Quote from: CryptoBry on June 10, 2019, 03:58:46 AM

Quote from: XinXan on June 09, 2019, 03:50:41 PM

In Venezuela it was way worse with a rate of: 1 USD = ~248,487 VEF which is 0.000004 USD, 1 Satoshi was worth 20 VEF at one point, this was changed recently due to the insane inflation in Venezuela and the old VEF was converted at a rate of 1:100.000

Wow I have never thought about Venezuela which has become the poster child for bitcoin use lately. What is happening in Venezuela is really saddening. The country has all the potential to be an economic power, has many of needed resources, got political leadership that shifted away from USA (they should have used that as a big advantage) but then it was mired with wrong policies and corruption got in the way. I am wishing well the people and the government of Venezuela that things will go right soon.

It's always the people not the country. A lot of countries are fucked only because their leaders are greedy, a lot of 3rd world countries have probably more resources than many 1st world countries and yet they are still poor. Of course sometimes its not their fault but other countries leaders fault, cough cough, US, cough cough.