WEBVTT Kind: captions Language: en 00:00:00.120 --> 00:00:02.570 align:start position:0% hey<00:00:00.480> everyone<00:00:01.140> my<00:00:01.500> name<00:00:01.680> is<00:00:01.800> Eduardo<00:00:02.010> Gomes 00:00:02.570 --> 00:00:02.580 align:start position:0% hey everyone my name is Eduardo Gomes 00:00:02.580 --> 00:00:05.480 align:start position:0% hey everyone my name is Eduardo Gomes I'm<00:00:02.939> here<00:00:03.389> with<00:00:03.510> Alejandro<00:00:03.899> Machado 00:00:05.480 --> 00:00:05.490 align:start position:0% I'm here with Alejandro Machado 00:00:05.490 --> 00:00:07.849 align:start position:0% I'm here with Alejandro Machado we're<00:00:05.940> Venezuelans<00:00:06.600> currently<00:00:07.230> working<00:00:07.529> to 00:00:07.849 --> 00:00:07.859 align:start position:0% we're Venezuelans currently working to 00:00:07.859 --> 00:00:11.270 align:start position:0% we're Venezuelans currently working to improve<00:00:08.069> the<00:00:08.340> crypto<00:00:09.269> system<00:00:09.840> and<00:00:10.080> we<00:00:11.010> wanted 00:00:11.270 --> 00:00:11.280 align:start position:0% improve the crypto system and we wanted 00:00:11.280 --> 00:00:14.030 align:start position:0% improve the crypto system and we wanted to<00:00:11.340> talk<00:00:11.610> today<00:00:12.090> about<00:00:12.540> a<00:00:13.290> very<00:00:13.440> important 00:00:14.030 --> 00:00:14.040 align:start position:0% to talk today about a very important 00:00:14.040 --> 00:00:16.939 align:start position:0% to talk today about a very important topic<00:00:14.150> which<00:00:15.150> is<00:00:15.330> money<00:00:15.719> is<00:00:15.990> the<00:00:16.170> first<00:00:16.410> step 00:00:16.939 --> 00:00:16.949 align:start position:0% topic which is money is the first step 00:00:16.949 --> 00:00:20.960 align:start position:0% topic which is money is the first step cryptid<00:00:17.430> option<00:00:17.880> in<00:00:18.119> Venezuela<00:00:19.880> living<00:00:20.880> in 00:00:20.960 --> 00:00:20.970 align:start position:0% cryptid option in Venezuela living in 00:00:20.970 --> 00:00:26.750 align:start position:0% cryptid option in Venezuela living in Venezuela<00:00:21.210> so<00:00:22.640> we<00:00:24.260> in<00:00:25.260> Venezuela<00:00:25.769> there's<00:00:26.099> a 00:00:26.750 --> 00:00:26.760 align:start position:0% Venezuela so we in Venezuela there's a 00:00:26.760 --> 00:00:28.640 align:start position:0% Venezuela so we in Venezuela there's a vibrant<00:00:27.480> Bitcoin<00:00:27.750> community<00:00:27.869> cryptocurrency 00:00:28.640 --> 00:00:28.650 align:start position:0% vibrant Bitcoin community cryptocurrency 00:00:28.650 --> 00:00:32.299 align:start position:0% vibrant Bitcoin community cryptocurrency community<00:00:29.279> and<00:00:30.199> we<00:00:31.199> all<00:00:31.380> been<00:00:31.769> using 00:00:32.299 --> 00:00:32.309 align:start position:0% community and we all been using 00:00:32.309 --> 00:00:35.180 align:start position:0% community and we all been using cryptocurrencies<00:00:32.910> since<00:00:33.899> to<00:00:34.170> start<00:00:34.469> to 00:00:35.180 --> 00:00:35.190 align:start position:0% cryptocurrencies since to start to 00:00:35.190 --> 00:00:37.520 align:start position:0% cryptocurrencies since to start to survive<00:00:35.960> incredibly<00:00:36.960> hardships<00:00:37.440> like 00:00:37.520 --> 00:00:37.530 align:start position:0% survive incredibly hardships like 00:00:37.530 --> 00:00:40.459 align:start position:0% survive incredibly hardships like hyperinflation<00:00:39.230> infrastructure<00:00:40.230> in 00:00:40.459 --> 00:00:40.469 align:start position:0% hyperinflation infrastructure in 00:00:40.469 --> 00:00:44.150 align:start position:0% hyperinflation infrastructure in Venezuela<00:00:41.010> has<00:00:41.399> worsened<00:00:42.050> the<00:00:43.050> country<00:00:43.680> is<00:00:43.890> in 00:00:44.150 --> 00:00:44.160 align:start position:0% Venezuela has worsened the country is in 00:00:44.160 --> 00:00:46.279 align:start position:0% Venezuela has worsened the country is in the<00:00:44.190> middle<00:00:44.460> of<00:00:44.640> the<00:00:45.210> worst<00:00:45.480> economic<00:00:45.690> crisis 00:00:46.279 --> 00:00:46.289 align:start position:0% the middle of the worst economic crisis 00:00:46.289 --> 00:00:50.110 align:start position:0% the middle of the worst economic crisis in<00:00:46.320> the<00:00:46.530> history<00:00:46.730> in<00:00:47.730> its<00:00:48.059> history<00:00:48.660> and 00:00:50.110 --> 00:00:50.120 align:start position:0% in the history in its history and 00:00:50.120 --> 00:00:52.520 align:start position:0% in the history in its history and essentially<00:00:51.120> everyone<00:00:51.719> in<00:00:52.020> the<00:00:52.110> country<00:00:52.320> is 00:00:52.520 --> 00:00:52.530 align:start position:0% essentially everyone in the country is 00:00:52.530 --> 00:00:56.479 align:start position:0% essentially everyone in the country is living<00:00:52.860> on<00:00:53.190> past<00:00:53.489> glories<00:00:54.000> like<00:00:55.129> we<00:00:56.129> are<00:00:56.280> now 00:00:56.479 --> 00:00:56.489 align:start position:0% living on past glories like we are now 00:00:56.489 --> 00:00:59.150 align:start position:0% living on past glories like we are now experiencing<00:00:57.559> inflation<00:00:58.559> rates<00:00:58.739> of<00:00:58.920> up<00:00:59.129> to 00:00:59.150 --> 00:00:59.160 align:start position:0% experiencing inflation rates of up to 00:00:59.160 --> 00:01:03.460 align:start position:0% experiencing inflation rates of up to million<00:00:59.609> percent<00:01:00.000> and<00:01:00.949> there's<00:01:01.949> no<00:01:02.219> public 00:01:03.460 --> 00:01:03.470 align:start position:0% million percent and there's no public 00:01:03.470 --> 00:01:06.020 align:start position:0% million percent and there's no public expenditure<00:01:04.470> on<00:01:04.500> infrastructure<00:01:05.400> in<00:01:05.640> the 00:01:06.020 --> 00:01:06.030 align:start position:0% expenditure on infrastructure in the 00:01:06.030 --> 00:01:09.620 align:start position:0% expenditure on infrastructure in the country<00:01:06.180> we're<00:01:06.869> seeing<00:01:06.900> things<00:01:07.409> like<00:01:08.270> all<00:01:09.270> the 00:01:09.620 --> 00:01:09.630 align:start position:0% country we're seeing things like all the 00:01:09.630 --> 00:01:11.840 align:start position:0% country we're seeing things like all the abandoned<00:01:10.020> towers<00:01:10.590> buildings<00:01:11.340> are<00:01:11.549> being 00:01:11.840 --> 00:01:11.850 align:start position:0% abandoned towers buildings are being 00:01:11.850 --> 00:01:14.630 align:start position:0% abandoned towers buildings are being used<00:01:12.119> by<00:01:12.390> poor<00:01:13.170> people<00:01:13.380> to<00:01:13.710> live<00:01:13.860> in<00:01:14.040> this 00:01:14.630 --> 00:01:14.640 align:start position:0% used by poor people to live in this 00:01:14.640 --> 00:01:16.249 align:start position:0% used by poor people to live in this picture<00:01:15.240> right<00:01:15.420> here<00:01:15.479> you<00:01:15.720> can<00:01:15.840> see<00:01:16.049> is<00:01:16.229> a 00:01:16.249 --> 00:01:16.259 align:start position:0% picture right here you can see is a 00:01:16.259 --> 00:01:18.770 align:start position:0% picture right here you can see is a Tower<00:01:16.619> of<00:01:16.740> David<00:01:17.040> it's<00:01:17.790> an<00:01:18.150> unfinished 00:01:18.770 --> 00:01:18.780 align:start position:0% Tower of David it's an unfinished 00:01:18.780 --> 00:01:22.130 align:start position:0% Tower of David it's an unfinished building<00:01:19.200> a<00:01:19.650> skyscraper<00:01:20.240> that<00:01:21.240> was<00:01:21.420> invaded 00:01:22.130 --> 00:01:22.140 align:start position:0% building a skyscraper that was invaded 00:01:22.140 --> 00:01:24.890 align:start position:0% building a skyscraper that was invaded by<00:01:22.170> by<00:01:22.680> people<00:01:23.280> to<00:01:23.549> live<00:01:23.729> in<00:01:23.880> this<00:01:24.450> is<00:01:24.570> a<00:01:24.630> state 00:01:24.890 --> 00:01:24.900 align:start position:0% by by people to live in this is a state 00:01:24.900 --> 00:01:27.830 align:start position:0% by by people to live in this is a state of<00:01:24.930> Venezuela<00:01:25.470> right<00:01:25.650> now<00:01:25.860> and<00:01:26.130> that's<00:01:27.119> what 00:01:27.830 --> 00:01:27.840 align:start position:0% of Venezuela right now and that's what 00:01:27.840 --> 00:01:30.530 align:start position:0% of Venezuela right now and that's what we<00:01:28.290> wanted<00:01:28.590> to<00:01:28.799> address<00:01:29.250> here<00:01:29.700> and<00:01:29.850> raise 00:01:30.530 --> 00:01:30.540 align:start position:0% we wanted to address here and raise 00:01:30.540 --> 00:01:34.760 align:start position:0% we wanted to address here and raise awareness<00:01:30.570> of<00:01:32.360> Port<00:01:33.360> in<00:01:33.630> Venezuela<00:01:34.110> in<00:01:34.409> five 00:01:34.760 --> 00:01:34.770 align:start position:0% awareness of Port in Venezuela in five 00:01:34.770 --> 00:01:38.510 align:start position:0% awareness of Port in Venezuela in five years<00:01:35.009> has<00:01:36.320> tripled<00:01:37.320> doubled<00:01:38.250> and 00:01:38.510 --> 00:01:38.520 align:start position:0% years has tripled doubled and 00:01:38.520 --> 00:01:41.030 align:start position:0% years has tripled doubled and essentially<00:01:39.479> now<00:01:39.750> up<00:01:40.020> to<00:01:40.350> 90<00:01:40.619> percent<00:01:40.950> of<00:01:40.979> the 00:01:41.030 --> 00:01:41.040 align:start position:0% essentially now up to 90 percent of the 00:01:41.040 --> 00:01:43.249 align:start position:0% essentially now up to 90 percent of the population<00:01:41.759> is<00:01:41.909> living<00:01:42.150> in<00:01:42.270> poverty<00:01:42.570> the 00:01:43.249 --> 00:01:43.259 align:start position:0% population is living in poverty the 00:01:43.259 --> 00:01:45.800 align:start position:0% population is living in poverty the monthly<00:01:43.799> minimum<00:01:43.979> wage<00:01:44.460> in<00:01:44.700> Venezuela<00:01:45.270> right 00:01:45.800 --> 00:01:45.810 align:start position:0% monthly minimum wage in Venezuela right 00:01:45.810 --> 00:01:49.730 align:start position:0% monthly minimum wage in Venezuela right now<00:01:45.990> is<00:01:46.229> about<00:01:47.009> $5<00:01:47.939> per<00:01:48.329> month<00:01:48.360> of<00:01:48.720> work<00:01:48.930> this 00:01:49.730 --> 00:01:49.740 align:start position:0% now is about $5 per month of work this 00:01:49.740 --> 00:01:52.130 align:start position:0% now is about $5 per month of work this of<00:01:50.130> course<00:01:50.430> as<00:01:50.640> means<00:01:51.000> that<00:01:51.479> the<00:01:51.780> whole 00:01:52.130 --> 00:01:52.140 align:start position:0% of course as means that the whole 00:01:52.140 --> 00:01:54.350 align:start position:0% of course as means that the whole population<00:01:52.350> depends<00:01:53.280> on<00:01:53.399> the<00:01:53.490> government<00:01:53.610> the 00:01:54.350 --> 00:01:54.360 align:start position:0% population depends on the government the 00:01:54.360 --> 00:02:01.249 align:start position:0% population depends on the government the government<00:01:54.720> has<00:01:54.840> made<00:01:55.110> itself<00:01:57.950> basically<00:02:00.259> the 00:02:01.249 --> 00:02:01.259 align:start position:0% government has made itself basically the 00:02:01.259 --> 00:02:03.260 align:start position:0% government has made itself basically the bank<00:02:01.770> the<00:02:02.070> bank<00:02:02.100> for<00:02:02.579> the<00:02:02.640> population<00:02:03.149> the 00:02:03.260 --> 00:02:03.270 align:start position:0% bank the bank for the population the 00:02:03.270 --> 00:02:05.090 align:start position:0% bank the bank for the population the population<00:02:03.780> depends<00:02:04.649> on<00:02:04.770> the<00:02:04.860> on<00:02:04.979> the 00:02:05.090 --> 00:02:05.100 align:start position:0% population depends on the on the 00:02:05.100 --> 00:02:07.190 align:start position:0% population depends on the on the government<00:02:05.520> to<00:02:06.119> give<00:02:06.299> them<00:02:06.479> handouts<00:02:06.990> to 00:02:07.190 --> 00:02:07.200 align:start position:0% government to give them handouts to 00:02:07.200 --> 00:02:09.559 align:start position:0% government to give them handouts to survive<00:02:07.560> because<00:02:07.890> the<00:02:08.310> wages<00:02:08.640> are<00:02:08.789> so<00:02:09.030> low<00:02:09.060> and 00:02:09.559 --> 00:02:09.569 align:start position:0% survive because the wages are so low and 00:02:09.569 --> 00:02:14.000 align:start position:0% survive because the wages are so low and they<00:02:10.170> want<00:02:10.349> it<00:02:10.440> that<00:02:10.590> way<00:02:12.200> legality<00:02:13.200> does<00:02:13.709> not 00:02:14.000 --> 00:02:14.010 align:start position:0% they want it that way legality does not 00:02:14.010 --> 00:02:15.949 align:start position:0% they want it that way legality does not equal<00:02:14.280> morality<00:02:14.790> in<00:02:15.209> Venice<00:02:15.540> all<00:02:15.689> of<00:02:15.780> their 00:02:15.949 --> 00:02:15.959 align:start position:0% equal morality in Venice all of their 00:02:15.959 --> 00:02:19.100 align:start position:0% equal morality in Venice all of their laws<00:02:16.260> and<00:02:16.730> procedures<00:02:17.730> were<00:02:18.510> put<00:02:18.810> in<00:02:18.900> place<00:02:18.989> by 00:02:19.100 --> 00:02:19.110 align:start position:0% laws and procedures were put in place by 00:02:19.110 --> 00:02:23.360 align:start position:0% laws and procedures were put in place by the<00:02:19.319> government<00:02:19.799> that<00:02:21.110> the<00:02:22.370> National 00:02:23.360 --> 00:02:23.370 align:start position:0% the government that the National 00:02:23.370 --> 00:02:25.420 align:start position:0% the government that the National Assembly<00:02:23.819> the<00:02:23.970> Congress<00:02:24.390> approved<00:02:24.989> to<00:02:25.140> them 00:02:25.420 --> 00:02:25.430 align:start position:0% Assembly the Congress approved to them 00:02:25.430 --> 00:02:28.789 align:start position:0% Assembly the Congress approved to them that<00:02:26.430> seems<00:02:27.120> like<00:02:27.360> like<00:02:28.049> good<00:02:28.349> things<00:02:28.560> but 00:02:28.789 --> 00:02:28.799 align:start position:0% that seems like like good things but 00:02:28.799 --> 00:02:31.850 align:start position:0% that seems like like good things but they're<00:02:28.980> not<00:02:29.599> in<00:02:30.599> Venezuela<00:02:31.140> there's<00:02:31.440> a 00:02:31.850 --> 00:02:31.860 align:start position:0% they're not in Venezuela there's a 00:02:31.860 --> 00:02:34.580 align:start position:0% they're not in Venezuela there's a state-sponsored<00:02:32.610> violence<00:02:33.140> the<00:02:34.140> country 00:02:34.580 --> 00:02:34.590 align:start position:0% state-sponsored violence the country 00:02:34.590 --> 00:02:36.740 align:start position:0% state-sponsored violence the country since<00:02:35.340> the<00:02:35.579> government<00:02:36.000> cannot<00:02:36.299> repress 00:02:36.740 --> 00:02:36.750 align:start position:0% since the government cannot repress 00:02:36.750 --> 00:02:38.750 align:start position:0% since the government cannot repress people<00:02:36.810> I<00:02:37.349> mean<00:02:37.560> they<00:02:37.739> repress<00:02:38.099> people<00:02:38.489> but 00:02:38.750 --> 00:02:38.760 align:start position:0% people I mean they repress people but 00:02:38.760 --> 00:02:41.119 align:start position:0% people I mean they repress people but they<00:02:38.849> cannot<00:02:39.090> do<00:02:39.299> so<00:02:39.659> with<00:02:40.260> the<00:02:40.349> military<00:02:40.859> or 00:02:41.119 --> 00:02:41.129 align:start position:0% they cannot do so with the military or 00:02:41.129 --> 00:02:43.130 align:start position:0% they cannot do so with the military or the<00:02:41.250> police<00:02:41.549> because<00:02:41.819> it<00:02:41.970> looks<00:02:42.180> bad<00:02:42.420> what 00:02:43.130 --> 00:02:43.140 align:start position:0% the police because it looks bad what 00:02:43.140 --> 00:02:44.780 align:start position:0% the police because it looks bad what they<00:02:43.260> have<00:02:43.379> done<00:02:43.620> is<00:02:43.859> that<00:02:43.890> they<00:02:44.250> have<00:02:44.280> a 00:02:44.780 --> 00:02:44.790 align:start position:0% they have done is that they have a 00:02:44.790 --> 00:02:47.119 align:start position:0% they have done is that they have a sponsor<00:02:45.359> their<00:02:45.750> whole<00:02:46.129> paramilitary 00:02:47.119 --> 00:02:47.129 align:start position:0% sponsor their whole paramilitary 00:02:47.129 --> 00:02:50.180 align:start position:0% sponsor their whole paramilitary guerrilla<00:02:47.840> the<00:02:48.840> way<00:02:49.019> they<00:02:49.200> do<00:02:49.260> this<00:02:49.590> is<00:02:49.890> that 00:02:50.180 --> 00:02:50.190 align:start position:0% guerrilla the way they do this is that 00:02:50.190 --> 00:02:55.729 align:start position:0% guerrilla the way they do this is that they<00:02:50.489> have<00:02:51.859> basically<00:02:53.299> put<00:02:54.299> people<00:02:54.810> from<00:02:55.650> a 00:02:55.729 --> 00:02:55.739 align:start position:0% they have basically put people from a 00:02:55.739 --> 00:02:58.970 align:start position:0% they have basically put people from a political<00:02:55.980> party<00:02:56.489> and<00:02:56.720> they<00:02:57.720> have<00:02:57.980> funded 00:02:58.970 --> 00:02:58.980 align:start position:0% political party and they have funded 00:02:58.980 --> 00:03:01.149 align:start position:0% political party and they have funded them<00:02:59.190> they<00:02:59.519> have<00:02:59.670> given<00:02:59.909> their<00:03:00.269> arms<00:03:00.870> weapons 00:03:01.149 --> 00:03:01.159 align:start position:0% them they have given their arms weapons 00:03:01.159 --> 00:03:04.670 align:start position:0% them they have given their arms weapons resources<00:03:02.159> and<00:03:02.370> these<00:03:03.060> guys<00:03:03.359> show<00:03:03.720> up<00:03:03.959> at<00:03:04.230> any 00:03:04.670 --> 00:03:04.680 align:start position:0% resources and these guys show up at any 00:03:04.680 --> 00:03:07.099 align:start position:0% resources and these guys show up at any dissident<00:03:05.310> or<00:03:05.430> any<00:03:05.639> protest<00:03:06.209> so<00:03:06.510> it<00:03:06.870> is 00:03:07.099 --> 00:03:07.109 align:start position:0% dissident or any protest so it is 00:03:07.109 --> 00:03:10.039 align:start position:0% dissident or any protest so it is citizens<00:03:07.530> repressing<00:03:08.459> citizens<00:03:08.970> that<00:03:09.780> are 00:03:10.039 --> 00:03:10.049 align:start position:0% citizens repressing citizens that are 00:03:10.049 --> 00:03:11.629 align:start position:0% citizens repressing citizens that are these<00:03:10.349> citizens<00:03:10.829> the<00:03:10.920> case<00:03:11.099> there<00:03:11.549> is 00:03:11.629 --> 00:03:11.639 align:start position:0% these citizens the case there is 00:03:11.639 --> 00:03:12.890 align:start position:0% these citizens the case there is sponsored<00:03:12.030> by<00:03:12.120> the<00:03:12.150> government<00:03:12.569> this<00:03:12.840> is 00:03:12.890 --> 00:03:12.900 align:start position:0% sponsored by the government this is 00:03:12.900 --> 00:03:14.629 align:start position:0% sponsored by the government this is exact<00:03:13.349> thing<00:03:13.590> that<00:03:13.859> we're<00:03:14.159> seeing<00:03:14.400> right<00:03:14.489> now 00:03:14.629 --> 00:03:14.639 align:start position:0% exact thing that we're seeing right now 00:03:14.639 --> 00:03:16.910 align:start position:0% exact thing that we're seeing right now in<00:03:14.909> Nicaragua<00:03:15.510> with<00:03:16.019> Daniel<00:03:16.290> Ortega<00:03:16.590> the 00:03:16.910 --> 00:03:16.920 align:start position:0% in Nicaragua with Daniel Ortega the 00:03:16.920 --> 00:03:18.619 align:start position:0% in Nicaragua with Daniel Ortega the paramilitaries<00:03:17.670> are<00:03:17.819> running<00:03:18.090> the<00:03:18.239> are 00:03:18.619 --> 00:03:18.629 align:start position:0% paramilitaries are running the are 00:03:18.629 --> 00:03:20.869 align:start position:0% paramilitaries are running the are running<00:03:18.989> the<00:03:19.199> country<00:03:19.440> there<00:03:19.799> we<00:03:20.699> have<00:03:20.849> been 00:03:20.869 --> 00:03:20.879 align:start position:0% running the country there we have been 00:03:20.879 --> 00:03:23.330 align:start position:0% running the country there we have been living<00:03:21.180> this<00:03:21.510> since<00:03:21.989> 2000<00:03:22.530> approximate<00:03:23.220> since 00:03:23.330 --> 00:03:23.340 align:start position:0% living this since 2000 approximate since 00:03:23.340 --> 00:03:27.740 align:start position:0% living this since 2000 approximate since 2012<00:03:24.030> or<00:03:24.269> something<00:03:25.910> 15<00:03:26.910> years<00:03:27.209> of<00:03:27.389> exchange 00:03:27.740 --> 00:03:27.750 align:start position:0% 2012 or something 15 years of exchange 00:03:27.750 --> 00:03:29.869 align:start position:0% 2012 or something 15 years of exchange control<00:03:28.169> Venezuela<00:03:29.069> is<00:03:29.129> one<00:03:29.430> of<00:03:29.549> the<00:03:29.669> few 00:03:29.869 --> 00:03:29.879 align:start position:0% control Venezuela is one of the few 00:03:29.879 --> 00:03:32.300 align:start position:0% control Venezuela is one of the few places<00:03:30.209> in<00:03:30.660> the<00:03:30.750> world<00:03:30.959> where<00:03:31.379> we<00:03:31.500> can<00:03:31.590> exactly 00:03:32.300 --> 00:03:32.310 align:start position:0% places in the world where we can exactly 00:03:32.310 --> 00:03:35.360 align:start position:0% places in the world where we can exactly pinpoint<00:03:32.569> where<00:03:33.569> everything<00:03:34.230> went<00:03:34.739> to<00:03:34.889> hell 00:03:35.360 --> 00:03:35.370 align:start position:0% pinpoint where everything went to hell 00:03:35.370 --> 00:03:38.659 align:start position:0% pinpoint where everything went to hell in<00:03:35.489> this<00:03:35.970> case<00:03:36.299> it<00:03:36.629> was<00:03:36.810> in<00:03:36.959> 2003<00:03:37.620> when<00:03:38.280> former 00:03:38.659 --> 00:03:38.669 align:start position:0% in this case it was in 2003 when former 00:03:38.669 --> 00:03:40.640 align:start position:0% in this case it was in 2003 when former President<00:03:39.180> Hugo<00:03:39.359> Chavez<00:03:39.959> in<00:03:40.169> a<00:03:40.260> public 00:03:40.640 --> 00:03:40.650 align:start position:0% President Hugo Chavez in a public 00:03:40.650 --> 00:03:44.750 align:start position:0% President Hugo Chavez in a public speaking<00:03:40.919> he<00:03:42.650> expressed<00:03:43.650> his<00:03:43.799> frustration<00:03:43.949> in 00:03:44.750 --> 00:03:44.760 align:start position:0% speaking he expressed his frustration in 00:03:44.760 --> 00:03:46.699 align:start position:0% speaking he expressed his frustration in the<00:03:45.239> fact<00:03:45.480> that<00:03:45.569> he<00:03:45.840> could<00:03:45.989> no<00:03:46.049> longer<00:03:46.079> fund 00:03:46.699 --> 00:03:46.709 align:start position:0% the fact that he could no longer fund 00:03:46.709 --> 00:03:48.949 align:start position:0% the fact that he could no longer fund public<00:03:47.099> programs<00:03:47.489> because<00:03:47.819> the<00:03:48.359> government 00:03:48.949 --> 00:03:48.959 align:start position:0% public programs because the government 00:03:48.959 --> 00:03:51.920 align:start position:0% public programs because the government had<00:03:49.079> ran<00:03:49.319> out<00:03:49.470> of<00:03:49.500> money<00:03:49.709> the<00:03:50.069> budget<00:03:50.730> right<00:03:51.510> so 00:03:51.920 --> 00:03:51.930 align:start position:0% had ran out of money the budget right so 00:03:51.930 --> 00:03:55.009 align:start position:0% had ran out of money the budget right so since<00:03:52.919> he<00:03:53.160> enjoyed<00:03:53.849> tremendous<00:03:54.540> popular 00:03:55.009 --> 00:03:55.019 align:start position:0% since he enjoyed tremendous popular 00:03:55.019 --> 00:03:58.039 align:start position:0% since he enjoyed tremendous popular support<00:03:55.280> the<00:03:56.280> Parliament<00:03:56.970> there<00:03:57.419> I<00:03:57.659> proved<00:03:57.959> a 00:03:58.039 --> 00:03:58.049 align:start position:0% support the Parliament there I proved a 00:03:58.049 --> 00:03:59.509 align:start position:0% support the Parliament there I proved a lot<00:03:58.230> that<00:03:58.530> could<00:03:58.650> essentially<00:03:59.040> allow<00:03:59.459> the 00:03:59.509 --> 00:03:59.519 align:start position:0% lot that could essentially allow the 00:03:59.519 --> 00:04:02.360 align:start position:0% lot that could essentially allow the President<00:04:00.180> to<00:04:00.239> ask<00:04:00.510> as<00:04:00.870> much<00:04:01.109> money<00:04:01.349> as<00:04:01.680> he 00:04:02.360 --> 00:04:02.370 align:start position:0% President to ask as much money as he 00:04:02.370 --> 00:04:06.369 align:start position:0% President to ask as much money as he wanted<00:04:03.169> these<00:04:04.169> of<00:04:04.859> course<00:04:05.280> put<00:04:05.549> tremendous 00:04:06.369 --> 00:04:06.379 align:start position:0% wanted these of course put tremendous 00:04:06.379 --> 00:04:08.569 align:start position:0% wanted these of course put tremendous inflationary<00:04:07.379> pressure<00:04:07.739> into<00:04:08.040> the<00:04:08.129> economic 00:04:08.569 --> 00:04:08.579 align:start position:0% inflationary pressure into the economic 00:04:08.579 --> 00:04:10.159 align:start position:0% inflationary pressure into the economic because<00:04:08.909> the<00:04:09.359> government<00:04:09.810> the<00:04:10.049> government 00:04:10.159 --> 00:04:10.169 align:start position:0% because the government the government 00:04:10.169 --> 00:04:13.309 align:start position:0% because the government the government was<00:04:10.590> printing<00:04:11.099> money<00:04:11.129> like<00:04:11.489> crazy<00:04:12.319> another 00:04:13.309 --> 00:04:13.319 align:start position:0% was printing money like crazy another 00:04:13.319 --> 00:04:16.339 align:start position:0% was printing money like crazy another part<00:04:13.769> of<00:04:13.889> this<00:04:14.099> is<00:04:14.370> that<00:04:14.959> the<00:04:15.959> government 00:04:16.339 --> 00:04:16.349 align:start position:0% part of this is that the government 00:04:16.349 --> 00:04:18.979 align:start position:0% part of this is that the government imposed<00:04:16.799> the<00:04:17.430> year<00:04:17.639> after<00:04:18.060> a<00:04:18.239> currency 00:04:18.979 --> 00:04:18.989 align:start position:0% imposed the year after a currency 00:04:18.989 --> 00:04:21.379 align:start position:0% imposed the year after a currency control<00:04:19.409> mechanism<00:04:20.010> this<00:04:20.549> currency<00:04:20.909> control 00:04:21.379 --> 00:04:21.389 align:start position:0% control mechanism this currency control 00:04:21.389 --> 00:04:23.959 align:start position:0% control mechanism this currency control mechanism<00:04:21.959> means<00:04:22.169> that<00:04:22.770> regular<00:04:23.460> citizens 00:04:23.959 --> 00:04:23.969 align:start position:0% mechanism means that regular citizens 00:04:23.969 --> 00:04:26.190 align:start position:0% mechanism means that regular citizens Venezuela<00:04:24.479> Venice<00:04:25.169> ones<00:04:25.469> can 00:04:26.190 --> 00:04:26.200 align:start position:0% Venezuela Venice ones can 00:04:26.200 --> 00:04:28.980 align:start position:0% Venezuela Venice ones can not<00:04:26.350> by<00:04:26.830> dollars<00:04:27.550> euros<00:04:28.030> or<00:04:28.480> any<00:04:28.720> other 00:04:28.980 --> 00:04:28.990 align:start position:0% not by dollars euros or any other 00:04:28.990 --> 00:04:31.830 align:start position:0% not by dollars euros or any other currencies<00:04:29.640> essentially<00:04:30.640> the<00:04:31.330> people<00:04:31.720> the 00:04:31.830 --> 00:04:31.840 align:start position:0% currencies essentially the people the 00:04:31.840 --> 00:04:33.720 align:start position:0% currencies essentially the people the population<00:04:32.050> have<00:04:32.740> to<00:04:32.860> result<00:04:33.250> to<00:04:33.310> a<00:04:33.400> black 00:04:33.720 --> 00:04:33.730 align:start position:0% population have to result to a black 00:04:33.730 --> 00:04:36.500 align:start position:0% population have to result to a black market<00:04:34.000> to<00:04:34.600> get<00:04:34.780> dollars<00:04:35.230> if<00:04:35.500> they<00:04:35.800> need 00:04:36.500 --> 00:04:36.510 align:start position:0% market to get dollars if they need 00:04:36.510 --> 00:04:39.360 align:start position:0% market to get dollars if they need Venice<00:04:37.510> regular<00:04:37.990> Venezuelans<00:04:38.530> cannot<00:04:38.980> access 00:04:39.360 --> 00:04:39.370 align:start position:0% Venice regular Venezuelans cannot access 00:04:39.370 --> 00:04:46.370 align:start position:0% Venice regular Venezuelans cannot access these<00:04:40.380> these<00:04:41.380> hard<00:04:42.070> currencies<00:04:42.550> and<00:04:43.540> so<00:04:43.990> the 00:04:46.370 --> 00:04:46.380 align:start position:0% these these hard currencies and so the 00:04:46.380 --> 00:04:51.480 align:start position:0% these these hard currencies and so the the<00:04:47.380> control<00:04:47.830> of<00:04:48.330> the<00:04:49.330> access<00:04:49.690> to<00:04:49.900> dollars<00:04:50.490> the 00:04:51.480 --> 00:04:51.490 align:start position:0% the control of the access to dollars the 00:04:51.490 --> 00:04:55.230 align:start position:0% the control of the access to dollars the government<00:04:51.610> has<00:04:51.970> it<00:04:53.040> one<00:04:54.040> of<00:04:54.130> the<00:04:54.280> one<00:04:54.970> of<00:04:55.000> the 00:04:55.230 --> 00:04:55.240 align:start position:0% government has it one of the one of the 00:04:55.240 --> 00:04:58.050 align:start position:0% government has it one of the one of the worst<00:04:55.510> aspects<00:04:56.050> of<00:04:56.230> this<00:04:56.440> is<00:04:56.710> that<00:04:57.370> the 00:04:58.050 --> 00:04:58.060 align:start position:0% worst aspects of this is that the 00:04:58.060 --> 00:05:00.390 align:start position:0% worst aspects of this is that the government<00:04:58.450> has<00:04:58.560> infiltrated<00:04:59.560> all<00:05:00.010> public 00:05:00.390 --> 00:05:00.400 align:start position:0% government has infiltrated all public 00:05:00.400 --> 00:05:02.820 align:start position:0% government has infiltrated all public institutions<00:05:00.520> even<00:05:01.270> private<00:05:02.140> sector<00:05:02.470> because 00:05:02.820 --> 00:05:02.830 align:start position:0% institutions even private sector because 00:05:02.830 --> 00:05:05.250 align:start position:0% institutions even private sector because they're<00:05:03.100> the<00:05:03.280> ones<00:05:03.550> who<00:05:03.880> decides<00:05:04.660> who<00:05:05.080> gets 00:05:05.250 --> 00:05:05.260 align:start position:0% they're the ones who decides who gets 00:05:05.260 --> 00:05:07.680 align:start position:0% they're the ones who decides who gets the<00:05:05.560> dollar<00:05:05.770> if<00:05:06.190> you're<00:05:06.610> a<00:05:06.640> businessman<00:05:07.540> in 00:05:07.680 --> 00:05:07.690 align:start position:0% the dollar if you're a businessman in 00:05:07.690 --> 00:05:09.420 align:start position:0% the dollar if you're a businessman in Venezuela<00:05:08.080> and<00:05:08.320> you<00:05:08.500> want<00:05:08.680> to<00:05:08.860> invest<00:05:09.190> in<00:05:09.310> the 00:05:09.420 --> 00:05:09.430 align:start position:0% Venezuela and you want to invest in the 00:05:09.430 --> 00:05:12.120 align:start position:0% Venezuela and you want to invest in the country<00:05:09.640> and<00:05:10.030> you<00:05:10.720> want<00:05:10.990> to<00:05:11.200> purchase<00:05:11.650> dollars 00:05:12.120 --> 00:05:12.130 align:start position:0% country and you want to purchase dollars 00:05:12.130 --> 00:05:14.160 align:start position:0% country and you want to purchase dollars to<00:05:12.280> import<00:05:12.670> some<00:05:12.850> goods<00:05:13.120> you<00:05:13.750> have<00:05:13.900> to<00:05:14.050> go 00:05:14.160 --> 00:05:14.170 align:start position:0% to import some goods you have to go 00:05:14.170 --> 00:05:16.380 align:start position:0% to import some goods you have to go through<00:05:14.350> the<00:05:14.440> government<00:05:14.830> and<00:05:15.040> you<00:05:16.030> need 00:05:16.380 --> 00:05:16.390 align:start position:0% through the government and you need 00:05:16.390 --> 00:05:18.360 align:start position:0% through the government and you need connections<00:05:16.840> with<00:05:17.200> the<00:05:17.290> government<00:05:17.680> so<00:05:18.070> these 00:05:18.360 --> 00:05:18.370 align:start position:0% connections with the government so these 00:05:18.370 --> 00:05:20.730 align:start position:0% connections with the government so these currency<00:05:18.820> control<00:05:19.120> mechanism<00:05:19.690> mechanism<00:05:20.350> has 00:05:20.730 --> 00:05:20.740 align:start position:0% currency control mechanism mechanism has 00:05:20.740 --> 00:05:22.860 align:start position:0% currency control mechanism mechanism has been<00:05:20.950> used<00:05:21.310> by<00:05:21.490> the<00:05:21.640> government<00:05:21.760> since<00:05:22.270> 2003 00:05:22.860 --> 00:05:22.870 align:start position:0% been used by the government since 2003 00:05:22.870 --> 00:05:26.340 align:start position:0% been used by the government since 2003 to<00:05:23.440> seize<00:05:23.710> power<00:05:24.070> and<00:05:24.520> to<00:05:25.330> basically<00:05:25.810> exert 00:05:26.340 --> 00:05:26.350 align:start position:0% to seize power and to basically exert 00:05:26.350 --> 00:05:29.030 align:start position:0% to seize power and to basically exert influence<00:05:26.710> all<00:05:27.250> over<00:05:27.310> the<00:05:27.760> economy 00:05:29.030 --> 00:05:29.040 align:start position:0% influence all over the economy 00:05:29.040 --> 00:05:33.870 align:start position:0% influence all over the economy Venezuelans<00:05:30.330> in<00:05:31.350> this<00:05:32.350> scenario<00:05:33.010> they<00:05:33.730> have 00:05:33.870 --> 00:05:33.880 align:start position:0% Venezuelans in this scenario they have 00:05:33.880 --> 00:05:35.430 align:start position:0% Venezuelans in this scenario they have to<00:05:34.030> resort<00:05:34.300> to<00:05:34.360> the<00:05:34.510> black-market<00:05:34.780> to<00:05:35.290> get 00:05:35.430 --> 00:05:35.440 align:start position:0% to resort to the black-market to get 00:05:35.440 --> 00:05:39.330 align:start position:0% to resort to the black-market to get their<00:05:35.590> dollars<00:05:35.950> in<00:05:36.790> my<00:05:37.030> case<00:05:37.470> crypto<00:05:38.470> this<00:05:39.190> is 00:05:39.330 --> 00:05:39.340 align:start position:0% their dollars in my case crypto this is 00:05:39.340 --> 00:05:45.330 align:start position:0% their dollars in my case crypto this is the<00:05:39.430> sort<00:05:39.610> of<00:05:39.700> crypto<00:05:40.600> main<00:05:40.870> drive<00:05:43.050> in<00:05:44.100> 2015<00:05:45.100> I 00:05:45.330 --> 00:05:45.340 align:start position:0% the sort of crypto main drive in 2015 I 00:05:45.340 --> 00:05:47.430 align:start position:0% the sort of crypto main drive in 2015 I was<00:05:45.640> basically<00:05:46.480> seeking<00:05:46.810> for<00:05:47.170> ways<00:05:47.410> to 00:05:47.430 --> 00:05:47.440 align:start position:0% was basically seeking for ways to 00:05:47.440 --> 00:05:49.650 align:start position:0% was basically seeking for ways to generate<00:05:47.920> income<00:05:48.460> online<00:05:48.670> get<00:05:49.270> some<00:05:49.450> work 00:05:49.650 --> 00:05:49.660 align:start position:0% generate income online get some work 00:05:49.660 --> 00:05:52.230 align:start position:0% generate income online get some work done<00:05:49.830> because<00:05:50.830> minimum<00:05:51.400> wage<00:05:51.580> at<00:05:51.880> the<00:05:51.940> time 00:05:52.230 --> 00:05:52.240 align:start position:0% done because minimum wage at the time 00:05:52.240 --> 00:05:56.370 align:start position:0% done because minimum wage at the time was<00:05:52.600> about<00:05:53.080> $30<00:05:53.800> per<00:05:54.040> month<00:05:54.690> everyone<00:05:55.690> I<00:05:56.140> was 00:05:56.370 --> 00:05:56.380 align:start position:0% was about $30 per month everyone I was 00:05:56.380 --> 00:05:58.770 align:start position:0% was about $30 per month everyone I was hearing<00:05:56.680> stories<00:05:57.010> of<00:05:57.190> people<00:05:57.670> playing<00:05:57.940> games 00:05:58.770 --> 00:05:58.780 align:start position:0% hearing stories of people playing games 00:05:58.780 --> 00:06:01.080 align:start position:0% hearing stories of people playing games like<00:05:59.230> World<00:05:59.410> of<00:05:59.500> Warcraft<00:06:00.070> to<00:06:00.400> mine<00:06:00.610> gold<00:06:00.940> and 00:06:01.080 --> 00:06:01.090 align:start position:0% like World of Warcraft to mine gold and 00:06:01.090 --> 00:06:03.870 align:start position:0% like World of Warcraft to mine gold and they<00:06:01.270> were<00:06:01.540> selling<00:06:01.900> that<00:06:01.990> gold<00:06:02.290> on<00:06:02.880> the 00:06:03.870 --> 00:06:03.880 align:start position:0% they were selling that gold on the 00:06:03.880 --> 00:06:05.370 align:start position:0% they were selling that gold on the internet<00:06:04.180> and<00:06:04.420> they<00:06:04.600> were<00:06:04.660> making<00:06:04.900> more<00:06:05.230> money 00:06:05.370 --> 00:06:05.380 align:start position:0% internet and they were making more money 00:06:05.380 --> 00:06:08.460 align:start position:0% internet and they were making more money that<00:06:05.620> engineers<00:06:06.220> programmers<00:06:07.470> normal 00:06:08.460 --> 00:06:08.470 align:start position:0% that engineers programmers normal 00:06:08.470 --> 00:06:11.310 align:start position:0% that engineers programmers normal employees<00:06:08.950> inside<00:06:09.310> the<00:06:09.430> country<00:06:09.750> so<00:06:10.750> after 00:06:11.310 --> 00:06:11.320 align:start position:0% employees inside the country so after 00:06:11.320 --> 00:06:13.140 align:start position:0% employees inside the country so after hearing<00:06:11.500> all<00:06:11.680> these<00:06:11.890> stories<00:06:12.160> I<00:06:12.370> decided<00:06:12.730> what 00:06:13.140 --> 00:06:13.150 align:start position:0% hearing all these stories I decided what 00:06:13.150 --> 00:06:14.970 align:start position:0% hearing all these stories I decided what the<00:06:13.180> hell<00:06:13.420> let's<00:06:14.170> do<00:06:14.380> some<00:06:14.560> work<00:06:14.740> on<00:06:14.860> the 00:06:14.970 --> 00:06:14.980 align:start position:0% the hell let's do some work on the 00:06:14.980 --> 00:06:17.970 align:start position:0% the hell let's do some work on the internet<00:06:15.310> and<00:06:15.720> I<00:06:16.720> joined<00:06:17.170> these<00:06:17.380> platforms 00:06:17.970 --> 00:06:17.980 align:start position:0% internet and I joined these platforms 00:06:17.980 --> 00:06:20.820 align:start position:0% internet and I joined these platforms things<00:06:18.340> like<00:06:18.490> upwork<00:06:18.910> freelancer<00:06:19.600> fiber<00:06:19.960> to 00:06:20.820 --> 00:06:20.830 align:start position:0% things like upwork freelancer fiber to 00:06:20.830 --> 00:06:22.860 align:start position:0% things like upwork freelancer fiber to some<00:06:21.490> work<00:06:21.700> things<00:06:22.270> like<00:06:22.360> translation 00:06:22.860 --> 00:06:22.870 align:start position:0% some work things like translation 00:06:22.870 --> 00:06:25.770 align:start position:0% some work things like translation content<00:06:23.470> creation<00:06:23.760> etc<00:06:24.760> the<00:06:25.390> problem<00:06:25.690> with 00:06:25.770 --> 00:06:25.780 align:start position:0% content creation etc the problem with 00:06:25.780 --> 00:06:27.960 align:start position:0% content creation etc the problem with this<00:06:25.930> is<00:06:26.230> that<00:06:26.410> these<00:06:26.650> services<00:06:27.310> they<00:06:27.640> rely<00:06:27.940> on 00:06:27.960 --> 00:06:27.970 align:start position:0% this is that these services they rely on 00:06:27.970 --> 00:06:29.820 align:start position:0% this is that these services they rely on centralized<00:06:28.570> payment<00:06:28.990> system<00:06:29.380> like<00:06:29.560> PayPal 00:06:29.820 --> 00:06:29.830 align:start position:0% centralized payment system like PayPal 00:06:29.830 --> 00:06:33.740 align:start position:0% centralized payment system like PayPal Payoneer<00:06:30.790> and<00:06:31.180> other<00:06:31.360> gatekeepers<00:06:32.110> of<00:06:32.290> the 00:06:33.740 --> 00:06:33.750 align:start position:0% Payoneer and other gatekeepers of the 00:06:33.750 --> 00:06:36.180 align:start position:0% Payoneer and other gatekeepers of the international<00:06:34.750> in<00:06:34.990> this<00:06:35.230> case<00:06:35.440> internet 00:06:36.180 --> 00:06:36.190 align:start position:0% international in this case internet 00:06:36.190 --> 00:06:39.930 align:start position:0% international in this case internet money<00:06:36.340> world<00:06:37.800> these<00:06:38.800> platforms<00:06:39.430> also 00:06:39.930 --> 00:06:39.940 align:start position:0% money world these platforms also 00:06:39.940 --> 00:06:44.610 align:start position:0% money world these platforms also cut<00:06:40.330> so<00:06:40.720> I<00:06:41.050> was<00:06:41.710> getting<00:06:42.360> 70%<00:06:43.360> of<00:06:43.510> of<00:06:44.110> the<00:06:44.410> money 00:06:44.610 --> 00:06:44.620 align:start position:0% cut so I was getting 70% of of the money 00:06:44.620 --> 00:06:47.520 align:start position:0% cut so I was getting 70% of of the money by<00:06:45.340> using<00:06:45.520> upward<00:06:46.000> freelancer<00:06:46.630> and<00:06:46.750> then<00:06:47.350> in 00:06:47.520 --> 00:06:47.530 align:start position:0% by using upward freelancer and then in 00:06:47.530 --> 00:06:49.770 align:start position:0% by using upward freelancer and then in Venezuela<00:06:48.010> I<00:06:48.310> had<00:06:48.730> to<00:06:48.880> purchase<00:06:49.120> a<00:06:49.420> PayPal 00:06:49.770 --> 00:06:49.780 align:start position:0% Venezuela I had to purchase a PayPal 00:06:49.780 --> 00:06:51.420 align:start position:0% Venezuela I had to purchase a PayPal account<00:06:49.840> because<00:06:50.350> the<00:06:50.740> currency<00:06:51.010> control 00:06:51.420 --> 00:06:51.430 align:start position:0% account because the currency control 00:06:51.430 --> 00:06:54.780 align:start position:0% account because the currency control mechanism<00:06:51.910> does<00:06:52.090> not<00:06:52.390> let<00:06:52.660> me<00:06:53.190> cash<00:06:54.190> out<00:06:54.490> those 00:06:54.780 --> 00:06:54.790 align:start position:0% mechanism does not let me cash out those 00:06:54.790 --> 00:06:57.300 align:start position:0% mechanism does not let me cash out those