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Title: [2014-10-08] Reuters - Venezuelans turn to bitcoins Post by: No_2 on October 08, 2014, 12:50:46 PM Quote Tech-savvy Venezuelans looking to bypass dysfunctional economic controls are turning to the bitcoin virtual currency to obtain dollars, make Internet purchases -- and launch a little subversion. [...] Due to currency controls introduced by late president Hugo Chavez a decade ago, acquiring hard currency now means either requesting it from the state, which struggles to satisfy demand, or tapping a shadowy black market. Even small dollar transactions are out of the question for most Venezuelans. While President Nicolas Maduro makes frequent tirades against black market traders, whom he sees as part of the "economic war" on his government and the reason for inflation and shortages, he has never said anything about bitcoin. The government declined to comment on bitcoin policy. [...]In Venezuela, using bitcoins can carry a scent of subversion. http://www.reuters.com/article/2014/10/08/us-venezuela-bitcoin-idUSKCN0HX11O20141008?feedType=RSS&feedName=technologyNews (http://www.reuters.com/article/2014/10/08/us-venezuela-bitcoin-idUSKCN0HX11O20141008?feedType=RSS&feedName=technologyNews) Title: Re: [14-10-08] Reuters - Venezuelans turn to bitcoins Post by: LiteCoinGuy on October 08, 2014, 03:21:04 PM 3,2,1, ban.
Title: Re: [14-10-08] Reuters - Venezuelans turn to bitcoins Post by: virtualx on October 08, 2014, 04:20:17 PM Interesting development in Venezuela. I think as citizens of the world we also need currency of the world, ,which will happen eventually.
Title: Re: [2014-10-08] Reuters - Venezuelans turn to bitcoins Post by: gmx95 on October 09, 2014, 05:09:12 AM I am sceptical. Especially in such country like Venezuela people don't know much about bitcoin.
Title: Re: [2014-10-08] Reuters - Venezuelans turn to bitcoins Post by: H.W.Z on October 09, 2014, 06:26:54 AM Great!Venezuelans will know bitcoin can preserve the value like gold and has more advantages than their fiat bolivars. They will accept bitcoin.
Title: Re: [2014-10-08] Reuters - Venezuelans turn to bitcoins Post by: cr1776 on October 09, 2014, 12:12:11 PM Great!Venezuelans will know bitcoin can preserve the value like gold and has more advantages than their fiat bolivars. They will accept bitcoin. And when you need to flee dictators like those in Venezuela etc, you can easily flee with a private key. Platinum, gold or silver, not so easily unless it is pre-positioned outside their grasp. And authoritarians are lengthening their grasps daily around the world. :-) Title: Re: [14-10-08] Reuters - Venezuelans turn to bitcoins Post by: notthematrix on October 09, 2014, 02:13:36 PM 3,2,1, ban. who cares for a ban if they cant enfore it! ;) http://www.youtube.com/watch?v=06wUSPCoRpg this guys explains this very well. Title: Re: [2014-10-08] Reuters - Venezuelans turn to bitcoins Post by: maurya78 on October 09, 2014, 02:26:26 PM It will take time to really trickle down to the folks at the bottom of the pyramid who really need what btc has to offer. Test of patience and resilience for the whole btc community.
Title: Re: [14-10-08] Reuters - Venezuelans turn to bitcoins Post by: LiteCoinGuy on October 11, 2014, 06:07:22 AM 3,2,1, ban. who cares for a ban if they cant enfore it! ;) http://www.youtube.com/watch?v=06wUSPCoRpg this guys explains this very well. i know. it still will be there and flourish but alot of these countries will ban it i guess. Title: Re: [2014-10-08] Reuters - Venezuelans turn to bitcoins Post by: Paladin69 on October 12, 2014, 05:53:27 AM I am sceptical. Especially in such country like Venezuela people don't know much about bitcoin. People will make an attempt to learn quick if it is a safer haven than their shitty government currency. |