Econintech is a libertarian think tank in Venezuela, one of the only of its kind. They were the first organization to promote Bitcoin as a means of helping combat hyperinflation and advocate for free markets and sound banking. I had the pleasure of interviewing Dr. Rafael Acevedo and Luis Cirocco, the founders of Econintech, alongside 71 Republic’s Vice President of Operations, Indri Schaelicke, at the Mises Institute in Auburn, Alabama. We discussed the roles of Bitcoin and gun control in the Venezuelan crisis, what Americans can do to help, and whether or not there is any glimmer of hope for the socialist country. A transcript (lightly edited for clarity) and audio file of the interview are both below.
The days where people could freely mine and use cryptocurrencies in India may be over. According to reports, a committee has advised the Indian government to ban the use of cryptocurrencies inside their territory. Without a doubt, dark days lie ahead for Indian enthusiasts.
On Wednesday, July 17, the United States finally put away Joaquin “El Chapo” Guzman, for good. The drug kingpin had an extensive criminal history, with convictions ranging from mass distribution of cocaine to conspiracy to murder 26 people and groups. Since a judge found him guilty in February, he has been in detention in Manhattan. At the hearing, he complained about the inhumane treatment that the feds gave him while awaiting his grim fate. He specifically noted that he was “denied access to air and sunlight and was “forced to drink unsanitary water”. But compared to the peaceful libertarian entrepreneur and Silk Road creator Ross Ulbricht, El Chapo got off easy.
I can vividly remember learning about Bitcoin for the first time. It had become just popular enough to reach my bubble of the Internet. Like many others, it was first presented to me with the typical gloom and austere that a plague primed to unleash a hoard of criminal boogeymen across the globe should carry. Also similar to the experience of many others, I felt a “click” with each idea I read, and each dismissive criticism I heard rebutted. This was not a byproduct of the short-life high-noise startup scene that had been running rampant, I thought, this was different.
The government is often touted as an entity that guarantees the freedom of its citizens. But the United States’ incarceration rate continues to soar. Today, the country hosts nearly 25% of the world’s prisoners despite having less than 5% of the world’s population. Meanwhile, privacy has become moot as location tracking and unmarked police vehicles become the norm. The government has done nothing to stop this, often passing laws to further restrict freedom.
Luckily, there are some individuals who took it upon their own shoulders to fight for the rights of free people to do as they please. In the past ten years alone, these three individuals have done more to guarantee your freedom than the entire United States government has done in 50 years.