Bitcoin Forum
December 10, 2016, 10:21:20 PM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 »  All
  Print  
Author Topic: How can Bitcoin help my people in Venezuela?  (Read 2770 times)
Maria
Sr. Member
****
Offline Offline

Activity: 454



View Profile
June 25, 2011, 04:56:25 AM
 #1

I have family and friends in Venezuela who want to purchase computers and cameras from the US, but have a limit imposed by the government of 400.00 USD Max per year on On-line purchases. I do not live in Venezuela so I do not know any details of why this is so...Can Bitcoin Help? How about Cuba?

Maria.
1481408480
Hero Member
*
Offline Offline

Posts: 1481408480

View Profile Personal Message (Offline)

Ignore
1481408480
Reply with quote  #2

1481408480
Report to moderator
1481408480
Hero Member
*
Offline Offline

Posts: 1481408480

View Profile Personal Message (Offline)

Ignore
1481408480
Reply with quote  #2

1481408480
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481408480
Hero Member
*
Offline Offline

Posts: 1481408480

View Profile Personal Message (Offline)

Ignore
1481408480
Reply with quote  #2

1481408480
Report to moderator
Serge
Legendary
*
Offline Offline

Activity: 1050


View Profile
June 25, 2011, 05:08:04 AM
 #2

Doesn't US have embargo for Cuba and Venezuela? This probably means there is no direct transit to these countries from the US
hugolp
Hero Member
*****
Offline Offline

Activity: 742



View Profile
June 25, 2011, 05:10:31 AM
 #3

How does the government enforce those regulations? Depending on how they are enforced and where the control is Bitcoin might or minght not be of help.
Maria
Sr. Member
****
Offline Offline

Activity: 454



View Profile
June 25, 2011, 05:14:28 AM
 #4

I know B&H Photo Video ships from New York to Venezuela with no problem. The problem is if they want to buy a 500.00 dollar Laptop, they can't do it. 400 is the Max per year they can spend in USD on-line.
hugolp
Hero Member
*****
Offline Offline

Activity: 742



View Profile
June 25, 2011, 05:18:57 AM
 #5

I know B&H Photo Video ships from New York to Venezuela with no problem. The problem is if they want to buy a 500.00 dollar Laptop, they can't do it. 400 is the Max per year they can spend in USD on-line.

But how is that enforced? I guess the shop does not control if you are buying from Venezuela or wherever. Probably the government checks the goods when they go through the fronteir and checks that they are not more expensive than the limit.

In this case the form of payment is kind of irrelevant. If this is not the case and the control is in the money part then Bitcoin might be of help.

Saludos desde España Wink
Maria
Sr. Member
****
Offline Offline

Activity: 454



View Profile
June 25, 2011, 05:23:00 AM
 #6

This 400.00 USD is given to them in a Visa/MC form. They can bundle up 4 or 5 cards and buy a what they want, but they usually pay 800.00 USD or more for these 400.00 USD Visa cards.
Maria
Sr. Member
****
Offline Offline

Activity: 454



View Profile
June 25, 2011, 05:25:02 AM
 #7

I know B&H Photo Video ships from New York to Venezuela with no problem. The problem is if they want to buy a 500.00 dollar Laptop, they can't do it. 400 is the Max per year they can spend in USD on-line.

But how is that enforced? I guess the shop does not control if you are buying from Venezuela or wherever. Probably the government checks the goods when they go through the fronteir and checks that they are not more expensive than the limit.

In this case the form of payment is kind of irrelevant. If this is not the case and the control is in the money part then Bitcoin might be of help.

Saludos desde España Wink
Saludos desde New York City!
d3wo
Member
**
Offline Offline

Activity: 69


Kupo!


View Profile
June 25, 2011, 05:27:46 AM
 #8

Maria -> Bitcoin -> country outside us -> Venezuela ?

