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Topic: Report plagiarism (copy/paste) here. Mods: please give temp or permban as needed - page 15. (Read 118621 times)

legendary
Activity: 1974
Merit: 3049
williamemily

Let’s explore the benefits and advantages of white label cryptocurrency wallet and how they are transforming the way we manage our digital assets.

A white label cryptocurrency wallet is a customizable digital wallet that can be branded and customized by businesses to offer their customers a seamless experience. The Crypto Wallet White Label Solution allows businesses to integrate their branding into the wallet, making it easier for their customers to trust and use their services.

One of the biggest advantages of white-label cryptocurrency wallets is the level of customization they offer. Businesses can add their own unique features, such as multi-currency support, transaction history, and security measures, to ensure their customers have a superior experience.

Another advantage of white label cryptocurrency wallets is that they are cost-effective. Rather than building a wallet from scratch, businesses can simply purchase a pre-built solution and customize it to meet their needs. This saves time and money, and allows businesses to focus on their core competencies while still providing a high-quality digital asset management solution for their customers.

In addition to cost savings and customization, white label cryptocurrency wallets also offer increased security. By leveraging the expertise of a trusted third-party provider, businesses can ensure that their customers' digital assets are protected against cyber threats and attacks. This is critical in today's world where security breaches are becoming more and more common.

Finally, white label cryptocurrency wallets are the future of digital asset management because they enable businesses to quickly adapt to changing market conditions. As the cryptocurrency landscape evolves, businesses can easily update their wallets to incorporate new features and functionality, ensuring that they remain relevant and competitive.

In conclusion, white label cryptocurrency wallets are the future of digital asset management. They offer businesses a cost-effective, customizable, and secure solution for managing their customers' digital assets. As the cryptocurrency market continues to grow and evolve, white label wallets will play an increasingly important role in helping businesses succeed in this exciting new space.

Plagiarized with rewrite from two sources:
1. https://medium.com/geekculture/white-label-crypto-wallet-launch-your-brand-crypto-wallet-7066ec31f244
text.ru detected plagiarism pattern:


2. https://vocal.media/theChain/the-essential-guide-to-white-label-crypto-wallet-development-solutions
text.ru detected plagiarism pattern:
copper member
Activity: 588
Merit: 926
Plagiarism.
User who plagiarizes

tw0.625 Banned

Owner of several accounts, evading a ban.

In addition to this account, also plagiarizes from his alts.

Proof 1 https://bitcointalksearch.org/topic/m.62617719
Proof 2 https://bitcointalksearch.org/topic/m.62563114

Copy

Just theory:

21 million Bitcoin and 100 million Satoshi per Bitcoin  was chosen in order to simplify calculations and involve floating-point arithmetic.

1. 64-bit IEEE754 double, all integers up to 9007199254740992 == 2^53 can be exactly represented. In the range 2^51 to 2^52, the only non-integer values .5
Below 2^51 we also have .25 and .75, so comparing a number with it's rounded counterpart in order to determine if it may be integer or not starts making some sense.
If we want to test whether result may be integer, you must avoid numbers larger than 2^51 == 2251799813685248

Simple test:
Code:
for (uint64_t i = pow(2, 52); i >= 0; i--) {
        double d = i;
        double sat = 100000000;
        double d1 = d / sat;
        double d2 = d1 * sat;
        uint64_t i2 = round(d2);
        if (i != i2) {
            std::cout << i << std::endl;
        }
}
for (uint64_t i = pow(2, 51); i >= 0; i--) {
        double d = i;
        double sat = 100000000;
        double d1 = d / sat;
        double d2 = d1 * sat;
        uint64_t i2 = round(d2);
        if (i != i2) {
            std::cout << i << std::endl;
        }
}

Sure, Satoshi could choose  2200000000000000, but 22 is not triangular number.

