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Extreme inflation and local currency devaluation drove almost everyone in Turkey to invest in Bitcoin and other cryptocurrencies. This situation created an opti
by m_a_g 5y ago
Extreme inflation and local currency devaluation drove almost everyone in Turkey to invest in Bitcoin and other cryptocurrencies. This situation created an optimal environment for frauds and Ponzi schemes.
- rchaud 5y agoAnd yet cryptocurrency evangelists would have you believe that fiat currency collapse is precisely when people should be switching to digibucks.
- prox 5y agoExactly because it is unregulated it is prone to collapse. Its pure 1:1 demand / supply is responsible for that, and there are no bounds to speculation. If there are any crypto advocates here : Change my mind.
- BLanen 5y agoYea, I'm sure they're actually using crypto instead of any other currency in the world that could actually be used for spending without $20 fees. Or if they want to keep their VALUE they could hold literally ANYTHING BUT the currency that's being inflated.