Replying to Avatar BTC_P2P

A successful and honest #Milei admin would:

➡️ Shutter Argentina’s central bank and discontinue their peso shitcoin

➡️ Remove all capital controls including capital gains

➡️ Deregulate industries so that markets can function as needed

➡️ Slash government spending / jobs / oversight

Really this is the playbook to right-the-ship everywhere. If Milei does some or (hopefully) all of this it will set a precedent and example for other countries who have gone the opposite direction, with disastrous consequences.

The new trend is get out of the commie-gutter. #Bitcoin was the missing piece of the puzzle and the neutral / global / secure / decentralized money needed to start the trend.

Rooting for #Argentina to set a precedent 🇦🇷
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B1tR0y 2y ago

Perhaps the best option he could do is print as much of their currency as feasible to buy as much self custody #bitcoin as they can. This could actually inspire other nations to do the same and kick off #Hyperbitcoinization ! 🇦🇷 could actually be the first domino (well one with their own money printer) to fall and bring #bitcoin to become the new store of value standard for the rest of the world. 🍿

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BTC_P2P 2y ago

That would be the best thing they could do. Their money has already failed, printing to buy Bitcoin would be a gangster way to kill off the Argentinian peso. Not getting my hopes up though.

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stupleb 2y ago

That would probably kill tens of thousands of people.

Argentina would actually have to do the opposite to dollarize or bitcoinize their economy... they'd have to "buy back" the local currency to phase it out.

Which is why the coming process is going to be difficult and some are already doubting Milei.