212 sats \ 4 replies \ @SatoshiNakanodo 24 Nov 2023 \ on: Milei backs away from dollarisation as central bank pick rejects role bitcoin
Prediction...
Dollarization will prove too difficult in the near term due to lack of dollars and inability to secure international loans. As a stop-gap, Milei will issue an immediate executive order allowing Argentines to deal in any currency they like. The Peso will quickly lose out to USD, Bitcoin and other digital currencies all used along side each other. In the end, Bitcoin kills them all.
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15 sats \ 1 reply \ @nakamoto502 26 Nov 2023
Before dollarizing he needs to liquidate "Las Leliqs", the central bank assets basically. Only after that he can lift the control prices on USD.
He needs to do that before eliminating the central bank. It's a process.
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5 sats \ 0 replies \ @elysia 26 Nov 2023
He may make 20% progress until the next person is elected. It'll be a start at least.
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2 sats \ 0 replies \ @TwoLargePizzas 25 Nov 2023
This.
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0 sats \ 0 replies \ @SatoshiNakanodo 22 Dec 2023
It’s happening (12/21/2023)…
“We ratify and confirm that in Argentina contracts can be agreed in Bitcoin. …And also any other crypto and/or species such as kilos of steer or liters of milk…”
https://bitcoinmagazine.com/business/argentinas-minister-of-foreign-affairs-affirms-bitcoin-acceptance-for-contract-agreements
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