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That's interesting, but I'm pretty sure a physical dollar bill is more useful. A physical dollar can be used to make purchase stuff locally without a computer,
by cjensen 12y ago
That's interesting, but I'm pretty sure a physical dollar bill is more useful. A physical dollar can be used to make purchase stuff locally without a computer, and is easily accepted for a sale. In the example given in the article, the only reason the first guy in the article uses bitcoins is to buy an Amazon gift certificate (denominated in dollars) to buy stuff mail order.
The only real lesson to be had from the Venezuela situation is that far-left governments suck at basic economics and math. There is no lesson to be had about bitcoins in this situation.
- SpaceManNabs 12y agoThe issue is that they are lacking physical dollar bills. Might as well try all venues. It shows that bitcoins can help alleviate currency demand. As others have commented, bitcoin adoption is steadily going up.
- imaginenore 12y agoIs there lack of computers? Everyone has a smartphone these days. And bitcoin works over SMS, so you don't even need a smartphone.
- icebraining 12y agoEveryone has a smartphone these days. In Venezuela? Are you sure?
- celticninja 12y agoSo do far right governments. It's almost as if we need a sort of middle ground.
- eru 12y agoOr more dimensions?