03 May Hyperinflation In Lebanon Leads To Mass Protests
Family members of Lebanese protester Fawwaz al-Samman — who died after he was shot during riots in … [+]
Hyperinflation is a heavy word, a simple breath that conveys with it a staggering amount of historical significance and trauma. Blamed for Hitler’s rise and the fall of the Weimar Republic, the downfall of the first American currency issued by the Continental Congress, and the cause of numerous downfalls of governments, hyperinflation was also something Bitcoin and its sound money principles were positioned against from the beginning with its 21 million Bitcoin limit — an idea that has spread, in spirit if not in practice, to many other cryptocurrencies.
As…