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@TeslaLiberty from nostr hired me me to make a video interviewing several people in my city to understand the general sentiment about Bitcoin in my city (in Venezuela).
All of these interviews are raw from the street, so draw your own conclusions!
Can't blame people for favoring something with less volatility than Bitcoin. This perspective of course misses a big part of what Bitcoin is, but for people living from pay to pay check, running a business that still operates in the fiat world, etc, that's in the end all that matters. Long term accrual/hedge against inflation/permissionless money/censorship resistant/etc does not matter compared to short-term volatility. Eventually, volatility may reduce (even there are theories that for Bitcoin to keep existing, volatility is a necessary characteristic), and thus make this kind of counterargument mute. Until then, it'll remain an uphill battle...
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88 sats \ 1 reply \ @SpaceHodler 1h
Yes, low time preference is a privilege of those with positive cash flows and low uncertainty.
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Very well put. Much more succint and to the point compared to my attempt ;)
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Great work!
Education is key.
I've meet venezuelans living in Spain and Portugal that they use Binance Pay to send money (USDT) to their parents, but they don't know about BTC...
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0 sats \ 0 replies \ @Car 3h
It’s sad to see tether and binance prey upon these people. No one wants them to have bitcoin.
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Thanks for sharing! Love to hear the different perspectives around the world. Seems like there is still alot of education needed in this space, that is where mi primer bitcoin could come in! Seems like many of the people know about Binance, and USDT... There must be some heavy marketing efforts on these products.
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Sounds like they need some bitcoin educators in Venezuela 🇻🇪
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