Germany turns into a new crypto-currency center. The Germans, historical adherents of cash, are interested in bitkoynom because of its anti-inflationary nature and anonymity, and in Berlin there live developers of leading crypto-currencies, including air, and other block projects. If China prohibits miners, they can easily move to Germany, where the price of electricity falls due to the transition to renewable energy sources, writes the Wall Street Journal. According to Deloitte, on the GitHub platform, German block projects rank fourth after China, the United States and Great Britain (total 1,307). The first of them began to appear in 2008, and the local crypto-exchange community calls Berlin the center of block-development. "The technology originally invented by the anarchists is now promoted by German banks," says the founder of BlockchainHub, Shermin Woshmgir. "Many of the main actors in this area live in Berlin". Jorg von Minkwitz, the founder of the Bitwala start-up in Berlin, says he was interested in bitkoyn back in 2011 after the debt crisis in Europe. "We in Germany have always had big problems with the central authorities who tried [to fail] to control our money," he said.. Trent McConagie is Canadian, but he opened BigchainDB in Berlin. He develops decentralized solutions for databases, and believes that the roots of the popularity of the blockade among Germans go back to the era of the Weimar Republic with its hyperinflation and the period of the Cold War. "Block-start-ups are developing exponentially in Berlin," he says.. A study conducted in 2016 by the International Journal of Central Banking showed that the Germans used cash in 82% of transactions and in 53% of transactions at a cost much more than Americans, British or French. A popular German principle is: "nur Bares ist Wahres" or "only cash is real".

But the love of the Germans for cash hides an even greater fear of inflation, born in the inter-war hyperinflationary period. The Germans are very suspicious of the weakening of the monetary policy pursued by the ECB in connection with the debt crisis in Europe. In conditions of zero and even negative interest rates, many players are willing to take risks and invest in bitcoin, which is limited in its issue.

Original article: Germany can become the "capital" bitkoyna.