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venezuela shows exactly why bitcoin cannot be used as currency. venezuela currency lost its value because the trust in central authority has evaporated, meaning
by thkim 9y ago
venezuela shows exactly why bitcoin cannot be used as currency. venezuela currency lost its value because the trust in central authority has evaporated, meaning it is now decentralized. look at it - venezuela currency value graph looks like bitcoin value graph upside down. people are quoting different value. some local areas are creating their own currency (just like bitcoin forks!). it is totally out of control. nobody can use it as currency.