Iranians are rushing to convert their rials to gold or US dollars.
There are, however, at least eight Iranians currently sitting comfortably at home, counting their Bitcoins (this number represents currently-connected users of the standard client):
Friday, December 23, 2011
Iranian Currency Approaching Toilet Paper Status
In one month, the Iranian rial has lost 15% of its value on concerns over the ability of the government to maintain economic stability in the face of sanctions. By March of 2012, it is anticipated that the annual inflation rate in Iran will have hit 21.6%.
Iranians are rushing to convert their rials to gold or US dollars.
There are, however, at least eight Iranians currently sitting comfortably at home, counting their Bitcoins (this number represents currently-connected users of the standard client):
Iranians are rushing to convert their rials to gold or US dollars.
There are, however, at least eight Iranians currently sitting comfortably at home, counting their Bitcoins (this number represents currently-connected users of the standard client):
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What worries me a bit is that the number of connected clients seems to be going down.
ReplyDeleteExpect that number to continue dropping as people continue to switch over to other clients and e-wallets that do not require the blockchain to be downloaded. StrongCoin, blockchain.info, Electrum, Bitcoin Spinner and MultiBit are all good alternatives that don't bog down the system.
ReplyDeleteWith 0.6, however, the unique functionality could generate a spike in connected clients until the other wallets catch up.
Yes, the number of connected clients my go down, it is a problem.
ReplyDelete