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Think of the crypto programmer who make it possible for poor Venezuelans to have an island of crypto inflation stability when their Bolívars are worth toilet pa

Think of the crypto programmer who make it possible for poor Venezuelans to have an island of crypto inflation stability when their Bolívars are worth toilet paper. I don't know of any feel goody NGO where a Harvard grad could feel woke working at that could do that.

MrMan 6y ago
But is maybe the only inflation story anyone can come up with? Venezuela is misgoverned, but how do I know bitcoin governance is better? Bitcoin exchange rates are not stable. I can only hoard it, it's not an investment and not a currency.
- charcircuit 6y ago
  He never said BTC. Bitcoin was not designed to be a stable currency. If you want a stable currency look at stable coins such as DAI, USDT, USDC, etc.
  - therealdrag0 6y ago
    Yet those are never in the MSM. It seems like the only reason we talk about crypto is because BC is in the news. If it wasn’t BC triggering the news maybe we could have more interesting crypto discussions.
- kobalsky 6y ago
  > but how do I know bitcoin governance is better? if you live in an affected country you may ponder about this while you see your money evaporate in front of your eyes. or you can buy BTC to get your money in an exchange and distribute it into stable coins. yes, one may implode, right now our national currency has imploded, whatever their governances are doing it's better.
woeirua 6y ago
This is a pretty weak argument. Venezuelans are using physical USD on the black market to get around their weak currency. At the end of the day, crypto is only helping the wealthy in Venezuela.