I think we (argies) are just one more hiperinflation away from hiperbitconization.
This may seem far-fetched for people whose money is a little better than Monopoly's 🧐 money but here in not that far away. In 20y I've seen prices multiplyed by a factor of 200x at minimum
Never mind, that is the main reason why I think Bitcoin will catch up like wild fire here! Is not a coincidence that some well know wallets are from argentine devs like muun.
The link for this post is using an archive for the article on FT's website. An archive has no paywall, no subscription requirement, and can be easier to read. The original article, on FT's website is:
Fore those who don't like paywalls you can use "12ft.io is like "show me a 10ft wall and I'll show you a 12ft ladder". I'll say that works 80% of the time, really simple, just add "12ft.io/" before the link of the page.
Just use Bitcoin?
I think we (argies) are just one more hiperinflation away from hiperbitconization.
This may seem far-fetched for people whose money is a little better than Monopoly's 🧐 money but here in not that far away. In 20y I've seen prices multiplyed by a factor of 200x at minimum
Sorry to hear that. Seems like such a beautiful country and culture that it is a shame to see the money broken.
Never mind, that is the main reason why I think Bitcoin will catch up like wild fire here! Is not a coincidence that some well know wallets are from argentine devs like muun.
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With their track record, Argentina and Brazil should produce a currency even worse than the US dollar once they have their own printing press.
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Interesting. Can someone posts potential implications of this?
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The bad thing is: Inflation is going sky high for us down here
The good thing is: Bitcoin adoption is probably about to go sky high down here too!
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A step in the right direction. It's like it now requires two signatures instead of one to print money. But let's see.
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Another fiat that will be debased into oblivion. How long will people keep falling for this crap?
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Minus x Minus doesn't actually end up positive in monetary policy. Good that the young generation in both countries seem to understand BTC...
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a common shitcoin*
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See also another post, found here on SN, with discussion on this event and this article:
De-Dollarization Gets Some More Steam
#125397
And also see anther article on this topic:
Brazil and Argentina preparing new Latin American currency
#125616
https://geopoliticaleconomy.com/2023/01/22/brazil-argentina-latin-american-currency-dollar
And also there's a video on this from Patrick Doyle:
Brazil and Argentina - A Common Currency?
#130881
https://www.youtube.com/watch?v=e4H5X4fjq90
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The link for this post is using an archive for the article on FT's website. An archive has no paywall, no subscription requirement, and can be easier to read. The original article, on FT's website is:
Brazil and Argentina to start preparations for a common currency
https://www.ft.com/content/5347d263-7f24-4966-8da4-79485d1287b4
Fore those who don't like paywalls you can use "12ft.io is like "show me a 10ft wall and I'll show you a 12ft ladder". I'll say that works 80% of the time, really simple, just add "12ft.io/" before the link of the page.
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