4 ms·

Last I heard (on planet money), the median wage in Venezuela was enough to buy just less than two eggs per day. How much can they spare for investment? https:/

• ricardobeat 7y ago
  Not for investment, but for protecting the value from one day to the next, since inflation is 25000%/year. (I’m just hypothesizing here, would love to hear from someone who knows what is going on)
• sodafountan 7y ago
  What they need is a stable electric grid and local miners selling to local exchanges - that way they can transact directly in Bolivar or barter if the currency ends up becoming completely worthless. I'm not necessarily saying any of that is practical, but a stable electric grid and internet access is key - perhaps renewable energy and access to the blockstream satellite would be the solution