Re:MasterCard to open up network to cryptocurrencies
by srg0 on Friday February 12, 2021 @04:15AM
(#26111883)
> Currency of my country lost 250% of its value over last 7 years.
I doubt population of your country at large can afford bitcoin transaction fees for their daily shopping.
BTW, are you saying that your currency has negative value now? I assume you mean a 2.5x inflation multiplier over 7 years, or +14% per year. That's mild compared to an order of magnitude walk of the BTC-USD rate over just one year.
The only real use case for BTC I see is moving capital between jurisdictions.
I doubt population of your country at large can afford bitcoin transaction fees for their daily shopping.
BTW, are you saying that your currency has negative value now? I assume you mean a 2.5x inflation multiplier over 7 years, or +14% per year. That's mild compared to an order of magnitude walk of the BTC-USD rate over just one year.
The only real use case for BTC I see is moving capital between jurisdictions.