Post
Topic
Board Economics
Re: Can bitcoin help rebuild Venezuela? - Darb Finance
by
Silberman
on 29/09/2019, 16:40:03 UTC
according to the news that I read, a bitcoin-based ATM was installed in Venezuela on September 10 yesterday. this proves that Venezuela is one place that is suitable for the development of bitcoin. This will facilitate the use of bitcoin, bitcoin cash, and dash on Venezuela. for more information about this, you can read in https://cointelegraph.com/news/after-multiple-false-starts-venezuela-may-have-its-first-bitcoin-atm

How is Venezuela suitable for developing the ecosystem?
Venezuelans do not have a lot of mine to buy amounts of bitcoin... They search for food in garbage bins.
If you want to develop the ecosystem you should bring a developed country to bitcoin embrace. Otherwise, nothing is going to happen and the condition will be stagnant.
This, while Venezuela could benefit from bitcoin the truth is that they have more serious problems to think about, the first one is that no matter what they do until they find a way for those at the top to give up their power then no measure is going to be effective in order to reconstruct their country, besides bitcoin is not ready for a country to fully adopt it so Venezuela will be better off by backing their currency with gold or silver or even better they could make gold and silver their official currencies.