2. So, for the purpose of optimizing calculations, he had to choose the triangular number closest to 22 from the sequence: 0, 1, 3, 6, 10, 15, 21, 28,...


Where it was copied from

https://stackoverflow.com/questions/1848700/biggest-integer-that-can-be-stored-in-a-double

copper member
Activity: 588
Merit: 926
Plagiarism.
User who plagiarizes

Chukwudumaga

Copy

A significant surge in cryptocurrency investment has swept across the globe. Every country worldwide is now actively considering their stance on cryptocurrency. Cryptocurrency was even at the center of the US election. Various studies have shown that cryptocurrencies could dominate the economy in the next few years. Despite the political divide in America, Republicans and Democrats agree that cryptocurrencies will dominate the economy of the future. A survey found that more than half (53 percent) of Americans see crypto as the future, including 59 percent of Democrats and 51 percent of Republicans.

Currently, Americans want the regulations for crypto to be more transparent so that they can adopt it better. Republicans and Democrats also agree on the need for regulation to ensure that it becomes a safe investment option for American investors. 4 out of 5 Americans have a positive view of crypto. The acceptance of crypto among the American youth is so high that the American government is also paying special attention to it. A majority of older voters among American citizens also believe that crypto will create a more equitable economy with less reliance on banks and financial intermediaries. Crypto is currently the top investment choice for people aged 18 to 40 in this country. In almost every country in the world, the positive attitude towards crypto is increasing day by day, as a result of which cryptocurrency is going to play an important role in the economy in the future.

Will you agree with the thought that cryptocurrency is going to make a significant contribution to the economy of every country in the world ?

Where it was copied from

https://claimfreecoins.top/will-cryptocurrency-control-the-future-economy/





legendary
Activity: 2072
Merit: 4265
✿♥‿♥✿
Plagiarism

User: Black susano


It's amazing how a user does not draw the right conclusions from the blocking of their early accounts. But I've caught him plagiarizing before. After blocking the King GK account, he recreates another Cassandra Robert. And now there is plagiarism on the Black Susano account.
Good find, acroman08. I expected that his next account would also plagiarize, and I was not mistaken. These people don't change.

https://bitcointalksearch.org/topic/m.61859149
https://bitcointalksearch.org/topic/m.61882774


legendary
Activity: 2436
Merit: 1104
Plagiarism

User: Black susano
Copy: https://bitcointalksearch.org/topic/--5463869 (archived)
Original: https://bitcointalksearch.org/topic/crypto-books-podcasts-5361243 (archived)
Update: the user has now been Banned

OP shared a link but it just directs to an article that suggests some more books about Bitcoin, it is not the source of the content he posted.

Copy

Hey crypto fans,

What are the best crypto books and podcasts for newcomers looking to learn about the subject?
Here’s a list of some to help you quickly scale the learning curve.

Crypto books

* The Bitcoin Standard (Saifdean Ammous)  
If you're looking for a well reasoned argument for Bitcoin, read the Bitcoin Standard.
Regarded as one of the best cases for Bitcoin it analyses the historical context, the economic properties and future implications.

* Mastering Bitcoin (Andreas Antonopoulos)  
Mastering Bitcoin is one of the most comprehensive and thoughtful guides to what Bitcoin is, who might use it and how it works.
Great for anyone thinking about it from a coding perspective or simply wanting to see under the hood.

* The Infinite Machine (Camila Russo)  
A great insight into the origins and history of Ethereum written as a narrative focused on the characters, their motivations and the drama,
rather than technical details. If you like Michael Lewis (Flashboys, The Big Short) you’ll love this.

* The Price of Tomorrow (Jeff Booth)  
Jeff Booth's book isn’t explicitly about crypto, but he clearly had it in mind presenting a compelling argument
for how deflation is the only sensible route out of the mess that fiat money has landed modern economies in.

* Where does money come from? (Josh Ryan-Collins)  
Crypto is described as the antidote to uncontrolled central bank money printing, but what does that really mean,
and where does money actually come from? Read this book for an answer that is fascinating and surprising in equal parts.


