Venezuela To Trial "Decentralized" Stock Exchange On Ethereum

▶️ Watch on 3Speak


Venezuela is potentially sending a shockwave through the existing financial system. Since it is under the tyranny of the US Government due to the sanctions imposed, the Maduro administration is running a 90 day trial of a decentralized stock exchange that is out of the reach of the USG.

In this video I discuss how this is a big deal and great news in the freedom fight. Tyranny can make interesting bedfellows.

https://www.bitcoininsider.org/article/95118/venezuela-trials-decentralized-stock-exchange-thats-open-world


▶️ 3Speak



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19 comments
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Your current Rank (27) in the battle Arena of Holybread has granted you an Upvote of 20%

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Everyone having an account in a central bank and censorable at a few mouse clicks is the very definition of economic panopticon. A revolting vision.

Posted Using LeoFinance Beta

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Yeah and that is what they are moving towards.

Although the fact that countries are bickering with each other bodes well since not all will be on the same side.

Those oppressed will rebel even though they oppress their populations themselves.

Posted Using LeoFinance Beta

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Yeah ethereum is pretty centralized by the central banks and joe biden is an ethereum maximalist lol

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The tyranny of the United States hahaha you don't know what you are saying.

Maduro is a dictator, murderer, thief who has destroyed Venezuela.

Why do you say that it is a fight for freedom? I don't understand that.

You have to live in Venezuela to realize what is happening and everything that the government is planning is useless and it destroys everything

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They are both tyranny. USA is just a lot nicer than venezuela but theyre both EXACTLY the same , both have men with guns who harras you of you dont pay their taxes

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impossible! you can't compare both countries. Politics sucks, I hate it!

But Venezuela is a horrible narco tyranny, the country is a disaster because of Chavez

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But i agree it sounds stupid to say tyranny of the united states lol hes so spoiled

But we need spoiled anarchocapitalists to stay ine step ahead of the IRS cat and mouse game... theyre like white hack penetration g
Hackers

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the socialist system is bullshit and Biden wants that for America and if you Americans let that happen... your country would be finished

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Yes he is. That does not mean absolve the United States of its tyrannical actions towards other countries around the world.

As for Venezuela, what has the United States does but help to kill what was left of the economy there and starve people through sanctions. Do you really think sanctions hit the government leaders and not the population of the countries it is imposed upon?

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I know perfectly well that the sanctions affect the people, but it is a measure of pressure to try to get this regime out, because otherwise they will continue to steal and squeeze the money out of the country into their foreign dollar accounts, so if sanctions are applied to them they have no options but to just take money from the drug trade and that is something that the DEA must be trying to do in order to put an end to this issue.

If the U.S. does not apply sanctions, the government will steal more and with the sanctions imposed, they are being stifled and do not know what to do, and this is being demonstrated day by day, and I say this with total responsibility because I live in Venezuela.

I understand perfectly that Trump is not a saint or the best person in the world, but at least he is doing something to try to end this government, something that no other country does and not even the opposition in Venezuela, which is a piece of shit, what he is doing is making deals with the government to hold on to power more.

I return and repeat, I say all this with total authority and responsibility because I see what is happening day by day in Venezuela and if you allow a democrat disguised as a communist and socialist like BIDEN to win the elections, the USA will go to hell? Don't be stupid and don't be fooled. The United States is a great country, the best in the world.

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Hah ethereum doesnt scale

Maybe a stock market on EOS would make sense

Then wed see how fast eos block producers succumb to political pressure hah

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Poor countries might benefit from decentralization first as the cryptocurrencies offer them one way to provide for their families even if their country is in bankruptcy. They can thrive outside the country limits and be free from it all, just work on the blockchain and you will get rewarded!

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i think poor country has great energy to get benefits from this system,

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Summary:
Task discussed the approval of a decentralized Venezuelan stock exchange built on Ethereum by President Maduro, which he sees as a significant move against oppression. He highlighted the impact of U.S. sanctions on Venezuela due to its dependence on selling oil globally and being cut off from the SWIFT network, leading to hyperinflation. Task emphasized the push towards digital currencies by major economies, potentially for control and surveillance purposes, and the importance of decentralized cryptocurrencies as a form of financial freedom. He mentioned how countries like Venezuela and Iran could use blockchain technology to bypass sanctions, thus providing a safe haven for cryptocurrencies like Ethereum.

Detailed Article:
Task delved into the recent development of Venezuela approving a decentralized stock exchange built on Ethereum, showcasing it as a strategic move against oppression and a significant development in the global realm. He highlighted the economic challenges faced by Venezuelans due to the country's reliance on oil exports and subsequent sanctions cutting it off from the SWIFT network, affecting their ability to transact in U.S. dollars and access international markets.

The discussion expanded to the broader context of digital currencies, with Task mentioning the digital euro, digital dollar bills in the U.S., and the digitalization of the yuan, suggesting a trend towards governmental control and surveillance rather than efficiency or convenience. He raised concerns about potential bans on private cryptocurrencies, illustrated by the IRS's contract to hack Monero for monitoring purposes.

Task emphasized the importance of decentralized cryptocurrencies in resisting government control, especially in oppressive regimes like Venezuela, where blockchain technology could offer a workaround to international sanctions. He noted the endorsement of Bitcoin mining by certain governments like Ukraine to boost their economies, highlighting the need for widespread adoption and participation in the crypto space to counter government overreach.

Furthermore, Task expressed apprehension about the increasing government interference in economic and social aspects, drawing parallels to what he perceived as a Marxist trend targeting producers. He criticized lockdown measures during the pandemic, framing them as unwarranted restrictions on individual freedoms. Task envisioned a digital landscape empowering individuals to bypass governmental control and resist authoritarian measures, citing the growing number of code-savvy individuals worldwide seeking to challenge authority.

In conclusion, Task underlined the evolving dynamics between governments and decentralized technologies, foreseeing a potential shift towards financial freedom and individual empowerment through cryptocurrencies. He encouraged viewers to stay informed and engaged in the ongoing developments, hinting at a possible future where decentralized technologies could challenge established systems of control.

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