Topic: In Venezuela, Cryptocurrency Is an Oppressor and a Lifeline - page 4. (Read 568 times)
Yes Venezuelan people are getting good benefit from Bitcoin and Crypto, a good and optimistic news for us.
Yes, mone inflation has become a great problem for venezuela. People will definitely move to bitcoin or other cryptos for sure.
Cryptocurrency will surely rule Venezuela without any doubt. People will obviously give crypto priority over the fiat because of the inflation.
A host of practical challenges hinder widespread use of Bitcoin and other cryptocurrencies in Venezuela in lieu of paper currency. But over the past few years, many Venezuelans have embraced the decentralized, censorship-resistant technology as a means of transferring and storing money without being slapped with hefty international transaction fees. The distributed nature of blockchain makes it nearly impossible for governments to alter transaction data or control the network, as long as that network remains decentralized.
https://www.pcmag.com/feature/362486/in-venezuela-cryptocurrency-is-an-oppressor-and-a-lifeline/1
https://www.pcmag.com/feature/362486/in-venezuela-cryptocurrency-is-an-oppressor-and-a-lifeline/1
Bitcoin serves as a hedge to unstable currencies or governments that do not respect private property. It is an excellent means for people to store their wealth and take it across borders in case an unruly government decides to arbitrarily seize property.
A host of practical challenges hinder widespread use of Bitcoin and other cryptocurrencies in Venezuela in lieu of paper currency. But over the past few years, many Venezuelans have embraced the decentralized, censorship-resistant technology as a means of transferring and storing money without being slapped with hefty international transaction fees. The distributed nature of blockchain makes it nearly impossible for governments to alter transaction data or control the network, as long as that network remains decentralized.
https://www.pcmag.com/feature/362486/in-venezuela-cryptocurrency-is-an-oppressor-and-a-lifeline/1
1 Bitcoin = 1,538,325,810,18 Bolívar Venezuelahttps://www.pcmag.com/feature/362486/in-venezuela-cryptocurrency-is-an-oppressor-and-a-lifeline/1
The Venezuelan government also makes crypto currency as a solution to the economic disaster that is experienced today. The crypto currency named Petro was launched some time ago, supported by oil reserves owned by Venezuela.
imagine if there is no cryptocurrency
The Petro was laughed at by everyone in crypto and Venezuela. People in Venezuela do not want a currency backed by the same people who just caused hyperinflation in the country. Would you trust them while you're starving and people are fleeing the country just to be able to work and get food?
There are a lot of people in Venezuela in bitcoin and altcoins (because they're cheaper) and the government actually seizes their mining rigs because they want people to use the Bolivar only.
We've been researching Venezuela bitcoin and altcoin purchases for awhile now, to see where people in a fallen economy eventually get crypto currencies that can't be controlled by governments.
Nobody trusts the Venezuelan government inside or outside the country though.
A host of practical challenges hinder widespread use of Bitcoin and other cryptocurrencies in Venezuela in lieu of paper currency. But over the past few years, many Venezuelans have embraced the decentralized, censorship-resistant technology as a means of transferring and storing money without being slapped with hefty international transaction fees. The distributed nature of blockchain makes it nearly impossible for governments to alter transaction data or control the network, as long as that network remains decentralized.
https://www.pcmag.com/feature/362486/in-venezuela-cryptocurrency-is-an-oppressor-and-a-lifeline/1
1 Bitcoin = 1,538,325,810,18 Bolívar Venezuelahttps://www.pcmag.com/feature/362486/in-venezuela-cryptocurrency-is-an-oppressor-and-a-lifeline/1
The Venezuelan government also makes crypto currency as a solution to the economic disaster that is experienced today. The crypto currency named Petro was launched some time ago, supported by oil reserves owned by Venezuela.
imagine if there is no cryptocurrency
I'm sure that very soon Nicholas Maduro will take bitcoin as the official currency)
I agree with you men your right in the future they realize the importance adopting of bitcoin as decentralized cryptocurrency easy to use than fiat mony for all transactions using blockchain and internet connection.
Like some other country decide to ban bitcoin but in the end they turning back again to use and allowed people involving in crypto because they realize the importance how help their economy growth using cryptocurrency.
I'm sure that very soon Nicholas Maduro will take bitcoin as the official currency)
Sadly, they have nothing to lose at this point.
I am sure that Venezuela will be the first country where the cryptocurrency will win fiat money! They have no other choice! Inflation is appalling!
A host of practical challenges hinder widespread use of Bitcoin and other cryptocurrencies in Venezuela in lieu of paper currency. But over the past few years, many Venezuelans have embraced the decentralized, censorship-resistant technology as a means of transferring and storing money without being slapped with hefty international transaction fees. The distributed nature of blockchain makes it nearly impossible for governments to alter transaction data or control the network, as long as that network remains decentralized.
https://www.pcmag.com/feature/362486/in-venezuela-cryptocurrency-is-an-oppressor-and-a-lifeline/1
https://www.pcmag.com/feature/362486/in-venezuela-cryptocurrency-is-an-oppressor-and-a-lifeline/1
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