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Bitcoin Is All That Stands Between My Family And Starvation

Date: Thursday, June 1, 2017 10:50 AM EDT

I'm 2014 Bitcoin was a new technology so we were very skeptical about it but we didn't have any other options.

Fast forward to 2017. The economy is Venezuela is dead. My father lost his air conditioning business and people like our neighbors that were middle and upper class a few years ago can't afford food. Thanks to the rising price of Bitcoin and it's relative stability (to the Venezuelan economy), my family is part of a very small fortunate minority that can afford to help feed their community and also potentially immigrate to another country.

Now consider how big the Venezuelan economy is and that other countries like Brazil and Argentina are also experiencing similar problems. If citizens converted only a small amount of their savings into bitcoins this would represent an incredible amount of money.

Bitcoin might not be the perfect hero we want but it's what we need.

Bitcoin can give anyone the ability to trade freely and protect themselves financially against corrupt and incompetent governments. In a world of 6 billion people, most of whom have no access or are ineligible for basic banking services, and an increasing number of governments apposing free speech and basic human rights, Bitcoin might not be the perfect hero we want but it's what we need.

So in summary, Bitcoin is used by criminals the same way cash is used by criminals. If you take one step back you'll realize that the possible legitimate uses for Bitcoin are far greater than the black market can ever be.

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