Money is the killer Ðapp: crypto in Venezuela by Alejandro Machado & Eduardo Gomez (Devcon4)

Wed, Oct 2, 2019, 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/4/money-is-the-killer-dapp-crypto-in-venezuela 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. Speaker(s): Alejandro Machado, Eduardo Gomez Skill level: Beginner Track: Society and Systems Keywords: wealth, hyperinflation, economics, policy, store of value, currency 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 4 was held in Prague, Czech Republic on Oct 30 - Nov 2, 2018. Devcon is organized and presented by the Ethereum Foundation, with the support of our sponsors. To find out more, please visit https://ethereum.foundation/