Unpopular Opinion: Javier Milei should not give up their money printer but should use it to print (aka buy) #bitcoin straight into a multisig cold storage addresses for the people of 🇦🇷. IMO ditching the 🇦🇷 money 🖨 for the USD 🖨 eliminates your national sovereignty.
Discussion
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Yeah, going to USD is stupid.
Jump to BTC straight away.
They don't need their money printer though, they have plenty of natural resources to get BTC out of.
In my opinion anyone who is willing to sell #Bitcoin for Fiat deserves exactly what they get. That being the case, why not let them print and let the fools who will part with their freedom money (#bitcoin) learn the hard way.
This action action alone could spur other nations with seigniorage rights to do the same and would help ignite #Hyperbitcoinization and end the fiat standard pushing towards the ultimate goal of the separation of (all) states from currency. Or at least minimizing it to the extent where their political currency units are fully redeemable for a fixed amount of Bitcoin and thus minimizing their ability to print unchecked which is the likely end game. Just my 2 sats.
Because no reasonable person would sell BTC for Peso, if the goal is explicitly to drop the Peso. That is the main reason why it is stupid.
If there's a market then let it be done. If not then the currency is already worthless but obviously that's not the case as you can still trade 🇦🇷 peso for USD and then USD to #BTC so then at this point they (the Argentine people) still can use their political currency to buy the hardest asset that humanity has ever known, #bitcoin
Followed #plebchain