Crypto podcasts

* What Bitcoin Did
Peter McCormack has developed one of the most listened to Bitcoin podcasts by combining an engaging, relaxed style with great content.
He isn’t the most technically sophisticated, which is why the show works so well for newcomers.

* The Pomp Podcast
Anthony Pompliano, commonly known as The Pomp - is one of the biggest cheerleaders in the Bitcoin space.
An aggressive crypto advocate, his style isn't to everyone’s taste, but he pulls no punches and is fully invested.

* The Breakdown
Approaching 100 episodes, Coindesk’s flagship podcast, hosted by Nathaniel Whittemore,
provides a daily cross-section of the biggest stories in crypto, deftly mixing up short 15 minute daily bites, with interviews and long reads.

* Unchained
Running since 2016 ‘Unchained’ is one of the oldest and most respected crypto podcasts out there.
Laura Shin has great journalistic pedigree, as the first mainstream reporter to cover crypto assets full-time.

* Bitcoin Fundamentals
Preston Pysh hosts a collection of Bitcoin focused podcasts within a wider network of investment related content.
Actively managing a portfolio, Pysh takes a deep dive into the overlap between macro economic issues and Bitcoin.


This is just a short selection, there are plenty of others.
For more
https://www.investopedia.com/articles/personal-finance/092916/top-6-books-learn-about-bitcoin.asp



 What books/podcasts do you recommend?




Original
Hey crypto fans,

What are the best crypto books and podcasts for newcomers looking to learn about the subject?
Here’s a list of some to help you quickly scale the learning curve.

Crypto books

* The Bitcoin Standard (Saifdean Ammous)  
If you're looking for a well reasoned argument for Bitcoin, read the Bitcoin Standard.
Regarded as one of the best cases for Bitcoin it analyses the historical context, the economic properties and future implications.

* Mastering Bitcoin (Andreas Antonopoulos)  
Mastering Bitcoin is one of the most comprehensive and thoughtful guides to what Bitcoin is, who might use it and how it works.
Great for anyone thinking about it from a coding perspective or simply wanting to see under the hood.

* The Infinite Machine (Camila Russo)  
A great insight into the origins and history of Ethereum written as a narrative focused on the characters, their motivations and the drama,
rather than technical details. If you like Michael Lewis (Flashboys, The Big Short) you’ll love this.

* The Price of Tomorrow (Jeff Booth)  
Jeff Booth's book isn’t explicitly about crypto, but he clearly had it in mind presenting a compelling argument
for how deflation is the only sensible route out of the mess that fiat money has landed modern economies in.

* Where does money come from? (Josh Ryan-Collins)  
Crypto is described as the antidote to uncontrolled central bank money printing, but what does that really mean,
and where does money actually come from? Read this book for an answer that is fascinating and surprising in equal parts.


Crypto podcasts

* What Bitcoin Did
Peter McCormack has developed one of the most listened to Bitcoin podcasts by combining an engaging, relaxed style with great content.
He isn’t the most technically sophisticated, which is why the show works so well for newcomers.

* The Pomp Podcast
Anthony Pompliano, commonly known as The Pomp - is one of the biggest cheerleaders in the Bitcoin space.
An aggressive crypto advocate, his style isn't to everyone’s taste, but he pulls no punches and is fully invested.

* The Breakdown
Approaching 100 episodes, Coindesk’s flagship podcast, hosted by Nathaniel Whittemore,
provides a daily cross-section of the biggest stories in crypto, deftly mixing up short 15 minute daily bites, with interviews and long reads.

* Unchained
Running since 2016 ‘Unchained’ is one of the oldest and most respected crypto podcasts out there.
Laura Shin has great journalistic pedigree, as the first mainstream reporter to cover crypto assets full-time.

