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RE: Venezuelan Economic Crisis: An Outsider's Perspective
Dear @reverseacid
Such a brilliant (and yet saddening) summary of what is happening in Venezuela. I love how you explained things with very mature and knowledgable approach.
Thank you for sharing this link with me buddy. I will try to help you get some extra traffic to your publication today.
Yours
Piotr
Your support for us is overwhelming, @crypto.piotr !
Thank you for the kind words!
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Hi @reverseacid
How come you guys were interested in topic related to Venezuela?
Cheers
Piotr
Well, when you look at cryptocurrency and what's missing from distributed networks - it's adoption. The public perception in well off countries is that this isn't something that is required as the current system works efficiently.
The situation in Venezuela is a prime example of how something like Bitcoin can help people survive. It highlights the need for censorship resistant money that can run in a seemless way even if an entire country is down?
Moreover, as a economics junkie, this situation has unfolded in an interesting manner. I've wanted to take an in depth look at the cause for Venezuela's fall. At the heart of that research I found just how much their dependence on oil and exported food has put them in a very tight spot
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Wow @reverseacid
Thank you for your kind and amazing comment. I appreciate it very much.
Yours
Piotr