RE: Crypto: Hope for Venezuela?
What would you do then? If you were living 5 years earlier and you would anticipate future events?
It is really difficult to answer this question, the most sensible thing I think it would be to leave the country and prepare to give support from outside. Here inside you not only have the problem of hyperinflation, situation to which you could have prepared by investing in Bitcoin in time. Crime and extortion by the authorities are also part of our daily lives and even if I had enough money I wouldn't have a quality of life.
from my understanding hyperinflation can "reset" debt very easily. So those who owned money to the bank then year later those debts would be very easily be paid off. Is that correct?
This is true, but not all citizens have the possibility of receiving a loan, especially the most vulnerable classes who cannot collect the necessary documentation, for example in my case, I already have half a year of unemployment and I can not apply for any kind of credit.
Thank you very much for taking care of our country and for supporting these publications @crypto.piotr.
hi @darthgexe
That's exactly my way of thinking. Some people would consider me a "rat" for running from drowning country.
Thank you again for your kind comment. And hope to "see you" in 2019 :)
I presume that you're also from Venezuela? Caracass or some smaller place? Hope you dont mind me asking.
Yours
Piotr
I am from Ciudad Guayana, Bolívar state, in the south of the country.
@crypto.piotr How can a country be rebuild if everbody runs out? Once gone those people will never return. They need to build a new life. Besides of the fact there is no way to rebuild it from the outside. This is a government issue and they need to restart the whole system. What is lost cannot be given back so those who saved have the biggest lost. Some security for later is gone. Debts are still there, but with a new restart they are gone. Everybody has to start at zero and with 1000$. Everybody this includes directors, presidents as well. All banks have to restart too with a new system. To start without giving loans and making a sky high income on that and ripping people off.
No debts, new start to safe. New prices should be made for bread, milk, cigarettes, taking the bus etc.
Prices should be everywhere the same (the task is to rebuild the country not to make 9 people extremely rich and the resteven suffer more).
Education should be free, since it is needed or just a small amount needed for the teacher to live.
I really would like to have a peep into the safe of some people over there. Cryptocurrencies will not solve the problem. There might be a way to pay a bread with it, but that will never be possible for everyone plus it will not bring a healthy economic either to the country. I assume it needs import and export too to get stronger.
If the country is stronger it can have a new coin of it's own, but to start with it is better to use one that has proved itself, is worldwide accepted and with a good value.
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Dear @wakeupkitty
You need those who will runs out and those who will stay. I remember that I left to Dublin the moment when Poland joined european union.
Stream of money from Polish people working abroad gaved a huge "kick" to economy. Especially in construction and property market sector.
Those people will return. Most of them. Or they will be forced to return. Colombia and Brazil are taking huge amount of them but as far as I know they are only accepting migrants for period of 2 years.
Apart of that I fully agree with you. Again: some people will run, some people will stay. Im runner and Im not proud of it. But I never like to be around any political tornado.
Thank you for your great comment,
piotr