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RE: The Hard Truth about Steem

in #steempress6 years ago

Here in Venezuela with the problems of inflation and unemployment that we are living, steemit has turned out to be an excellent help to pay expenses, here 1 Steem is equivalent to approximately 3 million Bolivares, which is our local currency. It could be said that with two SBDs already we will have earned a minimum wage here in Venezuela.

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oh my ! i'm pretty lost for words. is it easy to cash out the SBDs in Venezuela ? which are the main communities who supports Venezuela authors ?

Yes, there are several pages of change as it is @orinoco and it is really very easy to change the SBD to our local currency, the main communities that support us in Venezuela could say that they are @cervantes, @provenezuela, @theunion, among many others

So I can understand the conversion rate better, what does a gallon of gas cost you there?

  • Venezuela gas is sold in stations branded Valero here in the US.
    • It's around $2.60 USD around where I live.

Well here in Venezuela the gasoline is subsidized, it costs 0.097 Bolivares the gallon. Let's say 10,000 times cheaper a liter of gasoline than a liter of water. are those incomprehensible things that happen in socialist governments.

Wow That's bizarre!