dollars<00:06:55.360> into<00:06:55.630> my<00:06:55.870> currency<00:06:56.320> so<00:06:56.770> I<00:06:56.800> have<00:06:56.980> to<00:06:57.130> I 00:06:57.300 --> 00:06:57.310 align:start position:0% dollars into my currency so I have to I 00:06:57.310 --> 00:06:59.640 align:start position:0% dollars into my currency so I have to I had<00:06:57.520> to<00:06:57.700> buy<00:06:57.880> a<00:06:58.180> verified<00:06:58.780> PayPal<00:06:59.110> account<00:06:59.440> and 00:06:59.640 --> 00:06:59.650 align:start position:0% had to buy a verified PayPal account and 00:06:59.650 --> 00:07:04.140 align:start position:0% had to buy a verified PayPal account and then<00:07:00.340> I<00:07:00.580> had<00:07:00.760> to<00:07:00.970> I<00:07:01.330> was<00:07:01.900> using<00:07:02.380> a<00:07:02.710> dealer<00:07:03.490> to 00:07:04.140 --> 00:07:04.150 align:start position:0% then I had to I was using a dealer to 00:07:04.150 --> 00:07:05.760 align:start position:0% then I had to I was using a dealer to sell<00:07:04.390> these<00:07:04.630> dollars<00:07:05.170> that<00:07:05.350> was<00:07:05.440> earning 00:07:05.760 --> 00:07:05.770 align:start position:0% sell these dollars that was earning 00:07:05.770 --> 00:07:09.060 align:start position:0% sell these dollars that was earning people<00:07:06.220> for<00:07:06.970> significantly<00:07:07.510> less<00:07:07.890> to<00:07:08.890> put 00:07:09.060 --> 00:07:09.070 align:start position:0% people for significantly less to put 00:07:09.070 --> 00:07:10.800 align:start position:0% people for significantly less to put things<00:07:09.220> into<00:07:09.460> perspective<00:07:09.550> and<00:07:10.210> make<00:07:10.690> it 00:07:10.800 --> 00:07:10.810 align:start position:0% things into perspective and make it 00:07:10.810 --> 00:07:14.580 align:start position:0% things into perspective and make it simple<00:07:11.200> I<00:07:11.380> was<00:07:11.880> making<00:07:12.880> like<00:07:13.000> 40%<00:07:13.660> less<00:07:13.840> of<00:07:14.170> my 00:07:14.580 --> 00:07:14.590 align:start position:0% simple I was making like 40% less of my 00:07:14.590 --> 00:07:16.560 align:start position:0% simple I was making like 40% less of my work<00:07:14.860> what<00:07:15.160> I<00:07:15.190> deserve<00:07:15.610> just<00:07:16.330> by<00:07:16.450> using 00:07:16.560 --> 00:07:16.570 align:start position:0% work what I deserve just by using 00:07:16.570 --> 00:07:20.940 align:start position:0% work what I deserve just by using decentralized<00:07:17.380> service<00:07:17.770> systems<00:07:19.440> so<00:07:20.440> I've 00:07:20.940 --> 00:07:20.950 align:start position:0% decentralized service systems so I've 00:07:20.950 --> 00:07:22.620 align:start position:0% decentralized service systems so I've done<00:07:21.400> in<00:07:21.580> this<00:07:21.700> cryptocurrencies<00:07:22.150> in<00:07:22.420> space 00:07:22.620 --> 00:07:22.630 align:start position:0% done in this cryptocurrencies in space 00:07:22.630 --> 00:07:25.080 align:start position:0% done in this cryptocurrencies in space everything's<00:07:23.200> in<00:07:23.410> solving<00:07:23.770> CAPTCHAs<00:07:24.090> writing 00:07:25.080 --> 00:07:25.090 align:start position:0% everything's in solving CAPTCHAs writing 00:07:25.090 --> 00:07:28.290 align:start position:0% everything's in solving CAPTCHAs writing articles<00:07:25.360> and<00:07:25.860> a<00:07:26.860> bunch<00:07:27.070> of<00:07:27.190> other<00:07:27.370> stuff<00:07:27.670> in 00:07:28.290 --> 00:07:28.300 align:start position:0% articles and a bunch of other stuff in 00:07:28.300 --> 00:07:33.090 align:start position:0% articles and a bunch of other stuff in at<00:07:28.930> the<00:07:29.080> end<00:07:29.200> of<00:07:29.290> 2015<00:07:29.890> I<00:07:30.400> joined<00:07:31.390> I<00:07:32.010> stumped<00:07:33.010> up 00:07:33.090 --> 00:07:33.100 align:start position:0% at the end of 2015 I joined I stumped up 00:07:33.100 --> 00:07:35.580 align:start position:0% at the end of 2015 I joined I stumped up on<00:07:33.250> Bitcoin<00:07:33.460> talk<00:07:33.820> for<00:07:34.090> him<00:07:34.180> and<00:07:34.420> I<00:07:35.140> saw<00:07:35.380> there 00:07:35.580 --> 00:07:35.590 align:start position:0% on Bitcoin talk for him and I saw there 00:07:35.590 --> 00:07:38.070 align:start position:0% on Bitcoin talk for him and I saw there there<00:07:35.830> was<00:07:35.950> some<00:07:36.130> guy<00:07:36.340> who<00:07:37.060> was<00:07:37.240> paying<00:07:37.810> people 00:07:38.070 --> 00:07:38.080 align:start position:0% there was some guy who was paying people 00:07:38.080 --> 00:07:40.530 align:start position:0% there was some guy who was paying people for<00:07:38.500> solving<00:07:39.340> CAPTCHAs<00:07:39.580> and<00:07:39.910> he<00:07:40.150> was<00:07:40.300> paying 00:07:40.530 --> 00:07:40.540 align:start position:0% for solving CAPTCHAs and he was paying 00:07:40.540 --> 00:07:44.180 align:start position:0% for solving CAPTCHAs and he was paying with<00:07:40.720> Bitcoin<00:07:41.170> he<00:07:41.620> was<00:07:41.740> paying<00:07:43.140> 0.0015 00:07:44.180 --> 00:07:44.190 align:start position:0% with Bitcoin he was paying 0.0015 00:07:44.190 --> 00:07:47.940 align:start position:0% with Bitcoin he was paying 0.0015 Bitcoin<00:07:45.190> per<00:07:45.970> thousand<00:07:46.900> CAPTCHAs<00:07:47.350> which 00:07:47.940 --> 00:07:47.950 align:start position:0% Bitcoin per thousand CAPTCHAs which 00:07:47.950 --> 00:07:52.110 align:start position:0% Bitcoin per thousand CAPTCHAs which equals<00:07:48.700> to<00:07:49.140> 150<00:07:50.140> Satoshi's<00:07:50.800> per<00:07:51.580> CAPTCHA 00:07:52.110 --> 00:07:52.120 align:start position:0% equals to 150 Satoshi's per CAPTCHA 00:07:52.120 --> 00:07:54.960 align:start position:0% equals to 150 Satoshi's per CAPTCHA there<00:07:53.110> was<00:07:53.260> at<00:07:53.830> the<00:07:53.980> time<00:07:54.160> was<00:07:54.370> one<00:07:54.700> point 00:07:54.960 --> 00:07:54.970 align:start position:0% there was at the time was one point 00:07:54.970 --> 00:07:57.480 align:start position:0% there was at the time was one point sixty<00:07:55.240> five<00:07:55.510> dollars<00:07:55.960> per<00:07:56.620> thousand<00:07:57.040> CAPTCHAs 00:07:57.480 --> 00:07:57.490 align:start position:0% sixty five dollars per thousand CAPTCHAs 00:07:57.490 --> 00:07:59.640 align:start position:0% sixty five dollars per thousand CAPTCHAs and<00:07:57.700> I<00:07:58.480> was<00:07:58.630> making<00:07:58.930> like<00:07:59.050> five<00:07:59.260> thousand 00:07:59.640 --> 00:07:59.650 align:start position:0% and I was making like five thousand 00:07:59.650 --> 00:08:04.340 align:start position:0% and I was making like five thousand captures<00:08:00.010> per<00:08:00.190> month<00:08:00.400> per<00:08:00.970> per<00:08:01.180> day<00:08:02.070> yeah<00:08:03.070> and 00:08:04.340 --> 00:08:04.350 align:start position:0% captures per month per per day yeah and 00:08:04.350 --> 00:08:08.970 align:start position:0% captures per month per per day yeah and yeah<00:08:05.350> so<00:08:06.100> these<00:08:07.320> this<00:08:08.320> was<00:08:08.530> a<00:08:08.560> nice<00:08:08.800> experience 00:08:08.970 --> 00:08:08.980 align:start position:0% yeah so these this was a nice experience 00:08:08.980 --> 00:08:11.760 align:start position:0% yeah so these this was a nice experience I<00:08:09.610> felt<00:08:10.270> like<00:08:10.360> it<00:08:10.510> was<00:08:10.600> throwing<00:08:10.810> my<00:08:11.020> life<00:08:11.410> away 00:08:11.760 --> 00:08:11.770 align:start position:0% I felt like it was throwing my life away 00:08:11.770 --> 00:08:14.220 align:start position:0% I felt like it was throwing my life away but<00:08:12.400> it<00:08:12.520> was<00:08:12.610> a<00:08:12.640> nice<00:08:12.880> experience<00:08:13.060> because<00:08:13.690> I 00:08:14.220 --> 00:08:14.230 align:start position:0% but it was a nice experience because I 00:08:14.230 --> 00:08:16.230 align:start position:0% but it was a nice experience because I was<00:08:14.470> earning<00:08:14.650> Bitcoin<00:08:15.220> and<00:08:15.460> Bitcoin<00:08:15.850> was 00:08:16.230 --> 00:08:16.240 align:start position:0% was earning Bitcoin and Bitcoin was 00:08:16.240 --> 00:08:18.510 align:start position:0% was earning Bitcoin and Bitcoin was easily<00:08:16.600> tradable<00:08:17.110> in<00:08:17.260> Venezuela<00:08:17.680> we<00:08:18.310> had 00:08:18.510 --> 00:08:18.520 align:start position:0% easily tradable in Venezuela we had 00:08:18.520 --> 00:08:20.580 align:start position:0% easily tradable in Venezuela we had served<00:08:19.030> Bitcoin<00:08:19.450> exchange<00:08:19.840> which<00:08:20.169> was<00:08:20.200> the 00:08:20.580 --> 00:08:20.590 align:start position:0% served Bitcoin exchange which was the 00:08:20.590 --> 00:08:22.050 align:start position:0% served Bitcoin exchange which was the main<00:08:20.800> Bitcoin<00:08:21.190> exchange<00:08:21.520> in<00:08:21.640> the<00:08:21.700> country 00:08:22.050 --> 00:08:22.060 align:start position:0% main Bitcoin exchange in the country 00:08:22.060 --> 00:08:24.480 align:start position:0% main Bitcoin exchange in the country which<00:08:22.600> had<00:08:22.840> instant<00:08:23.500> feared<00:08:23.890> withdrawals 00:08:24.480 --> 00:08:24.490 align:start position:0% which had instant feared withdrawals 00:08:24.490 --> 00:08:26.960 align:start position:0% which had instant feared withdrawals something<00:08:25.300> that<00:08:25.480> neither<00:08:25.960> of<00:08:26.110> you<00:08:26.290> guys<00:08:26.470> have 00:08:26.960 --> 00:08:26.970 align:start position:0% something that neither of you guys have 00:08:26.970 --> 00:08:31.470 align:start position:0% something that neither of you guys have even<00:08:27.970> in<00:08:28.060> the<00:08:28.120> US<00:08:28.800> so<00:08:29.800> and<00:08:30.790> there<00:08:30.970> was<00:08:31.150> also 00:08:31.470 --> 00:08:31.480 align:start position:0% even in the US so and there was also 00:08:31.480 --> 00:08:33.000 align:start position:0% even in the US so and there was also local<00:08:31.750> Bitcoin<00:08:32.169> which<00:08:32.589> was<00:08:32.800> gaining 00:08:33.000 --> 00:08:33.010 align:start position:0% local Bitcoin which was gaining 00:08:33.010 --> 00:08:36.750 align:start position:0% local Bitcoin which was gaining popularity<00:08:33.310> back<00:08:33.820> then<00:08:34.289> so<00:08:35.289> then<00:08:36.159> this 00:08:36.750 --> 00:08:36.760 align:start position:0% popularity back then so then this 00:08:36.760 --> 00:08:39.690 align:start position:0% popularity back then so then this happened<00:08:37.330> I<00:08:37.560> got<00:08:38.560> rekt<00:08:38.800> by<00:08:38.950> the<00:08:39.010> secret<00:08:39.400> police 00:08:39.690 --> 00:08:39.700 align:start position:0% happened I got rekt by the secret police 00:08:39.700 --> 00:08:43.500 align:start position:0% happened I got rekt by the secret police so<00:08:40.330> in<00:08:40.990> Venezuela<00:08:41.560> there's<00:08:41.940> disappear<00:08:42.940> which 00:08:43.500 --> 00:08:43.510 align:start position:0% so in Venezuela there's disappear which 00:08:43.510 --> 00:08:46.680 align:start position:0% so in Venezuela there's disappear which is<00:08:43.690> basically<00:08:44.260> the<00:08:44.589> CIA<00:08:45.040> and<00:08:45.580> NSA<00:08:45.910> combined<00:08:46.540> in 00:08:46.680 --> 00:08:46.690 align:start position:0% is basically the CIA and NSA combined in 00:08:46.690 --> 00:08:49.140 align:start position:0% is basically the CIA and NSA combined in the<00:08:46.810> country<00:08:47.200> they<00:08:48.010> use<00:08:48.250> these<00:08:48.460> secret<00:08:48.850> police 00:08:49.140 --> 00:08:49.150 align:start position:0% the country they use these secret police 00:08:49.150 --> 00:08:51.690 align:start position:0% the country they use these secret police not<00:08:49.900> to<00:08:50.290> protect<00:08:50.800> their<00:08:50.950> country<00:08:51.160> against 00:08:51.690 --> 00:08:51.700 align:start position:0% not to protect their country against 00:08:51.700 --> 00:08:53.519 align:start position:0% not to protect their country against espionage<00:08:52.360> or<00:08:52.480> something<00:08:52.870> they<00:08:53.290> use 00:08:53.519 --> 00:08:53.529 align:start position:0% espionage or something they use 00:08:53.529 --> 00:08:55.860 align:start position:0% espionage or something they use as<00:08:53.740> a<00:08:53.769> political<00:08:54.339> tool<00:08:54.550> they<00:08:54.970> imprisoned 00:08:55.860 --> 00:08:55.870 align:start position:0% as a political tool they imprisoned 00:08:55.870 --> 00:08:58.739 align:start position:0% as a political tool they imprisoned political<00:08:56.379> descents<00:08:56.829> and<00:08:57.269> basically<00:08:58.269> anyone 00:08:58.739 --> 00:08:58.749 align:start position:0% political descents and basically anyone 00:08:58.749 --> 00:09:01.189 align:start position:0% political descents and basically anyone who<00:08:58.990> is<00:08:59.050> against<00:08:59.350> the<00:08:59.470> government<00:08:59.829> this<00:08:59.920> is<00:09:00.069> a 00:09:01.189 --> 00:09:01.199 align:start position:0% who is against the government this is a 00:09:01.199 --> 00:09:04.290 align:start position:0% who is against the government this is a 2018<00:09:02.199> had<00:09:02.589> just<00:09:02.889> a<00:09:03.069> poor<00:09:03.310> stance<00:09:03.999> he<00:09:04.209> or 00:09:04.290 --> 00:09:04.300 align:start position:0% 2018 had just a poor stance he or 00:09:04.300 --> 00:09:07.350 align:start position:0% 2018 had just a poor stance he or something<00:09:04.600> so<00:09:05.370> they<00:09:06.370> detained<00:09:06.730> me<00:09:06.790> because<00:09:07.209> I 00:09:07.350 --> 00:09:07.360 align:start position:0% something so they detained me because I 00:09:07.360 --> 00:09:09.540 align:start position:0% something so they detained me because I was<00:09:07.779> doing<00:09:08.139> some<00:09:08.499> things<00:09:08.889> in<00:09:09.100> the<00:09:09.249> internet 00:09:09.540 --> 00:09:09.550 align:start position:0% was doing some things in the internet 00:09:09.550 --> 00:09:12.929 align:start position:0% was doing some things in the internet and<00:09:09.730> I<00:09:09.879> stumble<00:09:10.480> upon<00:09:10.540> in<00:09:10.930> an<00:09:11.439> open<00:09:12.160> FTP<00:09:12.670> server 00:09:12.929 --> 00:09:12.939 align:start position:0% and I stumble upon in an open FTP server 00:09:12.939 --> 00:09:15.530 align:start position:0% and I stumble upon in an open FTP server of<00:09:13.209> these<00:09:13.870> guys<00:09:14.199> with<00:09:14.889> sensitive<00:09:15.309> information 00:09:15.530 --> 00:09:15.540 align:start position:0% of these guys with sensitive information 00:09:15.540 --> 00:09:19.439 align:start position:0% of these guys with sensitive information pictures<00:09:16.540> of<00:09:16.949> agents<00:09:17.949> they<00:09:18.579> were<00:09:18.639> doing<00:09:19.209> some 00:09:19.439 --> 00:09:19.449 align:start position:0% pictures of agents they were doing some 00:09:19.449 --> 00:09:21.780 align:start position:0% pictures of agents they were doing some internal<00:09:19.809> stuff<00:09:20.139> and<00:09:20.410> they<00:09:20.620> left<00:09:20.889> an<00:09:21.069> open<00:09:21.430> FTP 00:09:21.780 --> 00:09:21.790 align:start position:0% internal stuff and they left an open FTP 00:09:21.790 --> 00:09:23.160 align:start position:0% internal stuff and they left an open FTP server<00:09:21.970> this<00:09:22.149> is<00:09:22.209> the<00:09:22.300> level<00:09:22.660> of<00:09:22.749> incompetence 00:09:23.160 --> 00:09:23.170 align:start position:0% server this is the level of incompetence 00:09:23.170 --> 00:09:27.239 align:start position:0% server this is the level of incompetence that<00:09:23.709> we<00:09:24.670> see<00:09:24.939> down<00:09:25.480> there<00:09:25.809> yeah<00:09:26.199> and<00:09:26.499> some<00:09:27.220> of 00:09:27.239 --> 00:09:27.249 align:start position:0% that we see down there yeah and some of 00:09:27.249 --> 00:09:28.949 align:start position:0% that we see down there yeah and some of you<00:09:27.459> may<00:09:27.639> believe<00:09:27.850> that<00:09:28.029> this<00:09:28.269> was<00:09:28.480> a<00:09:28.509> honeypot 00:09:28.949 --> 00:09:28.959 align:start position:0% you may believe that this was a honeypot 00:09:28.959 --> 00:09:31.439 align:start position:0% you may believe that this was a honeypot no<00:09:29.379> this<00:09:29.589> was<00:09:29.829> this<00:09:30.370> wasn't<00:09:30.579> honeypot<00:09:31.120> this 00:09:31.439 --> 00:09:31.449 align:start position:0% no this was this wasn't honeypot this 00:09:31.449 --> 00:09:35.009 align:start position:0% no this was this wasn't honeypot this was<00:09:31.680> intentionally<00:09:32.680> left<00:09:32.949> open<00:09:33.430> so<00:09:33.990> after<00:09:34.990> a 00:09:35.009 --> 00:09:35.019 align:start position:0% was intentionally left open so after a 00:09:35.019 --> 00:09:36.689 align:start position:0% was intentionally left open so after a month<00:09:35.259> of<00:09:35.439> their<00:09:35.589> Istanbul<00:09:36.040> that<00:09:36.069> that<00:09:36.459> server 00:09:36.689 --> 00:09:36.699 align:start position:0% month of their Istanbul that that server 00:09:36.699 --> 00:09:38.910 align:start position:0% month of their Istanbul that that server I<00:09:37.029> got<00:09:37.540> the<00:09:37.629> team<00:09:37.839> by<00:09:38.019> them<00:09:38.199> they<00:09:38.470> raided<00:09:38.709> my 00:09:38.910 --> 00:09:38.920 align:start position:0% I got the team by them they raided my 00:09:38.920 --> 00:09:41.819 align:start position:0% I got the team by them they raided my house<00:09:39.100> and<00:09:39.459> they<00:09:39.970> took<00:09:40.209> not<00:09:40.749> only<00:09:40.809> means<00:09:41.439> I<00:09:41.680> did 00:09:41.819 --> 00:09:41.829 align:start position:0% house and they took not only means I did 00:09:41.829 --> 00:09:44.340 align:start position:0% house and they took not only means I did police<00:09:42.040> station<00:09:42.399> but<00:09:42.939> my<00:09:43.360> mining<00:09:43.779> rigs<00:09:44.019> that<00:09:44.290> I 00:09:44.340 --> 00:09:44.350 align:start position:0% police station but my mining rigs that I 00:09:44.350 --> 00:09:48.780 align:start position:0% police station but my mining rigs that I have<00:09:44.589> for<00:09:45.220> etherium<00:09:45.899> so<00:09:46.899> this<00:09:47.680> was<00:09:47.829> a<00:09:47.860> very<00:09:48.249> bad 00:09:48.780 --> 00:09:48.790 align:start position:0% have for etherium so this was a very bad 00:09:48.790 --> 00:09:51.629 align:start position:0% have for etherium so this was a very bad experience<00:09:48.910> as<00:09:49.300> you<00:09:49.389> may<00:09:49.509> imagine<00:09:49.629> I<00:09:50.639> luckily 00:09:51.629 --> 00:09:51.639 align:start position:0% experience as you may imagine I luckily 00:09:51.639 --> 00:09:54.059 align:start position:0% experience as you may imagine I luckily I<00:09:51.970> got<00:09:52.059> out<00:09:52.389> two<00:09:52.749> weeks<00:09:52.899> after<00:09:53.470> that<00:09:53.499> I<00:09:53.649> spent 00:09:54.059 --> 00:09:54.069 align:start position:0% I got out two weeks after that I spent 00:09:54.069 --> 00:09:55.559 align:start position:0% I got out two weeks after that I spent 15<00:09:54.430> days<00:09:54.879> in<00:09:55.149> jail 00:09:55.559 --> 00:09:55.569 align:start position:0% 15 days in jail 00:09:55.569 --> 00:09:58.019 align:start position:0% 15 days in jail and<00:09:55.749> but<00:09:56.620> they<00:09:56.800> stolen<00:09:57.249> many<00:09:57.370> equipment<00:09:57.910> and 00:09:58.019 --> 00:09:58.029 align:start position:0% and but they stolen many equipment and 00:09:58.029 --> 00:09:59.540 align:start position:0% and but they stolen many equipment and they<00:09:58.389> never<00:09:58.540> returned<00:09:58.930> it 00:09:59.540 --> 00:09:59.550 align:start position:0% they never returned it 00:09:59.550 --> 00:10:01.889 align:start position:0% they never returned it they're<00:10:00.550> probably<00:10:00.879> my<00:10:01.120> name's<00:10:01.300> still<00:10:01.689> my<00:10:01.839> name 00:10:01.889 --> 00:10:01.899 align:start position:0% they're probably my name's still my name 00:10:01.899 --> 00:10:04.259 align:start position:0% they're probably my name's still my name even<00:10:02.079> by<00:10:02.379> now<00:10:02.559> or<00:10:02.709> see<00:10:03.430> cache<00:10:03.639> or<00:10:03.879> whatever 00:10:04.259 --> 00:10:04.269 align:start position:0% even by now or see cache or whatever 00:10:04.269 --> 00:10:10.410 align:start position:0% even by now or see cache or whatever yeah<00:10:05.579> so<00:10:06.600> luckily<00:10:08.279> about<00:10:09.279> one<00:10:09.699> month<00:10:09.939> ago 00:10:10.410 --> 00:10:10.420 align:start position:0% yeah so luckily about one month ago 00:10:10.420 --> 00:10:14.129 align:start position:0% yeah so luckily about one month ago this<00:10:11.379> was<00:10:11.649> all<00:10:11.920> in<00:10:11.949> 2016<00:10:12.879> at<00:10:13.449> the<00:10:13.629> end<00:10:13.750> of<00:10:13.839> it<00:10:14.019> I 00:10:14.129 --> 00:10:14.139 align:start position:0% this was all in 2016 at the end of it I 00:10:14.139 --> 00:10:16.949 align:start position:0% this was all in 2016 at the end of it I finally<00:10:15.129> at<00:10:15.370> the<00:10:15.459> end<00:10:16.269> of<00:10:16.360> the<00:10:16.540> year<00:10:16.660> I<00:10:16.689> finally 00:10:16.949 --> 00:10:16.959 align:start position:0% finally at the end of the year I finally 00:10:16.959 --> 00:10:18.179 align:start