Venezuela holds the largest known oil reserve in the world and has become an international financial chess match.
Chavez, followed by Maduro’s socialist, has been part of the Russian, China block and in pursuit of BRICS ally. Chavez paid off the IMF (he had Mahathir’s vibe of no IMF, no US - but Mahathir went with the Islam ally and Chavez went with the Socialist group) .
However, due to lack of market reforms, Venenzuela remains largely in debts with China, Russia, and private debtors, bonds etc.
The US and 50 other countries were not happy Venenzuela did not pick them, so they did what they always do when things don’t go their way and sanctioned the country.
This is to pressure the regime and support opposition figures (back then) Juan Guaidó and redirect state oil funds to the right wing party.
(Note - Oil revenues generally fall under federal control, even though the resources are extracted from state territories. Federal authorities often withhold these funds esp if the states are governed by opposition parties. Very similar to Mahathir’s time too.)
This sanction impacted the country severely as Maduro and gang did not diversify the economy - no market reforms nor social reforms. They were dependent on oil revenue only - big mistake - huge.
The people are tired of a 20 year regime giving handouts instead of building the country. They want change.
So yea, it has a lot of influence from various factors and everything is helter skelter right now. But Venezuela is ripe for regime change and economic diversification.
Maybe Maria Corina Machado is an ally of the US, I won't be surprised. Like Mahathir vs Anwar, Anwar and many who supported him were funded and trained from various US NGOs for years. And similarly, it was to end a Mahathir's 20 yrs regime that would not support the US - but the people could not tolerate the Mahathir dictatorship anymore and it took many riots and tear gassing. Then again its back to square one as Anwar is curbing freedom of expression dictatorial style and aligning publicly with Brics, so who knows.
And here is where Bitcoin really matters. I know this sounds like such a cliche “Bitcoin fixes this” ending but it is incredibly important to have an impartial global currency.
One that Venezuela can trade with the US and Russia without offending one or the other. Right now, Venezuela is stuck and is forced to pick sides.
But it is also incredible that the people are rising and saying enough is enough. This is when the people lead and hopefully governments follow.
There are no direct answers to your questions but i hope this helps
haha nope, but Japan is leading! was just catching up with gymnastics and swimming, so good!
i'm so sorry for what's happening. Love the fight and passion by the people. With you in spirit, but pls stay safe.
this is great, love the energy and vibe!
that's sweet. tho everyone wants to build something for the world. easier to start small, make it work somewhere, learn from mistakes then grow a little bit bigger.
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who are you building this for ? and where can you find them ?
sometimes its the simple questions that gets overlooked
i'm sorry you think that way. Everybody matters
This is why Nostr is important as the world becomes more repressive. It provides a place to express freely and helps maintain privacy in digital footprints. Malaysia is a beautiful country with great people and awesome food, but it also has harsh sedition laws that can lead up to 20 years in prison for dissenters, and its often misused by the ruling governments.
it's ok. often times the more you know, the more you know what you don't know. when you look back, you may laugh at how confident you were back then, knowing what you know today. And what you know tmr will be more than what you know today. Knowledge and experience is always accumulating, always compounding. When you know what you know and what you don't know, then you will be able to answer your question. reflections are often a wonderful thing ❤️🫂
The only thing more dangerous than ignorance is arrogance — Albert Einstein
Well done is better than well said — Benjamin Franklin
🫂 the journey might be adventurous but knowledge learnt along along diff paths compounds❤️
New transcription from #Bitcoin #Atlantis 2024 just dropped. "Crossing The Chasm" with nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z, nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a, nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m, and nostr:npub1d3f4m9dgvkdjxn26pqzsxn6lpfn78sxwllxyt8mp76q0a9zyyjlswhr4xv https://bitlyrics.co/transcripts/crossing-the-chasm/
anyone here has ran bitcoin related startups (real bitcoin tech innovations) and crossed the chasm on mainstream user adoption ? Irony that saylor is borrowing Geoffrey Moore's line when it seems fitting given he is against entrepreneurship on bitcoin usage as money. Irony that no actual bitcoin entrepreneurs who are expanding user adoption globally through their tech innovation are sitting on this panel.
Haha, I was having my Maxwell moment last week - his 19th century rf, emf equations are today used from mega power towers, hydro turbine, wind turbines, airplane, MRIs down to a tiny 1mm gyroscope. Just wild.
My antennas are in milimetre range, yours is 36 meters long, the diff is a 50 yrs age gap lol! But very cool, very retro. Have fun!
true, good grounding and impedance matching makes a lot of diff. but wow, these are like conversations from a diff era lol.
man that must be a really really long dipole - 10 metres ? the birds are going to enjoy their new hangout spot lol =) the only time i built dipole was at 6GHz, 6cm i think, on a pcb substrate. Why not loop ? you cover a wider range of freq. Or if you must do old school, a yagi uda ? Well, at least you are at low freq, but path breakage and return loss can be a pain in the long run. 30dB signal to noise ratio is very nice too. hope you've got a good filter - harmonics and third order intermodulations can get quite disruptive
