RE: A Healthy Financial Culture: People Help the People
You know, now I started powering up steem, I got 40$ that I needed kind of but said no, let's invest, especially its bull market, with these sentiments of people wanting stability with the fiats of their respective countries devaluing.
I have one doubth here - the Venuzulean people, convert their cryptos into fiat?,...but their fiat is worthless right, thought they are forced by circumtances to hold on to cryptos.
that being said, I do appreciate crypto community and it can do a lot of good.
For ex, Iran getting fireign aid through crytpos as the international account is blocked because of US sanctions.
https://staging.busy.org/@mintymile/crypto-aiding-iranian-people-affected-by-floods
So, crypto is helping people in need of aid for sure and its beautiful. The role of crypto community is also important.
Lovely article, re-blogging it.
I totally understand what you imply, except, atleast in Venezula crypto is not banned so people can transact in crypto which is useful for them because even if cryptos are volatile, its better than a gone collapsed fiat currency.
Right now... its Paramount to hold not trade, some amount of your savings coz in few years time good cryptos will rise in value - btc, eth, ltc even these basic ones, if we can't you know research deeper. And yes Dash as well!!!
Now, people,institutions are going to use crypto practically, and this is some free economy, which is exciting. Though, that being a great cause having cryptos and blockchain have useful practical use cases to be adopted, there will be greedy investors, some just in for making money so they will invest in deriative products given by 3rd party institutions.
These go hand in hand... anyway.
Yes, I think there will be always the greedy ones, but if we keep developing relationships and dynamics of reciprocity and solidarity, we could build economic streams very good for our groups.
The case of Iran is highly meaningful: When the powerful people of the world fight each other, they use us, the people, as their bullets and shields. We are trapped in the political games and we are the most affected.
So if we can use blockchains to withdraw ourselves from their sick games, it is already a kind of freedom... practical, real freedom.
Well, in Venezuela we need the official currency (VES) of the country to buy stuffs, so we do exchange our cryptos for VES. But we avoid to hold much of that fiat currency because, as you said, it is indeed worthless. The inflation makes its value lesser from one day to another (sometimes even from one hour to another).
Instead, we try to hold fiat currencies of other countries... mainly USD. And that led us to a "dollarization" of our national economy: you can buy things with US dollars almost everywhere in Venezuela, and everyone prefers that. We prefer to hold USD because our money doesn't devalue. It is our "stable coin".
The beautiful news are that many people are coming to accept cryptos directly in their business. So, we could buy our stuffs with them.
But the official acceptance of cryptos is relative. They "accepted" crypto but they put conditions to control the whole flow of it. They put "limits" on the amount we can receive, and they command to perform every transaction only by platforms of the government.
They want to keep us in the most miserable conditions, so that we remain dependent on them forever.
Yes, I really feel for the Venezueleans... hope everything becomes ok. It is unfortunate, that dialy life of people is affected by the Govt. , totally not cool, and I can see why people will choose an alternate way to keep currency and transact.
I hope there is a blockchain solution, or people save accordingly for their future.
I am unfortunately at times a little greedy, seeing cryptos that they would rise up in value for investments, but somewhere I really like crypto being useful in the real world, and I really happy its giving ways for people to get aid when things are uncertain, that gives me more happiness than even my crypto investments going up for sure,
Keep up the good work in sprading the good word. My only problem is Govt. control and regulation, I can't use crypto in my Indian country for anything, and it maybe banned, so only use case I can find for it is hold and sell, But there is also the blockchain technology aspect, and that would find its ways anywhere as Govts. need it, weather crypto makes it or not and that will pave the wave for some crypto penetration in countries I guess ultimately.
Yes, I also believe that the governments will have to accept the new structures brought to our societies by the crypto revolution. It is simply the future.
Of course, the status quo always resists against changes, and sometimes that means violence (mostly in the hands of the States). That's a real problem.
Please be careful and prudent!