* Bitcoin Fundamentals
Preston Pysh hosts a collection of Bitcoin focused podcasts within a wider network of investment related content.
Actively managing a portfolio, Pysh takes a deep dive into the overlap between macro economic issues and Bitcoin.


This is just a short selection, there are plenty of others. What books/podcasts do you recommend?

Thanks,
Karl from Bitcasino


copper member
Activity: 588
Merit: 926
copper member
Activity: 588
Merit: 926
Plagiarism.
User who plagiarizes

KaizenJujustsu Banned

Copy

There are so many ways that you can make money online.

Freelance work
You can create YouTube channel too
Create Blog
Become an influencer
Become an a good streamer
Captcha
You can also sell your old clothes through online too

Nowadays, almost anyone can make money online. If you are wondering how to make money online, you need to focus on what you are already good at. You have talents that a lot of other people would love to have, and you need to lean on them if you would like to make money online. Just be careful because there are so many scammer right now.

Where it was copied from

Gambling is not a one shot trade. You are suppose to gamble day after day after day. So I think the main rule is to protect your capital. If you have $100 in your pocket, bet $1. If you have 1000 at your disposal, bet 10 on each game. Make sure you don’t go broke. And if you wanna learn from your past mistakes, write down everything you can. At least every single bet you take into a spreadsheet of some sort. This is the only way to have an impartial history of your performance.

Where it was copied from

Ethereum is a decentralized blockchain platform that allows developers to create and deploy decentralized applications (dApps). Ethereum uses a consensus algorithm called Proof of Stake (POS), which is designed to be more energy- efficient and decentralized than Bitcoin's Proof of Work (PoW) algorithm.

Where it was copied from

Ethereum is a decentralized blockchain platform that allows developers to create and deploy decentralized applications (dApps) using smart contracts.
legendary
Activity: 1974
Merit: 3049
Owagee, plagiarism with slight rewrite.

Plagiarized post:
While trading can be profitable, it's not the only way to earn profits from cryptocurrency investments. New investors can also make potential profits by buying and holding cryptocurrencies. This strategy involves purchasing a cryptocurrency and holding onto it for a period of time in the hopes that its value will increase. This is a simple and popular technique that can be effective if you invest in the right project. Therefore, I believe the idea that new crypto investors can only earn from trading is a myth.

Pattern of plagiarizing:


Originated from: https://www.linkedin.com/pulse/5-useful-tpis-invest-cryptocurrencies-safely-muhammad-jahangir-ashraf/

Well aside the financial freedom I’ll enjoy, another strategic area I’ll talk about is Privacy and Security that got me attracted to cryptocurrency was the heightened levels of privacy and security it offers. The thing here is Unlike traditional financial systems, where personal information is required for every transaction, cryptocurrency allows for more anonymous transactions. By employing blockchain technology, cryptocurrencies ensure that transactions are secure, transparent, and immutable. This element of privacy resonates greatly with me and gives me peace of mind that my financial transactions will not be exploited or tracked.

Originated from:
1. https://allabouteverything.xyz/the-benefits-of-using-cryptocurrency/
Quote
One of the most significant benefits of using cryptocurrency is the anonymity it provides for transactions. Unlike traditional financial systems, where personal information is often required to complete transactions, cryptocurrency transactions can be anonymous or pseudonymous. This anonymity makes cryptocurrency transactions less vulnerable to identity theft and fraud, as users do not have to disclose their personal information to complete a transaction.

2. https://blog.xunika.uk/?p=2663
Quote
By leveraging blockchain technology, cryptocurrencies ensure that transactions are recorded in a secure and immutable manner, eliminating the need for trust in third parties and centralized authorities.
copper member
Activity: 588
Merit: 926
Plagiarism.
User who plagiarizes

This fellow uses programs to paraphrase text, I think so. I will not highlight the coincidences, someone who knows English can see that the original text was slightly paraphrased.

