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by fennecfoxen 3429 days ago
The main point is that you need to be holding a currency that isn't the bolivar, because the year-over-year inflation rate is something like EIGHT HUNDRED PERCENT as of Dec 2016.

USD, Bitcoin, commodities, food ... anything has better return than that.
2 comments
v768 3429 days ago
800% is soooooo 2016. The International Monetary Fund is planning 1600% for 2017. http://www.forbes.com/sites/timworstall/2016/07/19/congratul...
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jimmywanger 3429 days ago
Yeah. I think the point I was addressing is that if you had government contacts, you wouldn't need bitcoin.

You'd be squeezing your contacts for hard currency, which is simultaneously more lucrative and easier than mining bitcoin. Bitcoin is for people who are locked out of official exchange rates.

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