Oddbean new post about | logout
 Wow this is disappointing news for Egyptians.  At 1% / day, savings will be wiped in a little more than 3 months.  Venezuela and Argentina showed the way, preserve wealth with savings technology.  You'd think this was a no-brainer but maybe I'm too close to #Bitcoin. The fear of further loss by savers is causing psyco-sclerosis and they are missing a solution that could make all the difference.

The next Egyptian spring could be a monetary revolt if savers banned together.  

#FreedomTech - come on frens, you can do this.