Benpluto Banned

Copy

Manchester United's opening proposal for Andre Onana was £38.5 million (€45 million), but Inter Milan values the goalkeeper at £51 million (€60 million), so the parties are attempting to reach an agreement. The 27-year-old ex-Cameroon international joined Inter on a five-year deal from Ajax last summer. Inter director Piero Ausilio has stated that offers for Onana will be considered as the club looks to acquire funds to support a move for Chelsea striker Romelu Lukaku.

Where it was copied from

Tottenham's all-time leading scorer, Harry Kane, has 280 goals in 435 games; Spurs academy graduate poised to leave boyhood club for Bayern Munich; Brentford vs. Tottenham Hotspur live on Sky Sports Main Event and Premier League from 1pm; kick-off 2pm. At around 3 p.m., the Tottenham captain was notified that the move had been agreed and that he could travel to Munich for his physical. Kane's aircraft took off shortly before 5 p.m. in the United Kingdom. Tottenham and Bayern Munich will pay an initial £86 million fee for Kane, with add-ons pushing the price close to £100 million - a Bayern and Bundesliga record amount. Kane made his decision after learning that the teams had reached an agreement on Thursday.

Where it was copied from

Mauricio Pochettino, the current Chelsea manager, getting acquainted with his players, he has confirmed that he intends to meets the Ukraine international, Mykhailo Mudryk before the club departs for pre-season. Pochettino began his new job as Blues manager this week, taking over for Graham Potter. "I'm going to meet Mudryk before he comes to pre-season," Pochettino added.
"I really like to see and know him, and then design the best strategy to help him reach the level that Chelsea expects."

Where it was copied from

Chelsea manager, Mauricio Pochettino, has revealed that he plans to meet Mykhailo Mudryk before the club flies out for preseason.

Pochettino officially resumed work as the new Blues boss this week, replacing Graham Potter in the hot seat.

Pochettino said: “I am going to meet Mudryk before he comes to pre-season.

“I really like to see and to know him, and then to design the best strategy to help him to be at the level that Chelsea expects.”
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copper member
Activity: 588
Merit: 926
hero member
Activity: 1624
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Bitcoin To The Moon 📈📈📈
Plagiarism
user: Hardkoin Banned

The USD, as an example, was previously backed by a specific amount of gold, and people could convert one into the other. President Richard Nixon in 1971 ended the gold standard in the United States.

Well-known examples of fiat currencies include examples of fiat currencies include the US Dollar (USD), Euro (EUR), Japanese Yen (JPY), British Pound (GBP), and many others.

If a hacker gains enough computing power to control more than half of the total computing power on the network

(POW) can solve the required cryptographic puzzles faster than other nodes.

Note that this node uses special hardware and software representing the transaction verification method of the POW algorithm

they can manipulate transaction history and cause twofold spending.

Quote
They can then manipulate transaction history and cause double spending.
Source: https://www.devteam.space/blog/can-blockchain-be-hacked/
copper member
Activity: 588
Merit: 926
Plagiarism.
User who plagiarizes

