They can’t afford the volatility of bitcoin that’s why they use dollars.
Whenever the dollar in its many forms stops meeting their needs that’s when they will move on from it.
They just use the tool that works. Bitcoin doesn’t work (yet) for them.
Discussion
If they can't afford the volatility then they REALLY can't afford to get completely rugged, which is what's inevitably going to happen.
See attached. Try to put yourself in Venezuelan shoes. nostr:note1ttvf5v3nayrpt8d9wghwu6wfpj6cm7zf7er4zmws8deeead3l5js7qrhf6
Exactly.
I think we all agree that holding mid to long term savings in tether is not a good ides. Short term it has a lot of utility for a lot of ppl
They will feel the volatility of bitcoin every day.
They may go years or even decades without getting rugged if at all
Time preference is positive. We are all gonna die one day.