Assuming that your story about your Venezuelan friend is made-up is just normal. Even if you did have a Venezuelan friend, how is that a source of authority on

Assuming that your story about your Venezuelan friend is made-up is just normal. Even if you did have a Venezuelan friend, how is that a source of authority on anything? It's just anecdotal evidence and irrelevant to the discussion. Like someone here, the other day, who claimed to be a business owner who made international payments with bitcoin on a regular basis... absolutely unbelievable. If you're really arguing in good faith you should start by disclosing your conflicts of interest. You didn't mention you were involved in a bitcoin project. You probably own bitcoin as well. For the record, I don't have conflicts of interest. I don't have any financial stake in bitcoin or in other crypto-currencies. To summarise, and going back to the topic of the conversation... your entire claim is that a number of Venezuelans (don't know how many) invest their savings in bitcoin and this improves their quality of life because they're able to combat the effects of hyperinflation in this way. Okay, so what? Does that contradict my original point? No, it doesn't. My point is that, considering the situation as a whole, having the opportunity to avoid the effects of hyperinflation by using a foreign currency, for example, is only a marginal improvement for these people. Even assuming that bitcoin can fulfil the role of an actual solid currency, which in my opinion it can't.