Coney_Croft on Nostr: Just thought I would bring this over to Nostr from X, because this guy does not seem ...
Just thought I would bring this over to Nostr from X, because this guy does not seem to be here yet, and this is a well written piece about Africa.
It may be that Venezuela is heading in the same direction by adopting the US dollar as their currency. The US will be able to drain their natural resources simply by printing worthless dollars and distributing them into their economy.
Now if instead, Venezuela were to sell it’s natural resources for Bitcoin, then World Governments would be forced to Buy Bitcoin with those worthless printed fiat currencies, which would in turn raise the value of Bitcoin that Venezuelan’s have earned, and in turn stop inflation in their country.
danieleripoll (@Rip VanWinkle ⚡️) posted: #Bitcoin is one of Africa's greatest hopes.
While the continent of Africa is considered "poor" by most Western standards, the reality is that Africa is one of the wealthiest continents on Earth when measured by the resources that exist within it. Africa arguably possesses more… https://x.com/danieleripoll/status/1737944177990860828?s=66&t=f6DRXWOGWTC12gg5G_HlXQ
It may be that Venezuela is heading in the same direction by adopting the US dollar as their currency. The US will be able to drain their natural resources simply by printing worthless dollars and distributing them into their economy.
Now if instead, Venezuela were to sell it’s natural resources for Bitcoin, then World Governments would be forced to Buy Bitcoin with those worthless printed fiat currencies, which would in turn raise the value of Bitcoin that Venezuelan’s have earned, and in turn stop inflation in their country.
danieleripoll (@Rip VanWinkle ⚡️) posted: #Bitcoin is one of Africa's greatest hopes.
While the continent of Africa is considered "poor" by most Western standards, the reality is that Africa is one of the wealthiest continents on Earth when measured by the resources that exist within it. Africa arguably possesses more… https://x.com/danieleripoll/status/1737944177990860828?s=66&t=f6DRXWOGWTC12gg5G_HlXQ