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RE: The real news of 2018: Venezuela's hyperinflation crisis
Venezuela Is definitely a very good case study. I grew up there and I know many people are relying on cryptocurrencies to be able to eat properly, not to mention pay bills and stuff. Thanks for such insightful post!
Glad you found my post!
Do you still live in Venezuela or are you somewhere else now? Is it easy to migrate to/from Venezuela these days or does the government restrict migration?
Moreover, the reason I'm very excited about cryptocurrencies is because they can indeed make a profound impact in people's lifes, specially in those countries such us Venezuela. Let's say $2 they can do in steemit a month is already one extra salary. It's not like they can do a lot with that money since the inflation it's just crazy but what could happen if they make ten bucks? It's like a blessing for them! The key here is to educate people about such things and teach them how to use cryptos, how it can improve their lives and so on..
Hi! I moved from Venezuela to Sweden in 2011. At that time it was somewhat difficult but still doable. For instance, I could save money for the ticket without any major problem, even being a student. Nowadays it is just insane. Many airlines have stopped flying from/to there because it is not profitable. Every good in there, including flight tickets, are basically priced in USD, converted at the rate of the black market to bolívares. Of course it became impossible to flight since the minimum wage is around 2MM, while a ticket costs 5 billions or something like that... It's just insane.
I know few people who flew from Venezuela recently and their relatives who live abroad bought the tickets for them. Those who don't have that luck have gone through Colombia, by bus or something, to other countries within Latinamerica.
It's a terrible situation indeed, what you read in the news is almost a fairytale in comparison to how it really is unfortunately.