Friday, January 4, 2019

Exploiting the blockchain - authoritarian rulers look to cryptocurrency to maintain their grip on power...

Freedom. Democracy. Equality. That’s the promise of cryptocurrency. Blockchain technology was built to decentralize governments and the power of financial institutions, so why is it so appealing to authoritarian rulers? A look at how the President of Venezuela, Nicolás Maduro is creating its own crypto (the Petro) as a way to maintain his grip on power.

Like any powerful and useful technology - in the wrong hands that power can be useful in all the wrong ways.