Re:Venezuela's Inflation to Reach 1M Percent
by JumpCrisscross on Tuesday July 24, 2018 @07:18AM
(#17599940)
> Why don't they just adopt bitcoin
It's easier to barter or use hard currency. When you're at 1 million percent inflation, you don't want to have to rely on having electricity and network access to buy food. Moreover, pitching people on a new currency in the midst of a currency collapse is an uphill battle.
It's easier to barter or use hard currency. When you're at 1 million percent inflation, you don't want to have to rely on having electricity and network access to buy food. Moreover, pitching people on a new currency in the midst of a currency collapse is an uphill battle.