> Bitcoin won't solve our problems because no one will want to sell for Bolivares.
Price is everything.
Sure, people might not be willing to buy Bolivares in exchange for bitcoins according to the "official"/government set dollar price, but what about at 74,000 Bolivares per bitcoin, 74,000,000 Bolivares per bitcoin, 784 Bolivares per bitcoin? That's how a market forms.
Once upon a time (only a handful years ago), no one were willing to sell US Dollars for bitcoins either. Until there was, and now many people are willing to sell bitcoins for dollars.
The only thing that might prevent this from happening is regulation, which I imagine will be imposed in countries that already have USD controls, if people start using bitcoins to circumvent capital controls on a larger scale. But that's not really a problem of bitcoin, but rather the problem of an oppressive government.
Price is everything.
Sure, people might not be willing to buy Bolivares in exchange for bitcoins according to the "official"/government set dollar price, but what about at 74,000 Bolivares per bitcoin, 74,000,000 Bolivares per bitcoin, 784 Bolivares per bitcoin? That's how a market forms.
Once upon a time (only a handful years ago), no one were willing to sell US Dollars for bitcoins either. Until there was, and now many people are willing to sell bitcoins for dollars.
The only thing that might prevent this from happening is regulation, which I imagine will be imposed in countries that already have USD controls, if people start using bitcoins to circumvent capital controls on a larger scale. But that's not really a problem of bitcoin, but rather the problem of an oppressive government.