É Boa Pra Caramba! roughly translated means ‘amazing’ in Brazilian Portuguese. Regional Bitcoiners might be using the expression more these days after Brazil New Party presidential candidate João Amoêdo came out recently as very pro-bitcoin. Mr. Amoêdo is heading into a contentious election this October. In an interview, when asked about cryptocurrencies such as bitcoin, he thought it was neither a threat to his country’s financial system, and that it comes with certain “advantages.”
Also read: Report: 15,000 Twitter Crypto Scam Giveaway Bots
Pro Bitcoin João Amoêdo is a Candidate for President in Brazil
João Amoêdo is running for President of Brazil. He agreed to a recent interview with a regional news outlet, Portal Do Bitcoin. In it, the candidate spoke with some savvy about cryptocurrency, blockchain, and bitcoin, which politicians aren’t always known to do. He also seems to largely approve of the innovations crypto provides.
“I see the blockchain as a protocol that increases the reliability and integrity of the data,” Mr. Amoêdo, 55 explained. “There are obvious applications, such as for interbank transfers or to register as a notary. Another, not so commented, is to use the blockchain to follow the productive chain of products. No matter how much ANVISA strives, it could hardly find out where they put cardboard in the meat. With the blockchain, this would not be a problem. We could follow every step of the production chain of a product, ensuring less bureaucracy and more intelligence.”
João Dionisio Filgueira Barreto Amoêdo was an engineer prior to his political career. He founded the party under which he is running, the New Party, about a decade ago. Reportedly, he was fed up with being overtaxed, and wanted to see more privatization of government
