Quote from: muddy waters on September 27, 2018, 05:55:19 PM

Quote from: AStephen2011 on May 18, 2018, 04:16:24 AM

An economy is a zone of the production, appropriation, or exchange, and utilization of merchandise and enterprises by various operators. Comprehended in its broadest sense, 'The economy is characterized as a social area that underlines the practices, talks, and material articulations related with the production, utilize, and administration of assets'. Monetary specialists can be people, organizations, associations, or governments.

Haven't quite understood what you wanted to say (or to ask) by this topic, but if talking about the economy in my country, it is experiencing the crisis lasting for over past several years.
I don't carry any illusions about bitcoin drastically changing the situation (though mining here is one of the cheapest), though the government announced that they will use a blockchain-based solution for the upcoming elections.

This is like the lender of the last resort. You let the new system work when your existing system collapses. If we talk about Venezuela, they have introduced the cryptocurrency central bank and since majority of the people use mobile money, switching from the mobile money to using cryptocurrency might not be a big task either.

They would make use of anything that keep the economy running and reduce inflation but relying in cryptocurrency to such a great extent is not healthy as well.