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Certified Translator, stuck in Venezuela, looking for remote freelance work

cointotranslate.com

61–70 of 96 posts

Re: Certified Translator, stuck in Venezuela, looking for remote freelance work

#61
post #32

Earlier quoted context omitted.

No, at the moment the fees are quite low. Maybe you could trust the person asking for crypto instead of showing an anti-crypto bias?

Coin Metrics says the transaction fee stands at $7.67 which is astronomical. ETH is a bit lower at $1.39 but that is still far far higher than most payment instruments.

https://ethgasstation.info/ shows $0.092 (3 minutes) for an eth transfer and https://bitcoinfees.info/ shows $0.13 for a bitcoin transaction in the next block (10 minutes)

I have a feeling what you're looking at is old data? Transfers are cheap right now

Re: Certified Translator, stuck in Venezuela, looking for remote freelance work

#63
post #33

Hey there, another venezuelan here. if you want to help this person PLEASE dont send any money without asking for verification first, I have seen so many people lately using this "please help me im venezuelan and i am in need" to scam money, there has been at least 5 sucessfull scams on r/btc, r/bitcoin and other online forums. Also Please note that: 1- it's harder to change BTC for VEF than change USD for VEF 2- thi…

Can you not directly spend USD in Venezuela (like what happened in Zimbabwe before they switched officially)?

I mean, depends on what you mean by directly spend. You can definitely exchange USD for goods and services from individuals and small companies.

Re: Certified Translator, stuck in Venezuela, looking for remote freelance work

#64
Why hasn't some cryptocurrency replaced the bolívar as the unit of currency for most private transactions in Venezuela?

Given the Venezuelan government's poor economic management and tight restrictions on foreign exchange transactions, if cryptocurrency was going to overthrow fiat currency anywhere it should be in Venezuela.

Re: Certified Translator, stuck in Venezuela, looking for remote freelance work

#65
post #39

Earlier quoted context omitted.

op is not the Venezuelan behind the service, explained here[0]. [0] https://news.ycombinator.com/item?id=17512031

that makes it even more suspicious. The venezuelan in question, could just use any other freelancing site or a service like fiverr just like any other venezuelan or person from another country. There is countless way to get paid even if you are Venezuelan living in venezuela, you can normally have a paypal account and use tons of others services like neteller, paxum, payoneer, etc, etc. I am just warning everyone to…

http://whois.domaintools.com/cointotranslate.com is showing: Registrant State/Province: Florida Registrant Country: US

Registered today with GoDaddy.

If you inspect the source, you'll see javascript from www.unbounce.com, which charges a minimum $79/month for marketing. Minimum daily wage in Venezuela is $0.26/day according to https://panampost.com/sabrina-martin/2018/01/04/new-monthly-...

Re: Certified Translator, stuck in Venezuela, looking for remote freelance work

#66
post #33

Hey there, another venezuelan here. if you want to help this person PLEASE dont send any money without asking for verification first, I have seen so many people lately using this "please help me im venezuelan and i am in need" to scam money, there has been at least 5 sucessfull scams on r/btc, r/bitcoin and other online forums. Also Please note that: 1- it's harder to change BTC for VEF than change USD for VEF 2- thi…

To add to this to this point: 1. USD is the de facto world currency, and many (most?) banks in the world let you open an account in the local currency, plus another account denominated in USD which is absolutely necessary for doing any sort of international business 2. Venezuela's currency collapse is a problem mainly because it needs to import goods (medicine, machine tools, etc.) from the international market, whic…

Slow down, "de facto world currency" and "most banks" is somewhat exaggerated.

The dollar is still a very strong currency and in many areas the leader, but it is still not the world currency. Equally, banks do offer sometimes accounts denominated in USD but this applies mostly to larger banks, is typically a special kind of package, and is a classic foreign currency account you can open for GBP, EUR, SGD, and many other currencies too.

