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I agree that the Mexican peso and the Venezuelan Bolivar are not doing well, certainly you wouldn't want to use them as currency, if you can avoid it. I can al
by DasIch 5y ago
I agree that the Mexican peso and the Venezuelan Bolivar are not doing well, certainly you wouldn't want to use them as currency, if you can avoid it.
I can also totally see people using bitcoin as a speculative investment. That's also not an argument in favour of bitcoin as a currency.
> Also USD and EUR may be better options but I dont think having accounts denominated in these currencies is easily available to many people in Venezuela or Mexico.
So bitcoin is used not because it's a good currency but because it's better than the available alternatives. I guess that makes sense.