$1 = 2700 sats
#Bitcoin
Discussion
🇨🇦
1 CAD = 4,288 sats
1 peso 🇦🇷 = 2.94 sats
#bitcoin #Argentina #inflation 😢
The US dollar will be the same soon.
We have more than 140% of annual inflation 😢 I think our peso will be very soon 1 to 1 with sats
That's good news actually! The faster fiat loses to bitcoin, the closer we get to hyperbitcoinization.
Well, to be honest I think they are bad news here. We earn in pesos here so with this inflation everything increases its value every day. You can’t access to a credit for nothing. And this situation increase the crimes. And I don’t see any solution from the government. But I don’t want to depress anybody 😊
And that's why it's good news. Look, there's no other way around it. If you're using fiat, then suffering is a natural side-effect.
The only way to cope is to either use a different fiat (which slows down the upcoming solution) or use bitcoin (which speeds up the upcoming solution). The solution being no more fiat use.
In addition, many other countries are facing similar peoblems (Lebanon doesn't even have a currency anymore) because they're using fiat. Egypt, Nigeria, Turkey, Venezuela, Cuba etc.
It won't happen before a smashing war me thinking. US and China have 100s of thousands of coins. Theh could back their currencies to BTC worst case.
They would confiscate everything on exchanges before that and demand ridiculous tax on privately held coins.