To survive Venezuela's hyperinflation, many have taken to mining bitcoin to afford basic necessities, according to the Atlantic
It is also made affordable due to the low cost of power in the country's heavily-subsidized electricity market
Bitcoin miners can make as much as $500 a month, which is enough to afford things such as baby diapers and insulin from overseas
Full Story-http://www.coinstreet.io/one-simple-trick-to-avoid-coinbase-fees/
I wrote a blog post about this just yesterday showing that cryptocurrencies can retain local people's purchasing power during a fiat collapse.
It's great to see that others are spreading the word as well.
https://steemit.com/cryptocurrency/@thoughtsoncrypto/why-i-believe-established-cryptocurrencies-provide-a-strong-safety-net-during-fiat-collapse
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