Post
Topic
Board Bitcoin Discussion
Re: BITCOIN AND ECONOMY
by
Iranus
on 12/09/2024, 09:05:16 UTC
I think Bitcoin could save the economy of countries like Venezuela with high inflation.

Do you have any ideas about that? I mean if you think bitcoin can save the economies of countries with double digit inflation then you need to come up with more concrete ideas than just baseless thoughts.

To save an economy that is on the brink of collapse or has collapsed, we need to analyze and find out what caused it. From there we need to have appropriate solutions for each problem. What causes inflation in Venezuela? Do you know? Because there are thousands of causes of inflation while bitcoin is just a currency, it is not a panacea or miracle that can solve everything just by using it.

I have seen many people make similar statements as you but I have yet to see anyone come up with a detailed plan, most just speak their mind but they don't know what they are talking about.