TLDR
Venezuela experiences one of the highest inflation globally, caused by government printing and injecting more money into the domestic economy to cover for budget deficits. Bitcoin miners help to prevent the double-spending problem through competing to solve complex mathematical problems to receive block rewards in Bitcoin. Venezuela has embraced Bitcoin, the Bolivarian army is mining Bitcoin in its military facilities, and the state has also legalized crypto mining via its national mining pool. In the article below, I make a case for Venezuela to implement Universal Basic Income (UBI) for all of its citizens.via the TL;DR App
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Written by ethan88 | I spend time in digital realms
https://ethan-tan.com
