Money At The Edge: How People Stay Afloat in Venezuela by Alejandro Machado (Devcon5)

Fri, Oct 2, 2020, 12:00 AM

Visit the https://archive.devcon.org/ to gain access to the entire library of Devcon talks with the ease of filtering, playlists, personalized suggestions, decentralized access on IPFS and more. https://archive.devcon.org/archive/watch/5/money-at-the-edge-how-people-stay-afloat-in-venezuela The Open Money Initiative has gone into the field to understand how Venezuelans survive in the midst of heavy capital controls, criminalization of free markets, and hyperinflation. We'll share stories from places like Cúcuta, where worthless bills are used as art and home decor, and Caracas, where individuals are saving in bitcoin, trading it for local currency only at times of essential purchases. We'll discuss concepts for products and services in places where regimes have a tight grip on society, and how they relate to cryptocurrency. Speaker(s): Alejandro Machado Skill level: Beginner Track: Society and Systems Keywords: open money initiative, venezuela, general Follow us: https://twitter.com/efdevcon, https://twitter.com/ethereum Learn more about devcon: https://www.devcon.org/ Learn more about ethereum: https://ethereum.org/ Devcon is the Ethereum conference for developers, researchers, thinkers, and makers. Devcon 5 was held in Osaka, Japan on Oct 8 - 11, 2019. Devcon is organized and presented by the Ethereum Foundation, with the support of our sponsors. To find out more, please visit https://ethereum.foundation/