THE SALVATION OF VENEZUELA CRYPOCURRENCIES

Many have spoken about the advantages of technology Blockchaine in forums, post, tweets, but in my case and in the case of Venezuelans this technology is saving heritage worked for decades and that with bad economic policies it has broken a country and its entire population without knowing what to do.

The situation in Venezuela is disastrous and unbearable, and for you to see in data only in 2017 there was inflation of around 3000% and minimum wage went from 200 dollars a month to just $1 per month.

The exchange control has destroyed the purchasing power of Venezuelans who see a kg of meat is more than a minimum wage and to obtain a dollar in 2017 its value was 1000 bsf and term this December at 160,000 bsf.

This year the IMF predicts 13000% inflation and already is seeing hunger and hopelessness in the population.

Venezuela a young country with much growth in the area of computer to adopted the cryptocurrencyes as their salvation, but his salvation to get a few dollars and leave the country.

It is sad what passes through Venezuela and it is a warning to all those who we believe in a decentralized financial system, never trust their heritage to any Government, these always work for their interests and not those of the people.