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by xadhominemx 3143 days ago
No, I wasn't joking. I was asking sincerely, if you're reason for holding bitcoin is that you want to be able to buy goods next week without worrying about inflation, why not just buy the goods now and avoid the risk of owning bitcoin.
2 comments

But if you spend all your money on goods and then you need something else in a week or two then what do you use to buy it? Sell/trade the goods you already purchased? I think it makes sense to hold on to some form of currency.
> some form of currency

Which form? At some point Zimbabwe economy was (is?) so fucked up that currency does not hold any value, so barter is all there is. Money literally evaporates overnight:

> The peak month of hyperinflation occurred in mid-November 2008 with a rate estimated at 79,600,000,000% per month

https://en.wikipedia.org/wiki/Hyperinflation_in_Zimbabwe

Exactly. I meant Bitcoin or other crypto currency
doesn't work for apples or prescriptions