British Corner Shop - British Food, Delivered Worldwide

British Corner Shop - British Food, Delivered Worldwide

Sunday, October 22, 2017

Crypto News: Clueless Central Bankers Regard Bitcoin With Envy, Hatred

Clueless Central Bankers Regard Bitcoin With Envy, Hatred

In my first article for the Cointelegraph I tried to explain the value of Bitcoin to citizens of countries that practice capital controls, which are usually countries with less economic development.

A day later, I read an article where the president of the Central Bank of Brazil exposes his lack of understanding and appreciation about digital currency, which could be such a boon to citizens of my native country, Brazil.

I believe that the best way to explain it is through practical examples, so I will summarize my experience with the legal tender currency of my country.

I was born in 1981, during the decade of hyperinflation in Brazil, I remember that it was normal to see the supermarkets crowded during the first week of the month. This is because on payday, everybody groceries for the entire month since prices were changed every day, sometimes more than once a day.


Full story at http://bit.ly/2yIP2rA


Source: CoinTelegraph


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