position:0% finally at the end of the year I finally got<00:10:17.199> a<00:10:17.230> real<00:10:17.410> job<00:10:17.680> in<00:10:17.800> the<00:10:17.860> cryptocurrencies 00:10:18.179 --> 00:10:18.189 align:start position:0% got a real job in the cryptocurrencies 00:10:18.189 --> 00:10:21.360 align:start position:0% got a real job in the cryptocurrencies scene<00:10:18.670> I<00:10:18.879> now<00:10:19.420> work<00:10:19.629> for<00:10:19.839> purse<00:10:20.079> darío<00:10:20.500> as<00:10:20.860> a 00:10:21.360 --> 00:10:21.370 align:start position:0% scene I now work for purse darío as a 00:10:21.370 --> 00:10:25.829 align:start position:0% scene I now work for purse darío as a customer<00:10:21.910> support<00:10:22.029> agent<00:10:22.629> I<00:10:23.189> finally<00:10:24.189> be<00:10:24.839> I 00:10:25.829 --> 00:10:25.839 align:start position:0% customer support agent I finally be I 00:10:25.839 --> 00:10:27.840 align:start position:0% customer support agent I finally be I was<00:10:26.350> finally<00:10:26.559> able<00:10:26.709> to<00:10:26.949> leave<00:10:27.189> the<00:10:27.339> country 00:10:27.840 --> 00:10:27.850 align:start position:0% was finally able to leave the country 00:10:27.850 --> 00:10:29.819 align:start position:0% was finally able to leave the country last<00:10:28.420> month<00:10:28.629> and<00:10:28.779> since<00:10:28.959> then<00:10:29.139> since<00:10:29.529> then 00:10:29.819 --> 00:10:29.829 align:start position:0% last month and since then since then 00:10:29.829 --> 00:10:32.549 align:start position:0% last month and since then since then I've<00:10:30.370> been<00:10:30.579> pretty<00:10:30.910> much<00:10:31.029> living<00:10:31.329> cash<00:10:31.629> a<00:10:31.870> bank 00:10:32.549 --> 00:10:32.559 align:start position:0% I've been pretty much living cash a bank 00:10:32.559 --> 00:10:34.829 align:start position:0% I've been pretty much living cash a bank list<00:10:32.829> in<00:10:33.009> Venezuela<00:10:33.490> and<00:10:33.970> in<00:10:34.120> Argentina<00:10:34.569> I'm 00:10:34.829 --> 00:10:34.839 align:start position:0% list in Venezuela and in Argentina I'm 00:10:34.839 --> 00:10:39.419 align:start position:0% list in Venezuela and in Argentina I'm living<00:10:35.170> I'm<00:10:35.379> living<00:10:36.449> basically<00:10:38.100> with<00:10:39.100> only 00:10:39.419 --> 00:10:39.429 align:start position:0% living I'm living basically with only 00:10:39.429 --> 00:10:42.929 align:start position:0% living I'm living basically with only Bitcoin<00:10:39.850> I<00:10:40.029> have<00:10:40.149> no<00:10:40.480> bank<00:10:40.720> account<00:10:41.019> and<00:10:41.939> it's 00:10:42.929 --> 00:10:42.939 align:start position:0% Bitcoin I have no bank account and it's 00:10:42.939 --> 00:10:46.470 align:start position:0% Bitcoin I have no bank account and it's relatively<00:10:43.750> easy<00:10:44.279> in<00:10:45.279> these<00:10:45.490> countries<00:10:45.970> to 00:10:46.470 --> 00:10:46.480 align:start position:0% relatively easy in these countries to 00:10:46.480 --> 00:10:48.059 align:start position:0% relatively easy in these countries to exchange<00:10:47.019> money<00:10:47.319> the<00:10:47.649> problem<00:10:47.889> with<00:10:47.980> these 00:10:48.059 --> 00:10:48.069 align:start position:0% exchange money the problem with these 00:10:48.069 --> 00:10:51.169 align:start position:0% exchange money the problem with these countries<00:10:48.550> is<00:10:48.730> that<00:10:49.170> gentlemen<00:10:50.170> there's 00:10:51.169 --> 00:10:51.179 align:start position:0% countries is that gentlemen there's 00:10:51.179 --> 00:10:53.879 align:start position:0% countries is that gentlemen there's there<00:10:52.179> we<00:10:52.540> have<00:10:52.689> governments<00:10:53.259> that<00:10:53.740> have 00:10:53.879 --> 00:10:53.889 align:start position:0% there we have governments that have 00:10:53.889 --> 00:10:56.429 align:start position:0% there we have governments that have decided<00:10:54.249> upon<00:10:54.339> themselves<00:10:54.639> to<00:10:54.939> control<00:10:55.439> every 00:10:56.429 --> 00:10:56.439 align:start position:0% decided upon themselves to control every 00:10:56.439 --> 00:10:59.460 align:start position:0% decided upon themselves to control every aspect<00:10:56.470> of<00:10:56.920> life<00:10:56.980> they<00:10:57.670> they<00:10:58.540> control<00:10:59.019> the 00:10:59.460 --> 00:10:59.470 align:start position:0% aspect of life they they control the 00:10:59.470 --> 00:11:02.009 align:start position:0% aspect of life they they control the issuance<00:10:59.589> of<00:10:59.920> money<00:11:00.189> and<00:11:00.459> they<00:11:01.300> have<00:11:01.509> no 00:11:02.009 --> 00:11:02.019 align:start position:0% issuance of money and they have no 00:11:02.019 --> 00:11:06.269 align:start position:0% issuance of money and they have no repairs<00:11:02.579> into<00:11:03.579> deleting<00:11:04.149> or<00:11:05.069> increase<00:11:06.069> in<00:11:06.189> the 00:11:06.269 --> 00:11:06.279 align:start position:0% repairs into deleting or increase in the 00:11:06.279 --> 00:11:07.350 align:start position:0% repairs into deleting or increase in the monetary<00:11:06.639> base<00:11:06.879> which 00:11:07.350 --> 00:11:07.360 align:start position:0% monetary base which 00:11:07.360 --> 00:11:11.130 align:start position:0% monetary base which the<00:11:07.600> whole<00:11:07.750> population<00:11:08.070> so<00:11:09.570> we<00:11:10.570> are<00:11:10.630> now<00:11:10.779> I'm 00:11:11.130 --> 00:11:11.140 align:start position:0% the whole population so we are now I'm 00:11:11.140 --> 00:11:14.699 align:start position:0% the whole population so we are now I'm now<00:11:11.320> living<00:11:12.870> pretty<00:11:13.870> much<00:11:14.050> some<00:11:14.200> cash<00:11:14.440> and 00:11:14.699 --> 00:11:14.709 align:start position:0% now living pretty much some cash and 00:11:14.709 --> 00:11:16.889 align:start position:0% now living pretty much some cash and Bitcoin<00:11:15.070> in<00:11:15.279> Argentina<00:11:15.760> by<00:11:16.480> using<00:11:16.660> local 00:11:16.889 --> 00:11:16.899 align:start position:0% Bitcoin in Argentina by using local 00:11:16.899 --> 00:11:19.680 align:start position:0% Bitcoin in Argentina by using local Bitcoin<00:11:17.410> in<00:11:17.589> Venezuela<00:11:18.220> sadly<00:11:18.670> sir<00:11:19.300> Bitcoin 00:11:19.680 --> 00:11:19.690 align:start position:0% Bitcoin in Venezuela sadly sir Bitcoin 00:11:19.690 --> 00:11:21.449 align:start position:0% Bitcoin in Venezuela sadly sir Bitcoin exchange<00:11:20.079> which<00:11:20.260> was<00:11:20.290> which<00:11:20.769> was<00:11:20.980> the<00:11:21.220> biggest 00:11:21.449 --> 00:11:21.459 align:start position:0% exchange which was which was the biggest 00:11:21.459 --> 00:11:22.829 align:start position:0% exchange which was which was the biggest description<00:11:22.029> he<00:11:22.089> got<00:11:22.269> shut<00:11:22.450> down<00:11:22.480> by<00:11:22.779> the 00:11:22.829 --> 00:11:22.839 align:start position:0% description he got shut down by the 00:11:22.839 --> 00:11:25.319 align:start position:0% description he got shut down by the government<00:11:23.350> so<00:11:23.860> everyone<00:11:24.579> there<00:11:24.940> is<00:11:25.180> now 00:11:25.319 --> 00:11:25.329 align:start position:0% government so everyone there is now 00:11:25.329 --> 00:11:26.970 align:start position:0% government so everyone there is now relying<00:11:25.660> on<00:11:25.779> local<00:11:25.930> Bitcoin<00:11:26.500> to<00:11:26.709> make<00:11:26.829> their 00:11:26.970 --> 00:11:26.980 align:start position:0% relying on local Bitcoin to make their 00:11:26.980 --> 00:11:30.060 align:start position:0% relying on local Bitcoin to make their payments<00:11:27.130> and<00:11:27.610> to<00:11:28.329> try<00:11:28.570> their<00:11:28.720> Bitcoin<00:11:29.110> yeah<00:11:29.800> I 00:11:30.060 --> 00:11:30.070 align:start position:0% payments and to try their Bitcoin yeah I 00:11:30.070 --> 00:11:32.009 align:start position:0% payments and to try their Bitcoin yeah I know<00:11:30.519> want<00:11:31.029> to<00:11:31.120> leave<00:11:31.360> this<00:11:31.510> stage<00:11:31.720> to 00:11:32.009 --> 00:11:32.019 align:start position:0% know want to leave this stage to 00:11:32.019 --> 00:11:33.240 align:start position:0% know want to leave this stage to Alejandro<00:11:32.350> who<00:11:32.589> is<00:11:32.649> going<00:11:32.829> to<00:11:32.980> talk<00:11:33.130> about 00:11:33.240 --> 00:11:33.250 align:start position:0% Alejandro who is going to talk about 00:11:33.250 --> 00:11:35.880 align:start position:0% Alejandro who is going to talk about more<00:11:33.640> initiatives<00:11:34.420> that<00:11:34.779> he's<00:11:35.260> working<00:11:35.620> on<00:11:35.740> to 00:11:35.880 --> 00:11:35.890 align:start position:0% more initiatives that he's working on to 00:11:35.890 --> 00:11:38.009 align:start position:0% more initiatives that he's working on to improve<00:11:35.920> this<00:11:36.339> situation<00:11:36.399> and<00:11:37.060> hopefully<00:11:37.240> we 00:11:38.009 --> 00:11:38.019 align:start position:0% improve this situation and hopefully we 00:11:38.019 --> 00:11:40.170 align:start position:0% improve this situation and hopefully we can<00:11:38.200> inspire<00:11:38.860> some<00:11:39.130> of<00:11:39.160> you<00:11:39.279> guys<00:11:39.550> to<00:11:39.970> build 00:11:40.170 --> 00:11:40.180 align:start position:0% can inspire some of you guys to build 00:11:40.180 --> 00:11:48.330 align:start position:0% can inspire some of you guys to build tools<00:11:40.540> for<00:11:41.350> the<00:11:42.160> people<00:11:42.399> in<00:11:42.490> Venezuela 00:11:48.330 --> 00:11:48.340 align:start position:0% 00:11:48.340 --> 00:11:54.019 align:start position:0% [Applause] 00:11:54.019 --> 00:11:54.029 align:start position:0% 00:11:54.029 --> 00:11:56.780 align:start position:0% you<00:11:55.029> can<00:11:55.120> also<00:11:55.269> intervene<00:11:55.540> I<00:11:55.660> can<00:11:55.870> stay<00:11:56.290> here 00:11:56.780 --> 00:11:56.790 align:start position:0% you can also intervene I can stay here 00:11:56.790 --> 00:12:00.000 align:start position:0% you can also intervene I can stay here yeah<00:11:57.790> we're<00:11:58.000> very<00:11:58.440> lucky<00:11:59.440> to<00:11:59.680> have<00:11:59.829> you<00:11:59.980> here 00:12:00.000 --> 00:12:00.010 align:start position:0% yeah we're very lucky to have you here 00:12:00.010 --> 00:12:02.970 align:start position:0% yeah we're very lucky to have you here and<00:12:00.430> like<00:12:00.610> to<00:12:00.880> tell<00:12:01.720> us<00:12:01.839> your<00:12:01.959> story<00:12:02.290> and<00:12:02.589> we're 00:12:02.970 --> 00:12:02.980 align:start position:0% and like to tell us your story and we're 00:12:02.980 --> 00:12:04.319 align:start position:0% and like to tell us your story and we're really<00:12:03.160> happy<00:12:03.370> that<00:12:03.670> you<00:12:03.760> were<00:12:03.880> able<00:12:03.970> to<00:12:04.180> make 00:12:04.319 --> 00:12:04.329 align:start position:0% really happy that you were able to make 00:12:04.329 --> 00:12:06.690 align:start position:0% really happy that you were able to make it<00:12:04.450> out<00:12:04.540> thank<00:12:05.019> you 00:12:06.690 --> 00:12:06.700 align:start position:0% it out thank you 00:12:06.700 --> 00:12:09.389 align:start position:0% it out thank you so<00:12:07.180> here<00:12:07.720> we<00:12:07.810> are<00:12:07.839> this<00:12:08.290> is<00:12:08.350> Def<00:12:08.620> Con<00:12:08.860> we're 00:12:09.389 --> 00:12:09.399 align:start position:0% so here we are this is Def Con we're 00:12:09.399 --> 00:12:11.579 align:start position:0% so here we are this is Def Con we're super<00:12:09.850> excited<00:12:10.269> about<00:12:10.360> the<00:12:10.779> world<00:12:11.290> computer 00:12:11.579 --> 00:12:11.589 align:start position:0% super excited about the world computer 00:12:11.589 --> 00:12:14.400 align:start position:0% super excited about the world computer and<00:12:12.010> decentralized<00:12:12.610> applications<00:12:13.380> we<00:12:14.380> are 00:12:14.400 --> 00:12:14.410 align:start position:0% and decentralized applications we are 00:12:14.410 --> 00:12:17.220 align:start position:0% and decentralized applications we are talking<00:12:14.860> about<00:12:15.149> the<00:12:16.149> things<00:12:16.779> that<00:12:17.019> these 00:12:17.220 --> 00:12:17.230 align:start position:0% talking about the things that these 00:12:17.230 --> 00:12:18.990 align:start position:0% talking about the things that these design<00:12:17.529> /<00:12:17.620> applications<00:12:18.100> could<00:12:18.220> enable<00:12:18.399> money 00:12:18.990 --> 00:12:19.000 align:start position:0% design / applications could enable money 00:12:19.000 --> 00:12:22.019 align:start position:0% design / applications could enable money identity<00:12:19.839> governance<00:12:20.260> the<00:12:21.250> real<00:12:21.490> state<00:12:21.880> of 00:12:22.019 --> 00:12:22.029 align:start position:0% identity governance the real state of 00:12:22.029 --> 00:12:25.019 align:start position:0% identity governance the real state of things<00:12:22.269> is<00:12:22.480> that<00:12:22.630> money<00:12:23.350> is<00:12:23.740> a<00:12:23.800> beta<00:12:24.610> stage 00:12:25.019 --> 00:12:25.029 align:start position:0% things is that money is a beta stage 00:12:25.029 --> 00:12:26.970 align:start position:0% things is that money is a beta stage like<00:12:25.300> zero<00:12:25.600> point<00:12:25.810> Oh<00:12:25.959> identity<00:12:26.829> and 00:12:26.970 --> 00:12:26.980 align:start position:0% like zero point Oh identity and 00:12:26.980 --> 00:12:28.860 align:start position:0% like zero point Oh identity and governance<00:12:27.430> they're<00:12:27.790> coming<00:12:28.209> but<00:12:28.449> still<00:12:28.510> very 00:12:28.860 --> 00:12:28.870 align:start position:0% governance they're coming but still very 00:12:28.870 --> 00:12:31.680 align:start position:0% governance they're coming but still very very<00:12:29.350> early<00:12:29.940> so<00:12:30.940> what<00:12:31.060> we're<00:12:31.180> doing<00:12:31.449> at<00:12:31.600> the 00:12:31.680 --> 00:12:31.690 align:start position:0% very early so what we're doing at the 00:12:31.690 --> 00:12:33.990 align:start position:0% very early so what we're doing at the open<00:12:31.959> money<00:12:32.140> initiative<00:12:32.589> we<00:12:33.070> believe<00:12:33.399> that 00:12:33.990 --> 00:12:34.000 align:start position:0% open money initiative we believe that 00:12:34.000 --> 00:12:35.670 align:start position:0% open money initiative we believe that access<00:12:34.420> to<00:12:34.570> a<00:12:34.600> free<00:12:34.930> and<00:12:35.140> open<00:12:35.320> financial 00:12:35.670 --> 00:12:35.680 align:start position:0% access to a free and open financial 00:12:35.680 --> 00:12:37.829 align:start position:0% access to a free and open financial system<00:12:35.949> is<00:12:36.040> a<00:12:36.070> basic<00:12:36.459> human<00:12:36.579> right<00:12:36.760> and<00:12:37.149> we<00:12:37.720> are 00:12:37.829 --> 00:12:37.839 align:start position:0% system is a basic human right and we are 00:12:37.839 --> 00:12:40.350 align:start position:0% system is a basic human right and we are focusing<00:12:38.320> on<00:12:38.699> enabling<00:12:39.699> people<00:12:39.850> to<00:12:40.060> get 00:12:40.350 --> 00:12:40.360 align:start position:0% focusing on enabling people to get 00:12:40.360 --> 00:12:42.240 align:start position:0% focusing on enabling people to get access<00:12:40.600> to<00:12:40.810> free<00:12:41.170> money<00:12:41.470> to<00:12:41.709> open<00:12:41.890> money 00:12:42.240 --> 00:12:42.250 align:start position:0% access to free money to open money 00:12:42.250 --> 00:12:44.340 align:start position:0% access to free money to open money systems<00:12:42.699> we<00:12:43.420> believe<00:12:43.690> that<00:12:43.870> decent<00:12:44.199> Aliza 00:12:44.340 --> 00:12:44.350 align:start position:0% systems we believe that decent Aliza 00:12:44.350 --> 00:12:47.310 align:start position:0% systems we believe that decent Aliza plication<00:12:44.740> x'<00:12:44.920> will<00:12:45.279> be<00:12:45.449> enabled<00:12:46.449> by<00:12:47.019> the<00:12:47.079> use 00:12:47.310 --> 00:12:47.320 align:start position:0% plication x' will be enabled by the use 00:12:47.320 --> 00:12:51.870 align:start position:0% plication x' will be enabled by the use of<00:12:47.440> money<00:12:47.620> first<00:12:48.839> so<00:12:49.839> what<00:12:50.350> can<00:12:50.470> you<00:12:50.649> do<00:12:50.820> as<00:12:51.820> a 00:12:51.870 --> 00:12:51.880 align:start position:0% of money first so what can you do as a 00:12:51.880 --> 00:12:54.630 align:start position:0% of money first so what can you do as a Venezuelan<00:12:52.540> that<00:12:53.410> is<00:12:53.649> doesn't<00:12:54.310> have<00:12:54.459> access 00:12:54.630 --> 00:12:54.640 align:start position:0% Venezuelan that is doesn't have access 00:12:54.640 --> 00:12:57.990 align:start position:0% Venezuelan that is doesn't have access to<00:12:54.880> to<00:12:55.660> monetary<00:12:56.310> systems<00:12:57.310> that<00:12:57.459> are<00:12:57.640> open 00:12:57.990 --> 00:12:58.000 align:start position:0% to to monetary systems that are open 00:12:58.000 --> 00:13:00.030 align:start position:0% to to monetary systems that are open that<00:12:58.329> doesn't<00:12:58.570> have<00:12:58.660> access<00:12:58.750> to<00:12:59.040> exchanging 00:13:00.030 --> 00:13:00.040 align:start position:0% that doesn't have access to exchanging 00:13:00.040 --> 00:13:02.689 align:start position:0% that doesn't have access to exchanging your<00:13:00.220> worthless<00:13:00.880> money<00:13:01.209> into<00:13:02.019> sound<00:13:02.290> money 00:13:02.689 --> 00:13:02.699 align:start position:0% your worthless money into sound money 00:13:02.699 --> 00:13:05.939 align:start position:0% your worthless money into sound money you<00:13:03.699> can<00:13:03.850> earn<00:13:03.970> across<00:13:04.449> borders<00:13:04.839> as<00:13:05.050> Eduardo 00:13:05.939 --> 00:13:05.949 align:start position:0% you can earn across borders as Eduardo 00:13:05.949 --> 00:13:07.259 align:start position:0% you can earn across borders as Eduardo said<00:13:06.310> you<00:13:06.459> can<00:13:06.579> mine 00:13:07.259 --> 00:13:07.269 align:start position:0% said you can mine 00:13:07.269 --> 00:13:09.030 align:start position:0% said you can mine you<00:13:07.690> can<00:13:07.810> mine<00:13:07.930> ether<00:13:08.170> you<00:13:08.260> combine<00:13:08.470> Z<00:13:08.649> cash<00:13:08.829> I 00:13:09.030 --> 00:13:09.040 align:start position:0% you can mine ether you combine Z cash I 00:13:09.040 --> 00:13:10.710 align:start position:0% you can mine ether you combine Z cash I have<00:13:09.579> friends<00:13:10.060> who<00:13:10.149> are<00:13:10.209> doctors<00:13:10.360> who<00:13:10.690> are 00:13:10.710 --> 00:13:10.720 align:start position:0% have friends who are doctors who are 00:13:10.720 --> 00:13:12.990 align:start position:0% have friends who are doctors who are earning<00:13:11.079> like<00:13:11.350> five<00:13:11.529> dollars<00:13:11.800> a<00:13:11.829> month<00:13:11.980> if<00:13:12.459> you 00:13:12.990 --> 00:13:13.000 align:start position:0% earning like five dollars a month if you 00:13:13.000 --> 00:13:14.970 align:start position:0% earning like five dollars a month if you can<00:13:13.209> mines<00:13:13.690> eke<00:13:13.990> as<00:13:14.140> your<00:13:14.290> ether<00:13:14.620> if<00:13:14.769> you<00:13:14.860> have 00:13:14.970 --> 00:13:14.980 align:start position:0% can mines eke as your ether if you have 00:13:14.980 --> 00:13:16.470 align:start position:0% can mines eke as your ether if you have like<00:13:15.160> a<00:13:15.190> old<00:13:15.520> rig<00:13:15.730> at<00:13:15.850> your<00:13:15.970> house<00:13:16.089> you<00:13:16.329> can 00:13:16.470 --> 00:13:16.480 align:start position:0% like a old rig at your house you can 00:13:16.480 --> 00:13:18.840 align:start position:0% like a old rig at your house you can earn<00:13:16.720> 200<00:13:17.290> and<00:13:17.440> that's<00:13:17.709> a<00:13:17.829> lifeline<00:13:18.190> for<00:13:18.220> many 00:13:18.840 --> 00:13:18.850 align:start position:0% earn 200 and that's a lifeline for many 00:13:18.850 --> 00:13:21.390 align:start position:0% earn 200 and that's a lifeline for many many<00:13:19.060> people<00:13:19.860> we<00:13:20.860> want<00:13:21.100> to 00:13:21.390 --> 00:13:21.400 align:start position:0% many people we want to 00:13:21.400 --> 00:13:23.490 align:start position:0% many people we want to or<00:13:21.550> more<00:13:21.790> people<00:13:21.940> to<00:13:22.090> get<00:13:22.360> access<00:13:22.540> to<00:13:22.870> to<00:13:23.320> to 00:13:23.490 --> 00:13:23.500 align:start position:0% or more people to get access to to to 00:13:23.500 --> 00:13:26.250 align:start position:0% or more people to get access to to to this<00:13:23.850> you<00:13:24.850> can<00:13:25.000> also<00:13:25.330> earn<00:13:25.600> across<00:13:25.900> borders 00:13:26.250 --> 00:13:26.260 align:start position:0% this you can also earn across borders 00:13:26.260 --> 00:13:27.510 align:start position:0% this you can also earn across borders and<00:13:26.530> you<00:13:27.070> know 00:13:27.510 --> 00:13:27.520 align:start position:0% and you know 00:13:27.520 --> 00:13:29.010 align:start position:0% and you know Eduardo<00:13:27.910> talked<00:13:28.090> about<00:13:28.330> this<00:13:28.510> briefly<00:13:28.720> as 