4min chapter

Decoder with Nilay Patel cover image

Is there a future for Bitcoin? An investor and a skeptic make their case

Decoder with Nilay Patel

CHAPTER

In Venezuela, the Unit of Count Is a U. S. Dollar.

In venzuela, all transactions in u s dollars. The only reason you get other units being used is small change. They use bolivars for the five dollar differ ential and residual in that transaction. I think this leads right into ow in my previous conversations about bicoin you just quickly arrive at nationalism concerns. But it's very costly to do it. And people who are doing it are very inefficient. Let's put it this wayt they are really speculatorst the they're not transacting. It comes in.

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