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witweb | 5 years ago

So people living in countries without a stable currency due to hyperinflation don't count as a real use case? It's sometimes the only way they can secure their capital. I think that we need to think outside of our elitist western bubble more often. Not all people live in a stable democracy with (semi-)stable currencies.

discuss

afiori|5 years ago

But for them there are better alternatives to BTC, one being BCH for example

orwin|5 years ago

And even if they do use BTC (they don't really, at least in Africa, i don't know about Venezuela), they do not trade using BTC but a second layer anyway.

hfsp|5 years ago

BCH is trending to 0 in BTC. How does this solve Venezuelans or Lebanese store of value problem?

https://www.tradingview.com/symbols/BCHBTC/

lottin|5 years ago

BTC isn't a stable currency in case you haven't noticed. Do you actually have evidence of BTC being used as currency in any of these dysfunctional countries you talk about or is it just a supposition that you're making?

will_pseudonym|5 years ago

https://www.theguardian.com/technology/2016/dec/16/venezuela...

imtringued|5 years ago

What we need is a global organization that ensures that every nation will be self sufficient in regards to nutrition and only imports non essential foods for varieties sake.

That's how you solve hyperinflation. The problem isn't that the currency is bad. The problem is that the government is utter garbage and since when did Bitcoin market itself as a political tool to subvert authoritarian leadership? No, it's just another "currency" like the dollar.