00:13:29.010 --> 00:13:29.020 align:start position:0% Eduardo talked about this briefly as 00:13:29.020 --> 00:13:32.940 align:start position:0% Eduardo talked about this briefly as well<00:13:29.470> you<00:13:29.620> can<00:13:29.770> have<00:13:30.750> systems<00:13:31.750> that<00:13:31.960> where<00:13:32.590> you 00:13:32.940 --> 00:13:32.950 align:start position:0% well you can have systems that where you 00:13:32.950 --> 00:13:35.220 align:start position:0% well you can have systems that where you can<00:13:33.100> earn<00:13:33.370> money<00:13:33.790> by<00:13:34.210> trading<00:13:34.690> your<00:13:34.900> labor<00:13:35.110> for 00:13:35.220 --> 00:13:35.230 align:start position:0% can earn money by trading your labor for 00:13:35.230 --> 00:13:36.870 align:start position:0% can earn money by trading your labor for cryptocurrencies<00:13:36.040> that<00:13:36.490> then<00:13:36.610> you<00:13:36.730> can 00:13:36.870 --> 00:13:36.880 align:start position:0% cryptocurrencies that then you can 00:13:36.880 --> 00:13:39.270 align:start position:0% cryptocurrencies that then you can exchange<00:13:37.690> for<00:13:37.900> for<00:13:38.320> others 00:13:39.270 --> 00:13:39.280 align:start position:0% exchange for for others 00:13:39.280 --> 00:13:42.450 align:start position:0% exchange for for others typically<00:13:40.180> the<00:13:40.450> setup<00:13:40.780> is<00:13:40.990> you<00:13:41.350> mine<00:13:42.040> a<00:13:42.070> coin 00:13:42.450 --> 00:13:42.460 align:start position:0% typically the setup is you mine a coin 00:13:42.460 --> 00:13:44.220 align:start position:0% typically the setup is you mine a coin or<00:13:42.670> you<00:13:42.760> earning<00:13:43.120> a<00:13:43.210> coin<00:13:43.420> and<00:13:43.720> then<00:13:43.810> you<00:13:43.930> cash 00:13:44.220 --> 00:13:44.230 align:start position:0% or you earning a coin and then you cash 00:13:44.230 --> 00:13:46.140 align:start position:0% or you earning a coin and then you cash out<00:13:44.410> to<00:13:44.560> Bitcoin<00:13:44.740> because<00:13:45.520> liquid<00:13:45.850> coins<00:13:46.060> the 00:13:46.140 --> 00:13:46.150 align:start position:0% out to Bitcoin because liquid coins the 00:13:46.150 --> 00:13:48.150 align:start position:0% out to Bitcoin because liquid coins the most<00:13:46.360> liquid<00:13:46.600> cryptocurrency<00:13:47.380> in<00:13:47.770> Venezuela 00:13:48.150 --> 00:13:48.160 align:start position:0% most liquid cryptocurrency in Venezuela 00:13:48.160 --> 00:13:50.790 align:start position:0% most liquid cryptocurrency in Venezuela the<00:13:48.790> local<00:13:49.360> bitcoins<00:13:49.660> volume<00:13:49.990> is<00:13:50.080> around<00:13:50.530> a 00:13:50.790 --> 00:13:50.800 align:start position:0% the local bitcoins volume is around a 00:13:50.800 --> 00:13:52.680 align:start position:0% the local bitcoins volume is around a million<00:13:50.980> dollars<00:13:51.310> a<00:13:51.430> day<00:13:51.580> and<00:13:51.790> it's<00:13:52.330> very<00:13:52.480> easy 00:13:52.680 --> 00:13:52.690 align:start position:0% million dollars a day and it's very easy 00:13:52.690 --> 00:13:55.230 align:start position:0% million dollars a day and it's very easy to<00:13:52.840> if<00:13:53.410> if<00:13:53.710> you<00:13:53.860> know<00:13:54.070> how<00:13:54.280> to<00:13:54.310> navigate<00:13:54.880> the 00:13:55.230 --> 00:13:55.240 align:start position:0% to if if you know how to navigate the 00:13:55.240 --> 00:13:57.480 align:start position:0% to if if you know how to navigate the local<00:13:55.720> bitcoins<00:13:56.050> interface<00:13:56.830> which<00:13:57.010> nobody 00:13:57.480 --> 00:13:57.490 align:start position:0% local bitcoins interface which nobody 00:13:57.490 --> 00:14:00.720 align:start position:0% local bitcoins interface which nobody like<00:13:57.850> not<00:13:58.300> everyone<00:13:58.780> does<00:13:59.280> but<00:14:00.280> if<00:14:00.370> you<00:14:00.460> if<00:14:00.610> you 00:14:00.720 --> 00:14:00.730 align:start position:0% like not everyone does but if you if you 00:14:00.730 --> 00:14:03.120 align:start position:0% like not everyone does but if you if you do<00:14:00.850> know<00:14:01.000> how<00:14:01.180> to<00:14:01.210> it's<00:14:01.690> relatively<00:14:02.410> you<00:14:02.830> it's 00:14:03.120 --> 00:14:03.130 align:start position:0% do know how to it's relatively you it's 00:14:03.130 --> 00:14:04.740 align:start position:0% do know how to it's relatively you it's it<00:14:03.340> almost<00:14:03.700> like<00:14:03.880> earning<00:14:04.240> and<00:14:04.390> foreign 00:14:04.740 --> 00:14:04.750 align:start position:0% it almost like earning and foreign 00:14:04.750 --> 00:14:06.540 align:start position:0% it almost like earning and foreign currency<00:14:05.170> and<00:14:05.350> being<00:14:05.830> able<00:14:05.950> to<00:14:06.040> trade<00:14:06.370> back 00:14:06.540 --> 00:14:06.550 align:start position:0% currency and being able to trade back 00:14:06.550 --> 00:14:08.580 align:start position:0% currency and being able to trade back and<00:14:06.730> forth<00:14:06.910> so<00:14:07.120> you<00:14:07.330> you<00:14:07.810> are<00:14:08.080> almost<00:14:08.380> getting 00:14:08.580 --> 00:14:08.590 align:start position:0% and forth so you you are almost getting 00:14:08.590 --> 00:14:12.450 align:start position:0% and forth so you you are almost getting access<00:14:08.950> to<00:14:09.040> this<00:14:09.750> open<00:14:10.750> financial<00:14:11.230> system<00:14:11.590> and 00:14:12.450 --> 00:14:12.460 align:start position:0% access to this open financial system and 00:14:12.460 --> 00:14:15.020 align:start position:0% access to this open financial system and you<00:14:13.270> can<00:14:13.390> almost<00:14:13.510> say<00:14:13.720> that<00:14:13.750> you<00:14:13.930> are<00:14:13.990> banked 00:14:15.020 --> 00:14:15.030 align:start position:0% you can almost say that you are banked 00:14:15.030 --> 00:14:18.960 align:start position:0% you can almost say that you are banked you<00:14:16.030> can<00:14:16.150> also<00:14:16.270> store<00:14:16.570> your<00:14:16.630> value<00:14:17.850> because<00:14:18.850> if 00:14:18.960 --> 00:14:18.970 align:start position:0% you can also store your value because if 00:14:18.970 --> 00:14:20.880 align:start position:0% you can also store your value because if you<00:14:19.060> just<00:14:19.240> keep<00:14:19.450> the<00:14:19.630> money<00:14:19.720> in<00:14:19.930> bolivars<00:14:20.320> you 00:14:20.880 --> 00:14:20.890 align:start position:0% you just keep the money in bolivars you 00:14:20.890 --> 00:14:23.070 align:start position:0% you just keep the money in bolivars you are<00:14:21.250> subject<00:14:21.490> to<00:14:21.730> 98<00:14:22.570> percent<00:14:22.720> depreciation 00:14:23.070 --> 00:14:23.080 align:start position:0% are subject to 98 percent depreciation 00:14:23.080 --> 00:14:26.820 align:start position:0% are subject to 98 percent depreciation in<00:14:23.800> in<00:14:24.370> the<00:14:24.490> year<00:14:24.670> or<00:14:24.700> something<00:14:24.880> that<00:14:25.740> you<00:14:26.740> can 00:14:26.820 --> 00:14:26.830 align:start position:0% in in the year or something that you can 00:14:26.830 --> 00:14:28.500 align:start position:0% in in the year or something that you can also<00:14:26.950> defeat<00:14:27.280> extortion<00:14:27.790> I<00:14:27.880> have<00:14:28.000> friends<00:14:28.420> of 00:14:28.500 --> 00:14:28.510 align:start position:0% also defeat extortion I have friends of 00:14:28.510 --> 00:14:29.700 align:start position:0% also defeat extortion I have friends of friends<00:14:28.630> who<00:14:29.020> have<00:14:29.290> crossed<00:14:29.560> the<00:14:29.680> border 00:14:29.700 --> 00:14:29.710 align:start position:0% friends who have crossed the border 00:14:29.710 --> 00:14:31.290 align:start position:0% friends who have crossed the border recently<00:14:30.340> and<00:14:30.580> instead<00:14:30.790> of<00:14:30.850> getting<00:14:31.030> harassed 00:14:31.290 --> 00:14:31.300 align:start position:0% recently and instead of getting harassed 00:14:31.300 --> 00:14:33.240 align:start position:0% recently and instead of getting harassed at<00:14:31.600> the<00:14:31.660> border<00:14:31.870> and<00:14:32.020> getting<00:14:32.140> seized<00:14:32.500> they 00:14:33.240 --> 00:14:33.250 align:start position:0% at the border and getting seized they 00:14:33.250 --> 00:14:34.440 align:start position:0% at the border and getting seized they could<00:14:33.400> just<00:14:33.550> carry<00:14:33.670> a<00:14:33.790> pass<00:14:33.940> or<00:14:34.060> in<00:14:34.150> their<00:14:34.270> head 00:14:34.440 --> 00:14:34.450 align:start position:0% could just carry a pass or in their head 00:14:34.450 --> 00:14:36.840 align:start position:0% could just carry a pass or in their head and<00:14:34.630> when<00:14:35.020> they<00:14:35.140> cross<00:14:35.230> the<00:14:35.320> border<00:14:35.680> you<00:14:36.460> don't 00:14:36.840 --> 00:14:36.850 align:start position:0% and when they cross the border you don't 00:14:36.850 --> 00:14:38.460 align:start position:0% and when they cross the border you don't have<00:14:37.000> bills<00:14:37.210> with<00:14:37.540> you<00:14:37.720> who<00:14:37.930> you<00:14:38.140> how<00:14:38.290> do<00:14:38.350> you 00:14:38.460 --> 00:14:38.470 align:start position:0% have bills with you who you how do you 00:14:38.470 --> 00:14:39.840 align:start position:0% have bills with you who you how do you have<00:14:38.620> some<00:14:38.830> bills<00:14:39.010> and<00:14:39.130> then<00:14:39.280> they<00:14:39.400> can<00:14:39.820> just 00:14:39.840 --> 00:14:39.850 align:start position:0% have some bills and then they can just 00:14:39.850 --> 00:14:41.640 align:start position:0% have some bills and then they can just seize<00:14:40.630> a<00:14:40.870> part<00:14:41.080> of<00:14:41.140> that<00:14:41.260> but<00:14:41.410> they<00:14:41.470> can't 00:14:41.640 --> 00:14:41.650 align:start position:0% seize a part of that but they can't 00:14:41.650 --> 00:14:43.620 align:start position:0% seize a part of that but they can't seize<00:14:41.890> what<00:14:42.070> you<00:14:42.160> have<00:14:42.340> here<00:14:42.760> or<00:14:43.060> what<00:14:43.540> you 00:14:43.620 --> 00:14:43.630 align:start position:0% seize what you have here or what you 00:14:43.630 --> 00:14:44.790 align:start position:0% seize what you have here or what you have<00:14:43.780> in<00:14:43.930> your<00:14:43.960> phone<00:14:44.230> if<00:14:44.380> you<00:14:44.440> protect<00:14:44.680> it 00:14:44.790 --> 00:14:44.800 align:start position:0% have in your phone if you protect it 00:14:44.800 --> 00:14:48.510 align:start position:0% have in your phone if you protect it well<00:14:45.900> and<00:14:46.900> we<00:14:46.930> can<00:14:47.440> provide<00:14:47.710> on<00:14:48.040> stop<00:14:48.400> of 00:14:48.510 --> 00:14:48.520 align:start position:0% well and we can provide on stop of 00:14:48.520 --> 00:14:50.130 align:start position:0% well and we can provide on stop of humanitarian<00:14:49.060> aid<00:14:49.180> the<00:14:49.570> government<00:14:49.990> has<00:14:50.110> a 00:14:50.130 --> 00:14:50.140 align:start position:0% humanitarian aid the government has a 00:14:50.140 --> 00:14:51.960 align:start position:0% humanitarian aid the government has a history<00:14:50.560> of<00:14:50.680> boycotting<00:14:51.250> humanitarian<00:14:51.790> aid 00:14:51.960 --> 00:14:51.970 align:start position:0% history of boycotting humanitarian aid 00:14:51.970 --> 00:14:54.480 align:start position:0% history of boycotting humanitarian aid because<00:14:52.390> they<00:14:52.540> believe<00:14:52.810> that<00:14:53.020> all<00:14:53.260> aid<00:14:53.830> is<00:14:54.070> CIA 00:14:54.480 --> 00:14:54.490 align:start position:0% because they believe that all aid is CIA 00:14:54.490 --> 00:14:55.800 align:start position:0% because they believe that all aid is CIA agents<00:14:55.060> I<00:14:55.120> want<00:14:55.300> to<00:14:55.390> disrupt<00:14:55.630> their 00:14:55.800 --> 00:14:55.810 align:start position:0% agents I want to disrupt their 00:14:55.810 --> 00:14:58.050 align:start position:0% agents I want to disrupt their operations<00:14:56.320> and<00:14:56.500> they<00:14:57.190> deny<00:14:57.490> their<00:14:57.850> the 00:14:58.050 --> 00:14:58.060 align:start position:0% operations and they deny their the 00:14:58.060 --> 00:15:00.420 align:start position:0% operations and they deny their the extent<00:14:58.300> of<00:14:58.390> the<00:14:58.450> humanitarian<00:14:58.900> crisis<00:14:59.260> so<00:14:59.770> if 00:15:00.420 --> 00:15:00.430 align:start position:0% extent of the humanitarian crisis so if 00:15:00.430 --> 00:15:03.600 align:start position:0% extent of the humanitarian crisis so if we're<00:15:00.730> able<00:15:00.850> to<00:15:01.210> give<00:15:01.930> people<00:15:02.620> the<00:15:02.920> tools<00:15:03.100> and 00:15:03.600 --> 00:15:03.610 align:start position:0% we're able to give people the tools and 00:15:03.610 --> 00:15:05.880 align:start position:0% we're able to give people the tools and 45%<00:15:04.180> of<00:15:04.420> anis<00:15:04.600> one's<00:15:04.840> own<00:15:04.990> a<00:15:05.050> smartphone<00:15:05.440> if 00:15:05.880 --> 00:15:05.890 align:start position:0% 45% of anis one's own a smartphone if 00:15:05.890 --> 00:15:07.350 align:start position:0% 45% of anis one's own a smartphone if we're<00:15:06.040> able<00:15:06.130> to<00:15:06.250> give<00:15:06.670> people<00:15:06.820> the<00:15:07.000> tools<00:15:07.180> to 00:15:07.350 --> 00:15:07.360 align:start position:0% we're able to give people the tools to 00:15:07.360 --> 00:15:09.240 align:start position:0% we're able to give people the tools to store<00:15:07.780> cryptocurrency<00:15:08.170> and<00:15:08.470> to<00:15:08.740> get 00:15:09.240 --> 00:15:09.250 align:start position:0% store cryptocurrency and to get 00:15:09.250 --> 00:15:10.560 align:start position:0% store cryptocurrency and to get cryptocurrency<00:15:09.580> into<00:15:10.090> the<00:15:10.180> hands<00:15:10.420> of<00:15:10.510> people 00:15:10.560 --> 00:15:10.570 align:start position:0% cryptocurrency into the hands of people 00:15:10.570 --> 00:15:12.990 align:start position:0% cryptocurrency into the hands of people getting<00:15:11.380> people<00:15:12.190> that<00:15:12.370> live<00:15:12.700> outside 00:15:12.990 --> 00:15:13.000 align:start position:0% getting people that live outside 00:15:13.000 --> 00:15:14.730 align:start position:0% getting people that live outside Venezuela<00:15:13.540> to<00:15:13.750> send<00:15:14.050> cryptocurrency<00:15:14.470> to 00:15:14.730 --> 00:15:14.740 align:start position:0% Venezuela to send cryptocurrency to 00:15:14.740 --> 00:15:17.150 align:start position:0% Venezuela to send cryptocurrency to their<00:15:14.890> families<00:15:15.310> that<00:15:16.270> are<00:15:16.360> earning<00:15:16.540> in 00:15:17.150 --> 00:15:17.160 align:start position:0% their families that are earning in 00:15:17.160 --> 00:15:19.290 align:start position:0% their families that are earning in Colombian<00:15:18.160> pesos<00:15:18.490> or<00:15:18.640> in<00:15:18.730> solids<00:15:19.090> or<00:15:19.210> in 00:15:19.290 --> 00:15:19.300 align:start position:0% Colombian pesos or in solids or in 00:15:19.300 --> 00:15:22.140 align:start position:0% Colombian pesos or in solids or in dollars<00:15:19.630> you<00:15:19.900> can<00:15:20.080> get<00:15:20.290> money<00:15:20.980> that<00:15:21.460> is<00:15:21.670> sound 00:15:22.140 --> 00:15:22.150 align:start position:0% dollars you can get money that is sound 00:15:22.150 --> 00:15:26.640 align:start position:0% dollars you can get money that is sound money<00:15:22.330> or<00:15:22.570> real<00:15:24.450> tradable<00:15:25.450> money<00:15:25.630> into<00:15:26.410> Ana's 00:15:26.640 --> 00:15:26.650 align:start position:0% money or real tradable money into Ana's 00:15:26.650 --> 00:15:28.680 align:start position:0% money or real tradable money into Ana's whele<00:15:26.950> and<00:15:27.130> then<00:15:27.340> they're<00:15:27.910> able<00:15:28.030> to<00:15:28.150> use<00:15:28.300> it<00:15:28.570> as 00:15:28.680 --> 00:15:28.690 align:start position:0% whele and then they're able to use it as 00:15:28.690 --> 00:15:30.630 align:start position:0% whele and then they're able to use it as money<00:15:28.840> then<00:15:29.170> we<00:15:29.980> can<00:15:30.100> provide<00:15:30.340> a<00:15:30.400> lot<00:15:30.580> of 00:15:30.630 --> 00:15:30.640 align:start position:0% money then we can provide a lot of 00:15:30.640 --> 00:15:31.530 align:start position:0% money then we can provide a lot of weight<00:15:30.760> for<00:15:30.790> the<00:15:31.000> people<00:15:31.180> that<00:15:31.210> are<00:15:31.300> still 00:15:31.530 --> 00:15:31.540 align:start position:0% weight for the people that are still 00:15:31.540 --> 00:15:34.020 align:start position:0% weight for the people that are still there<00:15:32.010> so<00:15:33.010> what<00:15:33.190> are<00:15:33.280> we<00:15:33.370> doing<00:15:33.610> at<00:15:33.730> the<00:15:33.760> open 00:15:34.020 --> 00:15:34.030 align:start position:0% there so what are we doing at the open 00:15:34.030 --> 00:15:35.150 align:start position:0% there so what are we doing at the open money<00:15:34.150> initiative<00:15:34.600> we 00:15:35.150 --> 00:15:35.160 align:start position:0% money initiative we 00:15:35.160 --> 00:15:37.620 align:start position:0% money initiative we creating<00:15:36.160> campaigns<00:15:36.910> for<00:15:37.060> awareness<00:15:37.480> and 00:15:37.620 --> 00:15:37.630 align:start position:0% creating campaigns for awareness and 00:15:37.630 --> 00:15:39.750 align:start position:0% creating campaigns for awareness and education<00:15:37.959> we<00:15:38.290> have<00:15:38.410> a<00:15:38.440> wiki<00:15:38.800> that's<00:15:39.640> in 00:15:39.750 --> 00:15:39.760 align:start position:0% education we have a wiki that's in 00:15:39.760 --> 00:15:42.660 align:start position:0% education we have a wiki that's in Spanish<00:15:40.060> in<00:15:40.149> English<00:15:40.209> and<00:15:40.660> we<00:15:41.649> expect<00:15:42.370> this<00:15:42.490> to 00:15:42.660 --> 00:15:42.670 align:start position:0% Spanish in English and we expect this to 00:15:42.670 --> 00:15:44.880 align:start position:0% Spanish in English and we expect this to be<00:15:42.760> the<00:15:42.940> hub<00:15:43.209> for<00:15:43.450> Venezuelans<00:15:44.170> to<00:15:44.380> come<00:15:44.620> and 00:15:44.880 --> 00:15:44.890 align:start position:0% be the hub for Venezuelans to come and 00:15:44.890 --> 00:15:47.730 align:start position:0% be the hub for Venezuelans to come and really<00:15:45.790> learn<00:15:46.000> about<00:15:46.380> practical<00:15:47.380> uses<00:15:47.680> of 00:15:47.730 --> 00:15:47.740 align:start position:0% really learn about practical uses of 00:15:47.740 --> 00:15:48.750 align:start position:0% really learn about practical uses of cryptocurrency<00:15:48.100> we're<00:15:48.459> not<00:15:48.550> going<00:15:48.670> to 00:15:48.750 --> 00:15:48.760 align:start position:0% cryptocurrency we're not going to 00:15:48.760 --> 00:15:50.670 align:start position:0% cryptocurrency we're not going to explain<00:15:49.000> how<00:15:49.149> the<00:15:49.209> blockchain<00:15:49.810> to<00:15:49.959> work<00:15:50.110> we're 00:15:50.670 --> 00:15:50.680 align:start position:0% explain how the blockchain to work we're 00:15:50.680 --> 00:15:52.410 align:start position:0% explain how the blockchain to work we're not<00:15:50.709> gonna<00:15:50.890> explain<00:15:51.250> you<00:15:51.310> know<00:15:51.730> high-level 00:15:52.410 --> 00:15:52.420 align:start position:0% not gonna explain you know high-level 00:15:52.420 --> 00:15:54.240 align:start position:0% not gonna explain you know high-level concepts<00:15:52.870> metallics<00:15:53.649> papers<00:15:53.920> are<00:15:54.010> not<00:15:54.130> gonna 00:15:54.240 --> 00:15:54.250 align:start position:0% concepts metallics papers are not gonna 00:15:54.250 --> 00:15:57.449 align:start position:0% concepts metallics papers are not gonna be<00:15:54.399> here<00:15:54.730> probably<00:15:55.329> but<00:15:56.170> what<00:15:56.769> we<00:15:56.920> want<00:15:57.130> is<00:15:57.430> for 00:15:57.449 --> 00:15:57.459 align:start position:0% be here probably but what we want is for 00:15:57.459 --> 00:15:59.970 align:start position:0% be here probably but what we want is for people<00:15:57.820> to<00:15:57.940> use<00:15:58.360> like<00:15:58.720> just<00:15:59.290> products<00:15:59.890> and 00:15:59.970 --> 00:15:59.980 align:start position:0% people to use like just products and 00:15:59.980 --> 00:16:01.769 align:start position:0% people to use like just products and services<00:16:00.250> that<00:16:00.430> are<00:16:00.550> relatively<00:16:01.209> simple<00:16:01.630> so 00:16:01.769 --> 00:16:01.779 align:start position:0% services that are relatively simple so 00:16:01.779 --> 00:16:03.690 align:start position:0% services that are relatively simple so we<00:16:01.899> explain<00:16:02.200> how<00:16:02.230> to<00:16:02.410> use<00:16:02.470> opera<00:16:03.010> how<00:16:03.370> to<00:16:03.430> use 00:16:03.690 --> 00:16:03.700 align:start position:0% we explain how to use opera how to use 00:16:03.700 --> 00:16:07.860 align:start position:0% we explain how to use opera how to use some<00:16:04.630> other<00:16:04.720> wallets<00:16:05.200> and<00:16:05.760> how<00:16:06.760> to<00:16:06.870> gain 00:16:07.860 --> 00:16:07.870 align:start position:0% some other wallets and how to gain 00:16:07.870 --> 00:16:11.490 align:start position:0% some other wallets and how to gain access<00:16:08.079> to<00:16:08.290> this<00:16:08.589> open<00:16:09.010> financial<00:16:09.430> system<00:16:10.500> we 00:16:11.490 --> 00:16:11.500 align:start position:0% access to this open financial system we 00:16:11.500 --> 00:16:13.079 align:start position:0% access to this open financial system we were<00:16:11.560> focusing<00:16:11.860> on<00:16:11.920> usability<00:16:12.250> so<00:16:12.760> we're 00:16:13.079 --> 00:16:13.089 align:start position:0% were focusing on usability so we're 00:16:13.089 --> 00:16:15.360 align:start position:0% were focusing on usability so we're developing<00:16:13.300> some<00:16:13.860> wallets<00:16:14.860> and<00:16:14.980> some<00:16:15.130> tools 00:16:15.360 --> 00:16:15.370 align:start position:0% developing some wallets and some tools 00:16:15.370 --> 00:16:18.990 align:start position:0% developing some wallets and some tools that<00:16:15.640> people<00:16:15.970> can<00:16:16.120> use<00:16:16.240> to<00:16:17.459> send<00:16:18.459> for<00:16:18.670> example 00:16:18.990 --> 00:16:19.000 align:start position:0% that people can use to send for example 00:16:19.000 --> 00:16:21.840 align:start position:0% that people can use to send for example dye<00:16:19.180> to<00:16:19.510> each<00:16:19.630> other<00:16:20.040> using<00:16:21.040> things<00:16:21.579> that<00:16:21.670> they 00:16:21.840 --> 00:16:21.850 align:start position:0% dye to each other using things that they 00:16:21.850 --> 00:16:24.470 align:start position:0% dye to each other using things that they were<00:16:21.910> use<00:16:22.240> like<00:16:22.450> what's<00:16:22.630> up<00:16:23.220> we<00:16:24.220> are 00:16:24.470 --> 00:16:24.480 align:start position:0% were use like what's up we are 00:16:24.480 --> 00:16:26.970 align:start position:0% were use like what's up we are experimenting<00:16:25.480> with<00:16:25.870> air<00:16:26.290> drops<00:16:26.589> and 00:16:26.970 --> 00:16:26.980 align:start position:0% experimenting with air drops and 00:16:26.980 --> 00:16:30.090 align:start position:0% experimenting with air drops and onboarding<00:16:27.610> in<00:16:27.880> border<00:16:28.570> cities<00:16:29.320> we<00:16:29.500> have<00:16:29.709> like 00:16:30.090 --> 00:16:30.100 align:start position:0% onboarding in border cities we have like 00:16:30.100 --> 00:16:30.630 align:start position:0% onboarding in border cities we have like partners 00:16:30.630 --> 00:16:30.640 align:start position:0% partners 00:16:30.640 --> 00:16:32.699 align:start position:0% partners it's<00:16:31.570> a<00:16:31.660> project<00:16:32.019> called<00:16:32.110> cryptochrome<00:16:32.529> said 00:16:32.699 --> 00:16:32.709 align:start position:0% it's a project called cryptochrome said 00:16:32.709 --> 00:16:34.470 align:start position:0% it's a project called cryptochrome said hey<00:16:32.829> is<00:16:33.010> where<00:16:33.730> they<00:16:33.820> took<00:16:33.970> this<00:16:34.089> picture<00:16:34.149> in 00:16:34.470 --> 00:16:34.480 align:start position:0% hey is where they took this picture in 00:16:34.480 --> 00:16:37.410 align:start position:0% hey is where they took this picture in cucuta<00:16:34.720> and<00:16:35.220> they<00:16:36.220> are<00:16:36.370> experimenting<00:16:36.970> with 00:16:37.410 --> 00:16:37.420 align:start position:0% cucuta and they are experimenting with 00:16:37.420 --> 00:16:39.420 align:start position:0% cucuta and they are experimenting with different<00:16:37.510> ways<00:16:37.750> that<00:16:38.110> people<00:16:38.380> can<00:16:39.010> get<00:16:39.160> paper 00:16:39.420 --> 00:16:39.430 align:start position:0% different ways that people can get paper 00:16:39.430 --> 00:16:41.850 align:start position:0% different ways that people can get paper wallets<00:16:39.910> and<00:16:40.180> and<00:16:41.019> can<00:16:41.230> pay<00:16:41.410> with<00:16:41.529> them<00:16:41.680> and 00:16:41.850 --> 00:16:41.860 align:start position:0% wallets and and can pay with them and 00:16:41.860 --> 00:16:44.420 align:start position:0% wallets and and can pay with them and get<00:16:42.070> used<00:16:42.279> to<00:16:42.399> the<00:16:42.490> idea<00:16:42.519> of<00:16:42.730> cryptocurrencies 00:16:44.420 --> 00:16:44.430 align:start position:0% get used to the idea of cryptocurrencies 00:16:44.430 --> 00:16:48.870 align:start position:0% get used to the idea of cryptocurrencies and<00:16:45.430> how<00:16:45.850> can<00:16:46.000> you<00:16:46.089> help<00:16:46.920> so<00:16:47.920> please 00:16:48.870 --> 00:16:48.880 align:start position:0% and how can you help so please 00:16:48.880 --> 00:16:50.850 align:start position:0% and how can you help so please first<00:16:49.420> of<00:16:49.570> all<00:16:49.660> leave<00:16:50.079> out<00:16:50.230> your<00:16:50.260> values<00:16:50.560> if 00:16:50.850 --> 00:16:50.860 align:start position:0% first of all leave out your values if 00:16:50.860 --> 00:16:52.259 align:start position:0% first of all leave out your values if you<00:16:50.890> really<00:16:51.339> believe<00:16:51.550> in<00:16:51.699> decentralization 00:16:52.259 --> 00:16:52.269 align:start position:0% you really believe in decentralization 00:16:52.269 --> 00:16:53.970 align:start position:0% you really believe in decentralization you<00:16:52.720> have<00:16:52.870> to<00:16:52.990> be<00:16:53.110> aware<00:16:53.410> that<00:16:53.740> there's 00:16:53.970 --> 00:16:53.980 align:start position:0% you have to be aware that there's 00:16:53.980 --> 00:16:55.769 align:start position:0% you have to be aware that there's enemies<00:16:54.519> to<00:16:54.670> these<00:16:54.790> decentralization<00:16:55.600> x' 00:16:55.769 --> 00:16:55.779 align:start position:0% enemies to these decentralization x' 00:16:55.779 --> 00:16:58.980 align:start position:0% enemies to these decentralization x' there's<00:16:56.019> people<00:16:56.230> and<00:16:56.790> states<00:16:57.790> that<00:16:58.089> don't 00:16:58.980 --> 00:16:58.990 align:start position:0% there's people and states that don't 00:16:58.990 --> 00:17:02.790 align:start position:0% there's people and states that don't really<00:16:59.709> care<00:16:59.980> much<00:17:00.220> for<00:17:00.250> freedom<00:17:00.699> and<00:17:01.800> just 00:17:02.790 --> 00:17:02.800 align:start position:0% really care much for freedom and just 00:17:02.800 --> 00:17:06.000 align:start position:0% really care much for freedom and just try<00:17:03.760> to<00:17:03.790> try<00:17:04.240> to<00:17:04.299> be<00:17:04.449> coherent<00:17:05.049> with<00:17:05.470> what<00:17:05.829> you 00:17:06.000 --> 00:17:06.010 align:start position:0% try to try to be coherent with what you 00:17:06.010 --> 00:17:09.090 align:start position:0% try to try to be coherent with what you do<00:17:06.929> design<00:17:07.929> for<00:17:08.140> those<00:17:08.350> who<00:17:08.470> need<00:17:08.650> crypto 00:17:09.090 --> 00:17:09.100 align:start position:0% do design for those who need crypto 00:17:09.100 --> 00:17:11.309 align:start position:0% do design for those who need crypto today<00:17:09.459> and<00:17:09.730> in<00:17:10.059> this<00:17:10.179> case<00:17:10.419> we<00:17:10.929> believe<00:17:11.020> that 00:17:11.309 --> 00:17:11.319 align:start position:0% today and in this case we believe that 00:17:11.319 --> 00:17:13.829 align:start position:0% today and in this case we believe that Venezuelans<00:17:11.860> are<00:17:12.040> very<00:17:12.549> much<00:17:12.780> at<00:17:13.780> the 00:17:13.829 --> 00:17:13.839 align:start position:0% Venezuelans are very much at the 00:17:13.839 --> 00:17:16.049 align:start position:0% Venezuelans are very much at the forefront<00:17:13.959> of<00:17:14.350> this<00:17:14.850> Argentinians<00:17:15.850> also 00:17:16.049 --> 00:17:16.059 align:start position:0% forefront of this Argentinians also 00:17:16.059 --> 00:17:17.819 align:start position:0% forefront of this Argentinians also experienced<00:17:16.480> very<00:17:16.600> high<00:17:16.720> inflation<00:17:16.959> in<00:17:17.470> Iran 00:17:17.819 --> 00:17:17.829 align:start position:0% experienced very high inflation in Iran 00:17:17.829 --> 00:17:20.159 align:start position:0% experienced very high inflation in Iran they<00:17:18.220> also<00:17:18.760> experienced<00:17:19.240> high<00:17:19.329> inflation<00:17:19.480> so 00:17:20.159 --> 00:17:20.169 align:start position:0% they also experienced high inflation so 00:17:20.169 --> 00:17:22.199 align:start position:0% they also experienced high inflation so just<00:17:20.709> look<00:17:20.860> out<00:17:21.010> for<00:17:21.280> those<00:17:21.549> cases<00:17:21.790> where 00:17:22.199 --> 00:17:22.209 align:start position:0% just look out for those cases where 00:17:22.209 --> 00:17:24.929 align:start position:0% just look out for those cases where money<00:17:23.140> like<00:17:23.589> the<00:17:23.709> need<00:17:24.010> for<00:17:24.040> money<00:17:24.339> is<00:17:24.549> really 00:17:24.929 --> 00:17:24.939 align:start position:0% money like the need for money is really 00:17:24.939 --> 00:17:28.400 align:start position:0% money like the need for money is really really<00:17:25.360> pressing<00:17:26.280> think<00:17:27.280> about<00:17:27.459> privacy 00:17:28.400 --> 00:17:28.410 align:start position:0% really pressing think about privacy 00:17:28.410 --> 00:17:30.870 align:start position:0% really pressing think about privacy privacy<00:17:29.410> don't<00:17:29.919> don't<00:17:30.160> put<00:17:30.340> stuff<00:17:30.460> on<00:17:30.820> the 00:17:30.870 --> 00:17:30.880 align:start position:0% privacy don't don't put stuff on the 00:17:30.880 --> 00:17:33.000 align:start position:0% privacy don't don't put stuff on the blockchain<00:17:31.120> that<00:17:31.299> you<00:17:31.360> may<00:17:31.450> regret<00:17:31.780> pudding<00:17:32.169> I 00:17:33.000 --> 00:17:33.010 align:start position:0% blockchain that you may regret pudding I 00:17:33.010 --> 00:17:35.180 align:start position:0% blockchain that you may regret pudding I think<00:17:34.000> really<00:17:34.240> really<00:17:34.330> hard<00:17:34.510> about<00:17:34.720> privacy 00:17:35.180 --> 00:17:35.190 align:start position:0% think really really hard about privacy 00:17:35.190 --> 00:17:37.560 align:start position:0% think really really hard about privacy talk<00:17:36.190> to<00:17:36.370> the<00:17:36.490> privacy<00:17:36.910> experts<00:17:37.240> talk<00:17:37.390> to<00:17:37.480> the 00:17:37.560 --> 00:17:37.570 align:start position:0% talk to the privacy experts talk to the 00:17:37.570 --> 00:17:39.650 align:start position:0% talk to the privacy experts talk to the zkh<00:17:37.809> community<00:17:38.200> to<00:17:38.799> the<00:17:38.890> Monaro<00:17:39.160> community 00:17:39.650 --> 00:17:39.660 align:start position:0% zkh community to the Monaro community 00:17:39.660 --> 00:17:42.570 align:start position:0% zkh community to the Monaro community and<00:17:40.660> you<00:17:41.500> port<00:17:41.740> for<00:17:41.830> example<00:17:42.160> is<00:17:42.220> a<00:17:42.250> great 00:17:42.570 --> 00:17:42.580 align:start position:0% and you port for example is a great 00:17:42.580 --> 00:17:44.760 align:start position:0% and you port for example is a great project<00:17:43.570> that<00:17:43.990> really<00:17:44.230> really<00:17:44.500> cares<00:17:44.710> about 00:17:44.760 --> 00:17:44.770 align:start position:0% project that really really cares about 00:17:44.770 --> 00:17:48.540 align:start position:0% project that really really cares about privacy<00:17:45.220> talk<00:17:45.610> to<00:17:45.760> them<00:17:46.380> and<00:17:47.380> then<00:17:47.590> unlocked 00:17:48.540 --> 00:17:48.550 align:start position:0% privacy talk to them and then unlocked 00:17:48.550 --> 00:17:51.120 align:start position:0% privacy talk to them and then unlocked by<00:17:48.940> paying<00:17:49.450> people<00:17:49.630> in<00:17:49.870> crypto<00:17:50.200> if<00:17:50.410> you<00:17:50.740> if<00:17:51.010> you 00:17:51.120 --> 00:17:51.130 align:start position:0% by paying people in crypto if you if you 00:17:51.130 --> 00:17:53.640 align:start position:0% by paying people in crypto if you if you only<00:17:51.310> are<00:17:52.180> limited<00:17:52.660> to<00:17:52.780> paying<00:17:53.200> in<00:17:53.410> certain 00:17:53.640 --> 00:17:53.650 align:start position:0% only are limited to paying in certain 00:17:53.650 --> 00:17:55.980 align:start position:0% only are limited to paying in certain banks<00:17:54.010> and<00:17:54.160> or<00:17:54.340> certain<00:17:54.670> countries<00:17:55.450> you're 00:17:55.980 --> 00:17:55.990 align:start position:0% banks and or certain countries you're 00:17:55.990 --> 00:17:58.320 align:start position:0% banks and or certain countries you're going<00:17:56.290> to<00:17:56.470> deny<00:17:57.220> yourself<00:17:57.520> from<00:17:57.940> like<00:17:58.090> this 00:17:58.320 --> 00:17:58.330 align:start position:0% going to deny yourself from like this 00:17:58.330 --> 00:18:00.180 align:start position:0% going to deny yourself from like this huge<00:17:59.140> pool<00:17:59.320> of<00:17:59.380> talent<00:17:59.770> that<00:17:59.830> lives<00:18:00.100> in 00:18:00.180 --> 00:18:00.190 align:start position:0% huge pool of talent that lives in 00:18:00.190 --> 00:18:01.650 align:start position:0% huge pool of talent that lives in Venezuela<00:18:00.460> and<00:18:00.670> elsewhere<00:18:00.910> that<00:18:01.270> can<00:18:01.450> earn 00:18:01.650 --> 00:18:01.660 align:start position:0% Venezuela and elsewhere that can earn 00:18:01.660 --> 00:18:05.010 align:start position:0% Venezuela and elsewhere that can earn money<00:18:01.840> in<00:18:02.020> crypto<00:18:02.320> directly<00:18:03.900> and<00:18:04.900> then 00:18:05.010 --> 00:18:05.020 align:start position:0% money in crypto directly and then 00:18:05.020 --> 00:18:06.780 align:start position:0% money in crypto directly and then finally<00:18:05.380> support<00:18:05.770> us<00:18:05.860> we<00:18:05.980> are<00:18:06.190> very<00:18:06.400> lucky<00:18:06.550> to 00:18:06.780 --> 00:18:06.790 align:start position:0% finally support us we are very lucky to 00:18:06.790 --> 00:18:07.620 align:start position:0% finally support us we are very lucky to come<00:18:06.940> with<00:18:07.090> the<00:18:07.150> support<00:18:07.420> of<00:18:07.510> these 00:18:07.620 --> 00:18:07.630 align:start position:0% come with the support of these 00:18:07.630 --> 00:18:09.720 align:start position:0% come with the support of these organizations<00:18:08.260> especially<00:18:08.590> shout-out<00:18:09.550> to 00:18:09.720 --> 00:18:09.730 align:start position:0% organizations especially shout-out to 00:18:09.730 --> 00:18:11.400 align:start position:0% organizations especially shout-out to the<00:18:09.880> Z<00:18:10.090> cash<00:18:10.270> company<00:18:10.660> which<00:18:10.960> was<00:18:11.170> supported 00:18:11.400 --> 00:18:11.410 align:start position:0% the Z cash company which was supported 00:18:11.410 --> 00:18:14.340 align:start position:0% the Z cash company which was supported us<00:18:11.800> from<00:18:12.130> the<00:18:12.310> beginning<00:18:12.640> and<00:18:13.320> we<00:18:14.320> are 00:18:14.340 --> 00:18:14.350 align:start position:0% us from the beginning and we are 00:18:14.350 --> 00:18:16.140 align:start position:0% us from the beginning and we are pressing<00:18:14.800> forward<00:18:15.160> with<00:18:15.340> the<00:18:15.430> research<00:18:15.790> and 00:18:16.140 --> 00:18:16.150 align:start position:0% pressing forward with the research and 00:18:16.150 --> 00:18:19.140 align:start position:0% pressing forward with the research and our<00:18:16.510> experiments<00:18:17.050> and<00:18:17.730> please<00:18:18.730> reach<00:18:18.910> out<00:18:19.000> to 00:18:19.140 --> 00:18:19.150 align:start position:0% our experiments and please reach out to 00:18:19.150 --> 00:18:20.160 align:start position:0% our experiments and please reach out to us<00:18:19.270> here<00:18:19.480> if<00:18:19.630> you<00:18:19.750> were<00:18:19.840> still<00:18:20.020> interested 00:18:20.160 --> 00:18:20.170 align:start position:0% us here if you were still interested 00:18:20.170 --> 00:18:29.430 align:start position:0% us here if you were still interested thank<00:18:21.040> you<00:18:28.230> thank<00:18:29.230> you 00:18:29.430 --> 00:18:29.440 align:start position:0% thank you thank you 00:18:29.440 --> 00:18:32.310 align:start position:0% thank you thank you let's<00:18:30.370> have<00:18:30.610> a<00:18:30.640> couple<00:18:31.060> questions<00:18:31.320> people 00:18:32.310 --> 00:18:32.320 align:start position:0% let's have a couple questions people 00:18:32.320 --> 00:18:40.890 align:start position:0% let's have a couple questions people over<00:18:32.920> the<00:18:33.580> closest<00:18:34.000> coz<00:18:38.760> hey<00:18:39.760> guys<00:18:39.940> first<00:18:40.810> of 00:18:40.890 --> 00:18:40.900 align:start position:0% over the closest coz hey guys first of 00:18:40.900 --> 00:18:42.720 align:start position:0% over the closest coz hey guys first of all<00:18:40.990> thanks<00:18:41.380> for<00:18:41.740> you<00:18:42.280> must<00:18:42.490> be<00:18:42.550> very 00:18:42.720 --> 00:18:42.730 align:start position:0% all thanks for you must be very 00:18:42.730 --> 00:18:45.090 align:start position:0% all thanks for you must be very courageous<00:18:43.110> courageous<00:18:44.110> to<00:18:44.290> do<00:18:44.830> what<00:18:44.950> you're 00:18:45.090 --> 00:18:45.100 align:start position:0% courageous courageous to do what you're 00:18:45.100 --> 00:18:46.320 align:start position:0% courageous courageous to do what you're doing<00:18:45.130> with<00:18:45.400> the<00:18:45.460> project<00:18:45.640> and<00:18:45.850> to<00:18:45.910> stand<00:18:46.180> here 00:18:46.320 --> 00:18:46.330 align:start position:0% doing with the project and to stand here 00:18:46.330 --> 00:18:47.730 align:start position:0% doing with the project and to stand here in<00:18:46.360> front<00:18:46.480> of<00:18:46.720> the<00:18:46.810> world<00:18:46.990> and<00:18:47.170> speak<00:18:47.380> about<00:18:47.500> it 00:18:47.730 --> 00:18:47.740 align:start position:0% in front of the world and speak about it 00:18:47.740 --> 00:18:50.040 align:start position:0% in front of the world and speak about it thank<00:18:48.190> you<00:18:48.280> my<00:18:49.060> question<00:18:49.420> is<00:18:49.480> more<00:18:49.630> along<00:18:49.870> line 00:18:50.040 --> 00:18:50.050 align:start position:0% thank you my question is more along line 00:18:50.050 --> 00:18:52.470 align:start position:0% thank you my question is more along line so<00:18:50.170> I'm<00:18:50.290> in<00:18:50.470> verges<00:18:50.830> and<00:18:51.100> sent<00:18:51.400> to<00:18:52.300> get<00:18:52.420> a 00:18:52.470 --> 00:18:52.480 align:start position:0% so I'm in verges and sent to get a 00:18:52.480 --> 00:18:54.270 align:start position:0% so I'm in verges and sent to get a picture<00:18:52.690> of<00:18:52.870> what<00:18:53.170> it's<00:18:53.260> like<00:18:53.320> in<00:18:53.590> Venezuela 00:18:54.270 --> 00:18:54.280 align:start position:0% picture of what it's like in Venezuela 00:18:54.280 --> 00:18:56.130 align:start position:0% picture of what it's like in Venezuela with<00:18:54.970> all<00:18:55.150> the<00:18:55.360> challenges<00:18:55.510> that<00:18:55.780> yours<00:18:56.020> are 00:18:56.130 --> 00:18:56.140 align:start position:0% with all the challenges that yours are 00:18:56.140 --> 00:18:57.660 align:start position:0% with all the challenges that yours are facing<00:18:56.500> does<00:18:56.830> that<00:18:56.920> mean<00:18:57.130> that<00:18:57.160> the<00:18:57.490> market 00:18:57.660 --> 00:18:57.670 align:start position:0% facing does that mean that the market 00:18:57.670 --> 00:19:00.120 align:start position:0% facing does that mean that the market adoption<00:18:58.030> are<00:18:58.630> much<00:18:58.900> higher<00:18:59.110> so<00:18:59.410> the<00:18:59.530> the 00:19:00.120 --> 00:19:00.130 align:start position:0% adoption are much higher so the the 00:19:00.130 --> 00:19:02.340 align:start position:0% adoption are much higher so the the grandmothers<00:19:00.760> the<00:19:01.120> kids<00:19:01.390> do<00:19:02.050> they<00:19:02.170> know 00:19:02.340 --> 00:19:02.350 align:start position:0% grandmothers the kids do they know 00:19:02.350 --> 00:19:03.870 align:start position:0% grandmothers the kids do they know things<00:19:02.920> about<00:19:03.070> like<00:19:03.370> how<00:19:03.490> to<00:19:03.550> use<00:19:03.730> private 00:19:03.870 --> 00:19:03.880 align:start position:0% things about like how to use private 00:19:03.880 --> 00:19:06.660 align:start position:0% things about like how to use private keys<00:19:04.210> how<00:19:04.840> to<00:19:04.900> make<00:19:05.380> sure<00:19:05.560> that<00:19:05.710> yeah<00:19:05.950> ID<00:19:06.430> well 00:19:06.660 --> 00:19:06.670 align:start position:0% keys how to make sure that yeah ID well 00:19:06.670 --> 00:19:09.060 align:start position:0% keys how to make sure that yeah ID well address<00:19:07.060> is<00:19:07.210> a<00:19:07.690> private<00:19:08.230> account<00:19:08.620> and<00:19:08.950> you 00:19:09.060 --> 00:19:09.070 align:start position:0% address is a private account and you 00:19:09.070 --> 00:19:10.050 align:start position:0% address is a private account and you