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👁 Merlyn bitcoin
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I dont know why its not more obvious to more people?

Post choice dissonance maybe? People who didn't buy it in the first ten years are now refusing to recognise it.

I dont know why its not more obvious to more people?

Post choice dissonance maybe? People who didn't buy it in the first ten years are now refusing to recognise it.

Replying to Avatar TheBitcoinManual

The Zimbabwean Stock Market is mooning, up %800 this year as investors look to store their wealth in anything other than the currency. The annual inflation rate in the country is 175% and has been devalued by the local government for official exchange rates.

Investors in the country are running to equities and real estate for shelter from mass devaluation, anything but #Bitcoin right?

https://void.cat/d/2jcQ9hWTbBB2CMKF24MawV.webp

As someone who was their for the previous hyperinflation in 2007 - 09 when Bitcoin wasn't around/just starting I can understand this behaviour, but to repeat it again is nuts.

After blowing up The Zim Dollar the first time the government offered people a moving to a multi-currency economy (USD/GBP/ZAR/EUR) for a few years before re-introducing the Zim Dollar in 2019.

In less than 5 years the currency is already starting to fail again, crazy this country ravaged by economic malpractice on an epic scale are not running straight for Bitcoin

Sources:

- https://www.bloomberg.com/news/articles/2023-07-03/zimbabwe-stock-market-s-800-rally-is-causing-concern-before-elections

- https://www.voanews.com/a/zimbabwe-inflation-hits-175-as-currency-continues-crashing-against-us-dollar/7155104.html

- https://afx.kwayisi.org/zse/

BTC is code, code is speech > Bitcoin = free speech. Authoritarian govs. dont like it... Eventually tho. everyone will have to embrace it. "F.M.A first mover advantage"

Some people brainwash themselves because they are scared of change and/or dont want to admit theyve been duped for so long...