Venezuelan Protestors Take Down President Maduro’s Image By Crypto Artist Cryptograffiti
Venezuelan Protestors Take Down Maduro’s Image In Crypto Art Exhibit
A part of the people in Venezuela wants to take down president Nicolas Maduro and it looks like they have a chance do it now, at least to take down an image of him, which was created by a crypto-focused artist.
Cryptograffiti, the artist that created the piece, has used 1,000 bolivars (the local currency) to make an 11-foot by 10-foot portrait of the country’s president (a title that is currently being disputed by Nicolas Maduro and the leader of the opposition, Juan Guaidó). Now, he intends to destroy the portrait in Cucuta, Colombia.
The place set for the destruction is near the Simon Bolivar Bridge, which became a landmark as it was used by many refugees from the country, which fled due to the high inflation that Venezuela is currently facing in the last few years.
Nicolas Maduro took office in 2003 and his troubled government has faced some issues ever since but it looks like nothing was nowhere near the inflation crisis that the country has started to face two years ago. Inflation skyrocketed too much recently and people have lost all their savings in most cases.
Now, the country is facing hunger, hyperinflation and the scrutiny of the international community, which is unsure whether the government has any condition to continue. Some conflicts are also happening in the borders of the country in Brazil and Colombia, whose governments are openly anti-Maduro.
With problems like this, people from Venezuela have learned the value of Bitcoin. Even with the asset losing over 80% of its value last year, it was a great way to save money during hyperinflation like this one. The investment option got popular as Bitcoin was created to aid people in situations like this one.
“Taking Down Maduro”
Cryptograffiti, a Bitcoin enthusiast and artist, has made a partnership with AirTM, a Mexico-based crypto exchange, as well as with Cripto Conserje, a Bitcoin merchant service provider. The event will see people making donations in order to remove the bolivar notes from the mural and slowly “take down Maduro”.
According to the official reports, only two pieces of the mural will be left and they will be signed as donor prizes for the highest donor and a random winner. Cryptograffiti affirmed that this way, Venezuelans will “literally and figuratively be bringing down Maduro”.
All the event will be live-streamed and will be a part of #AirdropVenezuela. 50% of the donations will be sent to people in Venezuela. Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Zcash (ZEC), XRP and DASH will be accepted as donations. The other 50% will be used to rebuild the facilities of a foundation that helps displaced families called Fundación Renacer.
The event will include lessons about how to use crypto, knowledge that will be very valuable to Venezuelans to face the crisis. Several crypto merchants will also be attending the event.
While some Venezuelans may not have the chance to “take down Maduro” literally any time soon as they depend on forces beyond their control, it looks like at least they can participate in this event and do it figuratively.