Pages:
Author

Topic: [2016-03-25]Venezuelan Government Launches Anti-Bitcoin Campaign (Read 1357 times)

sr. member
Activity: 321
Merit: 250
News from the future are always appreciated.

On topic: A state run TV station will always try to be anti-bitcoin if it considers it a threat.
legendary
Activity: 980
Merit: 1000
CryptoTalk.Org - Get Paid for every Post!
It does not matter what they do Smiley , its just infrastructure inversion! and no they will not be able to stop it. Smiley
people will just laugh at the propaganda!
legendary
Activity: 1442
Merit: 1016
Hmm it doesn't seem to work that well.
LBC volume continues to move up. Grin

legendary
Activity: 1918
Merit: 1012
★Nitrogensports.eu★
Let me guess, you're going to tell us you're from Venezula and it's all propaganda? Because, you know, that's how it always works in Venezula? it's someone elses fault? Tongue

Of course. You can guess from the userid - "bolivarcoin".

Bolicoin (also known as Boli) is a virtual currency from Venezuela created by Satoshisimon Bolivarmoto. Our goal was to create a trusted cryptocurrency suported by the Venezuelan citizens and for the Venezuela natural resourses. The philosophy of Bolivarcoin is to follow the ideals set by others altcoins and adapt it and make it more friendly for it users by creating a social media campaign to inform about its benefits and uses.

The raison d'etre of this coin goes out of the window if the government is against cryptocurrencies.
legendary
Activity: 1540
Merit: 1000
Let me guess, you're going to tell us you're from Venezula and it's all propaganda? Because, you know, that's how it always works in Venezula? it's someone elses fault? Tongue
hero member
Activity: 590
Merit: 500
Thats a lie, Venezuelan Government its not agains Bitcoin.
hero member
Activity: 854
Merit: 1009
JAYCE DESIGNS - http://bit.ly/1tmgIwK
Marxists are the enemy of bitcoin.
member
Activity: 98
Merit: 10
★YoBit.Net★ 350+ Coins Exchange & Dice
So they are into the "fight" step against bitcoin?, this is always the same history again and again. Is so sad to see that there is some governments into that "step", let them do whatever they want, people are not as stupid as they are thinking, i hope...

Its a old thinking that is running its course,a new day with more clarity will approach as the people demand change.
Eventually it will trickle into these Countries holding siege to people that just want to live a life. The people at the top are going to start showing their true colors and it will be judgement day.
The tyranny is going to crash the system is no longer in lock step. Its obvious that things need to change and the resistance is rising up to meet the challenge. Scifi enough for you?
sr. member
Activity: 381
Merit: 250
So they are into the "fight" step against bitcoin?, this is always the same history again and again. Is so sad to see that there is some governments into that "step", let them do whatever they want, people are not as stupid as they are thinking, i hope...
newbie
Activity: 63
Merit: 0
The people in that country are ripped off by the high inflation. If they use bitcoin, there will not be such problem.
legendary
Activity: 2492
Merit: 1018
The more they try to destroy bitcoin or cryptocurrencies in general, they actually make it stronger. People just have the tendencies to actually go into it more.
And seeing Venezuela is part of south America, its just somehow like Mexico  Grin

In my view this is a wrong decision. Fiat is also used for dark purposes.
But the government do not ban fiat.Governments are terrified that Bitcoin will devalue or simply replace there national currency, so they will say anything and do anything to prevent the spread of bitcoin.

Not that btc will devalue their fiat but they could use it to launder.
sr. member
Activity: 243
Merit: 250
In my view this is a wrong decision. Fiat is also used for dark purposes.
But the government do not ban fiat.Governments are terrified that Bitcoin will devalue or simply replace there national currency, so they will say anything and do anything to prevent the spread of bitcoin.
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
hero member
Activity: 854
Merit: 1009
JAYCE DESIGNS - http://bit.ly/1tmgIwK
legendary
Activity: 2170
Merit: 1427
It's a simple thing that you see everywhere; Things that can make a change for the good in the world get stepped on and crushed like it is an insect.

Bitcoin is such a thing. It can give hundreds of millions of people that can't get a bank account a Bitcoin address without asking a single question. They can manage their own money. They just need an internet connection and a smartphone that can get apps installed.

Governments don't want you to get independent, they don't want you to have success, they want to have full control over your life. Poverty is just an aspect of the world that allows wealthy countries to get things produced for a few pennies. It's also a form for power. Look at the continent Africa for example, last 10-20 years there is more money being collected than ever, and it doesn't even make a change. The money doesn't go to places where it is needed the most. Poor people must stay poor.
legendary
Activity: 1918
Merit: 1012
★Nitrogensports.eu★

Am I the only one who sees such stories as something positive? People in countries like Venezuela are aware that they're being fed with government propaganda and many will do the opposite of whatever the official advise is.

Therefore it's essentially free advertising campaign in the national tv channel. Although people may not be able to legally trade BTC (not sure on that tho) if the Bitcoin awareness and demand is high, they'll easily find a way to bypass any restrictions. 

As Venezuelan citizens learn about Bitcoin, I would expect there to be a lot of black market dealing going on where they sell their Bitcoin for local currency or vice versa and start trading with each other in secret, this is exactly the type of thing that Bitcoin is very good at, the only restrictions they'd have to deal with generally are the banking services. In which case in a situation like Venezula the citizens might choose to abandon the paper currency altogether and just use Bitcoin because it works and doesn't lose value so easily.

The citizens already loathe their currency. They will take dollars anyday. Bitcoin might be gaining in prominence, but I suspect it will be a very small part of the overall black market for foreign currency.
legendary
Activity: 1540
Merit: 1000

Am I the only one who sees such stories as something positive? People in countries like Venezuela are aware that they're being fed with government propaganda and many will do the opposite of whatever the official advise is.

Therefore it's essentially free advertising campaign in the national tv channel. Although people may not be able to legally trade BTC (not sure on that tho) if the Bitcoin awareness and demand is high, they'll easily find a way to bypass any restrictions. 

As Venezuelan citizens learn about Bitcoin, I would expect there to be a lot of black market dealing going on where they sell their Bitcoin for local currency or vice versa and start trading with each other in secret, this is exactly the type of thing that Bitcoin is very good at, the only restrictions they'd have to deal with generally are the banking services. In which case in a situation like Venezula the citizens might choose to abandon the paper currency altogether and just use Bitcoin because it works and doesn't lose value so easily.
sr. member
Activity: 434
Merit: 250
Young but I'm not that bold
this type of socialists government are trying to keep their control on the country by preventing any way people can profit from. they want their people to remain poor so their time is always occupied  with looking for food and then they will not be able to resist the regime. What a shame !
hero member
Activity: 756
Merit: 500
'Damage the economy', I don't think so.  Bitcoin could do nothing but help the economy in Venezuela as well as banking the unbanked.  It won't affect Bitcoin.
member
Activity: 98
Merit: 10
★YoBit.Net★ 350+ Coins Exchange & Dice
Bitcoin has always been a good prop for blame. Agree this could push things harder towards a postive change for the South American Countries needing a life line.
Pages:
Jump to: