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July 02, 2024, 11:48:28 PM |
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Hyperinflation is rare, its hundreds of percent inflation per month or similar. What that obviously equates to is instability and the desire to hold anything at all besides that cash which is rapidly losing value. Just normal inflation is bad enough but hyper is fairly rare occurrence apparently and usually leads quite quickly to that currency not being usable.
So Bitcoin as an answer I would be forced to say yes, under the rule its a valid alternative available to all so of course its going to be used. I always want to argue BTC should keep trying to get as usable, safe and regular as it can be for this future demand from a main population. Some people dont like technology at all, they dont want the hassle and so BTC does need to be more simplified for application to all not just those who would choose it or like learning new things etc.
The reason I mostly answer no to OP is stability, also unfamiliarity. Theres a great many currencies across the world, some are massively backed with assets. Theres alot of competition besides BTC and countries are most likely to take the currency of their largest trading partner is the logical answer imo.
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