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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
How many state governments do you know who'd put their faith in a cryptocurrency 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 financial carnage. 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.
But as you can expect, when an authoritarian regime meets tech based on decentralization, there will be fireworks. As part of Tomorrow Unlocked's Coded series three, (now launching on Freethink) 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.
- Crypto scam on Discord uses fake news websites | Kaspersky ... ›
- How scammers lure Discord users to a fake cryptocurrency ... ›
Every year, the first Friday of March is Employee Appreciation Day. Here are five TED Talks that will boost gratitude and morale at work:
Michael C. Bush - "This is what makes employees happy at work" (above)
Lena Bieber – “Using happiness to evaluate a company’s success”
<span style="display:block;position:relative;padding-top:56.25%;" class="rm-shortcode" data-rm-shortcode-id="102ed800e8ead6e36152020c0494a8b1"><iframe lazy-loadable="true" src="https://www.youtube.com/embed/9GXUkdrFsns?rel=0" width="100%" height="auto" frameborder="0" scrolling="no" style="position:absolute;top:0;left:0;width:100%;height:100%;"></iframe></span>Patty McCord – “8 lessons on building a company people enjoy working for”
<span style="display:block;position:relative;padding-top:56.25%;" class="rm-shortcode" data-rm-shortcode-id="7f5c3f2cd5c59cf6b919c952c754c51a"><iframe lazy-loadable="true" src="https://www.youtube.com/embed/iBa9EoEbb38?rel=0" width="100%" height="auto" frameborder="0" scrolling="no" style="position:absolute;top:0;left:0;width:100%;height:100%;"></iframe></span>Claire McCarty – “Missing the obvious in employee recognition”
<span style="display:block;position:relative;padding-top:56.25%;" class="rm-shortcode" data-rm-shortcode-id="b18684258bb99bc037edb45c22f70cd6"><iframe lazy-loadable="true" src="https://www.youtube.com/embed/JWlzc6x5u10?rel=0" width="100%" height="auto" frameborder="0" scrolling="no" style="position:absolute;top:0;left:0;width:100%;height:100%;"></iframe></span>Kate MacAleavey – “Expressing appreciation”
<span style="display:block;position:relative;padding-top:56.25%;" class="rm-shortcode" data-rm-shortcode-id="7f4b253fa56b06ce0b93ea78edcb6f63"><iframe lazy-loadable="true" src="https://www.youtube.com/embed/t0DxGWcwQGY?rel=0" width="100%" height="auto" frameborder="0" scrolling="no" style="position:absolute;top:0;left:0;width:100%;height:100%;"></iframe></span>Latest Stories
The next industrial revolution looks promising
Smart factories could fight climate change and save lives
When COVID-19 hit, manufacturers worldwide raced to build as many ventilators as possible for patients. But traditional factories throughout the globe couldn't fulfill the demand fast enough. With traditional and automated manufacturing processes still not as efficient as we need, could autonomous factories be the next industrial revolution we've been waiting for?
