Quote from: macson on February 26, 2021, 09:25:40 AM

this is good writing, i like it.
discussing Venezuela emmm there will be no end. The problems that stick around Venezuela are politics and corruption. I idly typed "Venezuela's wealth potential" on google and was surprised at the results I got, Venezuela is not a poor country, actually just a corrupt country (complicated bureaucracy and corrupt government).
talking about whether Bitcoin will save Venezuela, I don't think it will be if CORRUPTION is still a disease there. In general, Bitcoin is indeed more suitable for individual or corporate investment, but if a country invests in Bitcoin it's not difficult either, it's just that any profits created are shared with citizens for education and health costs because that's the most important thing.
socialist ideology in Venezuela seems ineffective because of the corruption and low levels of human and government resources there.

From 1950 to the early 1980s, Venezuela's economy showed steady growth. By 1982, the country remained the richest economy in Latin America. It used its enormous oil wealth to fund social programs, including health care, education, transportation, and food subsidies. The wages of workers in Venezuela were among the highest in the region. But the lack of economic diversification (oil has become almost the only global filler of the budget) and Hugo Chavez with his program of "Bolivarian socialism" put an end to the happy life of Venezuelans ...

Link below - animation of GDP changes over time and in comparison with "neighbors"
http://i1.wp.com/money.visualcapitalist.com/wp-content/uploads/2017/09/venezuela-vs-everyone.gif?w=1360