Venezuelan Hyperinflation Shows Benefits of Crypto

Article: Venezuela Issues 50,000 Bolivar Bill Amid Persistent Hyperinflation - Bitcoin.com

The total insanity of Venezuela's hyperinflation shows how a fiat, or national currency, can not only falter, but push towards losing all its value. Crypto proponents have pushed the very real argument that just because a currency is run by a government doesn't make that currency bulletproof. Today shows even more proof of that as Venezuela issues a massive 50,000 Bolivar note.

With inflation expected to hit 10,000,000% in 2019, this shows how crypto can be a MUCH MORE STABLE currency than something like the Bolivar. All of us proponents of crypto need to bring stories like this up.

And, remember as I talked about in previous story: The smallest unit of Bitcoin, one Satoshi, 0.00000001 BTC, is worth more than 1 unit of currencies from Iran, Vietnam and Indonesia. Something to think about.

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Crypto Social Media

Article: An In-Depth Look at Iris, a New Decentralized Social Network - Bitcoin.com

One of Bitcoin's earliest developers, known as Sirius, has come up with a new social media platform, Iris. The intent is to store your information on your computer, instead of letting it be used by platforms like Facebook.

This new social media site shares a space with other crypto-based platforms like Memo.cash.

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Facebook to Announce Cryptocurrency This Month

Article: Facebook will reportedly announce cryptocurrency this month, allowing employees to take it as salary - CNBC

Facebook is announcing its cryptocurrency later this month, according to The Information. The company is planning physical ATM-like machines where users can buy the currency, the report says. Employees working on the project will be able to take their salary in the new currency.

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EOS Developer Announces Crypto Twitter

Article: EOS Developer Block.One Might Build Crypto Twitter - InvestInBlockchain

EOS blockchain developer Block.One is launching a new blockchain-based social media platform called Voice. The firm announced the platform during the B1June KeyNote on June 1, and it was the highly anticipated announcement hyped up by Dan Larimer.

Information on Voice is here: Voice.com You can sign up to be considered for a Beta Testing position.

Meanwhile, EOS itself took a hit today, owing to the maxim, "Buy on the rumor, sell on the news." EOS is expected to still do well, however.

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