Usually this is where someone from Venezuela comes along and tells us that this is a tiny minority, and most people want US Dollars because they can actually use those.
The government controls the traditional US Dollars remittance systems. They can force absurdly bad exchange rates. Crypto shines where the government is messing with banking and currencies.
I'm from Argentina, people who want to trade US dollars usually do it on illegal unofficial markets with better rates. I think it's likely that it's the same in Venezuela.
That's nice, but you appear to be bringing up theoretical conditions as a counter to actual observed behaviour.
Crypto might well potentially shine under such circumstances, or under your view of what such circumstances might be, but the truth on the ground is apparently different.
> Crypto shines where the government is messing with banking and currencies
but isn't any cryptocurrency still directly tied to some fiat currency? Unless everyone uses crypto then at some point it gets exchanged for dollars at which point the low value of the dollar in a place like Venezuela is realized and you're stuck in the same situation but with more hassle.
