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I've been in crypto a long time. I chose specifically Venezuela as I know that is a good case of Bitcoin not achieving its objectives and was called out specifi

I've been in crypto a long time. I chose specifically Venezuela as I know that is a good case of Bitcoin not achieving its objectives and was called out specifically as an example of it supposedly being successful. And I very much stand by this and my related points.

RestlessMind 4y ago
> And I very much stand by this and my related points. You say - "If the country gets its act together...". I think crypto will get its act together and get around the adoption blockers before despot regimes of the world get their act together. Just a gut feeling based on our history so far. I also agree that there will be multiple crypto scams along the way. Such is the allure of the new tech.
RestlessMind 4y ago
Since I cannot edit my other reply to this comment anymore, here is one more counterpoint: Nigeria is 11th in terms of Crypto adoption [1] while its government is hostile to Crypto [2]. A great example of how Crypto can help ordinary people fight shitty regimes with unstable currencies. [1] https://blog.chainalysis.com/reports/2022-global-crypto-adoption-index/ https://blog.chainalysis.com/reports/2022-global-crypto-adop... [2] https://www.bloomberg.com/news/articles/2022-11-27/nigeria-sec-to-avoid-cryptocurrencies-in-digital-assets-push https://www.bloomberg.com/news/articles/2022-11-27/nigeria-s...