The piece-by-piece dismantling of the bolivars by those choosing to donate crypto is meant to represent a new beginning made possible by a new form of money not controlled by any one authority.
The experiment has been making an impression on the bitcoin community; so far, Andreas Antonopoulos has been in on it, as has Twitter co-founder Jack Dorsey who took up the flame from Matt Odell.
Mexican startup Airtm will launch a campaign to raise donations for Venezuelans, a country whose poor monetary policies have plagued it with hyperinflation.
“A lot of people are sending money to their relatives in Venezuela and they want a cut of that,” Venezuelan Eduardo Gómez tells Bitcoin Magazine in an interview.
Venezuelan President Nicolas Maduro recently revealed that the nation’s oil-backed cryptocurrency, the petro, will be used as a unit of account by the state oil company PDVSA. The government is also developing a new salary system that will allow employees to receive their wages in petro funds over fiat.
