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How can bitcoin help people living in hyperinflationary countries?
10 sats \ 3 comments \ @Monotone 31 May 2023 bitcoin
Mostly I'm interested in the issue of African countries where hyperinflation has reached horrible numbers. Are there users here from these countries?
How do you deal with all the problems and limitations of the fiat system? How advanced is bitcoin acceptance in your countries/cities?
Can you recommend blogs similar to Anita Posch?
If I don't always use the appropriate words that are commonly used by English speakers, please excuse me. I use the translator)
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50 sats \ 1 reply \ @siggy47 31 May 2023
I don't know what translator you are using, but your English is very good.
I'm interested in this subject too. I think it would be a good project to collect 6 month and 1 year charts of inflating currencies v bitcoin. Turkey, for instance. I know the information is available, so any site recommendations would be welcome.
Speaking of Africa, I was looking recently and was surprised that many of the really poor countries have currencies that haven't fared so badly compared to ,say, Turkey or Lebanon.
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0 sats \ 0 replies \ @Monotone OP 31 May 2023
I use DeepL.
By the way yes, about Turkey it would be interesting to know too. Thanks for the tip.
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0 sats \ 0 replies \ @Monotone OP 31 May 2023
I hope someone will share his story, but so far, silence...)
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