Venezuela is one of the most rapid adopters of cryptocurrency in the world. Typically, Venezuelans aren’t holding cryptocurrency as a long-term hedge against inflation. Instead, they are using it to buy food, medical supplies, and day-to-day purchases.
Hahaha, yeah right!
The last transaction that would have been confirmed as I speak would have had to pay 102sat/b which's almost 8$ for the smallest tx.
You're telling me that people in Venezuela will pay 240$ a month, more than their median wage to buy stuff with bitcoin?
Get real, nobody is using bitcoin here to buy food with, and if somebody does he isn't using on-chain transaction.
It's my opinion, and you can see that in some of my comments! Venezuela is just one of the "bad" examples of what this traditional economy is doing for centuries... It's too corrupted, and believe it or not powerful countries and their big banks are pretty much responsible for all that shit around that last for too long..
Oh yeah, we're responsible for all the crap that their leaders have done so!
When they were nationalizing everything they could get their hands on and giving it away they were heroes, now when we don't want to give them more money to spend on useless garbage we're at fault! It's always somebody else to blame, not their stupid politics and of course not socialism! Blame the US, blame the banks but not the morons cheering when their own leaders were setting up programs that were going to ruin the country.
If this traditional economy is this bad why are some countries doing so good compared to Venezuela without a single drop of oil?