know<00:19:09.130> you<00:19:09.190> don't<00:19:09.280> want<00:19:09.430> to<00:19:09.490> share<00:19:09.700> it<00:19:09.850> so<00:19:09.940> that 00:19:10.050 --> 00:19:10.060 align:start position:0% know you don't want to share it so that 00:19:10.060 --> 00:19:12.330 align:start position:0% know you don't want to share it so that people<00:19:10.180> can<00:19:10.420> see<00:19:10.570> all<00:19:10.720> of<00:19:10.750> your<00:19:10.900> balances<00:19:11.440> and 00:19:12.330 --> 00:19:12.340 align:start position:0% people can see all of your balances and 00:19:12.340 --> 00:19:14.190 align:start position:0% people can see all of your balances and just<00:19:12.580> I<00:19:12.760> know<00:19:12.910> just<00:19:13.240> generally<00:19:13.630> a<00:19:13.660> picture<00:19:14.080> of 00:19:14.190 --> 00:19:14.200 align:start position:0% just I know just generally a picture of 00:19:14.200 --> 00:19:17.730 align:start position:0% just I know just generally a picture of MA<00:19:14.560> Kurt<00:19:14.770> yeah<00:19:15.240> so<00:19:16.240> adoption<00:19:16.930> has<00:19:17.140> still 00:19:17.730 --> 00:19:17.740 align:start position:0% MA Kurt yeah so adoption has still 00:19:17.740 --> 00:19:22.290 align:start position:0% MA Kurt yeah so adoption has still increased<00:19:18.310> in<00:19:18.580> the<00:19:18.730> country<00:19:20.610> sadly<00:19:21.610> we're<00:19:22.000> not 00:19:22.290 --> 00:19:22.300 align:start position:0% increased in the country sadly we're not 00:19:22.300 --> 00:19:23.850 align:start position:0% increased in the country sadly we're not at<00:19:22.450> the<00:19:22.510> point<00:19:22.570> where<00:19:23.050> people<00:19:23.080> are<00:19:23.590> paying 00:19:23.850 --> 00:19:23.860 align:start position:0% at the point where people are paying 00:19:23.860 --> 00:19:27.840 align:start position:0% at the point where people are paying each<00:19:24.820> other<00:19:25.120> with<00:19:25.330> crypto<00:19:26.310> at<00:19:27.310> the<00:19:27.460> optioning 00:19:27.840 --> 00:19:27.850 align:start position:0% each other with crypto at the optioning 00:19:27.850 --> 00:19:30.120 align:start position:0% each other with crypto at the optioning Venezuela<00:19:28.420> mostly<00:19:29.080> means<00:19:29.350> that<00:19:29.710> people<00:19:30.040> are 00:19:30.120 --> 00:19:30.130 align:start position:0% Venezuela mostly means that people are 00:19:30.130 --> 00:19:33.950 align:start position:0% Venezuela mostly means that people are using<00:19:30.310> cryptocurrency<00:19:31.260> to<00:19:32.260> store<00:19:32.680> the<00:19:32.830> wealth 00:19:33.950 --> 00:19:33.960 align:start position:0% using cryptocurrency to store the wealth 00:19:33.960 --> 00:19:36.900 align:start position:0% using cryptocurrency to store the wealth to<00:19:34.960> put<00:19:35.350> an<00:19:35.440> example<00:19:35.740> what<00:19:35.980> I<00:19:36.010> was<00:19:36.220> doing<00:19:36.580> I<00:19:36.760> was 00:19:36.900 --> 00:19:36.910 align:start position:0% to put an example what I was doing I was 00:19:36.910 --> 00:19:38.610 align:start position:0% to put an example what I was doing I was I<00:19:37.120> was<00:19:37.360> getting<00:19:37.480> paid<00:19:37.780> directly<00:19:38.110> in<00:19:38.230> crypto 00:19:38.610 --> 00:19:38.620 align:start position:0% I was getting paid directly in crypto 00:19:38.620 --> 00:19:41.880 align:start position:0% I was getting paid directly in crypto which<00:19:39.460> I<00:19:39.760> hope<00:19:40.090> and<00:19:40.450> that<00:19:41.110> was<00:19:41.290> a<00:19:41.320> point<00:19:41.650> I<00:19:41.770> we 00:19:41.880 --> 00:19:41.890 align:start position:0% which I hope and that was a point I we 00:19:41.890 --> 00:19:43.710 align:start position:0% which I hope and that was a point I we made<00:19:42.040> before<00:19:42.190> I<00:19:42.580> hope<00:19:42.790> that<00:19:42.970> more<00:19:43.150> companies 00:19:43.710 --> 00:19:43.720 align:start position:0% made before I hope that more companies 00:19:43.720 --> 00:19:46.590 align:start position:0% made before I hope that more companies who<00:19:44.680> pay<00:19:44.860> their<00:19:45.340> workers<00:19:45.490> in<00:19:45.700> crypto<00:19:46.180> I<00:19:46.330> see<00:19:46.570> a 00:19:46.590 --> 00:19:46.600 align:start position:0% who pay their workers in crypto I see a 00:19:46.600 --> 00:19:49.350 align:start position:0% who pay their workers in crypto I see a lot<00:19:46.840> of<00:19:46.870> you<00:19:47.200> here<00:19:48.130> companies<00:19:48.640> like<00:19:48.790> Consensus 00:19:49.350 --> 00:19:49.360 align:start position:0% lot of you here companies like Consensus 00:19:49.360 --> 00:19:53.010 align:start position:0% lot of you here companies like Consensus coinbase<00:19:50.160> and<00:19:51.160> in<00:19:51.550> a<00:19:51.640> lot<00:19:51.790> of<00:19:51.820> cases<00:19:52.120> these<00:19:52.750> big 00:19:53.010 --> 00:19:53.020 align:start position:0% coinbase and in a lot of cases these big 00:19:53.020 --> 00:19:54.270 align:start position:0% coinbase and in a lot of cases these big companies<00:19:53.380> don't<00:19:53.620> pay<00:19:53.740> their<00:19:53.950> workers<00:19:54.070> in 00:19:54.270 --> 00:19:54.280 align:start position:0% companies don't pay their workers in 00:19:54.280 --> 00:19:56.220 align:start position:0% companies don't pay their workers in crypto<00:19:54.670> they're<00:19:54.880> unlocking<00:19:55.420> themselves<00:19:55.990> away 00:19:56.220 --> 00:19:56.230 align:start position:0% crypto they're unlocking themselves away 00:19:56.230 --> 00:19:58.770 align:start position:0% crypto they're unlocking themselves away from<00:19:56.490> talent<00:19:57.490> that<00:19:57.880> are<00:19:57.940> living<00:19:58.210> in<00:19:58.330> this<00:19:58.510> camp 00:19:58.770 --> 00:19:58.780 align:start position:0% from talent that are living in this camp 00:19:58.780 --> 00:20:01.670 align:start position:0% from talent that are living in this camp in<00:19:59.020> these<00:19:59.290> countries<00:19:59.500> they<00:20:00.460> can<00:20:00.640> get 00:20:01.670 --> 00:20:01.680 align:start position:0% in these countries they can get 00:20:01.680 --> 00:20:04.190 align:start position:0% in these countries they can get so<00:20:02.340> adoption<00:20:02.880> in<00:20:02.970> Venezuela<00:20:03.330> looks<00:20:03.630> like<00:20:03.960> this 00:20:04.190 --> 00:20:04.200 align:start position:0% so adoption in Venezuela looks like this 00:20:04.200 --> 00:20:06.050 align:start position:0% so adoption in Venezuela looks like this people<00:20:04.800> are<00:20:04.890> using<00:20:05.100> cryptocurrencies<00:20:05.700> to 00:20:06.050 --> 00:20:06.060 align:start position:0% people are using cryptocurrencies to 00:20:06.060 --> 00:20:08.450 align:start position:0% people are using cryptocurrencies to restore<00:20:06.390> the<00:20:06.510> wealth<00:20:06.750> to<00:20:07.440> freely<00:20:07.680> transact<00:20:08.250> I 00:20:08.450 --> 00:20:08.460 align:start position:0% restore the wealth to freely transact I 00:20:08.460 --> 00:20:11.030 align:start position:0% restore the wealth to freely transact I use<00:20:08.790> it<00:20:09.030> on<00:20:09.390> a<00:20:09.930> regular<00:20:10.020> basis<00:20:10.680> what<00:20:10.830> I<00:20:10.860> was 00:20:11.030 --> 00:20:11.040 align:start position:0% use it on a regular basis what I was 00:20:11.040 --> 00:20:13.760 align:start position:0% use it on a regular basis what I was doing<00:20:11.250> is<00:20:11.340> I<00:20:11.370> was<00:20:11.700> exchanging<00:20:12.510> each<00:20:13.110> week<00:20:13.560> due 00:20:13.760 --> 00:20:13.770 align:start position:0% doing is I was exchanging each week due 00:20:13.770 --> 00:20:15.770 align:start position:0% doing is I was exchanging each week due to<00:20:13.800> hyperinflation<00:20:14.340> I<00:20:14.850> was<00:20:15.360> exchanging 00:20:15.770 --> 00:20:15.780 align:start position:0% to hyperinflation I was exchanging 00:20:15.780 --> 00:20:17.870 align:start position:0% to hyperinflation I was exchanging Bitcoin<00:20:16.200> each<00:20:16.410> week<00:20:16.740> into<00:20:17.040> local<00:20:17.340> currency<00:20:17.730> to 00:20:17.870 --> 00:20:17.880 align:start position:0% Bitcoin each week into local currency to 00:20:17.880 --> 00:20:21.970 align:start position:0% Bitcoin each week into local currency to spend<00:20:18.210> and<00:20:19.400> using<00:20:20.400> using<00:20:20.880> local<00:20:21.330> currency 00:20:21.970 --> 00:20:21.980 align:start position:0% spend and using using local currency 00:20:21.980 --> 00:20:25.280 align:start position:0% spend and using using local currency believers<00:20:22.980> with<00:20:23.640> the<00:20:23.730> bank<00:20:23.910> account<00:20:24.210> but<00:20:24.780> like 00:20:25.280 --> 00:20:25.290 align:start position:0% believers with the bank account but like 00:20:25.290 --> 00:20:28.070 align:start position:0% believers with the bank account but like I<00:20:25.380> said<00:20:25.560> I<00:20:25.590> was<00:20:25.800> exchanging<00:20:26.370> weekly<00:20:27.060> the<00:20:27.690> the 00:20:28.070 --> 00:20:28.080 align:start position:0% I said I was exchanging weekly the the 00:20:28.080 --> 00:20:32.870 align:start position:0% I said I was exchanging weekly the the currency<00:20:29.540> we're<00:20:30.540> far<00:20:30.870> away<00:20:31.520> very<00:20:32.520> far<00:20:32.760> away 00:20:32.870 --> 00:20:32.880 align:start position:0% currency we're far away very far away 00:20:32.880 --> 00:20:34.880 align:start position:0% currency we're far away very far away from<00:20:33.000> massive<00:20:33.600> adoption<00:20:34.140> what<00:20:34.380> we<00:20:34.530> need<00:20:34.710> in 00:20:34.880 --> 00:20:34.890 align:start position:0% from massive adoption what we need in 00:20:34.890 --> 00:20:38.980 align:start position:0% from massive adoption what we need in Venezuela<00:20:35.370> is<00:20:35.990> you<00:20:36.990> see<00:20:37.230> two<00:20:37.350> easy-to-use 00:20:38.980 --> 00:20:38.990 align:start position:0% Venezuela is you see two easy-to-use 00:20:38.990 --> 00:20:44.360 align:start position:0% Venezuela is you see two easy-to-use interfaces<00:20:40.040> apps<00:20:42.050> exchanges<00:20:43.080> sadly<00:20:43.920> the 00:20:44.360 --> 00:20:44.370 align:start position:0% interfaces apps exchanges sadly the 00:20:44.370 --> 00:20:46.370 align:start position:0% interfaces apps exchanges sadly the bottleneck<00:20:44.880> right<00:20:45.060> now<00:20:45.240> is<00:20:45.510> that<00:20:45.750> we<00:20:46.350> only 00:20:46.370 --> 00:20:46.380 align:start position:0% bottleneck right now is that we only 00:20:46.380 --> 00:20:48.620 align:start position:0% bottleneck right now is that we only have<00:20:46.650> one<00:20:46.980> Bitcoin<00:20:47.400> exchange<00:20:47.820> centralized 00:20:48.620 --> 00:20:48.630 align:start position:0% have one Bitcoin exchange centralized 00:20:48.630 --> 00:20:50.300 align:start position:0% have one Bitcoin exchange centralized Bitcoin<00:20:48.990> exchange<00:20:49.260> which<00:20:49.410> is<00:20:49.560> local<00:20:49.920> Bitcoin 00:20:50.300 --> 00:20:50.310 align:start position:0% Bitcoin exchange which is local Bitcoin 00:20:50.310 --> 00:20:52.790 align:start position:0% Bitcoin exchange which is local Bitcoin and<00:20:50.820> there's<00:20:51.420> the<00:20:52.230> decentralized 00:20:52.790 --> 00:20:52.800 align:start position:0% and there's the decentralized 00:20:52.800 --> 00:20:56.270 align:start position:0% and there's the decentralized alternatives<00:20:53.610> RC<00:20:54.600> are<00:20:55.320> still<00:20:55.650> very<00:20:55.920> hard<00:20:56.130> to 00:20:56.270 --> 00:20:56.280 align:start position:0% alternatives RC are still very hard to 00:20:56.280 --> 00:20:59.630 align:start position:0% alternatives RC are still very hard to use<00:20:56.690> normal<00:20:57.690> people<00:20:58.020> don't<00:20:58.620> want<00:20:58.950> to<00:20:59.130> think 00:20:59.630 --> 00:20:59.640 align:start position:0% use normal people don't want to think 00:20:59.640 --> 00:21:03.500 align:start position:0% use normal people don't want to think about<00:20:59.790> all<00:21:00.090> of<00:21:00.240> that<00:21:00.270> stuff<00:21:01.260> so<00:21:02.240> that's<00:21:03.240> what 00:21:03.500 --> 00:21:03.510 align:start position:0% about all of that stuff so that's what 00:21:03.510 --> 00:21:06.560 align:start position:0% about all of that stuff so that's what we're<00:21:03.660> hoping<00:21:03.840> to<00:21:04.020> see<00:21:04.290> yeah<00:21:04.800> it's<00:21:05.280> also<00:21:05.700> it's 00:21:06.560 --> 00:21:06.570 align:start position:0% we're hoping to see yeah it's also it's 00:21:06.570 --> 00:21:08.390 align:start position:0% we're hoping to see yeah it's also it's worth<00:21:07.230> bearing<00:21:07.470> in<00:21:07.620> mind<00:21:07.680> that<00:21:07.920> adoption 00:21:08.390 --> 00:21:08.400 align:start position:0% worth bearing in mind that adoption 00:21:08.400 --> 00:21:11.630 align:start position:0% worth bearing in mind that adoption Venezuela<00:21:08.940> is<00:21:09.480> probably<00:21:09.900> at<00:21:10.020> 1%<00:21:10.950> or<00:21:11.220> it's 00:21:11.630 --> 00:21:11.640 align:start position:0% Venezuela is probably at 1% or it's 00:21:11.640 --> 00:21:12.980 align:start position:0% Venezuela is probably at 1% or it's certainly<00:21:11.880> less<00:21:12.060> than<00:21:12.210> 5%<00:21:12.450> of<00:21:12.840> the<00:21:12.900> population 00:21:12.980 --> 00:21:12.990 align:start position:0% certainly less than 5% of the population 00:21:12.990 --> 00:21:14.630 align:start position:0% certainly less than 5% of the population are<00:21:13.410> using<00:21:13.680> cryptocurrencies<00:21:14.010> to<00:21:14.460> put 00:21:14.630 --> 00:21:14.640 align:start position:0% are using cryptocurrencies to put 00:21:14.640 --> 00:21:16.700 align:start position:0% are using cryptocurrencies to put everything<00:21:15.060> into<00:21:15.300> perspective<00:21:15.450> is<00:21:16.140> just<00:21:16.440> very 00:21:16.700 --> 00:21:16.710 align:start position:0% everything into perspective is just very 00:21:16.710 --> 00:21:18.290 align:start position:0% everything into perspective is just very niche<00:21:17.070> activity<00:21:17.220> that<00:21:17.760> we<00:21:17.910> are<00:21:18.030> just<00:21:18.240> very 00:21:18.290 --> 00:21:18.300 align:start position:0% niche activity that we are just very 00:21:18.300 --> 00:21:21.140 align:start position:0% niche activity that we are just very lucky<00:21:18.660> to<00:21:18.930> be<00:21:19.020> a<00:21:19.050> part<00:21:19.170> of<00:21:19.850> both<00:21:20.850> me<00:21:21.060> and 00:21:21.140 --> 00:21:21.150 align:start position:0% lucky to be a part of both me and 00:21:21.150 --> 00:21:22.640 align:start position:0% lucky to be a part of both me and Eduardo<00:21:21.450> we<00:21:21.600> we<00:21:21.870> got<00:21:22.080> into<00:21:22.260> cryptocurrency 00:21:22.640 --> 00:21:22.650 align:start position:0% Eduardo we we got into cryptocurrency 00:21:22.650 --> 00:21:25.490 align:start position:0% Eduardo we we got into cryptocurrency and<00:21:23.160> that<00:21:23.850> we<00:21:24.090> understand<00:21:24.660> its<00:21:24.840> benefits<00:21:25.410> but 00:21:25.490 --> 00:21:25.500 align:start position:0% and that we understand its benefits but 00:21:25.500 --> 00:21:26.810 align:start position:0% and that we understand its benefits but the<00:21:25.920> majority<00:21:26.100> population<00:21:26.340> doesn't 00:21:26.810 --> 00:21:26.820 align:start position:0% the majority population doesn't 00:21:26.820 --> 00:21:28.040 align:start position:0% the majority population doesn't understand<00:21:27.270> when<00:21:27.690> they<00:21:27.810> think<00:21:27.930> of 00:21:28.040 --> 00:21:28.050 align:start position:0% understand when they think of 00:21:28.050 --> 00:21:29.300 align:start position:0% understand when they think of cryptocurrencies<00:21:28.560> they<00:21:28.800> probably<00:21:28.950> think<00:21:29.160> of 00:21:29.300 --> 00:21:29.310 align:start position:0% cryptocurrencies they probably think of 00:21:29.310 --> 00:21:31.130 align:start position:0% cryptocurrencies they probably think of the<00:21:29.460> petrol<00:21:29.820> scam<00:21:30.120> that<00:21:30.360> the<00:21:30.540> government<00:21:30.990> was 00:21:31.130 --> 00:21:31.140 align:start position:0% the petrol scam that the government was 00:21:31.140 --> 00:21:35.090 align:start position:0% the petrol scam that the government was trying<00:21:31.170> to<00:21:31.380> push<00:21:31.620> so<00:21:32.340> we<00:21:33.120> still<00:21:33.720> don't<00:21:34.530> know<00:21:34.590> or 00:21:35.090 --> 00:21:35.100 align:start position:0% trying to push so we still don't know or 00:21:35.100 --> 00:21:37.340 align:start position:0% trying to push so we still don't know or we<00:21:35.340> we<00:21:35.730> we<00:21:36.030> have<00:21:36.060> a<00:21:36.210> lot<00:21:36.480> of<00:21:36.510> work<00:21:36.750> to<00:21:36.960> do<00:21:37.080> in 00:21:37.340 --> 00:21:37.350 align:start position:0% we we we have a lot of work to do in 00:21:37.350 --> 00:21:38.780 align:start position:0% we we we have a lot of work to do in terms<00:21:37.590> of<00:21:37.770> public<00:21:38.310> perception<00:21:38.760> of 00:21:38.780 --> 00:21:38.790 align:start position:0% terms of public perception of 00:21:38.790 --> 00:21:40.790 align:start position:0% terms of public perception of cryptocurrency<00:21:39.090> in<00:21:39.690> terms<00:21:39.990> of<00:21:40.080> awareness<00:21:40.200> in 00:21:40.790 --> 00:21:40.800 align:start position:0% cryptocurrency in terms of awareness in 00:21:40.800 --> 00:21:43.610 align:start position:0% cryptocurrency in terms of awareness in terms<00:21:41.340> of<00:21:41.720> yes<00:21:42.720> it's<00:21:43.050> it's<00:21:43.230> a<00:21:43.290> bit<00:21:43.410> about 00:21:43.610 --> 00:21:43.620 align:start position:0% terms of yes it's it's a bit about 00:21:43.620 --> 00:21:45.170 align:start position:0% terms of yes it's it's a bit about teaching<00:21:43.920> people<00:21:44.340> how<00:21:44.610> to<00:21:44.670> store<00:21:44.910> private 00:21:45.170 --> 00:21:45.180 align:start position:0% teaching people how to store private 00:21:45.180 --> 00:21:46.880 align:start position:0% teaching people how to store private keys<00:21:45.360> maybe<00:21:45.750> it's<00:21:46.170> about<00:21:46.290> doing<00:21:46.620> that<00:21:46.860> a 00:21:46.880 --> 00:21:46.890 align:start position:0% keys maybe it's about doing that a 00:21:46.890 --> 00:21:49.040 align:start position:0% keys maybe it's about doing that a little<00:21:47.310> bit<00:21:47.400> as<00:21:47.490> well<00:21:47.610> but<00:21:47.820> also<00:21:48.000> lowering<00:21:48.840> the 00:21:49.040 --> 00:21:49.050 align:start position:0% little bit as well but also lowering the 00:21:49.050 --> 00:21:51.890 align:start position:0% little bit as well but also lowering the bar<00:21:49.230> like<00:21:49.700> what's<00:21:50.700> up<00:21:50.970> I<00:21:51.210> think<00:21:51.480> what<00:21:51.750> subs 00:21:51.890 --> 00:21:51.900 align:start position:0% bar like what's up I think what subs 00:21:51.900 --> 00:21:53.720 align:start position:0% bar like what's up I think what subs might<00:21:52.080> might<00:21:52.620> go<00:21:52.830> to<00:21:52.890> example<00:21:53.250> all<00:21:53.490> the<00:21:53.550> time 00:21:53.720 --> 00:21:53.730 align:start position:0% might might go to example all the time 00:21:53.730 --> 00:21:55.220 align:start position:0% might might go to example all the time because<00:21:54.000> no<00:21:54.210> one<00:21:54.420> is<00:21:54.570> was<00:21:54.750> sending<00:21:55.080> encrypted 00:21:55.220 --> 00:21:55.230 align:start position:0% because no one is was sending encrypted 00:21:55.230 --> 00:21:57.230 align:start position:0% because no one is was sending encrypted messages<00:21:55.830> before<00:21:56.010> whatsapp<00:21:56.550> came<00:21:56.760> around<00:21:56.970> and 00:21:57.230 --> 00:21:57.240 align:start position:0% messages before whatsapp came around and 00:21:57.240 --> 00:21:59.600 align:start position:0% messages before whatsapp came around and not<00:21:57.750> no<00:21:58.080> one<00:21:58.290> knows<00:21:58.620> how<00:21:58.890> what's<00:21:59.190> up<00:21:59.340> really 00:21:59.600 --> 00:21:59.610 align:start position:0% not no one knows how what's up really 00:21:59.610 --> 00:22:02.630 align:start position:0% not no one knows how what's up really does<00:21:59.820> it<00:22:00.000> to<00:22:00.120> like<00:22:00.270> actually<00:22:01.430> encrypt<00:22:02.430> your 00:22:02.630 --> 00:22:02.640 align:start position:0% does it to like actually encrypt your 00:22:02.640 --> 00:22:04.790 align:start position:0% does it to like actually encrypt your message<00:22:03.000> and<00:22:03.390> it<00:22:03.480> appears<00:22:04.020> in<00:22:04.260> unencrypted<00:22:04.710> on 00:22:04.790 --> 00:22:04.800 align:start position:0% message and it appears in unencrypted on 00:22:04.800 --> 00:22:06.710 align:start position:0% message and it appears in unencrypted on the<00:22:04.890> other<00:22:04.980> side<00:22:05.220> they<00:22:05.850> manage<00:22:06.180> the<00:22:06.300> protocol 00:22:06.710 --> 00:22:06.720 align:start position:0% the other side they manage the protocol 00:22:06.720 --> 00:22:07.880 align:start position:0% the other side they manage the protocol like<00:22:06.810> people<00:22:07.050> don't<00:22:07.230> care<00:22:07.380> about<00:22:07.470> protocols 00:22:07.880 --> 00:22:07.890 align:start