Quote from: Erkallys on September 16, 2015, 05:09:32 AM

Quote from: wxa7115 on September 15, 2015, 11:02:35 PM

Quote from: Erkallys on September 15, 2015, 07:36:42 PM

Quote from: Itun on September 15, 2015, 03:53:58 PM

Quote from: Erkallys on September 15, 2015, 10:58:12 AM

Quote from: DebitMe on September 14, 2015, 08:03:07 PM

Quote from: Erkallys on September 14, 2015, 07:58:31 PM

With a such rate (even the higer is still cheap), starting a company there is really a good idea.

Why? They don't really have anything of value to give you in exchange for your goods or services. And it would be crazy to keep any assets in their currency.

Workers seems to be cheap comparing to other countries. Plus in case of something like Bitcoin your money come from the rest of the world.

Unless some other form of currency takes over the hyperinflating one there, it wouldn't be smart to do any business there.

I wouldn't think many people there are able to spend much time researching into bitcoins when they're struggling to survive with their dead economy there.

No the plan is : your fund your company there. You build a factory that produces something, let's say spoons. They manufacture it. Then you sell it in country where you make a profit and then you pay your workers 2x the average salary. In the country where you sell it it's nothing, so you still make a profit.

Well the problem with that plan, is that the Venezuelan government can take everything away from you, and not pay you a dime. Thats why foreign investment is very low in Venezuela.

Venezuela seems to have a very high corruption, so if someone doesn't want you to settle, with a couple of bucks, he can make the government seize everything you have. In fact that's a big problem. So I now I think it's a bad idea.

Dont worry, it happens the same to me all the time, I have an idea and I think its the greatest thing since sliced bread and then I realize its not, so theres no problem.