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Yes, yes it is. You can look at my previous comment history here on HN but I live in Venezuela and crypto is a very real lifeline for me as I'm considered perso
by kemonocode 6y ago
Yes, yes it is. You can look at my previous comment history here on HN but I live in Venezuela and crypto is a very real lifeline for me as I'm considered persona non grata for the rest of the international banking system.
My only recourse to keep money that won't devaluate in a matter of days if not hours is to either have it in cash (dangerous and need to know the "right people"), make use of foreign currency-denominated accounts in national banks which would be an extremely foolish endeavor for reasons that should be patently obvious, a tiny amount of frankly dodgy international banks that still do business with Venezuelans... or crypto. In spite of the wild price swings, crypto remains the most reliable alternative among everything I've mentioned.