Absolutely everything that today you in the once comfortable and happy first world suffer at this moment (inflation, shortage of items in supermarkets, banks stealing funds from their customers among so many cases) we Venezuelans have lived it incarnately for decades, even centuries, however in recent years an invisible ally is helping the economy of the people in my country, our friends the cryptocurrencies.
Two cryptocurrencies set the tone in the preference of Venezuelans: the first is the almighty Bitcoin and the second is the more humble Dash, an electronic currency not as decentralized as the BTC but that offers ease of use at a microeconomic level, that is, for everyday use.
For the purposes of this publication I will focus on Dash, a name that is the union of two words: "Digital" and "Cash" and that at the same time its developers sought to sell the idea to the crypto fanatic public of a fast technology, something that the Bitcoin system, the reference par excellence, lacks.
Dash is self-proclaimed as an untraceable and decentralized technology, two characteristics questioned by the great elites and that serve as an excuse to accuse cryptocurrencies in general and Dash in particular of financing terrorism in the world.
But in my reality and that of my country, I could hardly consider as terrorist the man who sells me carrots in the market, or the lady who pays with her funds in Dash to buy milk and cereals for her children, an economic behavior that has ceased to be a novelty in Venezuela to become part of the daily life of its citizens.
And the fact is that citizens in Venezuela, tired of living under the yoke of bad economic policies, geopolitical conflicts and corruption that characterizes the life of Venezuelans, assumed de facto their own way of carrying out their economic destiny by completely discarding their Fiat currency the bolivar, taking the dollar as the currency of national circulation, Bitcoin as its main reserve value and Dash as the main cryptocurrency of the small economy.
According to Dash developers, Venezuela is the country in the world where most of its cryptocurrency transactions are carried out, most of these are used to generate micro payments and others as a reserve value to face inflation or the eternal devaluation of the bolivar.
Unlike El Salvador, it was the Venezuelan people themselves who gave the approval to the use of cryptocurrencies, it was not a politician in front of a TV camera or a group of legislators deciding for the people, we ourselves took it and made it our economic means and the best way to face our daily life.
Beyond the type of crypto that the people established to guide their economic path, the core of the matter is based on the fact that no decisions of leaders or votes were necessary to exercise the power of a united people. Venezuelans tell the world that there is no need for a President to order or decree anything, the people in the end are the ones who take the reins when they want to be happy.
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Very interesting! It had been a while since I had heard of Dash, I did not know of this massive use by Venezuelans. I saw that Dash is worth $ 36 today and has dropped quite a lot in one year, from $ 234 to $ 36. Today he is 82nd in the Coinmarketcap ranking. If I understand correctly from your article it is a kind of privacy coin, is it so?
The massive use of Dash in Venezuela is explained by the fact that the developers of this cryptocurrency dedicated a lot of time and effort to explain its use to small traders, young university students and entrepreneurs in the country. At the same time, the failure of macroeconomic policies to keep the local fiat currency safe has made cryptos in general become a safe alternative to protect themselves from the crisis.
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thanks for this clarification