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We in Zimbabwe do not fully understand what you mean by "Zimbabwe moment"... please do explain. And also explain how this blockchain would change anything here.
by chirau 9y ago
We in Zimbabwe do not fully understand what you mean by "Zimbabwe moment"... please do explain. And also explain how this blockchain would change anything here.
- Iv 9y agoSorry, I mean a runaway inflation that led to trillion dollars bills to buy bread, as well as the impossibility to anticipate costs of look g projects without resorting to foreign currency.
- 0x006A 9y agowhat would a blockchain solve that any foreign currency would not do in that case? whats the benefit of a blockchain based system compared to dollar or euro cash in such a situation?
- gbersac 9y agoA blockchain is run algorithmically and you can't change the rules as you will. There's no way to create a lot of bitcoin out of nothing (except a hard fork, which mean creating a new blockchain), that prevent inflation.
- ska 9y agoInflation isn't caused by creation of currency.
- Iv 9y agoCounterfeiting and limited supply.