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Bitcoin.com COO Mate Tokay gave a speech at the North American Bitcoin Conference about our program and mission to help the people of Venezuela. Visit https://www.bitcoin.com/venezuela to learn more.
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I see that this post of "Bitcoin" is actually about BCH, and refers to the help that BCH supposedly can give to Venezuelans, I must say that I live in Venezuela and our main problem is the collapse of our institutions and mainly of our currency, Venezuelans do not need payment mechanisms that function is relatively well fulfilled by the bolivar, it is easy to make a transfer using the bolivars, which Venezuelans need is a source of value storage which fulfills some fundamental characteristics: it must be immune to censorship, it must be divisible, but above all it must be non-confiscable. Many will ask: Why do not Venezuelans save in Gold? The answer is simple, to have gold in Venezuela is to sign your death sentence. Other people will wonder why Venezuelans do not save in dollars? The answer is that in Venezuela it is easier to get someone who sells you $ 100 in cash than $ 1, and for someone who earns in bolivars buying more than $ 5 is difficult. We only have Bitcoin BTC. Bitcoin week after week breaks exchange record in localbitcoin, and that's because people are looking for a hard currency to save, no one uses their bitcoin for transport or coffee payments, they use them to store them, nobody goes down the street paying with bitcoin satochis (BTC), and this is so for a basic principle that explains Gresham's Law. If you want to know more about what happens with bitcoin in Venezuela I invite you to my blog (@ppwrozo). the need of Venezuelans is for a reserve of value, that is divisible and portable in my opinion is Bitcoin (BTC), only last week 2485 BTC were exchanged in localbitcoin, that is, my opinion is similar to the market one.
The best way to own both bitcoin and gold is with Vaultoro. This is a great way for Venezuelans to invest in physical gold without having to store it and still have the ability to convert it to Bitcoin anytime they want. My referral link below if interested.
www.vaultoro.com/?a=116131