Post
Topic
Board Economics
Re: Perfect example of why governments must hold Bitcoin
by
South Park
on 07/02/2019, 21:35:43 UTC
EU and UK are toothless loyal US dogs. They doesn't have own decision making process now. The point here isn't is Maduro good or bad, but the point is they are breaking all democratic principles.

Having Bitcoin will not help Maduro anyway. He will need to convert to fiat at some point. And all cryptos are what 120B? This is nothing compared to world finances and needs.
At this point in time you are right but if we begin to think about the future then it makes sense that something like bitcoin should be favoured as a way to store your money safely and to avoid the scenario we are seeing now, but before we get to that point it will be important that we do this at the personal level since this is no different than what banks do to people every day denying you access to your funds just because they do not feel like giving you your money.