I'll add one more point in favor of this argument: both these countries have ALREADY spited the U.S. and its international monetary system. Venezuela is happy to sell its oil in the U.S., but its government now is still the leftist successor/vestige of the late Hugo Chavez, who talked junk about the U.S. for many years publicly and was best buddies with Fidel Castro. Argentina, though it was a closer ally, recently moved its loan out of a U.S. bank and essentially started servicing its own debt. Both of these countries have less to lose (than most others) by doing something radical that flies in the face of the default economic system and its USD currency. And yet both of them have sizable economies and enough technological wiring to make an impact if they were to embrace crypto.
BitUSD would be the perfect currency for either one. Or we can go with a BitPesos or BitBolivars if they prefer, pegged to dollars or any other appropriate measure.
Oh this is brilliant in so many ways I can't even begin to convey... and why had I not considered the potential here before!?!BitBolivar
!, are you KIDDING ME? That would be so huge in all of South America! Time to dust off my Spanish.
If there's a country on earth willing to embrace BitShares / BitAssets it would be Venezuela. Also Ecuador, whose president Rafael Correa is an economist quite disabused of neoliberal policies. Also for sure Argentina for so many
reasons. Bolivia, yes.
I mean, in Venezuela you have a government officially promoting and distributing Linux machines since 2007.
With respect to the operating system, Venezuela has taken a strong position in favor of open-source software in order to "promote technological development" and help "reach technological independence." For this reason the computers will use the open-source Linux, but the components are also compatible with the Windows operating system.
Can you imagine
getting a country onboard?
The implications of this really need to be explained to the right people in these countries.
An international arbitration panel has ordered Venezuela's government to pay $1.6bn to oil-giant Exxon Mobil for the seizure of a major oil project in the country, along with other losses. Maybe they should pay Exxon in BitUSD