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RE: Crypto: Hope for Venezuela?

in #crypto6 years ago

I am very happy to see people in Venezuela benefiting from the freeing power of crypto.

I urge our friends in Venezuela to be careful though, because Bitcoin makes all transactions public and it is possible for abusive governments to oppress its people by investigating users. This is why I believe Zcash is a safer form of currency for transactions in such sensitive situations. Zk-snark technology is extremely useful in this environment, so I suggest you take advantage of that technology for your protection.

Not financial advice, just a personal opinion based on knowledge of technology.

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DASH may be the best choice for them. There is already a huge DASH community in Venezuela that is actively working on businesses taking the currency. They recently got Churches fried chicken to accept it. You have to deliberately turn the privacy feature on, but it is available. You can also convert STEEM/SBD to DASH right here on Blocktrades.

Dear @indigoocean

I never knew that there is big DASH community in Venezuela. @juanmolina have you heard about it?

Interesting fact.

Yours
Piotr

Yeah, I've come across a few things about it over the last few months. Here's a recent video:

Even Venezuelans are in diapers as far as Crypto. Initiatives should be promoted by NGOs to educate the population in this regard.
Thank you for your opinion so successful dear @hobo.media