Dear Louigi,
Thank you for taking the time to read my work and thank you for your kind and generous words. Your objection is well and duly noted and well within reason.
There is more than anecdotal evidence that Bitcoin assisted in the transfer of value in countries where currencies experienced hyperinflation, but you are correct in noting that it did not “replace” these currencies per se.
Thank you for spotting that error in my work and as to scale, based on my anecdotal evidence, speaking with miners in both Caracas and Harare, you are also correct in pointing out that cryptocurrencies were not used on the scale that would be regime-changing.
But, I would add that while cryptocurrency did not save Venezuela, it certainly made possible transactions which would otherwise have seized up in the absence of any workable currency.
I appreciate your writing on the matter and thank you for contributing to the discussion.
Yours,
Patrick
