News for hackers. Stuff that matters.

A comment on SEC Rejects Rule Change for Bitcoin Exchange-Traded Fund [pdf]. Parent comment

Re:SEC Rejects Rule Change for Bitcoin Exchange-Traded Fund ... by sanswork on Friday March 10, 2017 @07:02PM (#13843216)
First up the government there have already started arresting the mining operators so probably no longer looking like that wise of an investment on their parts.

Other than that it's a much safer bet in Venezuela to buy USD than bitcoin though and that is generally what happens.

If you're poor in a country with a government like the Venezuelan one betting your limited funds on a speculative investment that requires an active internet connection to use doesn't seem wise or helpful.

[ Parent | on HN ]
Re:SEC Rejects Rule Change for Bitcoin Exchange-Traded Fund ... by LyndsySimon on Friday March 10, 2017 @07:07PM (#13843241)
> Other than that it's a much safer bet in Venezuela to buy USD than bitcoin though and that is generally what happens.

How?

[ Parent | on HN ]
Re:SEC Rejects Rule Change for Bitcoin Exchange-Traded Fund ... by sanswork on Friday March 10, 2017 @07:10PM (#13843261)
Black market currency exchanges if you need to convert otherwise you just take payment in USD only and basically treat it as your currency instead of the Bolivar.
[ Parent | on HN ]