Freedom. Democracy. Equality. That’s the promise of cryptocurrency. Blockchain technology was built to decentralize governments and the power of financial institutions, so why is it so appealing to authoritarian rulers? A look at how the President of Venezuela, Nicolás Maduro is creating its own crypto (the Petro) as a way to maintain his grip on power.
Like any powerful and useful technology - in the wrong hands that power can be useful in all the wrong ways.
