I do not know if this is a real project or if this is a joke, the currency of the Venezuelan government is not worth a thing but why someone will need to use this coin if they can use bitcoin or other coins that are more stable and more valuable than this coin is ever going to be.
it's easy, because here in Venezuela u don't have access to any crypto currency, in Venezuela the people like us can't buy USD or any international currency in a legal way.
This is absolute rubbish - Venezuelans are mining both bitcoin and ethereum, thanks to their very cheap subsidized electricity:
https://www.theatlantic.com/magazine/archive/2017/09/big-in-venezuela/534177/To survive, thousands of Venezuelans have taken to minería bitcoinmining bitcoin, the cryptocurrency. Lend computer processing power to the blockchain (the bitcoin networks immense, decentralized ledger) and you will be rewarded with bitcoin. To contribute more data-crunching power, and earn more bitcoin, people operate racks of specialized computers known as miners. Whether a mining operation is profitable hinges on two main factors: bitcoins market valuewhich has hit record highs this yearand the price of electricity, needed to run the powerful hardware.
Electricity, it so happens, is one thing most Venezuelans can afford: Under the socialist regime of President Nicolás Maduro, power is so heavily subsidized that it is practically free. A person running several bitcoin miners can clear $500 a month. Thats a small fortune in Venezuela today, enough to feed a family of four and purchase vital goodsbaby diapers, say, or insulinonline. (Most web retailers dont ship directly to Venezuela, but some Florida-based delivery services do.)
Venezuelas most resourceful miners, in fact, are moving on to a new inflation-buster: the cryptocurrency ether (ETH). The profit margins are higher and, more important, the risk factor is much lower. Mining ETH or bitcoin is pretty much the same principle: using free electricity to generate cash, one Venezuelan miner told me. But ETH mining is more affordableall you need is free software and a PC with a video card. Any police officer is easily fooled into thinking your ETH miner is just a regular computer.
If you were Venezuelan you would know this. I bet you are an outsider trying to take advantage of their situation to launch a currency for your own benefit.
...
"If you were Venezuelan you would know this. I bet you are an outsider trying to take advantage of their situation to launch a currency for your own benefit" ... dadagoogoo.
Dear friend,
We not only know that you are utterly wrong
WROOOOONG, but we also know this:
Some Venezuelans do mine, but in general it is extremely difficult, since you can only buy Bitcoins, Ethers or any other ICO with USD, and other currencies, and trust me, you cannot buy BTCs with bolivares, the Venezuelan currency. Since 2003 you cannot buy USDs or Euros or even Pesos, my defamatory friend, and it is punished by the law, I doubt thousands of people are mining.
The mining equipment, you must know this if you are human, is not cheap, and though in 2006 it was kind of easy to mine even with a computer, now it is almost impossible to start if you dont have access to exchange currency. Even getting BS (official acronym of the bolivares) to buy things is difficult, because it is worthless.
m/2017/03/28/venezuelan-just-announced-a-new-currency-rate--and-nobody-cares.html]https://www.c[Suspicious link removed]m/2017/03/28/venezuelan-just-announced-a-new-currency-rate--and-nobody-cares.htmlhttps://www.nytimes.com/interactive/2016/12/30/world/americas/venezuela-hyperinflation-100-bolivar-maduro.htmlhttp://www.reuters.com/article/uk-venezuela-economy-idUSKBN18L03Chttp://www.reuters.com/article/us-venezuela-economy-idUSKBN19N0X5Also, my dreamy fella, Venezuela is not an electric paradise as you say. Electricity in Venezuela has always been subsidized, not only with Chavez, but before, just like gas. But since the electric crisis begun a few years ago we suffer constant electric shortages that, you may also know, little Tesla, damage equipment. But what about the internet? Is it also cheap and easy to access? Well, for your knowledge, we also have the worst internet in Latin America, let us not speak of the rest of the World.
http://www.newyorker.com/tech/elements/the-electricity-crisis-in-venezuela-a-cautionary-talehttps://advox.globalvoices.org/2016/06/08/in-venezuela-electrical-shortages-limit-basic-communication-and-free-expression/https://steemit.com/venezuela/@acutebonobo/internet-in-venezuelaBut hey! Venezuela is a spring of crypto freedom
NOT! Cryptomining is also under legal suspicion and investigation, because you cannot use the free electricity for profit, and that you cannot consume but a certain amount of Watts
Wh Whats? Yeah. If you dont believe me believe this:
https://www.cryptocoinsnews.com/venezuelan-authorities-destroy-bitcoin-mining-center-crackdown-continues/Here is the benefit we are taking from this: To school uninformed people about what controls, regulation, corruption can do to an economy, and to offer a solution to liberate people from shitty central-bank-issued currency
However, after receiving all this information, and informing yourself of what are we going through, you should contribute to Coinless
I mean, as a matter of decency, alyssa85
a matter of decency.
Yes, we are so so Venezuelan
Do you want more proof? LET THE PEOPLE SPEAK
https://www.youtube.com/watch?v=Iec8iMuAFEM