Quote from: Hispo on December 11, 2021, 12:13:22 PM

Quote from: The Pharmacist on December 11, 2021, 11:55:44 AM

Quote from: Darker45 on December 11, 2021, 01:41:24 AM

Do you have any more reliable information that would somehow support this claim? Other than this Facebook page, is this information somehow corroborated by more credible sources?

Yeah, I can't stand when a thread starts like this, with a claim that a pronouncement was made by someone and no reference links are provided. It's hard to comment on something that I don't really know is true.

But let's assume the IMF said what it said for the purposes of my post. I don't know how much developing countries and their citizenry value their currency, and I assume it depends very much on which country we're talking about. If it was a country like Venezuela, then I'd say crypto might pose a threat to their fiat currency, but even during their hyperinflationary crisis I didn't hear tons of credible stories of how bitcoin or any of the altcoins were taking over; I think Venezuelans used the US dollar as a substitute currency.

And this just isn't true:

We have adopted USD as auxiliar currency, that is a fact and it is the reason we have been able to slow down the inflation here.

On the other hand, I must say that cryptocurrency, even though it has not taken over completely the economy of my country it has indeed gain a big amount of adoption, mainly because we have been mistreated by services like Paypal for years, and the fact it makes easier to conceal our savings from bad people or even send money anywhere.

Nowadays, here even the most common USD wallets offer crypto options so even if people do not much about Bitcoin or crypto they have at least been exposed to it to some degree.

In my city for example, there is a candy shop which accepts BTC, a department shop which also does so and stablecoins are being used much as payment method. Caracas (our capital city) is a place where one could live on crypto.

Any questions about how crypto is doing here, I am glad to respond.

Please tell me - how is the issue of the loss of funds associated with network commissions resolved, with the regular purchase of inexpensive goods / food? According to my calculations, if the payment acceptance scheme works on standard terms, where there is a commission. Moreover, the level of commission can be commensurate with the cost of the transaction itself. Taking the same bread, vegetables, eggs - the price is not high, the transaction fee is noticeable, which gives rise to the problem of losing personal funds. Or has everyone included the commission in the price of the goods?