Quote from: OROBTC on November 03, 2016, 02:15:32 AM

Quote from: th3nolo on November 02, 2016, 08:13:09 PM

Quote from: European Central Bank on November 02, 2016, 07:29:56 PM

localbitcoins weekly volume 280 btc? either the population has suddenly reduced to a few thousand or this bullshit.

i'm getting tired of these dumb articles trying to find epicness where there is none to be found.

and if you did have bitcoin why would you sell it for bolivars? you'd need a truck to pick up the cash.

So you are citizen from Venezuela ?

Local bitcoins isn't the major exchange in Venezuela there are many with better trading volume like SurBitcoin, Bitinka even Xapo .Maybe you think ok 220 btc is not much but with the inflation in my country that is a Lot of money righ here.

and why 220btc is decent here,because our goverment have hard regulations with fiat money like dolar, and euro.

but you have reason when you exchange bitcoin for Bsf you need a truck to pick up the cash.

https://coin.dance/volume/localbitcoins/VEF

Peru has next to NO Bitcoiners. Hardly anyone has ever heard of it, and last I checked a mere TWO or businesses accepted it...

My problem with the Venezuelas (etc.) adopting BTC on a large scale is that an economy still needs an "endpoint" in the BTC Ecosystem there. What can you BUY with BTC there? What can those who accept your BTC then buy? Granted, this is still a "chicken-and-egg" problem, but that really seems to be a barrier to larger scale use soon.

And a country banning BTC can indeed shut down the BTC for products in a country!

An exception (I am sure there are many exceptions to my above comments) is that the relative rich can have much of their wealth held intact with BTC.

It doesn't have to be the relative rich, who store their wealth in Bitcoin.
Apart from being a medium of exchange, money has to be a store of value. Bitcoin can perform that function in Venezuela.