TODAY 1 SATOSHI = 2 VENEZUELAN BOLIVARES

in #money7 years ago (edited)


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Today the dollar has reached a new high in the venezuelan black market and if we consider bitcoin price 1 satoshi is worth more than 2 bolivares

0.00000001 x 5692.6 = $0.000056926

0.000056926 x 36201.18 = 2.06 BsF :(

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Damn, that's crazy...
How is the cost of living there with this insane hyper-inflation.
How far can you go with, say 200$?

Monthly wage is about $9, with that you can buy food for a couple of days. Gas, water, telephone, electricity bills, services in general, are like few cents, but imported goods are impossible to get if you live on a minimum salary. $200 is a lot of money, you can live well, only need to deal with crime, scarcity or everyday craziness

I'm sorry to hear that you guys have to go through what you described. Nobody should go through that because of an incapable and inefficient government.
I thought my country was bad, but hearing what is going on in Venezuela, just makes me sad. So many people... not deserving that...

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