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While I agree with the sentiment - as obviously crypto can sometimes be useful in that context - you're also talking about a tiny fraction of the human populati
by adventured 5y ago
While I agree with the sentiment - as obviously crypto can sometimes be useful in that context - you're also talking about a tiny fraction of the human population where it's relevant in that way. It's a small fraction even within nations in those conditions.
How has Bitcoin saved Venezuela? Well it helped a small number of people in the country, sure. It obviously didn't fundamentally make any difference, and it's not going to anywhere else either. For the average person Bitcoin is not easier to acquire, use or manage than USD in locations such as Lebanon, Turkey or Venezuela.
- steelstraw 5y agoSure, but it's increasingly relevant the more we see governments and currencies fail. If the same thing happens in El Salvador, the people will be in a far better position than Venezuelans were. Or if it happens in the West. The USD is at risk of losing global reserve status, and it's inflating, and some (Jack at Square, for instance) are making the case that hyperinflation is coming for us too. With how unstable things are this point, I would at least entertain the possibility.
- skulk 5y agoAre all these problems caused by the lack of a decentralized currency that requires burning crazy amounts of energy to maintain trustlessness? Even if everything burns away and anyone who is still worth a damn holds BTC, what has actually been solved?