Post
Topic
Board Bitcoin Discussion
Re: Russia, Philippines, Indonesia and India support crypto the most
by
Rossy Akbar
on 09/07/2019, 17:39:50 UTC
don't u find it weird? The less eveloped counties support blockchain implementation the most? what is the reason? possibility to earn or to steal?

Link to the article: https://ambcrypto.com/indonesia-russia-philippines-and-india-among-countries-whose-citizens-actively-support-budding-crypto-projects/

I can tell you why crypto is so popular in Russia

Don't know about Indonesia (but the same reasons can apply there as well), but in Russia people are very suspicious of the local government (deep inside) up to a point where they can publicly tell you one thing (e.g. that they fully support whatever the government does) but in reality they definitely know better (read, they don't trust the Russian ruble). And crypto happens to efficiently and effectively end the government control over personal finance enforced via inflation and a multitude of other nasty devices (given the rich history of fiat devaluations and money expropriations in this country)
Well, In Indonesia as well the Rupiah was to weak, don't know exactly what the reason is, and also looking for job was so hard, so it might be it was the reason why some Indonesian know and learn about bitcoin, but I think the popularity of bitcoin here wasn't so familiar, because I can see not many Indonesian also trust in digital currency, sometimes they just say you just dreaming with this stuff.