3 ms·
Perfect example, thank you. Given the typical wage in Venezuela of late, someone looking to exfiltrate their "wealth" there would be looking at working weeks if
by cemerick 5y ago
Perfect example, thank you. Given the typical wage in Venezuela of late, someone looking to exfiltrate their "wealth" there would be looking at working weeks if not months to afford a single typical BTC transaction fee.
Again, these proposed use cases are absolute fantasies.
- phreack 5y agoOne way people have of affording these fees is by working for people outside the country who can pay a salary that would cover the fees alongside being a living wage. After building enough wealth in crypto, they can choose to leave the regime in better terms than as a refugee. This has happened many many times already, this is the most valuable use case for crypto in practice.
- esosac 5y agoi don't think you know what the typical wage in venezuela is. i do because i live here. you can watch this video if you want to know (it's not 3$ a month): https://www.youtube.com/watch?v=br7aSAXcPW4 https://www.youtube.com/watch?v=br7aSAXcPW4 say i've happened to save 1000$ and i want to leave the country and i don't want the police near the airport to take my money as they're known to do. do you think it would be an absolute fantasy for me to find some way to sell my 1000$ for bitcoin and buy them again somewhere else?
- glenvdb 5y agoI wonder if cemerick has any more comments on "absolute fantasies"... probably not.