I certainly had other plans to write, another topic to argue for the world of cryptocurrencies, but given the events that happen in my country (Venezuela), I have material, something crisis / opportunity, to write a good time. The truth is that this idea has been going around me for two days and I would like to express it so that they know a little about what the future looks like in crises.
For many it is no secret of how Venezuelans are sadly and that little by little it has reduced our lifestyle, not only from an economic but also a social point of view. Due to the conditions we currently have, my country is the perfect testing ground for the development and growth of many cryptos, there are various scenarios that can be studied and used to correct them; I have seen, for example, there has been the experience of currencies that substitute the bolivar in transactions such as BTC, LTC, ETH, ETC, DASH, and the truth, despite the discomfort that this caused at first, adapted well, to such an extent that not only was it limited to the field of remittances and purchase / sale transactions, also in small retails making these something to consider when not having foreign currency to pay. In fact, for DASH the business of paying parking fees was very good.
Another point to consider is how to protect our money; in times of crisis, we all run to look for dollars to take refuge and "protect ourselves", that is part of our culture, it is in our DNA; There is also an interesting growth here, seeing many save on cryptocurrencies, first than in some countries in the region. This other experiment was more than interesting, it showed that if you can consider, the BTC and other currencies, not only for exchange but for refuge.
Needless to say, in my country, it has experimented and still does with the creation of cryptos such as "onixcoin", or "arepacoin", or the controversial "petro", which really is a CBDC but nobody really stops it and it doesn't do much good.
All these experiments, surely there are more, arose from a need, which was born from a lack, and this in turn by the debacle of an aggravated problem. What am I going with this, from the last scenario we have, the cancellation of one of the cable television providers here in my country, many have seen the need to migrate to IP television, via streaming. If you think about it, this could represent an investment opportunity, for those who have this type of smell, just think about the chips you have; a country again in the laboratory field and this is my theory.
- This new experiment will demand more bandwidth.
- We could talk about investments in 5G platform.
- Growing field for smart equipment and items, IoT development.
- Why not, field for the development of new blockchain scenarios, new Dapp's that turn to the collection of services, beyond the currencies that are currently used.
- Flowering of native tokens of developing ecosystems that are used, not as maintenance but as a charge for the use of these Dapp's and, why not, smart contracts.
These crisis scenarios make one think, beyond the imagination, and if a scenario with the covid-19 is added to this, the need for an implantation with the proposed scenario is more highlighted.
Let's not limit ourselves in the crypto space, we have the solution in front of us, decentralized, distributed and disruptive. Always remember that cryptos, and even more so BTC, are inevitable.