How Venezuelans are Using Bitcoin to Counter the Effects of Hyperinflation with Alejandro Machado - WBD019
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 1 June 2018
⏱️ 96 minutes
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| 0:00.0 | Welcome to the What Bit Bitcoin Did Podcast. |
| 0:05.0 | Hi there, welcome to the What Bit coin did podcast. |
| 0:09.0 | I'm over in Ireland this week visiting my father and I don't have my recording equipment which |
| 0:14.3 | was something I forgot about so I'm recording this intro straight into my laptop |
| 0:19.2 | which I hope comes out okay this interview this week is with Alejandro Makedo, a Venezuelan national |
| 0:26.1 | part-time journalist and computer programmer who I started talking to on Twitter a few months, well, I think was about eight weeks ago. It was around the |
| 0:34.7 | launch of the Petro and because being a Venezuelan National and a part-time journalist |
| 0:39.8 | he was writing about this and I'd read one of his articles I reached out to him and we had a bit of a |
| 0:44.8 | chat and for a while we've been trying to organize a time to get together because he also |
| 0:50.1 | works in the crypto world and I thought it would be really interesting interview to have on the |
| 0:54.7 | podcast. |
| 0:55.7 | So with Bitcoin and crypto there is a lot of money being made on speculation, but people |
| 1:01.4 | always countering that and saying well there aren't any real use |
| 1:04.4 | cases but actually in Venezuela there is people are using Bitcoin to counter the |
| 1:09.6 | effects of hyper-inflation so I thought this would be a really useful interview to understand what is happening in the country and the use cases for Bitcoin there. |
| 1:19.0 | Sadly, there are some issues with the sound here, which has happened on a few of my previous |
| 1:23.2 | podcast but I think I found the gremlin in the works it turns out I've got a |
| 1:27.4 | 40 microphone so it's a little bit frustrating because there is crackling |
| 1:32.0 | through the interview but if you can't bear with it |
| 1:35.0 | it's really worth listening to because I think this is a really important interview |
| 1:39.4 | that help us understand what the potential is for Bitcoin in a number of countries. |
| 1:44.4 | We do focus on the recent history of Venezuela. |
... |
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