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113 sats \ 2 replies \ @didiplaywell 10 Jul
Yeap. It's a practice extensive enough for many apps to cover the market while being economically viable: Binance, Belo, Lemon, Buenbit, Takenos, etc. Which says much since we have a relatively small population of 46 million within which the practice is still a niche. Most people can't save yet, the ones that can accumulate something usually need to spend it soon after, for which case there are dozens of fine apps that offer interest rates that roughly match inflation. And by far most people who can buy dollars will get it physically in the black market. This says a lot about how much the market can expand still.
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20 sats \ 1 reply \ @Bell_curve 10 Jul
Lyn Alden said this in 2022 in her AMA. I have heard others say the same thing: the dollar is a reliable medium of exchange in Argentina
Even in El Salvador, dollar and tether have higher velocity than bitcoin and that it ok
People can hold bitcoin and spend or barter in dollars
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13 sats \ 0 replies \ @didiplaywell 10 Jul
Of course!
Milei champions bitcoin, but as the president he is doing the right thing and will just open the game. It's up to bitcoin to prove itself, and that's up to us.
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