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/biz/ - Business & Finance


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5097526 No.5097526 [Reply] [Original]

Come out little brainlets, let's have a smart discussion.

Venezuelans are apparently using BTC a lot. It's fascinating because the fees are high, so each transaction must cost them a fortune.

Which current currency has a working product and would be much better suited for them?

Which future currency would theoretically be well suited for countries like theirs?

What would the economic effect be? Could it help stabilizing bad economies?

Why is the Venezuelan government not mining themselves? They have a lot of oil, so cheap electricity is a given.

>> No.5097926

>>5097526
It's actually illegal to mine btc in Venezuala. The government hates their people.

PoS coins would be well suited for them.