The Secret, Dangerous World of Venezuelan Bitcoin Mining
How cryptocurrency is turning socialism against itself
Four years ago, Alberto's career prospects were bleak. The 23-year-old
Venezuelan had just graduated from college with a degree in computer
science, but his nation's economy was already shredded by 13 years of
"There were job opportunities, but they paid like $20 a month, and we
were used to traveling and buying things from abroad so we couldn't
settle for that," his friend Luis recalls. Alberto and Luis—whose
names have been changed for their own safety—teamed up to start a
clothing business, but the venture floundered.
Then Alberto discovered bitcoin mining.