Venezuela, Bitcoin miner...

in #bitcoin7 years ago

Let's take a look at the Venezuela: In this country, the connection between Bitcoin and Amazon gift certificates is widespread in a way to obtain a steady supply of livelihoods, while socialist price controls and inflation due to crude oil downturn Because of this, there are few items in the super market or drama store in Venezuela, so buy an Amazon gift certificate in a bit coin obtained through the black market or mud stick mining, and buy the product through your on-line order or relatives living in the United States. Receive.

The Reed Dot Com, an Internet medium in the United States, introduced a case of recurrent (temporary) teacher, Benes Ela, who recruited a bit coin for the mother who had a stomach disease, "Bitcoin is the only hope," he said

In fact, in the past year, the use of bottled coasters has increased by more than a factor of 10, and the value of pesos in Venezuela has decreased dramatically, reaching 1600% with no inflation.

In Venezuela, bit-coal mining is active, because the country subsidizes electricity, and the act of collecting and scooping bits of electricity with the aid of other countries is illegal.
Nevertheless, the number of miners in Venezuela is increasing, and Venezuela miners are required to take the risks confined in prisons, but even if they are picked up, compromise with the investigators is not so difficult That's it.

In countries where political crises are experienced or economies go bankrupt, their own people do not own the same foreign currency as the dollar, and even if there are a large number of dollars, they can not be reinstated once they are in their banknotes. If you do not accept a misguided adventure as a good citizen because you generally need to rely on the god of the underground organization, there is no way to send your money to a foreign country without a ticket. Because of this fact, Amazon gift certificates that can receive goods from overseas via the Internet are actually the same as cash, and the position of the bit coin that enables the purchase of the Amazon gift certificate is also next to the dollar .

The greatest reason why people are unable to accept a bit - coin as a currency is because the responsible entity does not guarantee the value of the bit - coin, which means that the offering company guarantees the right to exchange with the commodity As a result, the masses can easily be accepted as money, but because of the strong government regulations, the influence of powerful corporations is not a challenge to the position of the currency of a country like a dollar.

However, the situation will change when you start to exchange such a bit with a bitcoin that does not guarantee any value for your surprise, so let's try to create a little imagination: if a Korean company's males and pints are bit If it is declared to be an accident in the coin, it may become money of those who have fallen into despair somewhere in the earth.

Sort:  

Venezuela's problems cannot be fixed by bitcoin.... Venezuela has a government problem, not a currency problem....