Quote from: The Pharmacist on October 15, 2018, 01:58:21 PM

Quote from: Sirait on October 13, 2018, 01:26:54 PM

based on https://www.livebitcoinnews.com/venezuelans-turn-to-bitcoin-and-online-gaming-to-survive/
when government policies make them miserable, they find ways to survive.

I can tell this is going to turn into a shitpost-filled thread very quickly, but what the hell, I'll post anyway.

Venezuela is obviously in a hyperinflationary crisis, but I'm not sure how much they're relying on bitcoin to save them. I have read articles like the one OP quoted above, but it's never clear when I read them to what extent Venezuelans are actually using crypto in lieu of their local currency. I'm sure some of them are, but I would imagine that the US Dollar is also popular, and I think there are some South American countries that use the USD alongside their own currency.

As I don't live in a country being rocked by hyperinflation, I can't say bitcoin has been my "savior" by any means. All the money I've earned from signature campaigns is still less than I make with my real-life job, and spending bitcoin for practical things can be a pain in the ass since not a single one of my local merchants takes bitcoin--if I want to buy groceries, gas, pay my rent and utilities, or any other daily expense, I have to use fiat.

I'm sure bitcoin has changed some people's lives, but I also think idiots tend to exaggerate its effect on them for the sake of writing something positive for a signature campaign--hence why I said this thread will rapidly become a spam fest.

The most honest and real reply I have read here. Very funny how most folks would over exaggerate its effect. Well for me bitcoin hasn't really had any effect on me other than increasing my knowledge on how the financial institution and the economy works.