Micromarkets are forming around alternative money In Caracas, elites live in a “millionaire bubble.” Outside? It’s survival mode. If you mine gold, you spend gold. Hyperlocal currencies = a physical parallel economy.
Gold dust beats the bolivar Inflation nuked trust in paper. Dollars are scarce. Gold is tangible... and usable right now. A 1g grocery pack is the de-facto “basket of staples” index.
This is what happens when the movement of money breaks. Locals hack the system by going primitive. But primitive ≠ dumb it inspires new rails...
Micromarkets are forming around alternative money
In Caracas, elites live in a “millionaire bubble.” Outside? It’s survival mode. If you mine gold, you spend gold. Hyperlocal currencies = a physical parallel economy.
Gold dust beats the bolivar
Inflation nuked trust in paper. Dollars are scarce. Gold is tangible... and usable right now. A 1g grocery pack is the de-facto “basket of staples” index.
This is what happens when the movement of money breaks. Locals hack the system by going primitive. But primitive ≠ dumb it inspires new rails...