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Scoop.it!
Sadly we have no strict official definition of hyperinflation but the usual rule of thumb is that an inflation rate of over 50% a month qualifies for the hyper- not just the inflation. 
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Scoop.it!
The number of Venezuelan bitcoin users has doubled and the trading volumes of Venezuelan bitcoin exchanges have increased substantially since 2014.
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Venezuela is the first country since Iran in 2012 to suffer the tell-tale signs of hyperinflation with no help on the way.
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(Reuters) - Tech-savvy Venezuelans looking to bypass dysfunctional economic controls are turning to the bitcoin virtual currency to obtain dollars, make Internet purchases -- and launch a little subversion.
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Deutsche Bank currency analysts recommend covering underweight positions in Venuezuela bonds after the government took “a small step towards overdue devaluation.”
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Curated by jean lievens
Economist, specialized in political economy and peer-to-peer dynamics; core member of the P2P Foundation
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Met P2P voorbij markt en staat: voor een progressieve coalitie rond de commons. Met nieuws over op p2p gebaseerde praktijken en hoe de overheid, de politiek en de zakenwereld ermee (kunnen) omgaan...
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Not TINA (There Is No Alternative) but TAPAS: THERE ARE PLENTY OF ALTERNATIVES
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