In Venezuela the devaluation of the currency is the daily bread, wich in many newspapers around the world is a surprise or a front page news here is a daily occurrence. The Venezuelan has found progressively since (2015) a refuge to the value of their work in cryptocurrencies, of course a tiny part of the population mostly young people and freelancers rely more on digital alternatives rather than traditional ones. Currently Venezuela is one of the top countries (3) in the exchange of cryptocurrencies worldwide, ideal scenario to encourage the use of Bitcoin Cash as a digital sound money of which each person can have control.
Large part of merchants are adapted to the paradigms of banking systems, because through them they offer facilities for receiving digital payments and credits that make them feel a sense of economic freedom to boost their business, but this is very far from the reality under this scenario of devaluation. This day by day has lost presence due to the depreciation of the currency and the normalization of the dollar as an exchange currency within the country.
An advantageous scenario because 90% of the exchanges within Venezuela are carried out on foreign paper currency, a few merchants receive bolivares (national currency) and prices are fixed at the reference value of the dollar. A very simple sample of the levels of devaluation in our country is this entertaining video of a Mexican tourist who visited our country recently, shows the routine of the Venezuelan economic reality as well as its risks.
This leads us to the conclusion that in Venezuela the banking system and populist economic doctrines such as price controls, censorship of foreign currency transactions, nationalization among others have failed, although these mistakes have not been recognized by the current system and they prefer to continue attributing the cause of these problems to foreign sanctions.
At the same time, people have progressively understood that economic freedom can isolate themselves from the state, but they need to protect themselves to take control of their money and with an uncensorable alternative, with very low usage fees and decentralized. Bitcoin Cash is the perfect tool to make this a reality at an educational and commercial level to continue to evolve as sound money.
During the last (06) years in Venezuela a progressive migration of Venezuelans has been developed to other countries, most migrants leave the country because the rigth to property and economic freedom are constantly threatened, that same freedom that would allow us to develop freely in society both expression and action, from there many have required to leave the country where economic power is controlled by political interests, it is a way to expose the majority of citizens by centralizing the control of money in banks, but very few have realized this strategy.
In the following short analysis made in the Podcast of "NO hay almuerzo gratis" these risks are exposed.
In Bitcoin Cash Venezuelans can find a refuge of freedom and wich in turn is consonant with the values of decentralization, non-censorship, of a truly practical economic freedom. This will allow us to build the foundations of a free economy in exchange networks outside the control of authoritarians and censors.
To accomplish this task we must continue to share our message of hope and help those people who are still under the shadows of ignorance and manipulation of information, although the failure of these doctrines is increasingly revealed and with a totally exhausted discourse, something that in practice is less and less viable.
Our refuge of economic freedom is focused on bringing this message to those who have fewer possibilities or those who lack the digital tools to access information. Why go to the sectors with more deficiencies? The best learning is easier through experiences and precisely these people who lack the most are the ones who most need a message of hope.
It is an open opportunity to get out of the complex and hidden interests that intend to pursue human actions trough centralizing money control.
In order to create a refuge of freedom and change ingrained paradigms in people, one must start from the principles of education and values, making citizens aware of their power to isolate the state from economic influence over the population is what will allow people to be able to generate and create value from their own ideas.
Fiat money will progressively continue to lose value, and progressively the exchange networks through globally recognized cryptocurrencies will be established as the economic axes of societies.
We are in this instant in front of a unique possibility and we must support the efforts to strengthen the development and growth of the use of Bitcoin Cash despite the possible threats that will come our way. The dogs will not stop barking, don't stop!
Sofia 💚
Wow amazing there in Venezuela 💖