Facebook’s New Cryptocurrency Gets Big Backers

Re:Facebook’s New Cryptocurrency Gets Big Backers by tin7in on Friday June 14, 2019 @06:34AM (#20181869)

> Hyperinflation is too long ago to remember.

Germans use cash much more than the average Western European. The memory of hyperinflation and bank system collapse is one of the explanations why people prefer to store value in currency (often foreign currency) and not trust so much a bank or card issuer.

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Re:Facebook’s New Cryptocurrency Gets Big Backers by majewsky on Friday June 14, 2019 @06:59AM (#20181966)

Also, in West Germany, the Deutsche Mark (1948-2002) is strongly associated with the post-war economic boom. It's still a common rhetoric among conservative populists to argue for a return to the good old times ^W Mark.

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Re:Facebook’s New Cryptocurrency Gets Big Backers by new2628 on Friday June 14, 2019 @08:38AM (#20182448)

I don't think it is just a "common rhetoric", but rather a common mainstream truth that the change from the Mark to the Euro (which can be kept weaker) allows German companies to export cheaply while making people's salaries and savings worth less.

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