Ep. 59 - Internet in Cuba, Bitcoin in Venezuela

Today we have a look at how information technology is affecting life in authoritarian socialist regimes such as Cuba and Venezuela. Particularly, we discuss the introduction of 3G cellular service in Cuba, and how it has needed to compromise on allowing more connectivity to its citizens over the last decade.In the case of Venezuela, we look at how cryptocurrency (and Bitcoin in particular) is being used to work around currency controls and hyperinflation. It’s still speculative on how much this is really going on, but we talk more generally about how crypto technology can be used in a social-upheaval type situation in the future.We also check in on Twitter CEO Jack Dorsey’s recent 3.5 hour long interview on Joe Rogan. The main topic, which we have covered here in the past, is on content moderation and bias at social media companies. We round up the different viewpoints expressed and continue to provide our ongoing analysis.localmaxradio.com/59 Get full access to The Local Maximum at localmaximum.substack.com/subscribe