What it’s like to be Bitcoin..... HaHa

in #bitcoin9 years ago

I know this is a joke and all of you obviously know what goes in the background of making the bitcoin price fluctuate. I really believe that what will bitcoin go far, far away is more forced adoption like what happens in my country.
The huge inflation and centralization makes you desperate and stressed because your savings basically disappear in front of your eyes. As an example, last month 1USD was 22'000VEF, right now 1USD is worth 82'151VEF, which means if you had the equivalent of $100 last month in your bank, now you have $26.7. Crazy.
Centralization has taken us to an age where we can't send or receive funds internationally, neither through bank transfers or credit/debit card transactions, there's no way for us to legally acquire international money because our government shut that possibility down years ago and of course no other country will take our currency if we brought cash with us outside the country, not that it is possible as there's a huge cash shortage too, cash has disappeared because it's being illegally sold for more than 3x it's VEF value in the border with Colombia, i'm not sure what they do with it over there, i'm guessing they use the bills, wipe their ink and print fake dollars or something, the paper from the bills is way more expensive than what the currency is worth, funny to see it that way...
So anyway, our only way to properly save money is to either purchase valuable things like houses or cars, which of course lose value over time too due to our inflation but doesn't lose value as fast as our currency as those are sort of more matched up against the dollar than our currency. Or buying USD in cash in the black market and storing it, which is not a good idea due to our high crime rate.
Another option is using paypal, payza, payoneer or the like which have their risk as well, in the USA when you use paypal, you can withdraw and deposit with your bank account, or deposit with your card... But in here you can only receive money on your paypal from other paypal accounts, and send money to other paypal accounts, but you can't link Venezuelan cards, nor bank accounts because of what i explained above. So you can't withdraw your money. And if your accounts gets frozen you lose it forever no matter how much money there is.
Then comes bitcoin, history has shown it is completely deflationary and decentralized, i don't have to go into the details as you all know them, but we as Venezuelans also have the option to purchase bitcoins through localbitcoins with our currency through bank transfers in a really safe and secure way by using traders with thousands of transactions, and 100% positive feedback. I'm a web developer myself and i work online for clients in other countries, in the past i had to deal with all types of shit from payment processors, as well as being scared for my funds, i got my personal account frozen because my best friend opened his account on my house one day, and our accounts got linked together, then they thought we were the same person using different IDs for different accounts, we called, we emailed, we messaged, we did everything we could but there was no way to change their minds and their "this decision is final" replies.
I used payoneer but they closed my account too as they do not allow tobacco, and i billed through them for a website i made for a client that sells tobacco. You guys agree that's bullshit right? I just developed the site and charged for the development, no tobacco in that transaction.
Anyway, before you ask, i used exchangers to convert paypal/payoneer/whatever to my currency that i can actually spend here, said exchangers would take a cut of about 20% of my money, if i tried to exchange $100, i would only get $80 equivalent in my currency. With bitcoin i can sell in localbitcoins right now for just -5% exchanging fee!
People also always ask about how mining fees affect me, before you do i'll go ahead and answer, they don't, i never pay more than 0.80 cents total per transaction, it's a lot lower of a fee than what i used to pay on payment processors, not only that but my money won't get frozen for bullshit, i'm not stressed out all day thinking that i may lose it due to some guy just feeling like clicking block on my account.
Anyway, in a country such like this, those that can are forced to move their money to Bitcoin, i think as more time goes by and more people can afford to get into it (Not many can here sadly, minimum monthly wage is $4.5 a month right now, people are sadly barely eating once a day with that so no way of saving...)
I'll stop here as i have already written quite a lot. Anyway, just wanted to share some knowledge!

Sort:  

bitcoin money is very powerful

bitcoin is the best crypto currency

yes bitcoining mining is very কষ্টকর

Coin Marketplace

STEEM 0.04
TRX 0.32
JST 0.099
BTC 63963.38
ETH 1844.15
USDT 1.00
SBD 0.38