3 Ways Bitcoin Is Promoting Freedom in Latin America


in Venezuela’s capital city of Caracas a hungry mob recently broke into a zoo to eat a horse one cause of the food crisis is government currency controls that make it very expensive to buy goods from other countries but Venezuelans are bypassing these restrictions using the internet-based currency Bitcoin and there are similar phenomenon in neighboring countries Bitcoin is catching on especially fast in Latin America because it gives individuals away around protectionism and other destructive government policies here are three ways that Bitcoin is promoting economic freedom in Latin America Bitcoin it’s an alternative to using government money and I think that’s a game changer Rodriguez Sousa is a us-based entrepreneur who operates sur Bitcoin which is an online marketplace where Venezuelans buy and sell government-issued bolivars for bitcoins sir bitcoins monthly trade volume has tripled in the last year alone as more and more than his Whelan’s have started using Bitcoin an advantage of Bitcoin is that while the government regulates and restricts the flow of money in and out of the country through the banking system bitcoins circumvent the banks because it’s an internet based currency it is not only government nobody controls before and now a growing community of Venezuelans are using their bitcoins to buy food from e-commerce sites like Amazon in walmart.com the packages are routed to one of a handful of miami-based Poirier services and then shipped to Venezuela where they’re delivered to the homes of people trapped in this starving nation when the iPhone six went on sale in Brazil two years ago the price was so absurdly high that it became fodder for one of the country’s most popular late-night talk shows yeah primera cosa people said watch fuzzy kokujin ly phony says move now see where ragazzo i policy league are from Amina levar Amina pramana me camara Mina Mir meet Rosetta – it says the explanation for this high price is that the country charges an import tariff on foreign goods the runs as high as 60% their idea of the Brazil government is like ok so we’re gonna put the high tax on apple so apple can come to Brazil so we can generate jobs in Brazil pretty much it it kills Brazil but the money is collected to the traditional financial system today a growing number of Brazilians are avoiding the import tax by purchasing products like iPhones with Bitcoin this way the government simply has no way of knowing how much Brazilians are spending buying goods from abroad Bitcoin is also an effective tool for avoiding taxes when moving investment capital into Brazil we actually work with some venture capital funds some private individuals there are investors in Brazil and once you bring money to Brazil Thiago Caesar is the founder and CEO bit one the company helps clients get around to 27 and a half percent foreign exchange tax when bringing money into the country by using Bitcoin but circumventing protectionist tariffs isn’t just for investors average Brazilians traveling abroad will find that they’re automatically hit with a six point three eight percent levy every time they swipe a debit or credit card many have realized if they use a Bitcoin credit card from Zappo or a BV cash they can escape the tax altogether it’s not illegal because there are no regulations covering that subject in Brazil now there is a gap and when there is a gap not saying that it is illegal then it’s not illegal right [Music] starting a new business in Brazil takes about 14 times as long as it does in the United States and in the 2016 index of economic freedom the country ranked at dismal 120 second Brazilian entrepreneur Edelson Nazario believes that bitcoin can help solve this problem not the currency itself but rather the database file where transactions are recorded in the Bitcoin network that database is known as the blockchain and it’s a computer file with a unique architecture that means it can never be altered or tampered with writing information to the blockchain is like inscribing a message in wet cement this incorruptible file enthusiasts believe has the potential to fill the void left by latin america’s weak government institutions for example in Honduras one company’s explored moving land titles from ancient paper volumes to the Bitcoin blockchain where citizens of the country can verify that they haven’t been secretly altered asari au has a similar vision for how the blockchain can provide the trust that sometimes missing from brazil’s government institutions system over no que no la famosa pela sua da da da need a key yosh key went on potential jews of the blockchain o Brasil mi or aleppo Jitsu demise a popular song specifically his idea is to use the blockchain to disrupt Brazil’s notorious notary industry which is a major source of red tape the government requires that Brazilians go through a notary office to verify the authenticity of documents like birth certificates contracts and car titles with every business transaction a sarios company offers a different method for verifying documents that eliminates the hassle called original my the website he built allows customers to upload encrypted representations of their important documents to the blockchain then at any point in the future it’s possible to prove a documents authenticity by checking it against the original and the hope is that this new system for establishing trust will improve the country’s business climate you blockchain you think poder de trans episode además transparencia reserve poder de volta prompt Rasmus de población Ivanova todo se scenario G política Publica Antigua [Music]

51 thoughts on “3 Ways Bitcoin Is Promoting Freedom in Latin America

  • They eat horses don't they. LOL Yeah a cashless society that's how we avoid control. Treason TV and (((Epstein))) fuck you and your'e propaganda.

  • For these very reasons I've been very active in Bitcoin for the last few years, and make almost all my income in Bitcoin. Recently, though, I've gotten way more into Dash, which builds on Bitcoin's basic technology while fixing a few of its issues, such as privacy.

  • Bitcoin notarization would not solve government requirements. You can't move the land through the blockchain if the government can just reverse the transaction. You can only move value captured in the "token" itself.

  • Bitcoin is a good start, but the real game changer is Dash. Dash features a number of benefits offered at the protocol level that BTC simply doesn't have, such as instant transactions and privacy. In addition, Dash is truly decentralized, not relying on any third party to dictate its development. The biggest reason, though, to get involved with Dash is ease of use. Evolution, scheduled for release in 2017, makes crypto easy to use for anyone, just like paypal. Dash truly is a cash alternative, perfect for use in Latin America.

