It should be noted that Javier Milei, Argentinian presidential frontrunner did not mention dollarization once in the presidential debates on Sunday night. That is because he's simply advocating for elimination of the Central Bank and the ensuing currency competition. There's a difference between pushing for a certain solution and allowing the citizens to transact in the money they wish to use. That's what real democracy looks like. Of course dollarization is a foregone conclusion, but this allows Argentinians the freedom to be financially nimble and transact how they choose.
Will the USD be the world's last fiat global reserve currency?
Argentinian presidential candidate Sergio Massa's best solution to the crippling inflation is to create a "digital peso."
This is the definition of insanity, when you simply do the same thing over and over hoping for a different outcome.
There is evidence everywhere of the current Argentinian administration doing everything within it's power to close off its citizens from the outside financial world. Currency manipulation at its worst. Dollarization is inevitable, but this is a short-term solution. Biticoin is the endgame. Separating money from government has to happen.
Argentina is infected with Stockholm Syndrome. There millions of people who are doing everything in their power to dollarize, but still vote to re-elect corrupt politicians who are crushing attempts to opt out of the worthless peso. It's honestly fascinating to witness. The cognitive dissonance is staggering.
Day 1 back in-country in Argentina after 7 years abroad. Lots of emotions and observations arriving to a country in the midst of it's worst-ever financial crisis. Motivated AF to educate people on the separation of money from government. LFG
"Bitcoin incentivizes cooperation."
-John Dennehy on the need for Bitcoiners to support Bitcoin education
For years the Argentinian government has regulated the price of the Big Mac in order to maintain the appearance that they haven't printed the Argentinian peso into oblivion. If you're not familiar with the Big Mac Index, then I urge you to go down that rabbit hole, it's a fun one. If this is the level of petty deceipt corrupt politicians and bankers devote their time to in a public-facing manner, imagine what's going on behind the scenes.
The USD hasn't gained ground on the Argentinian peso whatsoever this month, in case you're wondering where inflation's really at.
(inflation of the ARS this past month came in at just under 13% FOR THE MONTH OF AUGUST, NOT YEAR OVER YEAR)
Argentina just passed a law where the government will reimburse you for the sales tax you’ve paid on groceries if you earn under a bureaucratically-determined amount. The problem is that everyone knows how to game the system so that they look poverty-stricken on paper. Yet another ass-backwards measure taken by populists trying to buy votes. This is why we need to separate the money from the State.
Celebrity worship is cringe AF.
The SEC is in the business of telling people that they can’t create legal tender out of thin air. The SEC can’t go after anyone when it comes to Bitcoin.
This is how I explain securities and commodities to normies.
Just had an orange pill convo with my handyman here in Mexico City. He’s in his 60s and immediately grasped the need to separate money from government. Bullish AF on LATAM.
SUPPORT BITCOIN EDUCATION IN LATIN AMERICA!
I think a lot about the lady who I met six years ago in Denver who dumped her life savings into ADA. I hope she’s OK. This is why securities law matters. She was fed a slew of lies by conmen. Unsophisticated, gullible retail investors deserve transparency and proper disclosures, not to mention protection from the moon boi scammers.
Javier Milei is now calling out the Catholic Church for its BS. No corrupt institution is safe with this man. If he gets elected next month South America will never be the same, one way or another.
Fiat currency is the currency of war.
Drivechains are DOA. Take your VC bullshit elsewhere.
“Information does not just want to be free, it longs to be free. Information expands to fill the available storage space. Information is Rumor's younger, stronger cousin; Information is fleeter of foot, has more eyes, knows more, and understands less than Rumor.”
@Gigi
Eric Hughes, A Cypherpunk's Manifesto
Pushback to BRICS inclusion in Argentina is extremely based: people are wondering what in the world binds these different nations and how long the bond would last (if this project even gets off the ground).
Opposition to the current administration are quickly seeing through Alberto Fernandez’s feckless attempt to provide a narrative that purports a path out of inflation.
