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@justinparke
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2 min read

What a great insight into the situation there and how it affects your daily life, and how crypto comes into the equation. There are definitely some Venezuelan parallels that I've witnessed firsthand in Cambodia, Albania and now Suriname. Because the crisis in Venezuela has been going on for so long, many folks forget how prosperous Venezuela once was.

I think a saving grace is that Venezuelans are well-educated and resourceful, so you've all handled this crisis on a civilian level much better than many other countries would have. That being said, going from being one of the wealthiest Latin American nations to one of the most troubled ones in such a short time is a hell of a rollercoaster ride.

Of course you know we are facing a major crisis here in Suriname at the moment, although I think the trajectory is a bit different than Venezuela, we lack an economy of scale here, barely having 500,000 citizens, a smaller population than many Venezuelan favelas. Shortages and hyperinflation with the local currency can happen so fast and unpredictably due to the small economic footprint of this place. We are totally reliant upon shipping containers here, and that is really scary during this time.

I hate to admit I wish things would get a little worse so that we could live a better life. I think locals here are on the verge of having mass interest in crypto, especially now that it seems the EUROS and US Dollars are all gone, and we are left with a hyperinflated local currency that has little value and that no one wants to hold large amounts of.

For now the mentality is just not there yet, and I think locals still look to things like the gold industry and helping Latin American nations to smuggle cocaine from our ports.

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