Donations Welcome: 1GD3Sg3xcAzoc4V2SbkdTkFT9acio65Wr9
hugolp
Hero Member
*****
Offline Offline

Activity: 742



View Profile
June 25, 2011, 05:43:37 AM
 #9

This 400.00 USD is given to them in a Visa/MC form. They can bundle up 4 or 5 cards and buy a what they want, but they usually pay 800.00 USD or more for these 400.00 USD Visa cards.

Then it seems Bitcoin could help. What I dont understand is what is stopping you from getting their money, buying the computer (or whatever) for them in New York and then send it to Venezuela. If the problem is on how they wire you money then Bitcoin might help, the only problem is how do they buy bitcoins. I dont know if there is anyone selling bitcoins in Venezuela. You would not have problems changing bitcoins for dollars to buy the stuff and maybe you can even find a shop that accepts bitcoins.
Shades
Newbie
*
Offline Offline

Activity: 28



View Profile
June 25, 2011, 05:45:10 AM
 #10

There is ... errr ... somewhat shady way.
They buy BTC for enough value (using multiple accounts to avoid the limit) and send them to you to make the purchase (or use one of our merchants here, accepting BTC) > purchase the goods via BTC or $ after trading them back > send them to a virtual mailbox address (e.g. shipito.com) > then you fill out a "custom" customs declaration  Grin (they allow you to do that) > send to Venezuela.

Yes, I know it's illegal in the US, as well as in many other countries (including here in BG), but is a small time job when avoiding such restrictive government regulations as this stupid $400 limit.


Другият вариант е да получат "подарък" от някой роднина (ако и за подаръците няма лимит от $400)  Huh

Post helpful? Please consider tipping Smiley
1L5UtcKxm5S1NPSc68TJMH4eN9wF1mzDS3
Vinnie
Full Member
***
Offline Offline

Activity: 126


View Profile
June 25, 2011, 05:46:47 AM
 #11

Maria - you are uniquely positioned to start one hell of a business. My advice? Start a local exchange.

Anonymous Cash-By-Mail Exchange: https://www.bitcoin2cash.com
niemivh
Full Member
***
Offline Offline

Activity: 196



View Profile
June 25, 2011, 05:54:42 AM
 #12

Maria - you are uniquely positioned to start one hell of a business. My advice? Start a local exchange.

Don't let Hugo catch ya!

 Wink

I'll keep my politics out of your economics if you keep your economics out of my politics.

16LdMA6pCgq9ULrstHmiwwwbGe1BJQyDqr
qikaifu
Full Member
***
Offline Offline

Activity: 168


God creats math and math creats bitcoin.


View Profile
June 25, 2011, 07:25:28 AM
 #13

I have family and friends in Venezuela who want to purchase computers and cameras from the US, but have a limit imposed by the government of 400.00 USD Max per year on On-line purchases. I do not live in Venezuela so I do not know any details of why this is so...Can Bitcoin Help? How about Cuba?

Maria.

Your friend can set up a porn site which accept and only accept bitcoin. Then he can buy computers and cameras at memorydealer.com directly, or just sold the bitcoin at tradehill.com or bitcoin7.com, then purchases the computer and camera.

If you see any of my suggestions useful, please donate me. http://btc.to/ec
Anonymous
Guest

June 25, 2011, 07:28:19 AM
 #14

I have family and friends in Venezuela who want to purchase computers and cameras from the US, but have a limit imposed by the government of 400.00 USD Max per year on On-line purchases. I do not live in Venezuela so I do not know any details of why this is so...Can Bitcoin Help? How about Cuba?

Maria.

Your friend can set up a porn site which accept and only accept bitcoin. Then he can buy computers and cameras at memorydealer.com directly, or just sold the bitcoin at tradehill.com or bitcoin7.com, then purchases the computer and camera.
Honestly, how could this be remotely considered socially acceptable?
ND
Jr. Member
*
Offline Offline

Activity: 46


View Profile
June 25, 2011, 08:25:55 AM
 #15

but i dont understand why they cant send the money to you? That way you can purchase the stuff for them and send it to venezuela.