blackpink105 Banned

Copy

En un tuit, Allaire afirmó que alrededor del 70% de la adopción de USDT se está produciendo en mercados no estadounidenses, en particular en regiones emergentes y en desarrollo como Asia, América Latina (LATAM) y África. Esta tendencia también se observa en el emisor rival de stablecoin Tether, cuyo Director de Tecnología, Paolo Ardoino, destacó la relevancia de USDT como herramienta segura para los mercados emergentes y los países en desarrollo.
Mientras PayPal anunciaba el lanzamiento de su stablecoin con paridad en USD, PayPal USD (PYUSD), Allaire elogiaba la entrada de una gran empresa de pagos e Internet en el espacio de las stablecoins, considerándola un avance positivo vinculado a la claridad normativa.
Sin embargo, se ha producido un descenso de la oferta de USDC desde principios de 2023 debido a la disminución de la demanda y al aumento de los reembolsos, lo que ha provocado una reducción de la cuota de mercado de stablecoin de tan solo el 21%. A pesar de esto, el CEO de Circle aseguró que la red global de banca y liquidez de la compañía se está expandiendo, y que están colaborando con bancos de renombre en varias regiones de todo el mundo.
En cuanto a la preocupación por la liquidez de los USDC, Allaire reconoció que los reembolsos estaban superando a las emisiones, con 6.600 millones de USDC reembolsados frente a los 5.000 millones emitidos el mes pasado.
En un informe de transparencia, Circle reveló que su fondo Circle Reserve Fund mantiene el 93% de su cartera en bonos del Tesoro de EE.UU. a corto plazo y acuerdos de recompra del Tesoro de EE.UU. a un día, mientras que el 7% restante son reservas de efectivo en bancos.
En general, el enfoque de Circle en los mercados no estadounidenses está impulsando una adopción significativa de USDC fuera de Estados Unidos, lo que pone de relieve la creciente importancia de las stablecoins en las economías emergentes.

Where it was copied from

https://cryptocity.press/noticias/el-70-de-la-adopcion-de-usdc-procede-de-fuera-de-estados-unidos-dice-el-ceo-de-circle

Copied phrases from the original.

copper member
Activity: 588
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Plagiarism.
User who plagiarizes

ripemdhash

Copy, slightly edited for myself

BTC Address contains 34 symbols (numbers and letters), this means the difficulty is equivalent to 34 multiply 5.1699 (Entropy per symbol for different symbol sets) which is equal to 176 bit, this means that there are 2¹⁷⁶ = 95 780 971 304 118 100 000 000 000 000 000 000 000 000 000 billion combinations to obtain wallet similar to 188888888ikzoy8jmR2byT4WoQsycLxeUH

The chance that this man was lucky to have a second wallet with similiar "18888888" is equivalent to 1/ 95 780 971 304 118 100 000 000 000 000 000 000 000 000 000 billion. Simply mind boggling.

or Am I wrong?

Where it was copied from

Sergei Mavrodi wallet contains 34 symbols (numbers and letters), this means the difficulty is equivalent to 34 multiply 5.1699 (Entropy per symbol for different symbol sets) which is equal to 176 bit, this means that there are 2¹⁷⁶ = 95 780 971 304 118 100 000 000 000 000 000 000 000 000 000 billion combinations to obtain wallet similar to 1MavrodizxWNx9gguZzDUKBeHehfhy1goX, in other words practically impossible.

The chance that Sergei Mavrodi was lucky to have a wallet with his name equivalent to 1/ 95 780 971 304 118 100 000 000 000 000 000 000 000 000 000 billion. Simply mind boggling.
hero member
Activity: 504
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Top Crypto Casino
Plagiarism.
User who plagiarises

dogecoin91doge

Technically, he even admits himself that he copied that information by sharing the link to the source. It is still plagiarism though, he added nothing from himself.
-snip
as far as I know, as long the user provides the source of the content it will not be considered as plagiarism by the mods even if the user didn't add anything to it when they posted the content here in the forum.

Thank you for letting me know this! I will keep it in mind, although I think such posts even with the provided link have every right to be called plagiarism.

Nevertheless, dogecoin91doge plagiarised in his other post and this time without mentioning the sourse




legendary
Activity: 2436
Merit: 1104
Plagiarism.
User who plagiarizes

dogecoin91doge

Technically, he even admits himself that he copied that information by sharing the link to the source. It is still plagiarism though, he added nothing from himself.
-snip
as far as I know, as long the user provides the source of the content it will not be considered as plagiarism by the mods even if the user didn't add anything to it when they posted the content here in the forum.
hero member
Activity: 504
Merit: 816
Top Crypto Casino
Plagiarism.
User who plagiarizes

dogecoin91doge

Technically, he even admits himself that he copied that information by sharing the link to the source. It is still plagiarism though, he added nothing from himself.

