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Re:Central African Republic Adopts Bitcoin as Legal Tender by VHRanger on Wednesday April 27, 2022 @09:20AM (#31179508)
See how well that went for El Salvador:

https://www.nber.org/papers/w29968

(not well)

Re:Central African Republic Adopts Bitcoin as Legal Tender by 2pEXgD0fZ5cF on Wednesday April 27, 2022 @09:27AM (#31179574)
But it made a chosen few people richer, what more could you possibly want?
Re:Central African Republic Adopts Bitcoin as Legal Tender by VHRanger on Wednesday April 27, 2022 @11:08AM (#31180835)
IDK maybe paying government workers, but I guess that's really just icing on the cake
Re:Central African Republic Adopts Bitcoin as Legal Tender by imapeopleperson on Wednesday April 27, 2022 @09:32AM (#31179634)
Obv way too early to make any conclusions.

Reminds me of people saying Bitcoin failed as an inflation hedge over the past 1-2 years while ignoring the success of the hedge over a 10 year period.

Re:Central African Republic Adopts Bitcoin as Legal Tender by VHRanger on Wednesday April 27, 2022 @05:11PM (#31185858)
You have no idea what the word "hedge" means do you
Re:Central African Republic Adopts Bitcoin as Legal Tender by Fidelix on Wednesday April 27, 2022 @01:21PM (#31182922)
Not true. I read the report and it is going well - extremely well for a period this short.

Unless your definition of "well" is that everyone would just up and stop using fiat overnight.

Re:Central African Republic Adopts Bitcoin as Legal Tender by bannedbybros on Wednesday April 27, 2022 @10:39AM (#31180453)
Went? It's a 6 month old project. It hasn't even started.

Does ycomb actually think these nations would be better off with colonial currencies that have maintained poverty and exploitation for centuries? Probably yes.