sort of thing with ease at even the thought of upheaval. I agree with you on the whales but man... back in the 2000s people were desperately trying to change fiat into anything at all that would hold value. Consumer goods like dvd players, you name it. Hyperinflation is no joke. On a side note in places like SA bitcoin is viewed as less volatile than fiat a lot of the time.
Re:Bitcoin surges in Zimbabwe after military seize power by sp527 on Wednesday November 15, 2017 @05:21PM (#15708426)
If people in Zimbabwe were buying consumer technology as a store of value, that suggests a very poor financial sense to desperation ratio.
Re:Bitcoin surges in Zimbabwe after military seize power by dingo_bat on Wednesday November 15, 2017 @08:09PM (#15709522)
What else would you have done?