    Find out more at www.dash.org.

  • Unfortunately bitcoin is still very little used in Brazil in the physical stores, bitcoin's education path here is still long, but it brings great opportunities because Brazil is one of the countries with the greatest penetration in social networks and has experienced serious inflationary crises. We are now in the greatest economic crisis in history, libertarian currency here has great potential.

  • This video is pretty disgusting, to clasify freedom as being able to buy from Walmart.com or get a cheaper Iphone, is a very distorted way to look at things.
    True bitcoin can get away from protectionism and that's fine, but is NOT freedom. In all cases is serving to give more money to corporations that push governments to keep funding dictators. So in all, Bitcoin is helping fund their own financial slavery.

  • While bitcoin is a better money, it will never solve the problems created by money. Please investigate a resource based economy.

  • Bitcoin is a decentralised system backed by mathematics, open source code, cryptography and the most powerful and secure decentralized computational network on the planet, orders of magnitude more powerful than google and government combined. There is a limit of 21 million bitcoins (divisible in smaller units). "Backed by Government" money is not backed by anything and is infinitely printed at will by Central Banks. Bitcoin is limited and decentralized.

  • Check out some of Bitcoin's characteristics.
    Receive and transfer money, from cents (micropayments) to thousands:
    * Almost for free (a few cents fee).
    * Privacy (no need to expose personal information)
    * Securely (encrypted cryptographically and can’t be confiscated)
    * Instantly (from seconds to a few minutes)
    * Open source (auditable by anybody)
    * Worldwide (from anywhere to anywhere on the planet)
    * Peer-to-peer (no intermediaries with a cut)
    * Public ledger (transparent, seen by everybody)
    * Decentralized (distributed with no single point of failure)
    * No chargebacks-No fraud ('push' vs' 'pull' transactions).
    And that’s just as currency, Bitcoin has many more uses and applications.

  • Nobody, no individual and no central power or government can control, manipulate, ban or kill a worldwide distributed open-source peer-to-peer cryptographically secured decentralised system.
    Bitcoins will continue to increase in value, more than gold and silver, there will only be 21 million bitcoins ever, they are cryptographically and mathematically secured, it is decentralized, so can't be banned, co-opted or confiscated/stolen by any central group or government, you hold your own private keys.

  • I have a doubt, while you can buy an iPhone using bitcoin, doesn't the government find out that you've imported something at customs?

  • Good to see digital currency helping to liberate people, but Bitcoin is not the best digital currency. Zec and Monero have their shortcoming but at least both anonymous by default. Dash is my favourite, it's the closest to using real cash (in that it is fungible), allows anonymous payments and it has the best chance of succeeding long term due to the built in funding incentives, governance system and it's new evolution release planned for next year will see it way ahead of the game – imo!

  • does not the goods go through V and B customs and the tariff is applied and payment is required before receiving the goods?

  • does not the goods go through V and B customs and the tariff/tax is applied and payment is required before receiving the goods? I smell BS

  • Often in Latin America, governments raid your bank account to pay off their excessive debts or inflation eats away at your retirement. Bitcoin makes perfect sense.

  • Am pro bitcoin but the truth of the matter is that govertment will crackdown on its use, as their looses on thievery…sorry…taxes and fees reaches an intorrelant level… then the guns…i mean laws…will cone out… drive up the cost of using bitcoin legally…and drive it underground.

  • The pursuit of liberty has spawned digital currencies. I'm glad that Bitcoin is getting a lot of attention. However being 1st and biggest isn't always best. DASH appears to have reinvented a faster, more private system of payments. This will address governments attempt to crack down via the ability to track Bitcoin wallets from a public blockchain. Time will tell, but I've now upgraded to DASH.

  • Muito bom! Brasil precisa Bitcoin! I have been saying for a while now that Latin America is where Bitcoin will take root the fastest because Latin Americans need a way to not only escape government corruption but also need the benefits of a monetary union like the US or Europe. People should be able to travel freely all over the Americas (and the world) without having to pay absurd exchange fees and fall prey to the countless middlemen in the global financial system.

    It should also help that the largest remittance corridor in the world is between the US and Mexico.

  • omggg a Horse? what's next for real #Venezuela #bitcoin #surbitcoin #WarOnCash #CurrencyWars #amazon #walmart #Miami @aantonop @OmarBham @bitmedia_io @TechBalt

  • Good for them I'm really positive about Bitcoin hopefully everyone stands up and doesn't let the feds or irs to change it. If that's even possible.

  • 💥💥💥 💥 ¡Gracias! ONIX es realmente un durmiente, y es por eso que todos hablan de eso. Primer programa de plataforma de préstamos basado en blockchain de América Latina. Una gran plataforma de préstamos en América del Sur. Algunos en la comunidad piensan que $ 5 en 2018 NO está fuera de alcance. Gran equipo, buena capitalización de mercado y una pequeña oferta circulante. Gran moneda para comprar y mantener. Siempre haz tu DD. Vamos a ponernos al día más tarde

  • so many advancements in cryptocurrency situation in venezula should open people eyes to how much a failure the fiat system is

Leave a Reply

Your email address will not be published. Required fields are marked *