This hits home hard as I have lived in Venezuela for 32 years and had work abroad to get ahead as there is nothing I Venezuela for me to do to make ends meet. I work in the oil and gas industry worldwide and also have my own blockchain gaming community since last year and also started a new nft project which I have Venezuelan scholars benefitting from my blockchain gaming scholarships for example from games like Axie Infinity, Splinterlands, Binamon and Overlord World. I live abroad at the moment but my wife and kids are in Venezuela at the moment and I am trying to get them out of Venezuela. I do dream about things getting better and returning to Venezuela and to use my specific skill set to get the Venezuela oil and gas industry back on track. Thx for sharing this article and God bless you brah and I hope you are doing well!
1) You are completely unaware that crypto will only benefit those in power, connected to power or have access to resources to sell.
2) You ARE one of those listed in 1)
That an autocrat took power and is benefiting massively (see his own crypto project) from anything crypto is undisputed.
I do, however, sympathize massively with what has happened in Venezuela. But not learning the lessons and trying to find a gimmick around the downsides is not ever going to put Venezuela back in the category of a well-governed, aspiring fair-and-prosperous liberal democracy.
Instead, it will permanently entrench it in Autocracy and Kleptocracy.
Venezuela has taken a step that no one has dared and it's look progressing well, I hope these will set an example for other countries. Thank you for the article.
Let's be clear: El Salvador's experiment was, as you might expect, implemented over the objections of the elected parliament and the overwhelming negative opinion of the population.
They are not stupid. They know who will benefit most, if not entirely, in the end: the autocrats and family and friends and those with access to the resources of the country who what to sell these without any accountability.
Even those who weren't quite clear about their position are in revolt: Why would you use an asset that fluctuates minute by minute to try to buy or sell even your groceries?
If, instead of being hoodwinked and misinformed by those who profit, you had asked whether El Salvadorans wanted even more volatility in their daily use of money, I don't think you need a pollster to get to nearly 100% NO.
really good topic... nice coverage
This hits home hard as I have lived in Venezuela for 32 years and had work abroad to get ahead as there is nothing I Venezuela for me to do to make ends meet. I work in the oil and gas industry worldwide and also have my own blockchain gaming community since last year and also started a new nft project which I have Venezuelan scholars benefitting from my blockchain gaming scholarships for example from games like Axie Infinity, Splinterlands, Binamon and Overlord World. I live abroad at the moment but my wife and kids are in Venezuela at the moment and I am trying to get them out of Venezuela. I do dream about things getting better and returning to Venezuela and to use my specific skill set to get the Venezuela oil and gas industry back on track. Thx for sharing this article and God bless you brah and I hope you are doing well!
There are 2 possibilities here:
1) You are completely unaware that crypto will only benefit those in power, connected to power or have access to resources to sell.
2) You ARE one of those listed in 1)
That an autocrat took power and is benefiting massively (see his own crypto project) from anything crypto is undisputed.
I do, however, sympathize massively with what has happened in Venezuela. But not learning the lessons and trying to find a gimmick around the downsides is not ever going to put Venezuela back in the category of a well-governed, aspiring fair-and-prosperous liberal democracy.
Instead, it will permanently entrench it in Autocracy and Kleptocracy.
the only key to salvation
The adoption of crypto grows everyday in Venezuela due to hyperinflation and the messed up economy.
Tough times also provide a way for innovation to thrive and find solutions to most problems.
Venezuela has taken a step that no one has dared and it's look progressing well, I hope these will set an example for other countries. Thank you for the article.
Let's be clear: El Salvador's experiment was, as you might expect, implemented over the objections of the elected parliament and the overwhelming negative opinion of the population.
They are not stupid. They know who will benefit most, if not entirely, in the end: the autocrats and family and friends and those with access to the resources of the country who what to sell these without any accountability.
Even those who weren't quite clear about their position are in revolt: Why would you use an asset that fluctuates minute by minute to try to buy or sell even your groceries?
If, instead of being hoodwinked and misinformed by those who profit, you had asked whether El Salvadorans wanted even more volatility in their daily use of money, I don't think you need a pollster to get to nearly 100% NO.
Those poor people.
Would really like to give this app and crypto a try. But it doesn't work in Ecuador.