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by gavazzy
3814 days ago
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It's all about trade-offs. Bitcoin may have trouble competing against a "stable" currency like USD or EUR, but would have a huge benefit over a heavily manipulated one like in Venezuela, where inflation sits at ~60%. If Bitcoin could become stable, then it would offer the freedom of converting wages into a more stable form. A Venezuelan would expect the purchasing power of today's wages to be 4% lower in just one month! |
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