Quote from: abayan on December 04, 2016, 01:50:05 PM

Quote from: FinanceUS on December 04, 2016, 01:44:04 PM

Quote from: buwaytress on December 04, 2016, 12:20:37 PM

Two arguments here stand out. How on earth can people abandon fiat for bitcoin when:

1. Blockchain simply cannot handle the extra 20 million transacts that will come daily (very conservative estimate). Should people wait 2 or 3 days to ensure they aren't victims of double spends?

2. Should electricy and internet get disrupted (a lot for more than half its population) are people going to simply pause trade and commerce?

Good points here. I'd added that still many people in this planet don't know what Bitcoin is.

One can't ask people in Venezuelan all switch to use Bitcoin when significant percentage of people there knows nothing about Bitcoin.

Agree not all in venezuelan people know what is bitcoin or we cant say that they are really advance on technology so that they are capable on using bitcoin or converting to bitcoin. We should always think about technology in their country before talking about bitcoins.

People in Venezuela get screwd by their government every day.
That brings them to a general distrust against a lot of things.
What you can usually read about bitcoin in mainstream meadia is often not positive.
And when their first impression about bitcoin through the media was negative, I think there is distrust against bitcoin as well widely spread and will be hard to overcome.