Cryptocurrencies in fictitious economies

in hive-175254 •  3 years ago  (edited)
Hello my friends of Project Hope today I want to talk to you about a topic that is giving much food for thought and reflection about the economy of countries where the management of resources and financial instruments are far from or out of step with reality. A few days ago doing some research about the use of cryptocurrencies in my country and about their use as a financial instrument for the payment of goods and services I discovered that it is not accepted, which was to be expected, that even a series of regulations are proposed for those of us who choose to consider having savings in cryptoassets and even transactions that include purchases, transfers and exchange.


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However, in the midst of the news that managed to locate it was also mentioned that a state official had a mining farm that kept an entire state without electricity, for obvious reasons, data mining is an activity that consumes more energy. Now, I ask myself, if cryptocurrencies, their use and investment in them is not a product or financial instrument recognized as legal in domestic trade, how is it that a person or a sector is allowed to control this activity? It is here where we begin to see a thread of the great fabric to cut that is the fictitious economy.

The fictitious economy is one that is not reflected as a possible fact and even many citizens are unaware of its existence or have only heard something about it as if they were urban legends, anyone who talks about it is considered a fool or traitor and if you are also one of those who have access to its resources by legal means you will be considered a threat. Once I read an article where it said that those people who invested in cryptocurrencies would lose all their investment because that capital did not exist except in the networks and its only function was to defraud those who made use of them, this article was published in a local newspaper with a political tinge, This article, which was published in a local newspaper with political overtones, made simple people, i.e. ordinary citizens, think that those of us who work in the network and depend on cryptocurrencies were some kind of lazy and thieves who lived by stealing the capital of others, something really absurd and far from reality.


Source: pixabay.com

Even today it is difficult to explain to others what cryptocurrencies and their investment mean, how to make payments and receive payments with them, as well as to explain the reasons why they are not a scam but a solid instrument that is accepted worldwide. The above happens, taking up the subject, because we live in a fictitious economy where the country has a legal circulation currency and another that is not assumed but used as the case of the dollar, today transactions in dollars are valid for domestic trade but still remain tied to a fictitious economy because the rate at which the calculation is averaged is an unofficial rate, even in some government agencies where they require payment in dollars at a parallel rate but use the official rate, which is much lower than the parallel rate, to pay salaries and benefits of public employees.

The local currency does not exist is a fiction because its circulation is limited by the small amount of paper money that at the time was generated in a number of changes in the figures and the devaluation of the same, then we see how people even when you can not receive or withdraw from banks or ATMs dollars handle are dollars. The same happens with cryptocurrencies even when it is not legal to use the assets that we can get on the platforms the government developed its own cryptocurrency that you can not buy freely or easily, that even when they tell you that it is accepted in commercial transactions in reality it is not and from time to time the payment of salaries and benefits of employees is made in this financial instrument causing a collapse and crisis ranging from the emotional and individual in people who desperately seek where to change this type of payment to the stores that are forced to accept it and then no one responds for its value in a real context. And here again I ask myself; if the use of cryptocurrencies is not legal or accepted for commercial transactions, how is it that all this is happening? What do you tell me about it, what is happening in your countries?

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Greetings @emimoron very good article, really in Venezuela the use of cryptocurrencies is not illegal or is prohibited as if it happens in other countries of the world, in fact some large department stores and sales of electrical appliances accept it freely, on the other hand the government national created the national cryptocurrency superintendency (SUNACRIP) as the regulator of the trade of this type of digital asset.

Having said the above, I understand your point, because it seems that the common citizen is persecuted if he tries to do business "mining", while other affections to the government if they can enjoy these privileges.

The explanation is simple, the so-called "plugged in" can access the necessary permits to start up their "farms" while the rest of the citizens cannot exercise this activity first because it becomes almost impossible to fight against the government bureaucracy on the one hand, and on the other because there is a Law of Rational Use of Electric Energy under which the "security" bodies are protected to even stop and arrest people who mine cryptocurrencies for attacking the national electricity system ... sadly as you say , this country is in total chaos.

Greetings and have a beautiful night

Very well my dear friend. Certainly it is not illegal but it is not so accepted the exchange, if it is true there are some places like big stores where yes and these establishments know who they belong too, well as you point out is that we live in an economy that punishes some while turning a blind eye to others, with instruments not legal but not official, in short a hard work ours.

Hello @emimoron
A state without electricity because an official was getting rich with mining. But I can assure you that more than one was aware of that, but nobody said anything, and that besides, I could even swear to you, that more than one of the mines that have been stolen by military, guards, etc, were there mining... curiously.
But well, we know how they are.
In Colombia a legal framework is currently being created for the work with cryptocurrencies, but, finally it is to collect taxes, and try to have control. NO more.

Hello friend, I think you are reading the article as I did when I did, because I respect that this is a public blog and for our safety we must measure ourselves in the comments but I assure you there is still much more to tell, because as I said this is a situation that almost everyone knows but no one does anything to solve or clarify and meanwhile those who try or in our case we find a financial exit in the world of blockchain are seen as thieves who evade their tax responsibilities and that there is also much to tell. Thanks for reading and commenting

I very much agree with you it is very hard to explain, however it is very easy to explain that government officials do the double game, they make it look like it is bad, but they are the first to steal the mining equipment and they set up their own farms and mine ETH and BTC, they are scammers.

That's right my dear friend, these characters take advantage of everything they can to keep anything that can generate a profit and as I said they make good things look like bad things to keep control, I'm sure it is not the only mining farm discovered in the country, as well as that there must be others that operate clandestinely while small traders are persecuted and their accounts audited.

Hi@emimoron Ignorance is free and at large, so we should not pay more attention to those who speak ill of those who invest or work with cryptocurrencies, there are many hours of our time of intellectual and even physical work that is done, success depends on us, I found your approach very interesting, thanks for publishing it, greetings and success.

Hello friend, no one knows the hours dedicated to intellectual and physical level that are invested in achieving some assets, however, it is difficult to establish a profit margin when more and more the government is interested in managing absolutely everything. It is a constant struggle in this type of economy.