Coinbase-Backed Digital Currency Exchange Airdropping US-Seized Funds on Venezuela

Plus Portnoy is OUT.

Happy Friday, Blockfolians

The Lede

This industry isn’t for the faint of heart. Even the loudest tend to get blown out and humbled at least once.

But sometimes, there are things that happen that let you see the future and all the chaos and chicanery becomes worth it.

Here’s one example:

UN launches Venezuela human rights abuse probe | News | DW | 27.09 ...

Airtm has been selected to help redistribute $18M of US funds the government seized from the corrupt Maduro government via airdrop.

This isn’t just a private company electing to do something for passion and PR. Yesterday, the leader of the opposition in Venezuela recognized their efforts.

What Matt’s thread nails is the importance of this trend of “Offshore Finance.” In other words, crypto is allowing for a world where people can use crypto rails to escape capture by corrupt local monetary regimes.

That’s a hell of a thing to be a part of.

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Highly Relevant Reading


Community Commentary

The Portnoy top?
The real numbers you’re looking for

A Really Big Number We Should Be Paying Attention To  

50,000

That’s the number of bitcoin mining rigs that can fit in this new facility in Kazakstan


Final Thought

It’s getting real out there