I would travel to Colombia to get dollars or get someone else to do it. I believe that's how it works now. Do poor Venezuelans buy food and pay for electricity using Bitcoin? I find it hard to believe.
https://www.theatlantic.com/magazine/archive/2017/09/big-in-venezuela/534177/ http://www.news.com.au/technology/o...n/news-story/b4ee91a802ed265a237699aa2ed4dd44
Interesting. Makes me think how much of Bitcoin's value is depending on Venezuela doing badly, assuming they wouldn't mine it if the economy was doing better and electricity would cost more. Isn't Iceland producing way more energy than needed? They could set up government bitcoin mining operations to fill their coffers.
https://www.nytimes.com/2015/05/03/magazine/how-bitcoin-is-disrupting-argentinas-economy.html Article describes how it was an Argentinian telling his friends and lecturing at conferences that started the first bitcoin rally (We are now in the fourth.)
Do you guys know what poor Venezuelans like? Paying $19 for bitcoin tx fee when their average monthly income is $32! "Including Venezuela's equivalent of food stamps, the total pay package now rises to 250,531 bolivars, or $32.19 a month." http://money.cnn.com/2017/07/02/news/economy/venezuela-minimum-wage-hike/index.html --------------------------------- Is there a way to figure out how much of the newly mined coins enter the market right away? (let's say in the following 3-4 weeks) I couldn't find any data on it so I estimate that probably half, but that could be way off...
In some places mining is dangerous: https://www.cnbc.com/video/2017/08/30/bitcoin-mining-can-land-you-in-jail-in-venezuela.html