Shit like this is why I like bitcoin.
I wish everyone could be honest with the fact that there are a dozen people or so that in one method or another could demolish bitcoin if they really wanted to. (Shutting down some exchanges, a couple well placed bad changes, the unknown creator, etc)
Just saying that at least partially explains the exuberance with which people are participating in the Bitcoin experiment.
It’s a literal universal interest that the USD be stable. A dozen people at the FED or executive shouldn’t be able to ruin the dollar at least in any comparison to how fast a niche crypto commodity could be ruined.
That said... we went through at least three rounds of QE directed by the last administration. So, maybe you’re right.
That's what makes it important to enable Venezuelans to hustle with each other unofficially, sub rosa.
DOn't get me wrong: I loathe bitcoin and its boosters, and I pity anyone who actually needs it to get by. But Venezuelans are in that number.
If people know you have Bitcoin, they can just beat the wallet password out of you and throw you in jail just the same.