BD (GM) ⚡☕
Since my early days, I became a Bitcoin advocate among my family and acquaintances, I even joked about it xD! I questioned why the majority of the population, in the midst of the monetary debacle, did not choose to safeguard part of their effort and labor in the more solid refuge that Bitcoin represents. However, several barriers greatly hindered this possibility:
-In people's minds prevailed the ingrained notion that the safest option was to accumulate dollars in cash.
-The absolute lack of financial education limited their perspective of the economic scenario.
-The ruthless hyperinflation left most people with no margin to save; what little they earned was consumed in basic necessities such as food. Therefore, what little was left over for some, they opted for the safe thing: cash in dollars.
-Internet connectivity was and is not uniform throughout the country, as many areas lacked a reliable mobile signal and even experienced power outages.
-Paradoxically enough, Bitcoin's volatility scared many people, despite being considerably less than the devaluation of the national currency. However, the fear persisted.
-The constant rumor about the use of Bitcoin and cryptocurrencies in fraudulent activities also sowed distrust.
And these are just a few of the many reasons that contributed to the lack of widespread adoption.
That is why I see the long-awaited adoption as complicated, even in the face of such a screwed-up scenario.
But we must continue to guide those who want to get out of the fiat money pit. And want real #money like #Bitcoin
🇦🇷 Libertarian presidential candidate Javier Milei clinched an early victory in Argentina's primary election.
Watch nostr:npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a discuss why Milei's much talked about dollarization proposal could be the first step towards #Bitcoin and rescuing the country from hyperinflation.
🤔
Amanecido como potente hoy el banco central 😵💫🫨
Hehe... How bad was it?
:v
Just total crap! Total out of control. Imagine the currency you have devaluing 2% daily. A mess in prices every day. The complicated thing in economic calculation.
One simply looks for how to convert that currency into food or something else (dollars in cash was what most people were looking for. Despite being prohibited by the government at the time).
It "burns" to have that currency in one's hands . One wants to get rid of it.
In my case I even take Bitcoin. But despite all that. You don't see people running for shelter in Bitcoin in a hyperinflation. Very few of us did.
OpenSats is 100% pass through, we do not take a cut of donations, period. This is incredibly rare in the non profit world. Our nine person board has not and will not be paid a single sat.
Gigi is paid to run the org full time. The money for that was paid by a single donation for that specific stated purpose. He has rebuilt our processes from the ground up and made everything much more efficient.
All funds are provided to open source projects that apply and are approved by board vote. The board is intentionally nine people to reduce the impact of individual bias. We operate on simple majority. If there is a conflict of interest between a board member and a project they are expected to recuse themselves.
We will be releasing transparency reports and updates as funds are allocated. Understandable that some are frustrated with the speed of deployment but we are moving as fast as responsibly possible. Over the last two months we have announced nearly thirty grants. More will be announced soon.
Are you an open source contributor? Apply Here: https://opensats.org/apply
Good work for the ecosystem 👍.
We had hyperinflation for more than 4 years in a row and there was no great social outburst.
There were a few protests. And the rest followed the mandates of the government although with less food in their stomachs.
There is always a detail that goes unnoticed.
But we hope that all that effort will soon be completed.
The book looks extensive. Well your articles are long but they are readable. That is appreciated 👍
Buen día pipol ☕⚡
GM
GN
🥱💤💤
Cerrando canal Lightning Network de Blockstream Green Wallet https://nostr.build/av/d43205992cef46c4c63e6ca714b733f23d3648759ff4a4cdf7c746ec242737d4.mov
When al público la opción de LN en Green?
Yo empezando a ver el #anime Gundam
Modo retro :v
Así cuando reviso la sumatoria de #Zaps ⚡ que he recibido.
No es mucho, pero es trabajo honesto 😎👍
