Hacker News Reader

A pile of USD can get you robbed and tossed in jail in Venezuela these days.

Is there any way official way to exchange BTC for Venezuelan Bolivar? Is exchanging BTC really any different from the way you would realistically exchange USD? My guess is any currency transaction will use a parallel or black market due to the ridiculous official rates.

https://dolartoday.com/

There is no official way to do anything in Venezuela without these new ID cards.

That's what makes it important to enable Venezuelans to hustle with each other unofficially, sub rosa.

DOn't get me wrong: I loathe bitcoin and its boosters, and I pity anyone who actually needs it to get by. But Venezuelans are in that number.

> A pile of USD can get you robbed and tossed in jail in Venezuela these days.

If people know you have Bitcoin, they can just beat the wallet password out of you and throw you in jail just the same.

Reply on news.ycombinator.com