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RE: Bitcoinization, what is it and is it happening already?
Hi Geronimo, how much fees are you paying to transfer bitcoin? When I transferred some bitcoins before the last fork my fee was several dollars. When I transferred some a two weeks ago, the fee was just $0.04. The second fee is probably low enough for BTC to be used in day to day transactions, like buying coffee - at least in the richer countries.
I am not sure how or why the fee fluctuates like this.
I agree, with segwit wallets I'm paying fees of just $0.06 cents. This can be improved further but I doubt it's a barrier to entry for Venezuela. Here are some cost of living estimates: https://www.numbeo.com/cost-of-living/country_result.jsp?country=Venezuela
Wow, some things are very cheap. Beer $0.72, meal $3.00, gasoline $0.01. It's hard to believe the gasoline price.
they import gasoline?
Pdvsa imports 70% of the gas consumed by the domestic market
The country's refineries process 420,000, of 1.3 million barrels a day of its installed capacity.
here we are so bad that even gasoline is scarce due to lack of production. they are making long queues to get the fuel.