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When they have power, Bitcoin has been a solution for wealth preservation and capital movement given their pariah status with western banks and the never ending
by seibelj 8y ago
When they have power, Bitcoin has been a solution for wealth preservation and capital movement given their pariah status with western banks and the never ending destruction of their currency. When the dust clears and capitalism is restored, there will be a fascinating case study on this development.
- CryptoPunk 8y agoHopefully when Bitcoin-Core transaction fees reach $30 again like they did in December 2017, the common Venezuelan people will be able to afford the $60 overhead ($30 opening fee and $30 reserve needed to close the channel in case of counterparty fraud) to open a Lightning Network channel, or simply switch to a more scalable cryptocurrency.
- nyolfen 8y agoi’ve read accounts that say litecoin is nearly as popular as btc there
- CryptoPunk 8y agoI'm not surprised. I'm betting on Bitcoin Cash, which has recently overtaken Litecoin in tx volume, and has most of the big early adopters in the Bitcoin space (e.g. Bitpay, Coinbase) backing it, and of course, Ethereum. It doesn't really matter what it is, as long as it can gain a sufficient amount of liquidity and number of users.