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Re:Zimbabwe offers new exchange rate: $1 for 35,000,000,000,... by Grue3 on Friday June 12, 2015 @05:17AM (#9704776)
Yeah, all the poor people without access to electricity would love Bitcoin.
Re:Zimbabwe offers new exchange rate: $1 for 35,000,000,000,... by mrb on Friday June 12, 2015 @06:43AM (#9705038)
Most people in Zimbabwe have electricity. Zimbabwe has 97% mobile penetration: http://afkinsider.com/20015/report-zimbabwe-has-97-mobile-pe... Last time I checked their phones didn't run on magic, but on electricity :) And all you need to use Bitcoin is a cellphone (a $20 smartphone).

(No I am not seriously suggesting Zimbabwe uses Bitcoin. I am just pointing out you seem to incorrectly think all people in African countries live in huts or something.)

Re:Zimbabwe offers new exchange rate: $1 for 35,000,000,000,... by SideburnsOfDoom on Friday June 12, 2015 @07:03AM (#9705103)
> Most people in Zimbabwe have electricity. ... you seem to incorrectly think all people in African countries live in huts

I know people who live in good houses in affluent parts of one of the largest cities in South Africa, and they don't have electricity 24/7 http://loadshedding.eskom.co.za/loadshedding/description.

Re:Zimbabwe offers new exchange rate: $1 for 35,000,000,000,... by TeMPOraL on Friday June 12, 2015 @07:31AM (#9705197)
You don't need to have electricity 24/7 everywhere, you only need it in one place in a village for few hours so that everyone can get their phones charged on a regular basis.
Re:Zimbabwe offers new exchange rate: $1 for 35,000,000,000,... by 1rae on Friday June 12, 2015 @08:06AM (#9705329)
There are exceptions to every rule, in Zimbabwe you could have 24/7 electricity and a fibre optic internet connection in some areas, and I can't even get fibre to my place in South Africa.
Re:Zimbabwe offers new exchange rate: $1 for 35,000,000,000,... by akhatri_aus on Friday June 12, 2015 @08:06AM (#9705332)
It's quite likely your friend uses a generator or inverter. It is quite likely 24/7.

Load shedding's occurrences have also only been something more recent (past few months).

Re:Zimbabwe offers new exchange rate: $1 for 35,000,000,000,... by SideburnsOfDoom on Friday June 12, 2015 @10:51AM (#9706222)
Generators are still fairly rare in the suburbs. Load shedding has been in SA for several years now.
Re:Zimbabwe offers new exchange rate: $1 for 35,000,000,000,... by akhatri_aus on Friday June 12, 2015 @02:29PM (#9707693)
It's been there for several years conceptually as a plan to deal with limited capacity. Meaning it comes and goes.

For the good part of the last 3 years it's hardly been there (so unnoticeable one would probably say power is hardly/never cut). Its just been more impactful in the past few months & the last few months of last year.

Generators/Inverters aren't rare in the suburbs or in the further outlying areas. At least not anymore. Not everyone, but one could hear someone else's close by/a neighbors.

Re:Zimbabwe offers new exchange rate: $1 for 35,000,000,000,... by zo1 on Friday June 12, 2015 @06:12AM (#9704940)
Not even just poor people, almost all people have trouble getting electricity there. Of course, excluding the politically connected and powerful.

</used_to_live_there>