Post
Topic
Board Economics
Re: Could Bitcoin Smash Socialism in Venezuela?
by
uneng
on 23/02/2021, 18:06:47 UTC
I have no doubts bitcoin can help common citizens with their daily needs in Venezuela, but I totally disagree it can smash socialism there. In fact, crypto currencies are making the socialism maintenance in Venezuela, because a big part of the citizens' income is going to pay taxes that fund the government and all its employees, the *system*.
You know there are fast foods and probably other stores there accepting crypto as payment method without any interference from the government, what means it is not a threat to Maduro. Actually socialists have nothing to complain about bitcoin or crypto, because that is the way people are bringing money from outside to their country.