[RidingPegasus]

Given the choice would you suggest a person from somewhere such as Venezuela keep their personal savings in Bitcoin or Venezuelan bolívars?

[paulmd]

I'd suggest keeping it in USD or other hard currency. Bitcoin provides no advantages in obtaining/transacting hard currency relative to other currencies, nor any stability while holding it. Either way you are going to a black market, and you are paying real, unaffordable conversion rates compared to transacting in (worthless) hyperinflationary currency.

The bitcoin guy is not going to accept 1 Zimbabwe dollar to 1 USD any more than your black market dealer who has USD. The real currency conversion rate is the problem, not the act of obtaining actual hard currency.

[zadler]

USD bills can’t be easily transferred over the Internet.

[atq2119]

This is a false dichotomy, since USD are very widely spread on South America.

[arcticbull]

Each BTC transaction fee costs 2 weeks average wages in Venezuela my dude.