Tag: Demonitization

India’s Demonetization Effort Shows Why Bitcoin Is the Only Solution

Most people with an interest in finance are familiar with India’s demonetization plans. A few months ago, the government decided to make certain bills invalid overnight and replace them with higher-denomination notes. Considering how India mostly uses cash to store wealth rather than banks, that move caused a lot of civil unrest and ultimately led to more problems than solutions. The latest report from the Reserve Bank of India acknowledges that the entire plan was a “complete failure.” …
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