Last week 1,190 BTC (all time high) were traded using localbitcoins in Venezuela. One BTC is around 1,900,000 BsS (all time high too). Montly minimum was increased from around 5 USD (1800 BsS.) to 12 USD (4500 BsS.). Inflation in the last three months was 400,000%.

Hi guys, monthly update. I'm Venezuelan living here, each day needing more money to survive. It's incredible how inflation is reaching even "hard" currency like USD or EUROS.

https://www.bloomberg.com/features/2016-venezuela-cafe-con-leche-index/

http://dolarbeta.com/

https://coin.dance/volume/localbitcoins/VES/BTC

AMA

BTW: Maduro "ordered" to change the value of the petro v2 (Venezuelan "crypto") from around 3,600 BsS. to 9,000 BsS.

http://mppre.gob.ve/en/2018/11/29/president-nicolas-maduro-salary-increase-petro/

submitted by /u/WorkingLime
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Bitcoin – The Currency of the Internet

Venezuelan update: One BTC is around 1,524,000 BsS. (Bolivares, more than 100% increase in around 1 month), monthly minimum wage is around 8 USD -0.0013 BTC- and inflation keeps going on (even in USD). 915 BTC were traded last week using Localbitcoin data.

Hello,

You can check the "Coffee with milk index made by Bloomberg" https://www.bloomberg.com/features/2016-venezuela-cafe-con-leche-index/

Government "set" the prices of some goods and what happens is that they set the price is under the production cost. But now people just don't care, price is set at 90 BsS. per kilo (which is around 45 usd cents) none wants to sell at that price, people is selling it at around 700 Bs. (3 USD) and nothing happens.

Government ordered all the banks to show your balance in petro cryptocurrency as well (Government cryptocurrency), if you have 3600 BsS. (15 USD) in your account it will show 1 Petro. Even BBVA and Citibank had to do this.

You can check the 24h volume here http://dolarbeta.com/ and the last week volumen using Coindance

AMA anything

submitted by /u/WorkingLime
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Bitcoin – The Currency of the Internet

As a leather worker, it is hard to use crypto in my day to day life, as most of my day to day life revolves around what I do for work. So it’s good to see one of the oldest types of business (a leather tannery) adopting one of the newest forms of payment!

As a leather worker, it is hard to use crypto in my day to day life, as most of my day to day life revolves around what I do for work. So it's good to see one of the oldest types of business (a leather tannery) adopting one of the newest forms of payment! submitted by /u/whiely
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Bitcoin – The Currency of the Internet

Do you speak more than one language? Then help spread Bitcoin around the world by translating Bitcoin.org!

Hello Everyone,

My name is Simon AKA Komodorpudel (I know, my name on Reddit is Komodor123, but that is a different story 😊) and I help manage the translation efforts for Bitcoin.org (https://bitcoin.org/en/). Bitcoin.org is by no means Bitcoin’s official website, but it has been one of the most visited Bitcoin websites for quite some time. And a few months ago, in August, Bitcoin.org turned ten years old.

When I started to assist with the German translation in 2013, the site was just redesigned, numerous pages were added, additional Bitcoin-software was listed, and the translation system was created. The objective was providing an independent and transparent source of information; I was happy to help. Back then, Bitcoin was hovering around a one billion USD market cap and MtGox was still a thing (at least for a few more months 😊).

A lot of things have changed since then. Bitcoin has matured; exchanges have grown out of nowhere and millions of people have entered the space. Bitcoin now offers relief for people in countries such as Venezuela, Big 4 firms provide blockchain services, US presidential candidates accept bitcoin donations, and in general blockchain is the new “solution” for everything 😊.

But a few things stayed the same. Bitcoin.org remains a leading source of information about Bitcoin, currently available in 27 different languages. While the site has had its share of controversies, this does not change the fact that just about everything is still handled publicly through GitHub (https://github.com/bitcoin-dot-org/bitcoin.org/) and everyone can participate (unlike some of the other Bitcoin-related websites people may end up on). I personally do not agree with certain opinions of Cobra-Bitcoin, the co-owner of Bitcoin.org, but Bitcoin.org itself remains very transparent and I can personally vouch for the content on the website.

Over the years, many dedicated volunteers have helped Bitcoin.org by adding content and translating it into their language; thank you very much! But like for all of us, life goes on. Many volunteers got a new job and no more time to spare, founded a family, or simply lost interest in Bitcoin and dedicated their time to new projects. Nobody can blame them for that, but this ensures that Bitcoin.org is in constant need for volunteers that help translating the site.

Thus, I want to address a new generation of Bitcoin-interested people here on Reddit – please help support Bitcoin and Bitcoin.org! Help us spread Bitcoin around the world! There is a lot of stuff to translate and we are more than happy to welcome you!

You can find information on how to get started with translating here: https://github.com/bitcoin-dot-org/bitcoin.org/blob/master/docs/assisting-with-translations.md#getting-started-with-the-translation-team

Feel free to join or Telegram Group (Infos can be found in the previous link) and introduce yourself!

All work is on a voluntary basis, but thanks to a previous sponsorship from Paxful, people who translated during the summer were contacted so they could be paid some bitcoin for their efforts, and we plan to offer more of these opportunities in the future!

Thank you very much for your time! If you have any questions, do not hesitate to ask them here or by writing me on Telegram (Username: “@Komodorpudel”).

Best regards,

Simon

submitted by /u/Komodor123
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Bitcoin – The Currency of the Internet