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Argentina was once one of the richest countries in the Americas, and in the world. One hundred years ago in Paris, the phrase “rich as an Argentine” was a common phrase. Now, not so much.
Today, Argentina is a country plagued by the whims of corrupt bureaucrats and central bankers. Over the last 60 years, the Argentine peso has been devalued 4 times, now being worth approximately one ten trillionth of what it was worth. Because of this, when Argentinians such as Rodolfo Andragnes heard of Bitcoin, they were particularly receptive to the idea of sound money with no central point of failure – no corrupt bankers that could steal or print their wealth away. These ideas captured the imagination of Andragnes, and in 2013 he decided to start the first Latin American Bitcoin Conference, Labitconf.
Many Latin Americans are excited at the possibilities that it offers, perhaps giving Venezuelans a way to escape the hyper-inflation of the Bolívar, and giving favela-dwellers in the depths of urban sprawling Rio de Janiero an opportunity to build a reputation, trade outside of their direct communities, and grow real wealth.
In this episode, we describe our arrival in Mexico City to attend the third Latin American Bitcoin Conference, and talk about what we expect to happen at the event, and all the interesting speakers we hope to interview.