Coinbase-Backed Digital Currency Exchange Airdropping US-Seized Funds on Venezuela
Plus Portnoy is OUT.
Happy Friday, Blockfolians
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:
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
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The Portnoy top?
Dave Portnoy @stoolpresidenteI make 6 figures a day like clockwork in the real stock market. No need to sit around losing money waiting for Elon to mine gold from outer space. I’ll have built my own house on the moon before that day comes. If I wanna lose 7 figs on wives tales ill stick with the track. https://t.co/CSxjziozAG
The real numbers you’re looking for
A Really Big Number We Should Be Paying Attention To
That’s the number of bitcoin mining rigs that can fit in this new facility in Kazakstan
It’s getting real out there