Copy

Analyst Shares 5 Altcoins That He Called ‘Great Trading Opportunity’!

Where it was copied from

Analyst Shares 5 Altcoins That He Called ‘Great Trading Opportunity’!

hero member
Activity: 1260
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Leading Crypto Sports Betting & Casino Platform
Plagiarism.
User who plagiarizes

Bebe22
-

Another plagiarism post of this user here https://bitcointalksearch.org/topic/how-do-i-secure-my-wallet-5455947

You should do these to secure your wallet :

1. Choose a Reliable Wallet.

2. Enable Two-Factor Authentication (2FA).

3. Use a Strong, Unique Password: Create a strong and unique password for your Bitcoin wallet. Avoid using common phrases, personal information, or easily guessable passwords.

4. Keep Your Software Updated.

5. Backup Your Wallet.

6. Be Cautious with Online Security.

7. For enhanced security, consider using cold storage solutions. Cold storage refers to keeping your wallet's private keys offline, disconnected from the internet. Multi-signature wallets may also be an option to consider, where multiple signatures are required to authorize transactions, minimizing the risk of a single point of failure.
Always remember, securing your Bitcoin wallet is an ongoing responsibility, so it's important to stay updated with the latest security practices and protocols. Regularly review and reassess your security measures.

He copy his post on this article https://www.bitcoinsensus.com/10-essential-steps-to-safeguard-your-crypto-wallet-from-hacks-and-cyber-attacks/ by copying only the key points and remove the details.
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Plagiarism.
User who plagiarizes

kulagina Banned

Copy

Conditions such as nightmares, bedwetting, insomnia and restless leg syndrome are some of the issues which can disturb an individual while they are trying to sleep or rest.

Where it was copied from

Conditions such as nightmares, bedwetting, insomnia and restless leg syndrome are some of the issues which can disturb an individual while they are trying to sleep or rest.
copper member
Activity: 588
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Plagiarism.
User who plagiarizes

Bebe22

Copy

This post actually reminds me of the year 2008, which had the worst economic disaster in history, crumbling the world's financial and banking services. Pseudonymously, Bitcoin was released on the 31st, October of that same year as a financial alternative. Whether, it happened intentionally or coincidentally, the thing is, Bitcoin came as a financial saviour to countries with extremely bad economies.
Take Venezuela for example, a country that suffered from one of the worst economic crises in modern times. Their political instability and distorted monetary policies caused extreme hyperinflation and have diminished the value of their fiat currencies to practically nothing. Inflation in Venezuela was 1,700,000% in 2018.
Many people have no other option to retain their wealth and many have resorted to using bitcoin as a store of value to hedge against their eroding local currency. Adoption has soared in Venezuela, ranking 3rd on Chainalysis’s Global.
Bitcoin has served as alternative to fiat money, and also reduced the stress and cost of passing money through financial institutions.
In my opinion, it has also reduced inflation in many countries, cause the more you exchange your fiat money for Bitcoins and store them,  the less the supply of money in the economy.
Other benefits include: Job Creation, Technological Innovation, teaching investments and how to monitor the market.....and many others.

Where it was copied from

The 2008 Financial Crisis in the United States was one of the worst economic disasters in history, crumbling the world’s financial and banking system.

Safe Haven for Troubled Nations Troubled countries such as Venezuela, Zimbabwe and Argentina are suffering from one of the worst economic crises in modern times. Their political instability and distorted monetary policies caused extreme hyperinflation and have diminished the value of their fiat currencies to practically nothing. For example, inflation in Venezuela was 1,700,000% in 2018.

Many people have no other option to retain their wealth and many have resorted to using bitcoin as a store of value to hedge against their eroding local currency.


How to Bitcoin adoption has soared in Venezuela, ranking 3rd on Chainalysis’s Global Crypto Adoption Index in 2020.23
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