🌎 [Analysis] Bitcoin can’t fix Venezuela: I should know - Diana Aguilar

A week removed from fleeing Venezuela, Diana Aguilar says the crypto industry needs to stop using Venezuela as an adoption showcase. Most crypto media reports coming out of Venezuela fail to understand the situation but proceed to announce solutions anyways: a random blockchain or crypto scheme is never going to solve a failed state. The country is hardly crypto ready: tech literacy is low, not to mention a lack of the capital and infrastructure needed to launch what more advanced countries don't have themselves. Adoption of crypto to date is also misrepresented; at best it serves as freelance income but has yet to take on any semblance of mainstream value regardless of transaction volume. Aguilar herself worked for a crypto initiative, Coinbase's GiveCrypto, and witnessed ignorance undercut good intentions time after time. To Aguilar, Venezuela is not a regulatory sandbox, so stop treating it as such.