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Many years ago I was able to travel to Nigeria and I was blown away by the monetary inflation. I was young and didn't know much about economics or what fiat was. I could not wrap my head around how much cash I had to carry to buy simple things. Money is a foundational technology that when it is working facilitates building a society. I think people overlook this as a root problem in African nations. I can see bitcoin taking a foot hold in places like Kenya.
103 sats \ 0 replies \ @kepford 9 Jun
I mean... people overlook monetary inflation in the US all the time. Its one of my pet peeves and has been ever since I learned about the FED from Ron Paul back in the 2000s.
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