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I think it is a good example because cryptocurrencies solve the confidence issue people have in the local currency and takes away control of a single government
by aclsid 8y ago
I think it is a good example because cryptocurrencies solve the confidence issue people have in the local currency and takes away control of a single government to impose controls and depreciate the currency. You also get to bypass the notoriously bad banking system and since bank transfers cannot be reversed here, it's actually safer to trade bitcoins to bolivares than it is to trade bitcoin to USD using Zelle or PayPal.
- bduerst 8y agoAgain, any currency solves the confidence issue, even gift cards, not just cryptocurrencies. There's an entire black market exchange with other currencies already in place.