devcon 4 / money is the killer dapp crypto in venezuela
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Money is the killer Ðapp: crypto in Venezuela
Duration: 00:25:43
Speaker: Alejandro Machado, Eduardo Gomez
Type: Talk
Expertise: Beginner
Event: Devcon
Date: Invalid Date
We want to talk about real-world cryptocurrency use in avoiding forex controls, preserving one's wealth while fleeing an authoritarian regime, and escaping hyperinflation. Venezuela is in a deep economic crisis of its own making: relentless money printing and disastrous fiscal policies have brought the country to the edge of collapse. Eduardo will tell his own story of people using cryptocurrency as an unstoppable store of value and medium of exchange. Alejandro will recount how the crypto community, including projects like Zcash, BitcoinVenezuela.com, and MakerDAO, are researching how to allow Venezuelans to gain access to open money that, unlike the dying bolívar, will not consistently depreciate 50%+ each month, and that anybody could use.
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