Quote from: V-D-S on February 19, 2019, 01:28:18 AM

The average tech blogger isn't going to setup shop down there for sure because electricity is cheap... However... https://en.wikipedia.org/wiki/Chiquita_Brands_International
Chiquita Banana is a Swiss company. I'm confident starting big businesses in developing countries happens.

Granted, they have been forced to fund cartels before, they still manage to pull quite a profit since all that has blown over. The point is entrepreneurs are ready to take risks. Making fortunes is not easy however you cut it. I'm not suggesting some Montreal trader drop everything, move to S.A. and learn spanish... There are very, very, truly rich South Americans and Uzbekistanis (probably some that speak English), or there must be other non-local people with some experience there and some in crypto.

You were asking about people with experience setting mines up in other countries which I have.

I am not quite sure where you were going with the Chiquita link exactly. Its headquarters are in the UK and the US (also the company was teh successor of another american company, it is not of swiss origin, it just happens their international headquarters are located there). Of course they have south american ties since that is where the fruit that they trade in is grown and sold. This is also a billion dollar company with 20k+ employees. I dont see how you can comepare this to an entrepreneur trying to start a business in an unregulated country in an unregulated industry based in a country they know nothing about.

Obviously there are wealthy people everywhere from doing any number of thousands of different things, that does not mean that anyone starting a business in that general area is going to make it big. Also it is a little concerning how you brush aside the fact that they had to fund terrorist organizations to survive off as just part of doing business. As recently as last year it has been proven they still fund terrorists down there....which is why in my original response to you I mentioned the corruption and other south american issues are a direct red flag for anyone thinking about doing business there.

Also bitcoin itself is illegal in Bolivia, Columbia, Ecuador, and in Venezuela until recently you could be arrested and imprisoned with all of your property seized just because you were mining crypto. I dont know about you, but South America doesnt seem like the most welcoming place for this type of business, as I have previously mentioned.