Imagine coming up with a pejorative term for people who simply want to use the best money ever invented?
I choose not to acknowledge the verbiage nor fuel the negative connotations perpetuated by people acting in bad faith. #bitcoin
The piece of legislation that was drafted in Argentina in a kangaroo court-like manner should be viewed as a giant nothingburger in the grand scheme of things.
This will go down in history as yet another feckless fiat structure (the Argentinian Central Bank) unsuccessfully attempting to control an open protocol, akin to the CCP’s Great Firewall that people are effortlessly bypassing as we speak.
For the kids in the back, the US debt ceiling is the equivalent of handing the US government (akin to a teenager in their budgeting acumen) a credit and allowing them to determine the spending limit. We hit that limit every year and then we let the teenagers determine if they want to keep buying all sorts of bullshit or not.
When I read, “international development” all I see is IMF and/or WEF money laundring and/or economic terrorism.
“Confessions of an Economic Hitman” is a great read on the subject and why I think the death of the petrodollar will be the best thing ever for LATAM.
Closing on selling my house today; it’s all going into BTC. I am that guy.
…oh, and I’m a mortgage broker.
Bitcoin, AI, Nostr. My brain is going a million miles an hour these days. I don’t think AI is the end of humanity…just putting that out there. BUT…shit’s about to change big-time sooner than later. Buckle up.
Using a word salad containing “get inflation down” is a pretty surefire way for me to tune you out forever. Keynesian bullshit.
No doubt. The FDIC is lying through their teeth in supposedly backstopping the entire system and normies are choosing to believe. Doing my best to explain the current state of affairs to loved ones w/o coming across as a lunatic.
The thing about a bank run in the age of digital fiat is that they can happen in an instant. I venture to say the average daily limits on withdrawals are plummeting as we speak across the banking industry.
Domestic prices of oil/gas in Argentina aren’t keeping pace with inflation.
Argentinian industry insiders warn of gas/petrol stations closing across the country if their costs aren’t covered.
When money dies.
Bitcoin fixes this (sorry not sorry).
If the incumbent party in Argentina wants any chance at all at defeating pro-dollarization Milei (and pro-Bitcoin), dollarization should happen before the election at the end of the year.
Convince me that the ordinals sale wasn’t a lame cash grab looking for a bigger fool to sell to, then. Attemping to argue that there is an element of benevolence and “bitcoin for all” to this is simply untrue.
This is inherently shitcoinery at it’s purest. Stop shitcoining, Bitcoin Magazine.
The Argentinian peso has now reached an exchange rate of 500:1 with USD in Buenos Aires (typically the inflationary tip of the spear in Argentina…the rest of the country lags behind as economies are simply a couple steps behind)
10 days ago the exchange rate was hovering around 400:1.
When money dies.
Loving iris for Mac desktop. Honestly crazy how quickly UX/UI is advancing in the Nostr world. Bravo!