Think of the crypto programmer who make it possible for poor Venezuelans to have an island of crypto inflation stability when their Bolívars are worth toilet paper. I don't know of any feel goody NGO where a Harvard grad could feel woke working at that could do that.
This is a pretty weak argument. Venezuelans are using physical USD on the black market to get around their weak currency. At the end of the day, crypto is only helping the wealthy in Venezuela.
But is maybe the only inflation story anyone can come up with? Venezuela is misgoverned, but how do I know bitcoin governance is better? Bitcoin exchange rates are not stable. I can only hoard it, it's not an investment and not a currency.
Yet those are never in the MSM. It seems like the only reason we talk about crypto is because BC is in the news. If it wasn’t BC triggering the news maybe we could have more interesting crypto discussions.
