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2221 sats \ 0 replies \ @franzap 16 Sep 2023 \ on: Why hyperinflation may not speed up hyperbitcoinisation bitcoin
Absolutely. It needs to be done on the way to hyperinflation.
But I think you're missing something.
Here in Argentina for example, people escape inflation by buying US dollars. Is the dollar inflating 7%? That's absolutely nothing compared to 130%! So people demand and save in dollars. It would be much easier to jump to bitcoin if dollars didn't exist.
Bitcoin has different onramps but I think zaps (like on Nostr/SN) are the least difficult way to get acquainted, and these social places have the potential to scale adoption the most. Memes help.