thebarefootvc

MARCH 4, 2022

Since its debut in 2009, Bitcoin has been heralded as a self-sovereign alternative to government controlled fiat. Yesterday, Infura, a cloud -based node network for Ethereum, cut off access for wallets in Venezuela and quickly reversed course blaming the outage in code that was implemented to comply with sanctions against Russia.

Ukraine 45

Ukraine Russia Venezuela Global 45

thebarefootvc

AUGUST 21, 2018

Last week I wrote about how geopolitics can impact demand for public blockchain cryptocurrencies such as bitcoin. In Venezuela, where citizens have flocked to bitcoin in light of hyperinflation, the government countered by announcing a state-controlled cryptocurrency called the petro.

Venezuela 45

Venezuela Turkey Government Demand 45

thebarefootvc

AUGUST 13, 2018

Bitcoin was priced at a 12-15% premium on Indian exchanges vs US exchanges during that time given the increased demand. Similarly, in Venezuela, which has seen annual inflation of 4000%+, cryptocurrency serves as a safe haven. In order to protect themselves from such a move in the future, many people turned to the crypto market.

Venezuela 40

Venezuela Turkey India Portfolio 40

Hearpreneur

AUGUST 19, 2015

I originally came from Argentina, and lived in Brazil and Venezuela before moving to the US. — in a class so high in demand that I had to wait several quarters to take it? The unstable economy demands that you develop entrepreneurial skills. Mike & Aaron May, Pacific Issue ! #12) 12) We Wanted to Help.

Entrepreneur 48

Entrepreneur Australia Technical Review Community 48