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Bitcoin a Better Bet Than Bolivars as Venezuelan Hyperinflation Escalates



Bitcoin a Better Bet Than Bolivars as Venezuelan Hyperinflation Escalates



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5 Comments on Bitcoin a Better Bet Than Bolivars as Venezuelan Hyperinflation Escalates

  1. vexcoin

    Usually a government gets away with hyperinflation. The people suffer but the government continues printing until people succumb – because they never had a choice. Slashing zeroes off the amount of money.

    With Bitcoin, governments are going to have a much harder time regaining control, because any “new printed money” with a few zeros cut off is still hyperinflated when the people have another option – Bitcoin. So unlike before when you could just continue printing until the people just gave up, it’s much harder. Maybe it will just take a few different cycles of printing, or maybe it won’t work at all and the continual hyperinflation no matter what is printed will cause some never before seen result.

  2. strategosInfinitum

    I’m not sure comparing oneself to the worst case possible is useful.

    In the same sense i dont go around telling people “at least I’m not a murderer”

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