Post
Topic
Board Economics
Re: Venezuela hit by new nationwide powercut for more than three days
by
jademaxsuy
on 28/03/2019, 10:10:17 UTC
Venezuela facing hard economic crisis over the years, and the past month it begun to recover slowly. Now once again the scenario is going worse with nationwide powercut. Mundro indicates USA as the cause, even the capital city Caracas too is experiencing the same. Business people prefer moving out of the country, as they've lost hope of the recovery.

Will this make any impact on the global cryptocurrency economy as electricity is a much required resource for the successful functioning of bitcoin and major other cryptocurrencies in the market. I believe such scenario will never happen with any of the countries around.
How come it became nationwide when in fact the power supply is not being centralized basing on the geographical area to which we know that a certain country has a wide lot area. I cannot believe that a nationwide power cut will going to happen. As we all know that there are private owners who supply power to the locals coming from different resources like geothermal, windmill, waterfalls and etc.