PTP: “DIGITAL INVESTMENT IN MADEIRA IS BULl#@IT FOR THE ENGLISH TO SEE”

Tobi Hughes·
Madeira News

“Digital investment in Madeira is bull#@it for the English to see.”, said the PTP- Partido Trabalhista Português, which also considers that “Bitcoin and cybersecurity is an anecdote by Miguel Albuquerque”.

In a statement sent to the newsroom, the PTP candidate, Raquel Coelho, warned of what she considered to be the “bull#@it” of the Regional Government in relation to digital innovation in Madeira.

“How do we intend to be an international reference in the digital world, even with bitcoin currency as Madeira’s trump card, if we can’t even protect our health service from computer attacks?”, he questioned.

“Albuquerque’s project on Bitcoin and digital investment was an excuse to take a vacation in Miami; what was said that Madeira was prepared was all bull#@it, the first attack was pandemonium”, she maintained.

From Jornal Madeira

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Tobi Hughes

4 Responses

  1. The indigenous IT talent on Madeira seems extremely skeptical about the government’s various initiatives, but it’s not unique to the island. The UK government has also been extremely hamfisted, often driving out smaller local businesses by putting resources into organisations that exist primarily to channel public funds rather than deliver sustainable jobs. The Portuguese government has shot itself in the foot with “digital nomad” visas that simply result in better-paid incomers pricing the local population out of the housing market and getting nothing in return. And the private sector is largely focused on value – paying considerably below the European average for IT staff – so persuading the market you have cutting-edge talent is always going to be hard, even though it does exist.

  3. She has no understanding of the potential of Bitcoin Network, that’s unfortunate. Comparing what happened on the attack of the Hospital network is a bad compression.. Other countries get attacked all the time, money should be invested in protecting the Internet and important infrastructure better. I would neve thought the Madeira is even on the map for such attack. Would be interested to know who the attackers were (i.e. Outside or Internal..) . Regardless, I find it petty that people attack others because they have different political views to a degraded level.

  4. Madeira is far better to promote its ability to house effective digital outposts of global interconnected businesses, where the attraction of Madeira’s pulchritude and local charms make it such a wonderful place to live. This can have the dual effect of improving the quality of the economy and improving services for indigenous residents and newcomers alike.

    Cryptocurrency (conceptually) is a road to nowhere. It will never be a form of real money because the primary role of money is generally in the form of debt, and definitionally crypto is meant to appreciate Vs real money. So at best, conceptually, it’s electronic gold, but it isn’t that either because unlimited cryptocurrencies can be created, no barriers to entry or supply. While Bitcoin might be an exception as the first/best, and it’s origins somewhat noble Vs some of the negatives of fiat, by and large crypto is now a shabby cul de sac of side hustlers, flim flams and outright lawlessness.

    Digital payments and protocols are very interesting, but that technology is an abstraction as compared to just promoting more generalised ‘work from anywhere’ pods of corporate activity to take root on the island as a wiser goal.

    A lot of ink gets spilled about how incomers are ruining life for locals. It’s nonsense—just ask the multitude of lawyers, engineers, architects, technicians, landscape designers seeing their incomes rise and backlogs grow. The alternative is infinitely worse. Of course more housing is needed, this is obvious and the government should address this as perhaps it’s most urgent issue.

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