“What if Argentines could outsource the record-keeping system underpinning their payments and value exchanges to a decentralized network that's controlled not by mistrusted human institutions but by a common, censorship-resistant, math-driven protocol?” https://t.co/DfkzNmMQEr
RT @mikejcasey: The way I see it, Argentina has tried every orthodox economic solution in the book, and failed. @santisiri's proposal gives them a modest way to step outside that orthodoxy and signal that they are trying something new. https://t.co/ifkT86wAiP cc @EMostaque
The way I see it, Argentina has tried every orthodox economic solution in the book, and failed. @santisiri's proposal gives them a modest way to step outside that orthodoxy and signal that they are trying something new. https://t.co/ifkT86wAiP cc @EMostaque
I think i get your point, yes btc is now a trend solution for the country's economy. If government of argentina allows btc to their country and nothing new or good is happen. It is always depends on the govt and the people living in the said country
Im from argentina , our goverment is one of the most corrupted of the world , the dolar equals 40$ pesos argentinos , and we have a high inflation , 42% since january. But the currency is not the problem , the real problem is the politics of the goverments that governed in the last years
No, it will not. Argentina troubles come deeply from a power struggle within factions from left, right, and it will be solved by a long due civil war. Is a problematic that needs to be solved by bloodshed, not technology.
I don’t know that it will be bloodshed, but if the currency collapses there will certainly be plenty of suffering. And all the people protesting in the streets to save a few percentage points of pensions or not reduce school budgets will realize they’ve been griping for a better meal on the Titanic.
I have to be honest, the desire to believe fiction here is just astonishing. And they really believe it, completely. And you just can’t argue any kind of science with them.
I just think there is a mix of an established history now of rent seeking mixed with subconscious terror of what’s coming. I think deep down they know better. And the only thing that’s going to stop at his continued intervention by the IMF and other world entities. If they wear out that welcome though, wow, watch out.
> Is a problematic that needs to be solved by bloodshed, not technology.
Bloodshed is itself a problem, not a solution. Technology is itself a solution, though technology as a solution to one problem can cause new problems.
You’ll be happy. Lots of places the prices haven’t caught up to the rise of the dollar. Like today I walked around and usually video game cost double but I was able to get it for like only 30% more. But that’s imported goods. Everything can be and often I s ridiculously cheap. Slices of pizza for under a dollar, I eat like amazing steaks or American barbecue better than back home with sides for like five bucks, six bucks, etc.
As soon as any central bank holds a single Bitcoin we will be in totally new territory. That would be the starting gun for commercial banks to step in, along with investment funds and pensions. That a central banker is even talking about it is extraordinary - these people take pride in their inscrutability and almost always speak in coded language.
Add in the EU's announcement today that they will perform a regulatory assessment because crypto assets are here to stay and I think the future is rosy (even if the markets are awash in red ink right now).
A lot of the small kioscos and chinese markets run out of products when it gets even sorta bad, which is where everyone gets the things the live off of. The normal person, even when they have foreign currency, has to take trips to buy stuff with dollars and there are still shortages. I think you are right that the denomination isn't really the problem there.
As it has been and as it will always be in Argentina, the root cause for their problems is the socialism.
At one time, they were the most wealthy nation in the Western Hemisphere. Then they got the socialist bug and never recovered from the illness.
Doesn't help the government keeps accepting World Bank and IMF loans at untenable rates and draconian conditions.
It's sad really, almost every Latin American nation has been through the socialism rounds at least once or twice, only to decide it wasn't done right and fall for it again.
Beginning to think it's an IQ problem, hence the socialist push for a plurality of third worlders in the west to tip the scales.
Hodling doesn't do shit for the economic value. Use of Bitcoin in the real world economy is the only way it achieves value. It's the only way ANYTHING is assigned a value.
There were hundreds of hodlers in early 2010. It wasn't until Laszlo Hanyecz traded 10,000 for a couple of pizzas that there was a definable value to it.