Are there any economies currently going bust through inflation? it be interesting to see if bitcoin is playing a part.
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Are there any economies currently going bust through inflation? it be interesting to see if bitcoin is playing a part.
Oh yes, plenty of economies going down the drain at present. And I even questioned, "Why isn't bitcoin being used in Venezuela on a mass scale, or Brazil?" I don't know. What I was hoping to convey in this article is that a collapse or crunch situation is a lousy time to learn about cryptos and also inform how local currencies were used during historical hard times in the U.S. Maybe it would be used in Western Countries vastly but not so much in South American Countries. I just think people should learn about it now.
I see. To take your conclusion further: perhaps we need a small bitcoin economy already present before a major crash, for in such circumstance it to become adopted.
Yes, it's about options, having as many options available to you for whatever the future holds and that all depends where you live. In Costa Rica, maybe having a lot of fruit trees is the necessity, but in New York, you might need a different set of tools.