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Re:Ask HN: How to give cryptocurrency to people in need? by Finnucane on Monday October 01, 2018 @01:49PM (#18115018)
In Venezuela, only the local currency is a problem. You could still send dollars. And refugee camps, might be better off getting food and medicine directly.
Re:Ask HN: How to give cryptocurrency to people in need? by X6S1x6Okd1st on Monday October 01, 2018 @02:10PM (#18115223)
Sending money long distances especially crossing borders is a non-trivial problem.
Re:Ask HN: How to give cryptocurrency to people in need? by freehunter on Monday October 01, 2018 @02:24PM (#18115388)
Is that problem any harder than sending Bitcoin, converting it to real money, and then trying to spend it? Because converting Bitcoin to Venezuelan Bolivars (or USD in Venezuela) is also a non-trivial problem.
Re:Ask HN: How to give cryptocurrency to people in need? by X6S1x6Okd1st on Monday October 01, 2018 @02:46PM (#18115604)
Agreed. Imo one of the benefits of Bitcoin is that it should provide a ceiling of cost of remittance that is Bitcoin tx fees 2x + inconvenience of using it to acquire goods. Unfortunately the progress on the second front has been extremely slow