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RE: New records levels again
I thought about that , but do not see it as the main incentive especially when comparing both countries(around 16% inflation and stable for Nigeria, while 800% for Venezuela).
and
(Sources: https://tradingeconomics.com/)
Yes, you're on the money! I'm Nigerian and inspite of all the economic and political instability that nation seems constantly plagued by, one thing you cannot miss is the entrepreneural tendencies in most everybody.
The last time i visited (I now live in the US) i had forgotten how one gets inundated by street hawkers when stuck in traffic, which seemed like all the time.
When I was in college, there were girls who would go to Europe...London, Rome.... for a weekend just to buy items to sell on campus.
Another friend of mine who was raised in the rural areas said by the age of 6 she had3 businesses...selling bread, kerosene and i forget the third one
This also coupled with the high level of unemployment across all age groups most prominently college graduates.
If platforms like Steemit could help provide alternatives to such youth who are victims of their environment and help them put food on their tables then i am so glad to be a part of such a community
Yes, I do see also this platform and the concept it carries like a way for many people to better their lives.
In addition to the little revenue it can bring, which can be quite significant in some countries of the world, it opens the door to education and culture through the many sub-communities that are building up here (like #Steemstem in science, or #openmic in music, etc...).
So your young friend, would there have been a Steemit around at the time, could have been learning new skills while earning money at the same time, instead of selling Kerosene in the streets.
It's not hyperinflation, but it's still at a high enough level to seriously affect people's lives. I am sure it is not the sole factor but I don't think it's a coincidence that two of our primary growth regions are places with very high levels of inflation.
I´m pretty sure inflation in Venezuela is around 2000% .