You are viewing a single comment's thread from:

RE: Dash is Going to Venezuela

in #cryptocurrency7 years ago

Venezuela knows about bitcoin, the communist government on the island considers it "stealing from the people." They will shut you down if found. Given the cheap electricity costs it actually makes a lot of money there. I read one account of someone who had his computers confiscated by the government. After he was released his computers came back on-line one week later. (He knew this from special software installed.) (Presumable to mine bitcoin for the corrupt authorities.) While I do see benefits to promotion of cryptocurrencies in third world countries, getting the currency is likely the hardest thing. Like US dollars, as soon as the currency is made it leaves the country to buy desperately needed food and medicine. People are starving. Finding ways to hire people online and pay them via cypto-currency might be a better plan.

Sort:  

You have a good point,maybe is a good idea projects that promote the remote work and maybe use an alt coin based in ethereum for the payments, until the cost of transactions with bitcoins become lower

Yes, I agree with you. I'm from Venezuela and I still live here, and it's so sad that the salary is less than 20 or 30$. And work online or business that pay in dollars are the best solutions.