Venezuelans have few options but to start using BITCOIN and "Bitcoin just Banned China"...
“We may well be witnessing the first ‘Bitcoinization’ of a sovereign state.” ... according to a recent interview with Daniel Osorio
Venezuelans literally have few options but to start using Bitcoin... which is being called Bitcoinization.
(( Lunch in Venezuela costs about 200,000 Bolivars... about $9 USD ))
Bitcoin only
In order to pay for lunch, locals are beginning to accept only Bitcoin or money wires of foreign currencies. The problem, according to Osorio, is that unlike Zimbabwe and other nations where hyperinflation has taken its toll, Venezuela does not have access to enough dollars to manage the economy.Locals have, therefore, turned completely to Bitcoin in order to function economically. Since Bitcoin is independent of the black market for Bolivars, it represents a fixed exchange platform for business. Near the end of the segment, Osorio says:
Venezuela will likely be the FIRST of many more countries to begin this switch over to Bitcoin AND the Powers that Were (Be)...know this and that is Why they ARE in FULL PANIC Mode and creating as MUCH FEAR as Possible to try keep Bitcoin suppressed.
"You can fool all the people some of the time, and some of the people all the time...
BUT you CANNOT fool ALL the people ALL the time."
AND Guess What... The China Ban is not working AND will not work... Why... one of the reasons is South Korea is taking over the leadership of Bitcoin volume and a new exchange in South Korea called Kakao is likely to become the largest exchange in the world.
Please view this 4 minute video below... it will likely become VERY important for the future INCREASE of Bitcoin Volume...
As mentioned in this video below... "Bitcoin just Banned China"...
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The situation in Venezuela every day is worst. Every week the prices of food increases about 10 or 20 %. Its a madness the situation in Venezuela. God help us. Too much people dont know about bitcoin but there are politic corrupt that are using bitcoin to save its money.
Thank You Covals... this is why I recently started Following You because You live in Venezuela.
This. is. WHY. we are witnessing the Old Paradigm of Global Central Banking doing everything possible to put the world into complete financial disarray, constant confusion AND Un-Certainty...
...to CREATE as MUCH FEAR as possible...because human beings "freeze up" AND are much easier led.
Like a Large Group of Sheep being herded by LOUD, Barking & Biting Dogs... moving the Sheep from one pasture into another pasture.
This is going on in Venezuela... complete AND utter Madness AND Pandemonium !!
THIS is what we are currently Witnessing...
HOWEVER, there are a number of People & Corporations, even some smaller Central Banks that are "Breaking the Ranks"... they NO Longer are willing "to go along to get along"...
They do not want to be the last ones in this game of "musical chairs" when the music STOPS and the world's financial "System" restructures itself...
Masses of People around the Globe are Waking Up because the "dark side" is doing too many "horrifying events", too close together to Create & CAUSE Division... it's becoming blatantly obvious... all we have to do is take a few steps back and use simple logic.
See the GAME they have played many times before... for MANY Centuries...
Divide AND Conquer !!
Thank You Again Covals for writing Your Comment & stimulating my reply...
Cheers !!
Thanks for your words my friend its a difficult situation and too much people are suffering. The venezuelan for first time are leaving the country and families are separated. We never haved lived something like that. Thanks for your comment.
This is so sad. It is the common people that suffer because of the corruption of their leaders. Then there are revolutions and changing of governments. Many times the new rulers are twice as bad as the old.
My heart goes out to the people of Venezuela. They have my prayers.
Good post @sacred-agent. Thanks for sharing with us.
Have you a great weekend! Steem on!
Thank You Sarge... and Yes, Venezuela is a very sad situation...
However, perhaps it will be the beginning of global awakening to the importance of crypto currencies...
Time will tell... Have a Great Weekend Sarge !!
Cheers !!
Last year Stossel interviewed me about this, it's really interesting to see real world use cases for bitcoin in other countries
Thank You 4 sharing Your interview with Stossel...
Am Following You now... Hope You're having a Good Weekend...
Cheers !!
Thanks!!
This is very interesting indeed. Funny thing is also the media do not report on this at all. There is next to no coverage at all in the news reports or newspapers about the plight of the Venezuelan people!
There is hope, Bitcoin will enable people to live and transact freely
This post received a 2.11% upvote from @randowhale thanks to @sacred-agent! To learn more, check out @randowhale 101 - Everything You Need to Know!
He's back and posting! =) So happy to see you posting again, SA, though I'm much too late to give you my upvote love! =(
I wasn't aware of the situation in Venezuela nor that Kakao is potentially taking over the crypto game with its added button. Wow..
What a pace of development! It does seem a little scary to me though how close we are to having a one world currency where every little transaction is easily traced back to you..and all your intended purchases could be controlled that way, if the option of cash or other trading methods lose out someday.
Someone should tell them about bitUSD and HERO - smartcoins in general - less volatility would be beneficial to most economic activity.
This post has been resteemed by @msp-venezuela courtesy of @aggroed from the Minnow Support Project ( @minnowsupport ). Join us in Discord.
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if brother is increasingly scarce food, horita what happens is that there is no gas and affects public transportation. People get up super early to be able to get on time to work. It's ugly everyday.
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