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by smallnamespace 2906 days ago
The thing is, I don't see how crypto helps solve any of those issues you enumerated.

I did specifically mention that regardless of whether you try to take crypto or USD, if your goal is to immediately convert into bolivares for survival spending, neither is easy or simple, since the government presumably wants to seize any USD it can get its hands on (the extortionate 'official' conversion rate just being a particular method of doing so).

> But at least the barrier of entry for crypto currency is much lower right now that the difficulty of getting an overseas bank account.

I don't see how that is the case, unless you have a specific example? Sure, you can get a crypto account and perhaps get someone to pay you, but you can equally well get a PayPal account denominated in USD, if you didn't already have a foreign bank account.

Neither of those can directly translate into bolivares, but at least the PayPal account can be be easily used to buy physical goods and perhaps get them into the country if you can bypass or bribe your way through customs.