If they cant send the money to you (i really dunno why they cant), make them buy bitcoins, send bitcoins to you, you sell the bitcoins to get the money back, buy the stuff and finally send stuff to venezuela.

Donations: 171jPhmTb7DeqmfB2ahASwdXttNASqKFnR
BubbleBoy
Sr. Member
****
Offline Offline

Activity: 322



View Profile
June 25, 2011, 08:50:25 AM
 #16

Venezuela is a profoundly state planned economy. I assume the regulation are a form of capital control to avoid massive foreign currency leaks from the country and to discourage imports. Regardless if it's implemented as a cap on domestic credit cards or as cap on the amount of foreign currency that's being sold to the population, the primary problem stems from the fact that the government wants control over foreign currency/imports. The result is that black market $ or Eur is more expensive than official exchange rate, that's why a 400$ credit card is worth 800$.

To bypass the limitation you need to:
1. Find a cheaper way to buy $s of the black market (they have probably explored this so it's unlikely)
2. Earn bitcoins in the local venezuelean economy.
3. Put a BTC bounty on Chavez' head and be a free nation again (risky)

http://www.economist.com/blogs/freeexchange/2010/06/capital_controls
Quote
Finally, not to be outdone, Venezuela is once again going back to a multi-tiered exchange rate. After closing down the unregulated, freely-floating exchange market, the government has set up a three tier system with characteristically little transparency on how the exchange rates will be set. The controlled exchange rate is the government's attempt to get inflation under control, which has been driven by a shortage of foreign currency for imports.
Gabi
Legendary
*
Offline Offline

Activity: 1050


View Profile
June 25, 2011, 09:40:45 AM
 #17

What if you use € instead of $?

Otherwise you need a way to use bitcoins to get things from USA. Like you buy bitcoins in Venezuela, use them to buy like "gift card" for amazon or what else in USA and then use these to get the stuff? Uhm... no, it's still a $ purchase...
cloud9
Member
**
Offline Offline

Activity: 70


View Profile
June 25, 2011, 10:01:14 AM
 #18

Like all other asset, digital goods like cryptographic key pairs to a global accounting database (Bitcoin), should protect you from a monetary crisis like the world has seen all over.  Is the first signs of monetary crisis the blocking of savings accounts - not allowing early withdrawals (not even with penalties)?

The longer the asset's value memory is however (like gold having a value memory of several thousands of years as a secure physical accounting sytem), the better.  Bitcoin, as a secure digital accounting system good / asset, is still building up a value memory.

Disclaimer:  Postings of Cloud9 are only individual views of opinion and/or musings and/or hypothesisses.  On a non-authoritative, peer-to-peer public forum, you do not need permission from Cloud9 to derive your own conclusions or opinions, so please do.  Calculations and assumptions to be verified.
justusranvier
Legendary
*
Offline Offline

Activity: 1400



View Profile WWW
June 25, 2011, 11:25:15 AM
 #19

I have family and friends in Venezuela who want to purchase computers and cameras from the US, but have a limit imposed by the government of 400.00 USD Max per year on On-line purchases. I do not live in Venezuela so I do not know any details of why this is so...Can Bitcoin Help? How about Cuba?

Maria.

Your friend can set up a porn site which accept and only accept bitcoin. Then he can buy computers and cameras at memorydealer.com directly, or just sold the bitcoin at tradehill.com or bitcoin7.com, then purchases the computer and camera.
This is actually a fairly reasonable solution.

If you want to use Bitcoins to solve this problem there are two aspects to consider: how people in Venezuela can obtain Bitcoins and how they can spend them. The spending part is has already been covered but as far as obtaining Bitcoins what you need is a product or service that you can export, ideally something that can be delivered over the internet.
w1R903
Full Member
***
Offline Offline

Activity: 218


View Profile
June 25, 2011, 12:12:09 PM
 #20

Another possibility for earning bitcoins would be if a member of your family is good at translating.  They could sell translation services online for bitcoins.

4096R/F5EA0017
Pages: [1] 2 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!