4 ms·

But for them there are better alternatives to BTC, one being BCH for example

• orwin 6y ago
  And even if they do use BTC (they don't really, at least in Africa, i don't know about Venezuela), they do not trade using BTC but a second layer anyway.
  • hfsp 6y ago
    This is either an uninformed or misleading take. It isn't necessarily "Africa" or "Americas". The heuristic is "is my local fiat shitcoin stealing my purchasing power". Counter to your claim and easily provable with a basic search Nigeria is one of, if not the leading in BTC adoption %. https://www.msn.com/en-us/money/news/nigeria-is-the-second-largest-bitcoin-market-after-the-us/ar-BB1c1U1C https://www.msn.com/en-us/money/news/nigeria-is-the-second-l... https://www.statista.com/statistics/1194735/bitcoin-online-search-interest-country/ https://www.statista.com/statistics/1194735/bitcoin-online-s...
    • imtringued 6y ago
      Is it the shitcoin or is it the fact that the economy itself is gone and thus your currency isn't worth anything because nobody is selling things to you? Here is an interesting article: https://www.washingtonpost.com/world/the_americas/venezuelas-paradox-people-are-hungry-but-farmers-cant-feed-them/2017/05/21/ce460726-3987-11e7-a59b-26e0451a96fd_story.html https://www.washingtonpost.com/world/the_americas/venezuelas...
• hfsp 6y ago
  BCH is trending to 0 in BTC. How does this solve Venezuelans or Lebanese store of value problem? https://www.tradingview.com/symbols/BCHBTC/ https://www.tradingview.com/symbols/BCHBTC/
  • uncletammy 6y ago
    Yet they just passed BTC's daily transaction volume (regularly) . Like it or not, BCH is about to eat BTC's lunch and good for them. They've earned it.
    • ad31mar 6y ago
      SoV first and only then medium of exchange. Not the other way around.
  • afiori 6y ago
    That is because BTC extremely unstable, which is good for speculation but not for a currency