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.
https://www.nber.org/papers/w29968
(not well)