5 ms·
I seriously doubt the author has spoken to a single Venezuelan about Bitcoin. A couple realities: - dozens of miners have gone to prison for exploiting power s
by sebleon 9y ago
I seriously doubt the author has spoken to a single Venezuelan about Bitcoin. A couple realities:
- dozens of miners have gone to prison for exploiting power subsidies. Mining now requires pooling electricity from neighbors to hide high-usage households
- vast majority of Venezuelans don't even know about Bitcoin, remains a niche topic, not a useful currency at the moment
- unlike Bitcoin, the Bolivar has a military and police force behind it, they will squash competing currencies that begin gaining momentum