http://pandodaily.com/2013/07/12/bitcoins-greatest-value-is-in-the-worlds-least-stable-economies/
Economic observers in Argentina estimate that inflation is currently raging at 20 percent or more annually, a fundamentally untenable level for the average citizen. Not surprisingly, bitcoins have surged in value there, rising 30 to 40 percent above their value in neighboring Uruguay. In situations like this, faith in government-backed currencies can fall precipitously. For Argentineans, the search for alternatives has already begun, as demonstrated by a recent meetup organized by Foundación Bitcoin Argentina which brought 180 delegates to the nation’s capital to discuss the role of the technology in their national economy.
Topic: 2013-07-11 Bitcoin’s greatest value is in the world’s least stable economies (Read 577 times)
July 13, 2013, 04:41:29 AM
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