Thank god we have bitcoin to provide an alternative to this madness. I've experienced first hand when my country's currency experienced a 50% (!!) drop in less than 6 months. I hope the crypto world would outgrow the mania (i.e. get rid of 99% of these overvalued ICOs and solve political squabble in bitcoin) and focus on the real threat that is Central Banks.
RE: Nigeria Is Printing Its Currency Into Oblivion! - How This Is Bankrupting The Nigerian People
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Nigeria Is Printing Its Currency Into Oblivion! - How This Is Bankrupting The Nigerian People
It's definitely crazy. What country are you from?
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Yeah, the worst part is that governments quickly obliged businesses to set prices in the country's currency, so all of a sudden its crisis, 50% inflation and you can now only charge half for your product (in dollar terms). This was in Mozambique by the way. I am now in Europe, but damn did this experience give me a deeper insight into how things are done. Ultimately most politicians are the same, just that African ones are less professional and don't bother covering up what they do hahah.
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