cross-posted from: https://ibbit.at/post/201550
It was a sweltering January afternoon in the Amazonian town of Puyo when Andrés Tapia realized his daughter’s public school fees were due. Like many Ecuadorians, he reached for his phone to make a mobile transfer. Carrying cash is too risky these days. Ecuador is in the grip of an ongoing security crisis, with transnational criminal organizations spilling in from neighboring Colombia and…
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Wasn’t Ecuador the country that made bitcoin an official currency? What happened to that?
One more reason why getting rid of paper money is a mistake and an act not in our best interests
Literally in the blurb:
Carrying cash is too risky these days.
If you’re not getting mugged by the government, you’ll get mugged on the street instead.
I don’t know the exact situation in Ecuador, but I live in a country with very high criminality and also socioeconomically similar to Ecuador, so I can say that fear of violence in Latin America is stimulated and used as a weapon for removing rights from us and keeping our votes in the center or right wings, who submit to the hands of the USA. Things aren’t usually as bad as pictured by the media, but people behave as if they were, out of fabricated fear.