This is how 0.037 Bitcoins looks like in Venezuela

[knowhow]

well one curious question is worthing print soo many money worthing 12 dollars the trees wont hold those prints forever.... and wow those news about a crash and the price raise all days sounds a nightmare one day you milionaire,other you rich then you become poor wow,really hope someday bitcoin or other currency just become universal ,that way the coin wont loose value or get trilions invested into buy or sell.

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[Hugroll]

instead of printing a shit ton of lower denomination bills. why dont they just print bigger denomination bills. it'll function the same but you wont have to carry 10kg of bills in your hands when buying stuff.

[OROBTC]

instead of printing a shit ton of lower denomination bills. why dont they just print bigger denomination bills. it'll function the same but you wont have to carry 10kg of bills in your hands when buying stuff.

For the same reason they won't print $500 or $1000 bills here in the USA (back in the 1930s they printed FRNs up to $10,000).  It would be an admission of failure to maintain the value of the currency.  (Well, for the "money laundering" excuse as well)

The liars at .gov and .fed are going to hurt a LOT of people.  Like in Venezuela.  Don't be one of those who gets hurt (much).  Get prepared for rough times.

[bryant.coleman]

instead of printing a shit ton of lower denomination bills. why dont they just print bigger denomination bills. it'll function the same but you wont have to carry 10kg of bills in your hands when buying stuff.

They will never do that. The Venezuelan government is actually denying the fact that hyperinflation is a serious issue in that country. Also, the official exchange rates are like 1 USD = 6.35 Venezuelan Bolívar (the black market rates are like 1 USD = 800 Venezuelan Bolívar). As per the government, the official exchange rates should be imposed everywhere.

[knowhow]

well those will crash the country on the next months for sure then they can think how to control those instead avoid the subject.

[botany]

instead of printing a shit ton of lower denomination bills. why dont they just print bigger denomination bills. it'll function the same but you wont have to carry 10kg of bills in your hands when buying stuff.

This would solve the problem until those bills are deflated away. 

[Hugroll]

is there anything they are doing to fix this hyperinflation. i have no idea how they're going to get out of this mess.

[wxa7115]

is there anything they are doing to fix this hyperinflation. i have no idea how they're going to get out of this mess.

Whatever measures that the Venezuelan government is taking will be temporary at best and counterproductive at worst. There is no other way than a return to capitalism and when that happens, a lot of people in Venezuela are going to be mad.

[tonycamp]

you shoud see how it fits into zinbabwe the coffe costs trillions of dollars into their currency soo they adopt also us insted of that  left wing dollars

[wxa7115]

you shoud see how it fits into zinbabwe the coffe costs trillions of dollars into their currency soo they adopt also us insted of that  left wing dollars

I have a Zimbabwe dollar just to remind myself of the st*pidity of central banks, governments and those that support them.

[upsidedown75]

Well, this is a great pic to show how fiat currencies could mutate your hard earned wealth into nothing. It is not only Venezuela, but also Zimbabwe or Argentina some years ago. Even Japan has got a high inflation rate.

[knowhow]

well the countrys should readjust to the new era that has begun already on the next days

[mrhelpful]

is there anything they are doing to fix this hyperinflation. i have no idea how they're going to get out of this mess.

fiat form itself is a no option kinda situation for hyperinflation.

its why you see countries like japan are in the same route. Heck we are all in it as long the paper keeps printing.

[butdabass]

what??
that sh*t
what a money in venezuela??

[lissandra]

Well, this is a great pic to show how fiat currencies could mutate your hard earned wealth into nothing. It is not only Venezuela, but also Zimbabwe or Argentina some years ago. Even Japan has got a high inflation rate.

Basically venezuela isnt the only ones.

I mean its just they have breached to their point sooner then most countries. Look at the U.S though, its ready to hit the stages soon once we actually cant print out anymore money then it needs to..

[luciann]

you shoud see how it fits into zinbabwe the coffe costs trillions of dollars into their currency soo they adopt also us insted of that  left wing dollars

I have a Zimbabwe dollar just to remind myself of the st*pidity of central banks, governments and those that support them.

Umm when you say people who support them..

You do notice thats everyone right lol. Cause last time I checked everyone has a checkings account belonging to some private bank eg: chase, bank of america, etc.

[techgeek]

you shoud see how it fits into zinbabwe the coffe costs trillions of dollars into their currency soo they adopt also us insted of that  left wing dollars

this is how the u.s will become eventually.

its going to be sooner or later though and when it does its going to be a rude awakening for most people.

[bolivarcoin]

i launched a coin last week, hope it goes well and help the economy, website is in spanish so it will keep foreings away for the moment and in just a few days a little community is growing .
Lack of bills, hyperinflation and economical crisis are the triggers for an alternative economy.
https://bitcointalk.org/index.php?topic=1153330.0
https://chainz.cryptoid.info/boli/

[nickaizoku]

wow! is that alot in Venezuela? i mean can buy alot of thing in there? economy... well if 0.037 in my country, its like RM35, well can eat for 2 days (lunch and dinner)

[Amph]

you shoud see how it fits into zinbabwe the coffe costs trillions of dollars into their currency soo they adopt also us insted of that  left wing dollars

I have a Zimbabwe dollar just to remind myself of the st*pidity of central banks, governments and those that support them.

i don't think they support them, the problem is that, they have no choice, they can't simply go out and adopt bitcoin or crazy shit like this