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people in venezuela have been experiencing double and triple digit inflation. two years ago it was 100/USD now it is 1000/USD. you could argue that gold is a go
by solotronics 9y ago
people in venezuela have been experiencing double and triple digit inflation. two years ago it was 100/USD now it is 1000/USD. you could argue that gold is a good store of value for them but there are problems with storage of it and hiding it from corrupt state officials if you wanted to use it for daily purchases. contrast this with Bitcoin that literally anyone with a cellphone can own and transact with anyone else with a phone or computer. you can hide and send any amount of Bitcoin anywhere you can write down a string of digits. as we solve the scaling problems for daily transaction type purchases it will really take off big time.
- pedrocr 9y ago>Bitcoin that literally anyone with a cellphone can own and transact with anyone else with a phone or computer. I doubt it's actually possible to run a full node on a phone. If you're relying on an exchange then you're not really using any special bitcoin feature. Normal internet banking to a geography that isn't screwed up would work just fine.