Once again STEEM White paper teaches us why Venezuela economy is in shambles
While looking at the code i had to go and read the White paper again, and I noticed the link on page X to the wikipedia article and it is funny as it describes exactly why Venezuela lost its Sovereign monetary policy the goverment then tried to control capital flow to recover soverignatiny and of course feiled and now basically there is no economy left and the prices have been dolarized and even in dolar hyperinflation is happening.
To me Blockchain economy is a fast way to validate country wide economic policies as things happen ten times faster in the digital world.
La economía de Venezuela no sirve para nada, yo creo que con los billetes con que jugábamos de niños con los papeles de cigarro vale mas que los billetes de ahorita. (y en realidad valen mas :P)
ASi es chamo !
Tiempo sin verte por alli
When I first read the whitepaper I was really surprised at how much I was learning about economy! The designers really put some thought into it. :) Sometimes people criticise the blockchain using socialist ideas about equality but I think they want to come and destroy Steem, too. Destroying countries is not enough. :D
Hi @cryptosharon. I used to criticise steemit but I didn't take the time to read the whitepaper. I found that as a community we should help to keep the parity between SBD and USD by minimizing the impact of fraudulent price feeds:
I think that people who like socialism should put their ideas in context with the whitepaper and the numbers. Everything sounds good until you make some numbers :)
People who like socialism usually just think this.
lol, this picture explains all! :)