Post
Topic
Board Bitcoin Discussion
Re: Venezuela & The Bitcoin
by
Kprawn
on 18/12/2019, 18:14:07 UTC
One thing we should always remember is that Bitcoin cannot solve problems with governments. The Venezuela's government f%^^&ed up the local

economy and hyperinflation is killing the local currency. Today you can buy 3 bottles of milk with say 1000 Bolívar and within a couple of hours you

can only buy 2 bottles of milk. So what do you do... you shift your Bolívar into something that would protect the value of your local currency, so

that you can buy 3 bottles of milk with it, even after the value has dropped. The Bitcoin price gradually goes up, so you get even more milk for the

bitcoins that you bought before.  Wink