Re: Certified Translator, stuck in Venezuela, looking for remote freelance work

#67
post #33

Hey there, another venezuelan here. if you want to help this person PLEASE dont send any money without asking for verification first, I have seen so many people lately using this "please help me im venezuelan and i am in need" to scam money, there has been at least 5 sucessfull scams on r/btc, r/bitcoin and other online forums. Also Please note that: 1- it's harder to change BTC for VEF than change USD for VEF 2- thi…

Can you not directly spend USD in Venezuela (like what happened in Zimbabwe before they switched officially)?

You actually can, there is some ways you can do it:

1. Sellers of "normal" stuff will take USD if you "deal" with them, for example if you need to buy a motherboard, most likely the seller will instantly say yes to an USD offer before getting paid in VEF because the money wont get devaluated in USD, if you check mercadolibre.com.ve (ebay equivalent in venezuela) you can see alot of people offering USD.

2. USD is used for properties such as cars, houses, land, etc. If you want to purchase/sell some of theses you pretty much have to pay/get paid in USD, not in VEF. Of course this is because devaluation is so big that if you sell something in VEF next day you can just lose 5% out of nowhere.

3. If you own a USD debit or credit card, you can use it within Venezuela payment networks, you just wont get the black market rate, you will get the dicom rate that is currently 119.850,00 VEF per 1 usd.. while the black market rate is around 3.200.000 VEF per 1 usd, so you definetely can, just that you wont get a good rate.

And last, it takes some 10 minutes or less to deal exchange of VEF to USD at black market rates, you just need to have the most minimal social interaction, as everyone has friends, family, acquaintances, coworkers, etc who is changing this, it's just such a natural thing to do, dont let the name of "black market" make you think that is some shaddy thing that you need to do where you risk your life, its just some natural exchange of currency that most venezuelans know how to deal with.

Re: Certified Translator, stuck in Venezuela, looking for remote freelance work

#68
post #41

It's heartbreaking seeing what happened to Venezuela. It is also really scary as Venezuela was doing relatively quite well compared to other nearby nations. Democracy, functional institutions (relatively) and then .... people chose to vote in some strong men who trashed it. Granted oil prices would have resulted in real problems anyway, but nothing to the extent we're seeing now. While nobody would want that situatio…

[flagged]

Yup, Turkey is swimming in debt... and the water is getting deeper.

Re: Certified Translator, stuck in Venezuela, looking for remote freelance work

#69
post #39

Earlier quoted context omitted.

that makes it even more suspicious. The venezuelan in question, could just use any other freelancing site or a service like fiverr just like any other venezuelan or person from another country. There is countless way to get paid even if you are Venezuelan living in venezuela, you can normally have a paypal account and use tons of others services like neteller, paxum, payoneer, etc, etc. I am just warning everyone to…

It seems like you know your away around getting paid in the country, any chance you can get in touch and explain it to them? I wish I could, I'm also Venezuelan but I left in 2010 so I have no idea.

Having a paypal account with an Venezuelan adress allows you to receive payments and to spend the USD of those payments within the paypal network (any site that takes paypal payments).

You can also have other services like payoneer, paxum, skrill, neterller, etc...

Plus, as you should know since you are expat, around 20% of the population has left the country so everyone knows or have a close family/friend who is living outside who can perfectly handle payments for a person in need to receive payments.

Re: Certified Translator, stuck in Venezuela, looking for remote freelance work

#70
post #64

Why hasn't some cryptocurrency replaced the bolívar as the unit of currency for most private transactions in Venezuela? Given the Venezuelan government's poor economic management and tight restrictions on foreign exchange transactions, if cryptocurrency was going to overthrow fiat currency anywhere it should be in Venezuela.

I think you are aiming at this result, but to spell it out:

Because most cryptocurrencies are not suitable for use as a currency. They are not stable units of account, are not as easy to exchange on an everyday in-person basis as cash, and are only a stable store of value by comparison to complete disasters like the bolívar. There are attempts (e.g. https://basis.io/ or https://tether.to/) to make a crypto-currency that fills this niche, but they have flaws (Basis isn't deployed yet, and Tether is a bit scary - it's backed by a single company that theoretically owns one dollar for every Tether coin issued).

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