About Devcon

Living On Defi

Living in Argentina but getting paid in Dai, I can access financial systems that are usually not available to us. I want to show how Ethereum's DeFi movement has been working fine for the last 2 years, by leveraging Dai and secondary lending platforms, and how that is changing the financial reality for people in developing economies. Someone in South America getting paid in crypto can access more stable currencies than their local ones, with better interest rates, and this is all happening right now, and scaling right now.

Money At The Edge: How People Stay Afloat in Venezuela

The Open Money Initiative has gone into the field to understand how Venezuelans survive in the midst of heavy capital controls, criminalization of free markets, and hyperinflation. We'll share stories from places like Cúcuta, where worthless bills are used as art and home decor, and Caracas, where individuals are saving in bitcoin, trading it for local currency only at times of essential purchases. We'll discuss concepts for products and services in places where regimes have a tight grip on society, and how they relate to cryptocurrency.

Money is the killer Ðapp: crypto in Venezuela

We want to talk about real-world cryptocurrency use in avoiding forex controls, preserving one's wealth while fleeing an authoritarian regime, and escaping hyperinflation. Venezuela is in a deep economic crisis of its own making: relentless money printing and disastrous fiscal policies have brought the country to the edge of collapse. Eduardo will tell his own story of people using cryptocurrency as an unstoppable store of value and medium of exchange. Alejandro will recount how the crypto community, including projects like Zcash, BitcoinVenezuela.com, and MakerDAO, are researching how to allow Venezuelans to gain access to open money that, unlike the dying bolívar, will not consistently depreciate 50%+ each month, and that anybody could use.