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226 sats \ 6 replies \ @Akg10s3 3 May \ on: Is it weird that people don't revolt (generally) during hyperinflation? AskSN
There are many factors that influence this, one of them being education.
I'm from Venezuela, currently mired in a narco-dictatorship.
And not to mention its shocking hyperinflation!!
Currently, if their humiliated currency (Bolívares) were to have the zeros they've removed to supposedly disguise or hide the devaluation added to it, it would be something like this:
1,000,000,000,000,000...
That would be the figure!!
And no one cares or rebels because they're ignorant of what's happening... very few have basic education, much less someone to teach them financial education or even what Bitcoin is...
Something regrettable, but that's how it is...
i cannot even imagine how hard it is the cost per living in there it is quite challenging hope u guys may stay safe.
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that is heartbreaking to hear bro, Hoever im also happy that you became the man everybody's looking up to and will take the challenge no matter what. as i hope that those who have seen hard times may experience at least a day of laughter cuz they worth more than it. compared to what they have already seen.
This is quite fascinating. do you think that a part of it is that people have just been born into a dysfunctional currency and simply don't realise there is a better way? Like if you live with crazy inflation and things for 20 years and kids are born into it, is there a desensitization element?