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I call bullshit. It's a nice story, and I don't doubt that some Venezuelans benefit from bitcoin somehow. But for BTC to be considered a "lifeline" for the pop
by fyi1183 9y ago
I call bullshit.
It's a nice story, and I don't doubt that some Venezuelans benefit from bitcoin somehow. But for BTC to be considered a "lifeline" for the population would require people to actually do day-to-day transactions with it. That's not happening.
- darawk 9y agoNot really, it could also serve as an inflation hedging store of value. To which you might respond that Bitcoin is highly volatile, and you'd be correct. But it's substantially less volatile than the Bolivar.