Post
Topic
Board Bitcoin Discussion
Re: A first person account of using Bitcoin in Venezuela
by
Nadziratel
on 06/05/2019, 09:58:43 UTC
You might find this account of the problems facing people in Venezuela interesting. It shows the human cost of hyperinflation.

* https://www.coindesk.com/bitcoin-cant-fix-venezuela-i-should-know

(I first posted this on my blog)

I'm so sorry about what you've been through. We can only watch what's happening in Venezuela. There is nothing we can do.

But I think it's pointless to wait for crypto beings to save Venezuela. There are some structural problems in the country. First of all you have to do self-sufficient production and then produce something for global trade. But I think Venezula is a little out of this point. Cryptocurrencies may be the solution for many things, but you must first have an economic system. Venezuela is currently in an environment that does not work. I think that Venezuela can stand up again with common sense and some help. I hope, at least ...