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Create Tomorrow
Venezuela’s failed cryptocurrency experiment
Fighting hyperinflation with a state-backed cryptocurrency. What could possibly go wrong?
What happens when an authoritarian regime that controls every aspect of an economy creates a currency based on decentralization, free movement, and transparency? This is the explosive true story behind the world's first state-backed cryptocurrency.
A country-wide crypto experiment gone wrong
<p>How many state governments do you know who'd put their faith in a <a href="https://www.kaspersky.com/resource-center/definitions/what-is-cryptocurrency" target="_blank">cryptocurrency</a> to level out hyperinflation and stop nation-wide riots? Not many, probably. And yet, that's exactly what Venezuala did to reinvigorate its economy amid<a href="https://www.forbes.com/sites/garthfriesen/2018/08/07/the-path-to-hyperinflation-what-happened-to-venezuela/?sh=651b564d15e4" target="_blank"> financial carnage</a>. Truthfully though, they didn't do too many of the hard yards. Instead, they supported entrepreneur Gabriel Jimenez to create the petro (₽), or petromoneda – the world's first state-backed cryptocurrency.</p> <p>But as you can expect, when an authoritarian regime meets tech based on decentralization, there will be fireworks. As part of Tomorrow Unlocked's <a href="https://www.youtube.com/watch?v=x77aEP9hs4U&list=PLCIzhnLJonIZVYIc4m_LwQIOfCO_W36Eb&ab_channel=TomorrowUnlocked" target="_blank" rel="noopener noreferrer">Coded series three</a>, (<a href="https://www.freethink.com/shows/coded/season-3/venezuela-cryptocurrency" target="_blank" rel="noopener noreferrer">now launching on Freethink</a>) episode four focuses on entrepreneur and crypto-expert Gabriel Jimenez's journey from national hero to enemy of the state. Brace yourself for this one. </p>From Your Site Articles
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- How scammers lure Discord users to a fake cryptocurrency ... ›
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Our colleagues researched economic aspects of cybersecurity and reported on the dominant trends.
From Your Site Articles
With lockdown policies in place in most countries due to the Corona pandemic our impact on the environment becomes more apparent each day. With people isolating at home, not travelling, and planes staying on the ground nature seems to recover from pollution: clear canals in Venice, reduced air pollution in China and major cities all over the world, and a fallen global carbon emission. Still, climate change has not stopped, with a record heatwave in Antarctica, which has impacts on all of our planet's climate, and countries like Germany, which are usually blessed with a lot of rain, facing droughts. Realizing how our own actions can positively or negatively affect our environment is a wakeup call for everyone, as we cannot deny the positive impacts of the lockdown on our environment. So, as the official motto of Earth Day 2020 is climate action, we want to discover what technologies may help us in stopping climate change and creating a better future.
Saving Earth with Blockchain
<span style="display:block;position:relative;padding-top:56.25%;" class="rm-shortcode" data-rm-shortcode-id="59c9590c7f2dbfd83ea82b8a07f9e24b"><iframe lazy-loadable="true" src="https://www.youtube.com/embed/VKZJD1Zz4kU?rel=0" width="100%" height="auto" frameborder="0" scrolling="no" style="position:absolute;top:0;left:0;width:100%;height:100%;"></iframe></span><p> An important aspect of saving our future is to rebuild what we have already lost. <a href="https://www.regen.network/" target="_blank">Regan Network</a> is a blockchain technology, which tracks, verifies and rewards ecological system improvement. Roland Harwood, founder of the <a href="https://www.weareliminal.co/" target="_blank">Liminal Collective Intelligence Community</a>, is very excited about this project: "They [Regan Network] gather data with satellites, sensors and observation, and upload it to a data marketplace. Governments, institutions and businesses can pay for accurate ecological data, and the results they want, from farmers anywhere in the world. It makes it possible [for governments and organizations] to financially reward ecological progress, like improved soil, cleaner rivers and replanted forest."</p>Clean Energy
<span style="display:block;position:relative;padding-top:56.25%;" class="rm-shortcode" data-rm-shortcode-id="817e226812bf60b01daf42ffd9dec570"><iframe lazy-loadable="true" src="https://www.youtube.com/embed/zfz52w7znEw?rel=0" width="100%" height="auto" frameborder="0" scrolling="no" style="position:absolute;top:0;left:0;width:100%;height:100%;"></iframe></span><p> Sun, water, wind or even biowaste: Earth has a lot of natural resources we could harvest for energy without them running out or polluting nature like fossil fuels do. Green energy is one of the most efficient actions for cities and whole countries towards becoming carbon neutral and thus should be a priority moving forward, says Andrew Winton, Vice President of Marketing at Kaspersky. "The possibilities around <a href="https://www.tomorrowunlocked.com/kinetic-energy-future-power-source" target="_self">kinetic energy</a> are almost limitless, beyond the hybrid cars we're most familiar with. Devices can <a href="https://electronics.howstuffworks.com/gadgets/fitness/power-music-player-with-running-shoes.htm" target="_blank">charge your phone by the movement of your running shoes</a> as you jog. <a href="http://www.kps.energy/" target="_blank">Kites can use more powerful wind speeds high in the sky to produce more energy</a> than ground-based wind turbines."</p>We Create Change
<span style="display:block;position:relative;padding-top:56.25%;" class="rm-shortcode" data-rm-shortcode-id="73e2696dc10a2abad43a159da3cdb187"><iframe lazy-loadable="true" src="https://www.youtube.com/embed/7KXGZAEWzn0?rel=0" width="100%" height="auto" frameborder="0" scrolling="no" style="position:absolute;top:0;left:0;width:100%;height:100%;"></iframe></span><p> A lot of us preach change, but sometimes we tend to forget that change starts within us. If we want to save the world, and stop climate change, we are the ones who have to take action. "The best way to protect the earth isn't technology. It's us. If we change the way we think and act, we will change the future. We're only just getting started. Technology is more of an amplifier of thoughts and actions," says Irina Bock, eCommerce Director at Kaspersky. To want to change we have to understand the value of earth. Tomorrow Unlocked author Marco Preuss is certain, that sending people in power to space to have a look at Earth, could help in driving green policies: "I had the chance to talk to astronauts, and they all agreed, once you see Earth from space, you realize how wonderful and fragile it is, and you think differently. You value it more."</p>From Your Site Articles
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