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BTC + DeFi = FTW

Version One Ventures

which are the primary means of trading in countries like Venezuela (see this excellent study of bitcoin as a censorship resistant bridge currency). Long term, legitimate questions remain around Bitcoin’s security budget once all miner rewards have been distributed – a subject for another post.

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The four waves of crypto disruption: where are they today? 

Version One Ventures

But you only have to talk to people from high inflation countries like Argentina or Venezuela to understand the appeal of a globally-accessible and permissionless digital currency. In the past year, we learned that Bitcoin probably has a large enough worldwide distribution that it’s hard to stop.

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37 Entrepreneurs Explain Why They Started Their Businesses

Hearpreneur

I originally came from Argentina, and lived in Brazil and Venezuela before moving to the US. After managing a distribution center where I sold vinyl to record stores (my first client was Asheville’s own Harvest Records), renting the farmhouse was about becoming self-sufficient. Mike & Aaron May, Pacific Issue ! #12)