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The Guardian writes from a privileged place where state-backed money is somehow stable. That's not the reality in much of Africa. When your national currency gets manipulated and becomes worthless, Bitcoin's volatility looks very different.
Exploiting people through crypto is wrong. That's not Bitcoin's fault—that's what bad actors do with open technology.
Excellent reporting as always @anita. I had to check and the ZiG (the currency that just replaced the Zim dollar last year) has lost 65% of its value versus the dollar in the last 12 months. And they want to make it out like bitcoin is the problem because it's down ~6%. They have no concept of what real inflation and debanking problems are like.
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The dollar itself traded between 96 and 110 this year, currently down 8 percent this year.
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