Venezuela is a country in a deep political, social and economic crises which have affected purchasing power of its currency.If the only ambition of crypto is to be more stable than a dysfunctional currency, it is no ambition at all. In fact, this is a favourite talking point of no-coiners - "crypto can play a role in developed/struggling countries, but it offers no value against normal fiat money". Using Venezuela as an example, you just reinforce this point.Remember, that the global economy faces challenges, radically different to those of Venezuela. In the majority of countries, including developing / poor ones, people are struggling to **sell** their goods and services.We've got a very productive global economy which creates a lot of wealth and people struggling to exchange the wealth, because the fiat system deliberately hinders economic opportunities. That's the real problem, not hyperinflation, which is limited to a couple of troublesome countries.
Submitted May 06, 2019 at 09:10PM
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