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26 sats \ 0 replies \ @nardo 23 Jan 2023 freebie
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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32 sats \ 0 replies \ @siggy47 23 Jan 2023
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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25 sats \ 0 replies \ @faithandcredit 23 Jan 2023
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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25 sats \ 0 replies \ @jgbtc 23 Jan 2023
Another fiat that will be debased into oblivion. How long will people keep falling for this crap?
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25 sats \ 0 replies \ @TomK 23 Jan 2023
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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25 sats \ 3 replies \ @chungkingexpress 23 Jan 2023
Just use Bitcoin?
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35 sats \ 2 replies \ @21millions 23 Jan 2023
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
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25 sats \ 1 reply \ @chungkingexpress 23 Jan 2023
Sorry to hear that. Seems like such a beautiful country and culture that it is a shame to see the money broken.
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25 sats \ 0 replies \ @21millions 24 Jan 2023
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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25 sats \ 0 replies \ @gandlaf21 23 Jan 2023
a common shitcoin*
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25 sats \ 1 reply \ @phaedrus 23 Jan 2023
Interesting. Can someone posts potential implications of this?
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25 sats \ 0 replies \ @21millions 23 Jan 2023
- More of your wealth cantillioned away
- More gov. spending (doesn't matter when you read this)
- Poorer populations (less asado🥩🍖 :'( , more "polenta"🍽️; tristeza não tem fim )
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0 sats \ 1 reply \ @ExponentialBTC OP 23 Jan 2023
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
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25 sats \ 0 replies \ @21millions 23 Jan 2023
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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5 sats \ 1 reply \ @cryptocoin 23 Jan 2023
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
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25 sats \ 0 replies \ @cryptocoin 4 Feb 2023
And also there's a video on this from Patrick Doyle:
Brazil and Argentina - A Common Currency?
#130881
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