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Author Topic: Why are Venezuelan not switching to Bitcoin?  (Read 12347 times)
Jake.bluees
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January 29, 2018, 04:18:38 PM
 #281

Because the governments do not agree with losing the monetary control over their inhabitants, principally the government of Venezuela, which is absolutely dictatorial. To do so would be to give the Venezuelan inhabitants financial independence.
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andrei214
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March 08, 2018, 12:21:23 PM
 #282

The Venezuelan people are suffering under high inflation (official inflation rate is 124%, inofficial rate is 720%). Why do they not switch to Bitcoin or alternative coins? Do they not know about Bitcoin or do they do not have access to Bitcoin buying options? This is really a mystery for me  Undecided
Maybe one of the reason is that, they are scared to try and take risk with bitcoins.If they doesnt havw sufficient idea with what is bitcoin and they didnt see it as option or solution, they arent going to switch in it.

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March 08, 2018, 07:54:29 PM
 #283

Stop being ridiculous. We all know that the government will never ever accept bitcoin as a main currency because they can not control this currency. Moreover, no one will use anonymous cryptocurrency for a country system

The Venezuela government has been choked of US dollars to such an extent they are now accepting all crypto to their government agencies.   I dont know they are allowing their citizens proper access but I believe its possible that might be a secondary effect.

Heres a thread on Petro a new currency being setup by their government to be linked to national oil sales - https://bitcointalk.org/index.php?topic=3006037.0






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