The Right Coast

Editor: Thomas A. Smith
University of San Diego
School of Law

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Wednesday, February 15, 2017

The Secret, Dangerous World of Venezuelan Bitcoin Mining - Reason.com

Four years ago, Alberto's career prospects were bleak. The 23-year-old Venezuelan had just graduated from college with a degree in computer science, but his nation's economy was already shredded by 13 years of socialism.

"There were job opportunities, but they paid like $20 a month, and we were used to traveling and buying things from abroad so we couldn't settle for that," his friend Luis recalls. Alberto and Luis—whose names have been changed for their own safety—teamed up to start a clothing business, but the venture floundered.

Then Alberto discovered bitcoin mining.

via reason.com

Unbelievable story.

http://rightcoast.typepad.com/rightcoast/2017/02/the-secret-dangerous-world-of-venezuelan-bitcoin-mining-reasoncom.html

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