34 ms·

I should have qualified above with something like e-currency. > M-Pesa uses local currencies, which frequently lose their value in non-OECD countries. The out

I should have qualified above with something like e-currency. > M-Pesa uses local currencies, which frequently lose their value in non-OECD countries. The outrageous swings of bitcoin hour by hour have the same issue. I don't see how using the USD, like Zimbabwe did to prevent inflation coupled with M-Pesa wouldn't be a better solution if you are suggesting the country move to a new system.

wyager 13y ago
>The outrageous swings of bitcoin hour by hour have the same issue. Bitcoin loses, at worst, maybe 50% of its value over the course of a few weeks. The Zimbabwe dollar lost 99.99% of its value over the course of a few weeks. Of course, on larger time scales, the volatility of Bitcoin has been in a distinctly upward direction. So yeah, I guess Bitcoin has kind of the opposite problem of the Zimbabwe Dollar (if you can call it a problem). And then, of course, Bitcoin will probably stabilize over time. New currencies are not historically stable.