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RE: Decentralized Currency Competition Forcing Better Economic Policy In Developing Nations
"Countries like Venezuela are now doing over 2 million USD a day in bitcoin volume and exposing themselves to far less currency volatility than ever before. " - great and insightful post here @calaber24p... it will be very interesting to see how countries with terrible checkbooks engage with cryptocurrencies and perhaps adopt them as a way to re-stabilize their economies.
I can only hope that crypto will spread mainstream so it has the possibility to do this. If people have access to better ways to store their hard work and savings, they are going to take them.