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RE: Bitcoin trading volumes continue to explode in Venezuela

in #bitcoin6 years ago

Any problem in South America is going to be our problem in North America one day. People flee shit like this, we don't want 5 million Venezuelan economic refugees heading north. There are already a ton in Brazil and Columbia. This has the potential to create a Syria level refugee crisis on this side of the ocean.

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Agreed. Perhaps this is the beginning of a global currency, cough cough bitcoin. Every country having their own currency is odd anyways with how connected and global trade has become.

Bitcoin, Steem, and other cryptos will bring a new kind of global social contract.

Is matter of months until our eyes see uprising inflation in the US. Come on, I mean, they've printed more US Dollars between 2000-2018 than in the last century! Talking about inflation and Republicas Bananeras y Petroleras.

Correct, but not much of that has gone out into the real economy. Just sat on the balance sheet of banks and collected risk free interest.