Quote from: ChuckSRQ on May 12, 2016, 09:48:13 PM

Quote from: expert4knowledge on May 12, 2016, 09:43:52 PM

Quote from: ChuckSRQ on May 12, 2016, 09:15:36 PM

Quote from: expert4knowledge on May 12, 2016, 08:35:37 PM

Bitcoin is not a stable coin, suppose they change to bitcoin and in one day bitcoin price collapse. Then the economy collapses badly.

You do not seem to realize they are currently experiencing hyperinflation. Even if BTC goes down in dollar terms it is still probably gaining strength in Venezuela's currency. BTC would be much more stable and save wealth than VEF at this point, without a doubt.

I know but even in that case BTC is not trustable, another problem for BTC is that it is an electronic currency and they needs lots of infrastructures for using it and also the price change in seconds so in different hours of a day for buying a kilo of potato people must pay different amounts of bitcoin.

The price is already changing on a daily basis. It increases.Aleays At least with BTC it would depreciate in price. That is not a price variation they would mind. The problem is as you say infrastructure not price stability. Price stability has nothing to do with why it has not been adopted. BTC would be far superior to VEF.

But such switching is very expensive and suppose bitcoin comes back to previous days that changed a lot, I do not consider such transformation a long term solution.