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0 sats \ 0 replies \ @davidw OP 3 Apr 2023 \ on: Uruguay: The perfect place (as an investor/startup) bitcoin
- Uruguay has an unusually stable political and monetary system
- Big neighbors, big opportunity — Brazil and Argentina are Uruguay’s immediate neighbors. A massive and medium sized market with great talent, venture capital, and research universities.
- No Industrial Revolution hangover — This is a leapfrog opportunity for Uruguay which never experienced a 20th century Industrial Revolution like its neighbors, in many ways its economy is still driven by farm agriculture and cottage industry. While this was a grave disadvantage in the last century, for the next it will be an advantage with no dominant industries or political arrangements to untangle.
- The result is near total energy independence, a renewable energy mix of over 73% and advanced public consciousness on the topic
- Microsoft AI Research Labs in Uruguay — Microsoft established one of its three cutting edge AI research labs in Uruguay in 2022, while the other two are based in Shanghai and Germany (arguably more predictable locations).