Open Money Initiative founder Alejandro Machado joins the show to explain how Bitcoin is actually used in Venezuela, and how the country is dollarizing in real time.
In this episode:
- How a power cut has been linked to a recent dollarization movement in Venezuela, and how dollar usage became decriminalized
- Whether dollarization has improved the prospects of everyday Venezuelans
- Why Maduro is actually in favor of partial dollarization
- How bitcoin allows you to import a system of credible property rights
- Why bitcoin still has a relatively low level of penetration in Venezuela
- Why stablecoins have not made a dent in Venezuela so far
