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Audacious

335 Posts.

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16/08/20

23:33

Post #: 46579920
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Originally posted by Cosmoterios: ↑

In some countries where inflation is through the roof such as Zimbabwe and Venezuela.

Gold is considered better than the local currency.

Locals in these countries would deal in USD or Gold (in large transactions), rather than their local currency.

In fact, all currencies around the world is nothing more than the creation of Governments, nothing more. When people lose faith in their Gov's currency, then the money is nothing more than a piece of paper - probably worth less than a ply of toilet paper.

Finally, we should all remember Bitcoin is considered a currency, even though it was created out of thin air - yet, it has value and can be converted.

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Correct me if I'm wrong Cosmoterios, but Bitcoin only 'works' as long as there is an operational internet available to the average Joe?
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