Ethereum Foundation DevCon 6 - Opportunity & Global Impact Track, 16 Oct 2022

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From YouTube: The Past, Present and Future of Web3 in LATAM by Eduardo | Devcon Bogotá

Description

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https://archive.devcon.org/archive/watch/6/the-past-present-and-future-of-web3-in-latam/

Web 3 is here to change the world. NFTs, L2, and smart contracts are tools that people need in Latam to address economical disparity and to access a better financial ecosystem.

In my talk, I explain how latinos used crypto a few years ago, how they are using it, and how they'll use it to improve their lives through DAOs, NFTs, L2s and smartcontracts.

Speaker(s): Eduardo
Skill level: Beginner
Track: Opportunity & Global Impact
Keywords: LATAM,L2,economy

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Learn more about devcon: https://www.devcon.org/
Learn more about ethereum: https://ethereum.org/

Devcon is the Ethereum conference for developers, researchers, thinkers, and makers.
Devcon 6 was held in Bogotá, Colombia on Oct 11 - 14, 2022.
Devcon is organized and presented by the Ethereum Foundation, with the support of our sponsors. To find out more, please visit https://ethereum.foundation/

A

Hello everyone. Thank you very much for coming and I want to tell you that I am speaking with the defcon team and they told me to do this in Spanish,. I was going to give them a course in finance and economics that I ended up changing in the last 20 minutes, because I realized that I don't know anything so I would love to talk about the past, present and future of web 3 in Latam and let's go super fast,. We have 7 minutes, I want to talk about.

A

The past, Latam has had the need for a different economic system for a long time. time, and here in this graph we can see the pitupi transactions in different countries in different parts of the world. Here, latam is always in the first place, fighting with the center of Asia Because.

A

We want and are always looking for, the need for a different financial system, because the truth is that The one we have doesn't work well, so I wanted to put the image that in Latam we had always been very reactive to what is What was going on was mining,. It became fashionable in Latam a year later we began to mine until the builders arrived and built these large companies in the past and Well,.

A

There is still a notice, Lemon, buen, Beat, gravel bitcoin market in Latam and in the end they end up being these people, and we can see that they are all very intelligent But how about all of them. Men, many left studied from other parts, lived in other parts of the world and built in latam that happened in the past, because in latam there were no resources to build and learn, and do it. Everything in the country also very intelligent people, but with privileges part 2. Today, I have three.

A

This is already something much more interesting, because in Latam the most important artistic movement of the decade is being lived. Here. We are seeing how we already have political criticism. We have expressions of Latinos, saying I grow up, I believe in me, art is important, and this is where we begin to build as Latinos and start building the system that we really want. El Salvador, as we all know, ends up being the first country to have bitcoin as legal currency And.

A

This is a blockchain agnostic talk, so these are advances that we have had in Latam and we are building today in the present, and this is our big problem. The present problem is the dollar Michael, Theory and I am going to explain it to you very simply with this milkshake And. It is that the recipe for the milkshake is that the countries first have a lot of money in the pandemic. So there is a lot of liquidity and, let's think in liquidity.

A

As a liquid like milkshake, then the United States begins to raise rates and very good yields and around the world we have seen it in Europe. We have seen it with the euro. We have seen it with the yen. We have seen it here. In Latam, people in their local countries are selling their pesos,. They are selling their euros,. The United States is taking them because of the returns.

A

And, well,, who has here the straw, the cigarette of stroll that the United States and they are the ones that are taking a very strong dollar that leads us to inflation and evaluation in Latam. So things could be bad. Colombia accumulates in 2022 the highest inflation of the century. In this country,, the International Monetary Fund, warns of sustained inflation in Latam. So far in 2022. The Argentine peso is the most popular currency in the entire region,, but we always know how to turn it around and as Latinos.

A

We always find a way to move forward and we can see it continue. Fighting here, that is, bitso is finding ways to improve remittances. Lemon Cash is returning millions of pesos to Argentines, with cashbacks and well again, El Salvador looking for a very different way and is the first country that has dared to have a cryptocurrency as legal tender and, let's go to part. 3 I have two minutes So. We are going to go very quickly and it is that the future co n. All these inflation issues in Latam with the evaluation issues.

A

There is a solution And. If there is a solution, we have to ask ourselves who is going to find it, and here I put a crystal to remind me that in Latin America there is this generation of crystal, and it is that yes Yes,. We are made of glass because they are not going to find a way to solve things. The truth is that I, don't think so,, rather those of the generation of glass who build new things and concepts,.

A

Also who raise our voices of what we do not think and We also change it, those who will find it, those who do not accept no for an answer Mario,. This is in the Stream foundation and he is saying all the time that I cannot give up, because the mech would not have passed without his hands and Latin Those of us who express what we really feel are going to find the answer, and the truth is that the truth is that I don't have the answer for what is coming in the future.

A

And. If we find it Together, you.

B

Mentioned the topic of how bug helped with remittances, but I think that for people here who are not from Mexico,, it would also be a bit important for you to ask what is the income of Latin countries that comes from remittances.

A

Is between 3 and 5% of GDP So remittances are super important for all Latin countries, and then we can get into very technical issues. But in the end, Latin America has state-owned and we must find a way to do it and I think it will be the guys.