6,932,309,904,123 bolivares were traded in LocalBitcoin Venezuela during past week, which equals to 529 BTC. Exchange rate is around 2,500,000 Bs. per USD. Minimum monthly wage is 2,550,000 Bs. around 1 USD per month.

Hello, Venezuelan living in Venezuela.

Just posting the updated number for this week.

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

See my older posts to see the full context, any question AMA.

I just want to explain something I saw in older posts, some people say that the exchange rate is around 80,000 Bs. per USD. That is the fixed rate SET by the government, no one sells at that rate, only the government does and it's limited, they sell only around 1millon USD each two weeks which of course is NOT enough to supply the country demand.

So there is a black market / street market that works with supply and demand. Anyway, if we use the exchange rate set by the government minimum wage would be around 32 USD per month (2,550,000 / 80,000)

One kilo of meat is around 5,000,000 Bs. so using street rate that is around 2 USD using government fixed rate that is 62.5 USD, which one makes more sense?

submitted by /u/WorkingLime
[link] [comments]
Bitcoin – The Currency of the Internet

I want a smart currency based phone where the caller has to send me BTC to get me to answer, if I talk to them more than 120 seconds the phone automatically sends them back the BTC. That would effectively end spam calls..

submitted by /u/brainhack3r
[link] [comments]
Bitcoin – The Currency of the Internet

I’m tellin’ ya-#Bitcoin is going through capitulation. The moment *everyone* is exhausted from the ~7k to 9k, ~9k to ~7k, & completely over it-that’s the moment it will break ATH. At the end of the day, all prices aside, $BTC is changing the world we live in. And that’s exciting

I'm tellin' ya-#Bitcoin is going through capitulation. The moment *everyone* is exhausted from the ~7k to 9k, ~9k to ~7k, & completely over it-that's the moment it will break ATH. At the end of the day, all prices aside, $  BTC is changing the world we live in. And that's exciting submitted by /u/frankreddit5
[link] [comments]

Bitcoin – The Currency of the Internet

At times it gets old arguing with folks about the power of $BTC. So I’ll just reference the greatest quote: “If you don’t believe me or don’t get it, I don’t have time to try to convince you, sorry.” – Satoshi Nakamoto, Creator of Bitcoin

At times it gets old arguing with folks about the power of $  BTC. So I'll just reference the greatest quote: "If you don’t believe me or don’t get it, I don’t have time to try to convince you, sorry." - Satoshi Nakamoto, Creator of Bitcoin submitted by /u/frankreddit5
[link] [comments]

Bitcoin – The Currency of the Internet

Microsoft: “Some blockchain communities increased on-chain tx capacity (blocksize increases), this approach generally degrades the decentralized state & cannot reach the millions… we’re collaborating on decentralized Layer 2 protocols that run atop ‘BTC’ blockchain to achieve global scale”

Microsoft: "Some blockchain communities increased on-chain tx capacity (blocksize increases), this approach generally degrades the decentralized state & cannot reach the millions... we're collaborating on decentralized Layer 2 protocols that run atop 'BTC' blockchain to achieve global scale" submitted by /u/antonesamy
[link] [comments]

Bitcoin – The Currency of the Internet