Ah!๐ฆ
Hahaha ๐ He trusts... but the truth is that creating a stablecoin "for the country" is not magic: everything has to be backed by **real resources** ๐ธ, because if not, it's just smoke. That's what happened with the Petro: supposedly backed by oil ๐ข๏ธ, but in practice, it was financed with state assets, becoming a **trap for ordinary people** ๐ค. The same would happen with any national blockchain if there is no **transparency, auditing, and real capitalization**: what some celebrate as innovation can simply be a vehicle for legalized fraud and concentration of power โ ๏ธ๐ฐ.
โค๏ธFrom what I think, and this is not clickbait: it's the metaphor of a regime that, in the face of fiscal collapse and sanctions, turns financial innovation into a tool for the survival of powerโฆ and worse yet, into a vehicle of opacity, clientelism, and corruption. ๐ธ๐ฃ Cryptocurrencies have ceased to be a tool of autonomy for many Venezuelans and have transformed into a tool of the State to evade controls, cover holes, and in not a few occasions, cover up thefts. ๐ค
The political economy of my country in front of the State captures the technology of all #caracasvenezuela that is dying in exchange rates and deficits, turning any convertible resource into a strategic treasure. ๐น๐งฉ This explains why the regime dresses โmodernityโ in operations that, in practice, are opaque mechanisms to move resources out of public scrutiny. ๐ณ๏ธ๐ผ
The episode of Petro and the successive trials and errors left a lesson: without transparency and accountability, technocratic โsolutionsโ can be traps for citizens. โ๏ธ๐ While systemic risk and economic sovereignty allow cryptocurrencies to function as a black box in the hands of a sanctioned Stateโฆ and that is not neutral: it implies greater concentration of power, incentives for looting, and erosion of trust in institutions. โ ๏ธ๐ฅ
What some celebrate as โfinancial ingenuityโ is, under scrutiny, an externalization of risk onto the population and a privatization of the loot towards the elite. ๐ค๐ฐ And not to mention ๐ฆ the foreign policy and the geopolitical consequences of the government: crypto instrumentalization facilitates shortcuts that complicate relationships with partners and raise diplomatic costs. ๐๐ฃ Harder sanctions, financial isolation, and greater vulnerability to international maneuvers targeting regimes that evade cross-border controls. ๐ซ๐ผ It's not theory: we've already seen it in recent practices.
My stance as a ๐ป๐ช citizen: I reject the normalization of any financial vehicle that serves to legitimize the plunder. โ๐ I want a framework that protects the common Venezuelan: transparency, public auditing, restitution of stolen assets, and an economic model that returns sovereignty and opportunities, not one that concentrates them in the ruling clique. ๐ชโจ
If you care about Venezuela and want rigorous analysis โwithout demagoguery or cheap sentimentalismโ follow me. ๐ข Here we don't sell stories: we propose solutions, point out culprits, and demand accountability. ๐๐ง ๐ป๐ช
#venezuela #P2PVenezuela #STATSVOIP #Venezuelacripto $BTC
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Follow me for more crypto-economic analysis ๐๐ก (and so we can together reclaim the narrative of the future of our ๐ป๐ชVenezuelaโค๏ธ). ๐โจ