FloresHernandez

3 ms·

1.
by FloresHernandez 5y ago
Yes, of course. The problem here is the repressive government. But as everything, they have tools. Crypto takes one of the tools for them (Debasing the currency and strict control over local banks). Any tool we can take from them is good. E
2.
by FloresHernandez 5y ago
Yes, it shields you against your own government by giving an alternative they can't stop or ban. In some parts of the world, government is hostile towards their own population, either by incompetence or malice. Debasement of the nation
3.
by FloresHernandez 6y ago
You can opt out of Apple ecosystem simply by changing your phone. You can't not opt out of your government ecosystem (Or at least, it's more complicated). This is like calling Walmart profit margin "tax" ... just buy in
4.
by FloresHernandez 7y ago
I've visited Colombia several times on several cities and unless you're taking illegal cabs you never feel unsafe. The legal cabs are pretty clearly marked. Uber could give you an extra layer of safeness as you're basically r
5.
by FloresHernandez 7y ago
There is no gold-backed fiat currency.
6.
by FloresHernandez 9y ago
They might try to crack it down. It will probably go the same way as the crack down of the dollar. Won't work. And is even easier to hide bitcoin that to hide USD cash. The downside of dealing with local currency is too great, so peopl
7.
by FloresHernandez 9y ago
No, I did not. Nobody I know did. I agree it's a farce. Save from speculators, nobody is going to buy Petro as nobody trust the Venezuelan goverment. It's probably a money laundering scheme. Maybe the government will try to force
8.
by FloresHernandez 9y ago
Using localbitcoin to buy them. I either send them to a wallet for long term storage or use uphold to change to usd. I'm only buying in btc "saving money". Local currency (which my business generates) is spent either in suppl
9.
by FloresHernandez 9y ago
I own a small business in Venezuela. Nothing tech related, but in the food industry. Bitcoin has been a godsend. We are able to save money again having it as hard currency. I do exchange some of my btc for dollars, using btc to help to make
10.
by FloresHernandez 12y ago
Actually, is the other way around. It is cheaper to pay in Bolivars than Dollars. Right now is 9000 Bolivars (Around 90 Dollars) vs. 130 Dollars a night at the Marriott in Caracas. It used to be crazy before, if you paid in Bolivars it was