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by pjc50
3053 days ago
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How exactly? Who is doing this? Withdrawal from exchanges into Venezuela? Who is buying bitcoins for Bolivars? How did the family get the capital asset of an antminer in the first place? How are they paying for electricity? How is this sustainable? Why is a random family able to compete with businesses that have real economy of scale, rather than having their margin driven to zero? |
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https://coin.dance/volume/localbitcoins/VEF (example of local trading)
Remittances, family abroad (easy via BTC to circumvent restrictions). Bitcoin is stable compared to a hyper inflation of +2,616%.