---
title: "What Bitcoin Did: Escaping Hyperinflation with Mauricio Di Bartolomeo"
type: "post"
post_id: "10814"
slug: "what-bitcoin-did-escaping-hyperinflation-with-mauricio-di-bartolomeo"
canonical: "https://bombthrower.com/what-bitcoin-did-escaping-hyperinflation-with-mauricio-di-bartolomeo/"
markdown_url: "https://bombthrower.com/what-bitcoin-did-escaping-hyperinflation-with-mauricio-di-bartolomeo.md"
json_url: "https://bombthrower.com/what-bitcoin-did-escaping-hyperinflation-with-mauricio-di-bartolomeo.json"
txt_url: "https://bombthrower.com/what-bitcoin-did-escaping-hyperinflation-with-mauricio-di-bartolomeo.txt"
published: "2024-08-10T02:28:28+00:00"
modified: "2024-09-13T15:47:53+00:00"
author: "Mark E. Jeftovic"
categories:
  - "Zeitgeist"
tags:
site_name: "Mark E. Jeftovic is The Bombthrower"
publisher: ""
language: "en-US"
generator: "easyPress Markdown"
generator_version: "1.0.4"
---
Summary
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#### Bitcoin and other digital currencies can serve as a lifeline for people in countries experiencing economic turmoil and hyperinflation, providing a way to protect their wealth and escape government control.

### Bitcoin as a lifeline in economic turmoil

- Mauricio Di Bartolomeo shares a personal story of escaping hyperinflation in Venezuela through Bitcoin mining with his family.
- Families in Venezuela had to make heartbreaking decisions about which children to send away due to economic hardship.
- The experience in Venezuela made it clear that Bitcoin could be a lifeline for people in countries experiencing economic turmoil.
- The revolution of connecting things into a power outlet to produce hard money was a game-changer in the context of hyperinflation.
- Inflation and hyperinflation are two different things entirely, with hyperinflation causing catastrophic consequences for both individuals and the nation as a whole.
- Capital controls make it impossible to convert local currency into dollars, causing a complete loss of trust in the government’s ability to steer the economy.
- Venezuelans found Bitcoin in hyperinflation, where they have to work to get rid of their money before it becomes worthless.
- At 200% inflation, the frog doesn’t even want to touch the water, they’re like get me out of this water.
- The introduction of stable coins was a game changer, providing a digital dollar that can be self-custodied without the need for a bank account.

### Government oppression and seizure during hyperinflation

- The government forcefully stealing people’s mining machines during hyperinflation is a terrifying reality for many.
- In a place with no rule of law, you are either a hammer or a nail, and there are very few options for you if you become the nail.
- The government’s portrayal of miners as criminals during the seizure was unjust and exaggerated.