Quote from the article: So let me, as someone who used bitcoin to survive in Venezuela, clear up the misconceptions: Bitcoin can’t fix the situation in Venezuela."
Personally, I never actually saw bitcoin to be the sort of "saving grace" that would fix Venezuela. I think bitcoin is too young to have such an effect. I only saw bitcoin, on it's current state(price volatility, low adoption, etc), as a temporary solution to at least make their lives slightly better, by having something to earn, and something as a hedge against the hyper-inflated bolivares.
There are a lot of people who do.
Even worse there are a lot of people who rejoice when seeing a country going in flames by thinking those will buy
BTC and so they will get rich.
And worse, there are people praying for disasters, an economic crisis so that their stash would be worth millions.
Of course
BTC won't save Venezuela, no coin can save Venezuela, the gold standard can;t save it, countries have gone bankrupt for centuries with it, at this point nothing can
save it.
It's going to be a long and painful recovery that at some points will be even worse than the first years of the crisis and many will regret it, I've seen this before, this one will be no exception.
Venezuela has been a great testing ground for the proliferation of Bitcoin. I think in times of turmoil, Bitcoin has risen to give the people power. In Venezuela, the people are empowered with the choice of being able to utilize Bitcoin.
Oh yeah, tell me more about this power
BTC gave to poor people that couldn't buy even one m
BTC.
They are oozing with power, I can feel their aura even here in Europe.
