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RE: A reminder why Bitcoin matters...
Such a good article. I agreed 100% things in Venesuela are terrible. Their country currency becomes worthless, people are starving and all country's infrastracture is damaged for atleast 50 years in the row. Country and people suffering from Venesuela Leaders and hyperinflation, situation not change yet today its CRITICAL.
Bitcoin is Crypto save haven and in events like this the value keep increase exponentially. Bitcoin will and are better then gold just need some to time till mainstream realize this.
Again, thank you so much for this article!
Yes, but it is more than just storing value. It is controlling your own wealth. If someone else is holding it for you, you may not have the control you think you have...
at least we store our own private keys in hardware wallets. Good point!
I just remember the same situation with USA in monetary system-called Gold Standart, and thing was that average person was not aloud to stack,sell, buy or even hold physical precious metals. The Governments give people penalties and put them to prison if they brake the laws.
How stupid it sounds, but that is written in our history.
Yep, that is correct.
Sure, but people starving because of sanctions.
It is same game we see everywhere, where governments stopped selling their oil for dollars.
In none of those countries where the US brought "democracy" and "freedom" is anything better since. Neither in Afghanistan, nor Irak nor Libya.
I do not know a lot about Maduro. Have no Idea if he es a good President or not. But he was elected even after the US called for boycott, gave the Russians mining rights for gold, stopped selling oil for Dollars and disagreed to an unfair free-trade agreement with the US.
So guess who want to see this man dead.
I remember there also were some discrepancies when Bush was elected.
And Washington taught us by the way:
thou shalt not meddle with other countries elections
Yea I wouldn't blame what is going on in Venezuela on the US in the least...
Venezuela isn't a mess just because of foreign interventionism. It is one of the most fertile regions on the planet, it is rich in natural resources, and it is still crippled by a belief in the need for a strong central government with a command economy.
Great point.
Venezuela is the clear global leader in oil reserves
While the United States is the production leader, its reserves are only 10 percent of what Venezuela has.
The World’s Largest Oil Reserves By Country
(ten) United States - 39,230 million barrels
Read more: https://www.upi.com/Venezuela-is-the-clear-global-leader-in-oil-reserves/9251533031601/#ixzz5dqEp5Svf
Read more: https://www.worldatlas.com/articles/the-world-s-largest-oil-reserves-by-country.html
Is the other guy (claimed himself President) really better? He is called to be "far right" and ready for privatisation. Maybe only a few will profit but the majority continue to suffer.
I really do not know. Will go to get some more popcorn for this ....
"Privatization" usually means not free markets, but corporate cronyism.