Click to download audio version Location: Caracas, Venezuela Date: Thursday,
13th February Project: Cointelegraph Role: Journalist Venezuela is many years
into a political and economic crisis. Rooted in the Hugo Chavez presidency and
continued by Nicolas Maduro, Venezuela is a mafia dictatorship wearing the cloak
of socialism. Years of economic mismanagement and corruption has led to
financial disaster in Venezuelan, comparatively worse than the Great Depression,
Zimbabwe's 2008–2009 hyperinflation crisis and the breakup of the Soviet Union.
Hyperinflation led to significant growth in poverty, starvation and mass
migration, with millions leaving the country. With the collapse of the currency,
many Bitcoiners, including myself, asked whether Bitcoin could help.
Could Bitcoin reduce the impact of hyperinflation? Could locals mine Bitcoin at
low energy costs to earn an income? I visited Venezuela to find out. In this
interview, I talk to Javier Bastardo, a journalist for Cointelegraph, based in
Caracas, Venezuela. We discuss Venezuela's political and economic situation,
hyperinflation and the reality of Bitcoin adoption in the country.
13th February Project: Cointelegraph Role: Journalist Venezuela is many years
into a political and economic crisis. Rooted in the Hugo Chavez presidency and
continued by Nicolas Maduro, Venezuela is a mafia dictatorship wearing the cloak
of socialism. Years of economic mismanagement and corruption has led to
financial disaster in Venezuelan, comparatively worse than the Great Depression,
Zimbabwe's 2008–2009 hyperinflation crisis and the breakup of the Soviet Union.
Hyperinflation led to significant growth in poverty, starvation and mass
migration, with millions leaving the country. With the collapse of the currency,
many Bitcoiners, including myself, asked whether Bitcoin could help.
Could Bitcoin reduce the impact of hyperinflation? Could locals mine Bitcoin at
low energy costs to earn an income? I visited Venezuela to find out. In this
interview, I talk to Javier Bastardo, a journalist for Cointelegraph, based in
Caracas, Venezuela. We discuss Venezuela's political and economic situation,
hyperinflation and the reality of Bitcoin adoption in the country.
