Bitcoin and Venezuela, etc.
March 26, 2017 9:26 AM Subscribe
Venezuala, Brazil, property transfer Venezuela has a serious food shortage, but electricity is subsidized. People are mining bitcoins because it's worthwhile to use bitcoins to buy food across the border. Bitcoin is a way for Brazillians to get around currency controls and tarriffs. It's possible that blockchains will be useful to make property transfer easier and cheaper-- even in the US, proving ownership can be complicated for real estate and cars.
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