Hyper-inflation, lack of food, water, basic goods, and safety. Venezuela has fallen apart over the years, and there isn't much hope in sight for the Government to turn things around.
Jose is in Venezuela running a charity, EatBCH. With Bitcoin Cash donations from around the world, Jose and the team help acquire food and cook meals for people in 6 different states across the country.
What is life like in Venezuela today? How does commerce work and what money is used?
Timestamps: 2:51 - Jose's recent trip to D.C. for the CSIS conference 4:45 - The logistics of going from Venezuela to D.C. 6:48 - What is Venezuela like right now? Food, water etc. 9:42 - Refugees and cryptocurrency 11:14 - Do young people stay in Venezuela? 13:11 - What are typical salaries in the country? 14:09 - Can you pay for everyday things with cryptocurrency? Cash? Credit cards? 16:58 - Do cryptos really work in Venezuela? 18:45 - How does Jose make a living? 20:57 - Behind the scenes of EatBCH 23:10 - Why transaction fees matter. In practice there is a big difference between 10 cents and a fraction of a cent. 24:59 - How many people can be fed for 5 dollars?
Mentioned in the show: EatBCH: https://twitter.com/eatbch CSIS https://www.csis.org/events Help Jose Directly: bitcoincash:qr2zkwyl5j9hfn5xrflw0trm34ja4q60lsc7r8683q