position:0% like people don't care about protocols 00:22:07.890 --> 00:22:08.990 align:start position:0% like people don't care about protocols people<00:22:08.100> care<00:22:08.250> about<00:22:08.340> products<00:22:08.760> so<00:22:08.850> if<00:22:08.940> you 00:22:08.990 --> 00:22:09.000 align:start position:0% people care about products so if you 00:22:09.000 --> 00:22:10.970 align:start position:0% people care about products so if you design<00:22:09.300> products<00:22:09.780> that<00:22:10.020> normal<00:22:10.500> people<00:22:10.650> can 00:22:10.970 --> 00:22:10.980 align:start position:0% design products that normal people can 00:22:10.980 --> 00:22:14.780 align:start position:0% design products that normal people can use<00:22:11.190> people<00:22:11.610> will<00:22:11.910> use<00:22:12.150> them<00:22:12.500> so 00:22:14.780 --> 00:22:14.790 align:start position:0% use people will use them so 00:22:14.790 --> 00:22:17.580 align:start position:0% use people will use them so yeah<00:22:15.790> we're<00:22:16.090> gonna<00:22:16.210> do<00:22:16.420> just<00:22:16.810> one<00:22:17.260> more 00:22:17.580 --> 00:22:17.590 align:start position:0% yeah we're gonna do just one more 00:22:17.590 --> 00:22:19.050 align:start position:0% yeah we're gonna do just one more question<00:22:17.890> unfortunately<00:22:18.250> and<00:22:18.880> then<00:22:18.970> we're 00:22:19.050 --> 00:22:19.060 align:start position:0% question unfortunately and then we're 00:22:19.060 --> 00:22:20.510 align:start position:0% question unfortunately and then we're gonna<00:22:19.150> move<00:22:19.270> on<00:22:19.420> and<00:22:19.600> ice<00:22:19.690> I<00:22:19.990> made<00:22:20.320> eye<00:22:20.350> contact 00:22:20.510 --> 00:22:20.520 align:start position:0% gonna move on and ice I made eye contact 00:22:20.520 --> 00:22:22.680 align:start position:0% gonna move on and ice I made eye contact it<00:22:21.520> was<00:22:21.640> actually<00:22:22.000> the<00:22:22.090> person<00:22:22.270> to<00:22:22.510> your<00:22:22.630> right 00:22:22.680 --> 00:22:22.690 align:start position:0% it was actually the person to your right 00:22:22.690 --> 00:22:31.380 align:start position:0% it was actually the person to your right haha<00:22:27.540> yes<00:22:28.540> so<00:22:28.810> you<00:22:29.140> mentioned<00:22:29.590> a<00:22:29.710> lot<00:22:30.100> of<00:22:30.390> sort 00:22:31.380 --> 00:22:31.390 align:start position:0% haha yes so you mentioned a lot of sort 00:22:31.390 --> 00:22:34.820 align:start position:0% haha yes so you mentioned a lot of sort of<00:22:32.160> philosophical<00:22:33.160> challenges<00:22:33.700> and<00:22:33.940> people 00:22:34.820 --> 00:22:34.830 align:start position:0% of philosophical challenges and people 00:22:34.830 --> 00:22:36.830 align:start position:0% of philosophical challenges and people thinking<00:22:35.830> more<00:22:36.070> you<00:22:36.400> know<00:22:36.490> at<00:22:36.640> those 00:22:36.830 --> 00:22:36.840 align:start position:0% thinking more you know at those 00:22:36.840 --> 00:22:39.360 align:start position:0% thinking more you know at those fundamental<00:22:37.840> levels<00:22:38.170> but<00:22:38.770> are<00:22:39.160> there<00:22:39.340> any 00:22:39.360 --> 00:22:39.370 align:start position:0% fundamental levels but are there any 00:22:39.370 --> 00:22:41.340 align:start position:0% fundamental levels but are there any technical<00:22:39.970> challenges<00:22:40.540> that<00:22:40.780> you<00:22:40.900> feel<00:22:41.140> you 00:22:41.340 --> 00:22:41.350 align:start position:0% technical challenges that you feel you 00:22:41.350 --> 00:22:42.720 align:start position:0% technical challenges that you feel you know<00:22:41.440> if<00:22:41.560> these<00:22:41.740> are<00:22:41.800> solved<00:22:42.280> that<00:22:42.430> it's<00:22:42.640> gonna 00:22:42.720 --> 00:22:42.730 align:start position:0% know if these are solved that it's gonna 00:22:42.730 --> 00:22:44.970 align:start position:0% know if these are solved that it's gonna take<00:22:42.970> things<00:22:43.270> to<00:22:43.450> the<00:22:43.480> next<00:22:43.570> level<00:22:44.110> for<00:22:44.770> your 00:22:44.970 --> 00:22:44.980 align:start position:0% take things to the next level for your 00:22:44.980 --> 00:22:48.840 align:start position:0% take things to the next level for your kind<00:22:45.310> of<00:22:45.370> situation<00:22:46.530> well<00:22:47.530> yeah<00:22:48.370> technical 00:22:48.840 --> 00:22:48.850 align:start position:0% kind of situation well yeah technical 00:22:48.850 --> 00:22:52.260 align:start position:0% kind of situation well yeah technical challenges<00:22:49.270> exist<00:22:49.690> first<00:22:50.590> one<00:22:50.830> is<00:22:51.060> well<00:22:52.060> when 00:22:52.260 --> 00:22:52.270 align:start position:0% challenges exist first one is well when 00:22:52.270 --> 00:22:55.140 align:start position:0% challenges exist first one is well when I<00:22:52.300> suppose<00:22:52.570> relatively<00:22:53.110> is<00:22:53.850> say<00:22:54.850> a<00:22:54.880> small 00:22:55.140 --> 00:22:55.150 align:start position:0% I suppose relatively is say a small 00:22:55.150 --> 00:22:57.630 align:start position:0% I suppose relatively is say a small country<00:22:55.300> it's<00:22:55.600> 30<00:22:56.170> million<00:22:56.590> 30<00:22:57.100> million 00:22:57.630 --> 00:22:57.640 align:start position:0% country it's 30 million 30 million 00:22:57.640 --> 00:23:00.120 align:start position:0% country it's 30 million 30 million evidence<00:22:58.270> mine<00:22:58.930> is<00:22:59.110> like<00:22:59.440> 3<00:22:59.770> million<00:22:59.980> that 00:23:00.120 --> 00:23:00.130 align:start position:0% evidence mine is like 3 million that 00:23:00.130 --> 00:23:06.840 align:start position:0% evidence mine is like 3 million that reason<00:23:00.610> to<00:23:00.730> left<00:23:00.970> and<00:23:03.000> so<00:23:04.470> I<00:23:05.470> guess<00:23:06.310> that 00:23:06.840 --> 00:23:06.850 align:start position:0% reason to left and so I guess that 00:23:06.850 --> 00:23:09.960 align:start position:0% reason to left and so I guess that there's<00:23:07.060> this<00:23:07.240> project<00:23:07.570> called<00:23:07.960> play<00:23:08.970> this 00:23:09.960 --> 00:23:09.970 align:start position:0% there's this project called play this 00:23:09.970 --> 00:23:13.590 align:start position:0% there's this project called play this project<00:23:10.420> that<00:23:10.570> has<00:23:10.720> been<00:23:12.480> developed<00:23:13.480> by<00:23:13.510> the 00:23:13.590 --> 00:23:13.600 align:start position:0% project that has been developed by the 00:23:13.600 --> 00:23:15.720 align:start position:0% project that has been developed by the pale<00:23:14.320> blue<00:23:14.500> foundation<00:23:14.920> they<00:23:15.310> want<00:23:15.520> to<00:23:15.610> do 00:23:15.720 --> 00:23:15.730 align:start position:0% pale blue foundation they want to do 00:23:15.730 --> 00:23:18.600 align:start position:0% pale blue foundation they want to do this<00:23:15.910> big<00:23:16.180> airdrop<00:23:16.720> to<00:23:16.900> Venezuelans<00:23:17.610> they 00:23:18.600 --> 00:23:18.610 align:start position:0% this big airdrop to Venezuelans they 00:23:18.610 --> 00:23:20.700 align:start position:0% this big airdrop to Venezuelans they want<00:23:18.760> to<00:23:18.850> send<00:23:19.030> millions<00:23:19.270> of<00:23:19.630> dollars<00:23:20.470> in 00:23:20.700 --> 00:23:20.710 align:start position:0% want to send millions of dollars in 00:23:20.710 --> 00:23:22.920 align:start position:0% want to send millions of dollars in bitcoin<00:23:21.220> to<00:23:21.460> Venezuelans<00:23:22.000> that<00:23:22.750> the 00:23:22.920 --> 00:23:22.930 align:start position:0% bitcoin to Venezuelans that the 00:23:22.930 --> 00:23:24.870 align:start position:0% bitcoin to Venezuelans that the technical<00:23:23.380> challenge<00:23:23.800> is<00:23:23.920> to<00:23:24.070> build<00:23:24.250> wallets 00:23:24.870 --> 00:23:24.880 align:start position:0% technical challenge is to build wallets 00:23:24.880 --> 00:23:29.490 align:start position:0% technical challenge is to build wallets that<00:23:25.630> are<00:23:26.940> censorship<00:23:27.940> resistance<00:23:28.500> resistant 00:23:29.490 --> 00:23:29.500 align:start position:0% that are censorship resistance resistant 00:23:29.500 --> 00:23:33.720 align:start position:0% that are censorship resistance resistant that<00:23:30.160> can<00:23:30.550> run<00:23:30.760> on<00:23:31.110> very<00:23:32.110> poor<00:23:33.010> hardware<00:23:33.520> so 00:23:33.720 --> 00:23:33.730 align:start position:0% that can run on very poor hardware so 00:23:33.730 --> 00:23:35.610 align:start position:0% that can run on very poor hardware so Venezuelans<00:23:34.210> have<00:23:34.330> old<00:23:34.630> phones<00:23:34.900> we're 00:23:35.610 --> 00:23:35.620 align:start position:0% Venezuelans have old phones we're 00:23:35.620 --> 00:23:41.910 align:start position:0% Venezuelans have old phones we're talking<00:23:36.010> about<00:23:36.220> Android<00:23:36.790> 4.0<00:23:39.720> phones<00:23:40.720> so<00:23:41.560> the 00:23:41.910 --> 00:23:41.920 align:start position:0% talking about Android 4.0 phones so the 00:23:41.920 --> 00:23:43.800 align:start position:0% talking about Android 4.0 phones so the technical<00:23:42.250> challenges<00:23:42.850> are<00:23:43.060> programming 00:23:43.800 --> 00:23:43.810 align:start position:0% technical challenges are programming 00:23:43.810 --> 00:23:47.880 align:start position:0% technical challenges are programming applications<00:23:45.210> wallets<00:23:46.210> that<00:23:46.840> can<00:23:47.140> run<00:23:47.530> on 00:23:47.880 --> 00:23:47.890 align:start position:0% applications wallets that can run on 00:23:47.890 --> 00:23:50.190 align:start position:0% applications wallets that can run on these<00:23:48.430> tiny<00:23:48.850> few<00:23:49.270> resources<00:23:49.870> that 00:23:50.190 --> 00:23:50.200 align:start position:0% these tiny few resources that 00:23:50.200 --> 00:23:52.770 align:start position:0% these tiny few resources that Venezuelans<00:23:50.980> have<00:23:51.130> and<00:23:51.820> keeping<00:23:52.570> stuff 00:23:52.770 --> 00:23:52.780 align:start position:0% Venezuelans have and keeping stuff 00:23:52.780 --> 00:23:54.540 align:start position:0% Venezuelans have and keeping stuff decentralized<00:23:53.410> enough<00:23:53.740> so<00:23:53.920> that<00:23:54.070> no<00:23:54.280> one<00:23:54.370> can 00:23:54.540 --> 00:23:54.550 align:start position:0% decentralized enough so that no one can 00:23:54.550 --> 00:23:56.430 align:start position:0% decentralized enough so that no one can really<00:23:54.670> stop<00:23:54.940> it<00:23:54.970> and<00:23:55.360> creating<00:23:55.930> liquidity 00:23:56.430 --> 00:23:56.440 align:start position:0% really stop it and creating liquidity 00:23:56.440 --> 00:23:58.500 align:start position:0% really stop it and creating liquidity this<00:23:56.740> is<00:23:56.800> not<00:23:56.920> it's<00:23:57.460> more<00:23:57.700> like<00:23:57.850> an<00:23:57.940> economic 00:23:58.500 --> 00:23:58.510 align:start position:0% this is not it's more like an economic 00:23:58.510 --> 00:24:02.460 align:start position:0% this is not it's more like an economic challenge<00:23:58.660> rather<00:23:59.020> than<00:23:59.410> a<00:24:01.020> technical<00:24:02.020> a 00:24:02.460 --> 00:24:02.470 align:start position:0% challenge rather than a technical a 00:24:02.470 --> 00:24:04.740 align:start position:0% challenge rather than a technical a computer<00:24:02.800> science<00:24:03.040> challenge<00:24:03.340> but<00:24:03.580> as<00:24:04.420> I<00:24:04.600> said 00:24:04.740 --> 00:24:04.750 align:start position:0% computer science challenge but as I said 00:24:04.750 --> 00:24:06.270 align:start position:0% computer science challenge but as I said I<00:24:04.780> believe<00:24:04.870> that<00:24:05.230> money<00:24:05.500> is<00:24:05.620> at<00:24:05.800> zero<00:24:06.100> point 00:24:06.270 --> 00:24:06.280 align:start position:0% I believe that money is at zero point 00:24:06.280 --> 00:24:09.420 align:start position:0% I believe that money is at zero point zero<00:24:06.420> stage<00:24:07.420> it's<00:24:07.780> it's<00:24:08.140> its<00:24:08.440> beta<00:24:08.680> it's<00:24:09.250> like 00:24:09.420 --> 00:24:09.430 align:start position:0% zero stage it's it's its beta it's like 00:24:09.430 --> 00:24:12.060 align:start position:0% zero stage it's it's its beta it's like an<00:24:09.580> experimental<00:24:10.650> cancer<00:24:11.650> treatment<00:24:11.980> for 00:24:12.060 --> 00:24:12.070 align:start position:0% an experimental cancer treatment for 00:24:12.070 --> 00:24:13.920 align:start position:0% an experimental cancer treatment for someone<00:24:12.310> who's<00:24:12.430> like<00:24:12.580> really<00:24:12.610> ill<00:24:13.030> and<00:24:13.270> it's 00:24:13.920 --> 00:24:13.930 align:start position:0% someone who's like really ill and it's 00:24:13.930 --> 00:24:15.930 align:start position:0% someone who's like really ill and it's something<00:24:14.140> that<00:24:14.320> we<00:24:15.190> might<00:24:15.370> as<00:24:15.520> well<00:24:15.550> try 00:24:15.930 --> 00:24:15.940 align:start position:0% something that we might as well try 00:24:15.940 --> 00:24:18.630 align:start position:0% something that we might as well try because<00:24:16.510> there's<00:24:17.020> no<00:24:17.200> alternative<00:24:17.320> like<00:24:17.950> some 00:24:18.630 --> 00:24:18.640 align:start position:0% because there's no alternative like some 00:24:18.640 --> 00:24:20.670 align:start position:0% because there's no alternative like some people<00:24:18.850> say<00:24:18.880> oh<00:24:19.030> it's<00:24:19.390> too<00:24:19.480> early<00:24:19.630> like<00:24:20.200> people 00:24:20.670 --> 00:24:20.680 align:start position:0% people say oh it's too early like people 00:24:20.680 --> 00:24:22.740 align:start position:0% people say oh it's too early like people don't<00:24:21.190> have<00:24:21.460> access<00:24:21.820> like<00:24:21.970> krypter<00:24:22.720> krypter 00:24:22.740 --> 00:24:22.750 align:start position:0% don't have access like krypter krypter 00:24:22.750 --> 00:24:25.590 align:start position:0% don't have access like krypter krypter is<00:24:23.290> still<00:24:23.530> in<00:24:23.950> a<00:24:23.980> very<00:24:24.340> early<00:24:24.550> stage<00:24:24.940> but<00:24:25.390> I 00:24:25.590 --> 00:24:25.600 align:start position:0% is still in a very early stage but I 00:24:25.600 --> 00:24:28.000 align:start position:0% is still in a very early stage but I really<00:24:26.350> disagree<00:24:26.530> because<00:24:27.220> there's<00:24:27.429> there's 00:24:28.000 --> 00:24:28.010 align:start position:0% really disagree because there's there's 00:24:28.010 --> 00:24:29.500 align:start position:0% really disagree because there's there's really<00:24:28.190> no<00:24:28.340> other<00:24:28.490> choices<00:24:28.910> the<00:24:29.240> way<00:24:29.330> we 00:24:29.500 --> 00:24:29.510 align:start position:0% really no other choices the way we 00:24:29.510 --> 00:24:31.720 align:start position:0% really no other choices the way we there's<00:24:29.780> this<00:24:30.380> is<00:24:30.560> the<00:24:30.740> one<00:24:31.250> shot<00:24:31.460> that<00:24:31.520> we 00:24:31.720 --> 00:24:31.730 align:start position:0% there's this is the one shot that we 00:24:31.730 --> 00:24:33.700 align:start position:0% there's this is the one shot that we have<00:24:31.940> at<00:24:32.360> trying<00:24:32.750> to<00:24:32.870> solve<00:24:33.050> the<00:24:33.170> problem<00:24:33.500> in<00:24:33.620> a 00:24:33.700 --> 00:24:33.710 align:start position:0% have at trying to solve the problem in a 00:24:33.710 --> 00:24:35.860 align:start position:0% have at trying to solve the problem in a way<00:24:33.830> that<00:24:34.100> is<00:24:34.250> peaceful<00:24:34.550> and<00:24:34.970> you<00:24:35.540> know<00:24:35.660> it 00:24:35.860 --> 00:24:35.870 align:start position:0% way that is peaceful and you know it 00:24:35.870 --> 00:24:38.380 align:start position:0% way that is peaceful and you know it gives<00:24:36.140> people<00:24:36.290> really<00:24:36.650> access<00:24:37.640> to<00:24:37.850> to 00:24:38.380 --> 00:24:38.390 align:start position:0% gives people really access to to 00:24:38.390 --> 00:24:40.900 align:start position:0% gives people really access to to monetary<00:24:38.720> systems<00:24:38.990> that<00:24:39.020> are<00:24:39.200> open<00:24:39.470> so<00:24:40.460> and 00:24:40.900 --> 00:24:40.910 align:start position:0% monetary systems that are open so and 00:24:40.910 --> 00:24:42.070 align:start position:0% monetary systems that are open so and people<00:24:41.090> already<00:24:41.330> put<00:24:41.540> up<00:24:41.570> with<00:24:41.780> a<00:24:41.810> lot<00:24:42.050> of 00:24:42.070 --> 00:24:42.080 align:start position:0% people already put up with a lot of 00:24:42.080 --> 00:24:43.420 align:start position:0% people already put up with a lot of bureaucracy<00:24:42.710> if<00:24:42.860> you<00:24:42.950> want<00:24:43.100> to<00:24:43.160> send<00:24:43.340> money 00:24:43.420 --> 00:24:43.430 align:start position:0% bureaucracy if you want to send money 00:24:43.430 --> 00:24:45.070 align:start position:0% bureaucracy if you want to send money into<00:24:43.640> the<00:24:43.730> country<00:24:44.090> you<00:24:44.270> have<00:24:44.600> to<00:24:44.930> like 00:24:45.070 --> 00:24:45.080 align:start position:0% into the country you have to like 00:24:45.080 --> 00:24:46.630 align:start position:0% into the country you have to like basically<00:24:45.380> give<00:24:45.740> the<00:24:45.890> birth<00:24:46.100> certificate<00:24:46.580> of 00:24:46.630 --> 00:24:46.640 align:start position:0% basically give the birth certificate of 00:24:46.640 --> 00:24:49.240 align:start position:0% basically give the birth certificate of your<00:24:46.730> grandmother<00:24:47.120> and<00:24:47.360> a<00:24:48.290> whole<00:24:48.950> bunch<00:24:49.190> of 00:24:49.240 --> 00:24:49.250 align:start position:0% your grandmother and a whole bunch of 00:24:49.250 --> 00:24:51.070 align:start position:0% your grandmother and a whole bunch of other<00:24:49.400> records<00:24:49.640> like<00:24:49.910> we<00:24:50.030> requisites<00:24:50.390> to<00:24:50.630> to 00:24:51.070 --> 00:24:51.080 align:start position:0% other records like we requisites to to 00:24:51.080 --> 00:24:52.840 align:start position:0% other records like we requisites to to like<00:24:51.230> be<00:24:51.380> able<00:24:51.440> to<00:24:51.710> retrieve<00:24:52.310> your<00:24:52.430> money<00:24:52.610> and 00:24:52.840 --> 00:24:52.850 align:start position:0% like be able to retrieve your money and 00:24:52.850 --> 00:24:55.030 align:start position:0% like be able to retrieve your money and then<00:24:53.270> the<00:24:53.630> government<00:24:53.930> ends<00:24:54.230> up<00:24:54.290> taking<00:24:54.440> a<00:24:54.620> 56 00:24:55.030 --> 00:24:55.040 align:start position:0% then the government ends up taking a 56 00:24:55.040 --> 00:24:58.060 align:start position:0% then the government ends up taking a 56 percent<00:24:55.400> cut<00:24:55.580> of<00:24:55.850> what<00:24:56.000> you<00:24:56.090> send<00:24:56.330> so<00:24:57.070> there 00:24:58.060 --> 00:24:58.070 align:start position:0% percent cut of what you send so there 00:24:58.070 --> 00:25:00.040 align:start position:0% percent cut of what you send so there were<00:24:58.160> bars<00:24:58.370> already<00:24:58.610> so<00:24:59.060> low<00:24:59.390> and<00:24:59.750> it's<00:24:59.900> just 00:25:00.040 --> 00:25:00.050 align:start position:0% were bars already so low and it's just 00:25:00.050 --> 00:25:01.690 align:start position:0% were bars already so low and it's just what<00:25:00.200> the<00:25:00.320> my<00:25:00.590> main<00:25:00.980> point<00:25:01.190> of<00:25:01.250> this<00:25:01.340> talk<00:25:01.520> is 00:25:01.690 --> 00:25:01.700 align:start position:0% what the my main point of this talk is 00:25:01.700 --> 00:25:03.940 align:start position:0% what the my main point of this talk is that<00:25:01.820> money<00:25:02.450> is<00:25:02.600> so<00:25:02.840> broken<00:25:03.140> in<00:25:03.470> Venezuela 00:25:03.940 --> 00:25:03.950 align:start position:0% that money is so broken in Venezuela 00:25:03.950 --> 00:25:05.680 align:start position:0% that money is so broken in Venezuela that<00:25:03.980> even<00:25:04.490> if<00:25:04.610> we<00:25:04.700> don't<00:25:04.820> have<00:25:05.090> fully 00:25:05.680 --> 00:25:05.690 align:start position:0% that even if we don't have fully 00:25:05.690 --> 00:25:07.690 align:start position:0% that even if we don't have fully functioning<00:25:06.290> money<00:25:06.500> it's<00:25:07.070> going<00:25:07.370> to<00:25:07.490> work 00:25:07.690 --> 00:25:07.700 align:start position:0% functioning money it's going to work 00:25:07.700 --> 00:25:10.420 align:start position:0% functioning money it's going to work well<00:25:08.150> enough<00:25:08.450> for<00:25:08.900> most<00:25:08.990> people<00:25:09.110> or<00:25:09.440> better<00:25:09.710> so 00:25:10.420 --> 00:25:10.430 align:start position:0% well enough for most people or better so 00:25:10.430 --> 00:25:19.760 align:start position:0% well enough for most people or better so it's<00:25:10.940> going<00:25:11.090> to<00:25:11.180> empower<00:25:11.570> them 00:25:19.760 --> 00:25:19.770 align:start position:0% 00:25:19.770 --> 00:25:21.830 align:start position:0% you