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Unless the hyperinflation lasted only about 3 weeks, then that statement is obviously wrong. 2^21 * 100 = 209,715,200
"Zimbabwe suffered from the second worst hyperinflation on record; it reached an absurd 231,000,000% in the summer of 2008. That means that the price of goods doubled every 25 hours." Unless the hyperinflation lasted only about 3 weeks, then that statement is obviously wrong. 2^21 * 100 = 209,715,200
I think they got a bit confused - in Aug 2008 the inflation was up to 471,000,000,000%, which is roughly doubling every 25 hours
http://www.gatesfoundation.org/What-We-Do/Global-Development...
Also this: http://www.reddit.com/r/IAmA/comments/1xj56q/hello_reddit_im...
Enabling peer-to-peer transactions - whether via bitcoin in its current form or a successor - opens up economies for untold millions without stable, trustworthy or conventional banking. Most people, even in the third world, have access to cell phones.
Earlier quoted context omitted.
What method of tracking volatility are you looking at because all the ones I've tried on http://bitcoincharts.com/ at the all data length show an increase in volatility. (Tried Chaikin Volatility, Donchian Channel, ATR, and Bollinger Band)
http://bitcoincharts.com/charts/bitstampUSD#tgTzm1g10zm2g25z... Chaikin Volatility goes down imho. I do not really know what the others mean. Are they adjusted for volume?
The others largely measure average price spread using slightly different means from each other.