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A comment on Leveraging Bitcoin to Solve Venezuela’s Hyperinflation.

Re:Leveraging Bitcoin to Solve Venezuela’s Hyperinflation by prodikl on Friday February 16, 2018 @04:04PM (#16396238)
lots of negativity here. i think it's a cool idea, and i hope he runs with this. if you're problem with bitcoin is "it's not quite perfect enough" then that's a bad reason to not attempt this

it has obvious benefits (and some cons) over the bolivar or a foreign fiat currency, but ya know, baby with the bathwater

i look forward to seeing where this goes

but i do agree about LN mainnet not being appropriate to use yet

[ Parent | on HN ]
Re:Leveraging Bitcoin to Solve Venezuela’s Hyperinflation by ufo on Friday February 16, 2018 @04:32PM (#16396569)
The problem with Venezuela isn't just inflation. Inflation is a symptom of the political and economical chaos they are going through. Before you can attempt to fix their inflation you need to first get them out of the borderline civil war they are going through.

This is also not the first time I see these suggestions that bitcoin is going to solve all of Venezuela's troubles. Overall these suggestions strike me as foreign bitcoin holders hoping that the venezuelans will push up the value of their speculative investment.

[ Parent | on HN ]