If money is how humans coordinate economic energy, circuits between ourselves and society, then fiat is akin to faulty wiring responsible for lost electrons and spotty conduction in general.
To bring a bit of balance to the unfettered Bitcoiner support of Argentinian presidential candidate Javier Milei:
It's being reported that he is negotiating with many people responsible for the status quo to see who will be in his cabinet should he win the election. We're seeing how trying to work within existing fiat systems will never be the solution to separating money from the State.
I've swung from bullish to bearish on Milei's potential to bring an end to the Banco Central here in Argentina.
However, I'm undeterred in my efforts in Bitcoin education. If anything, this is putting wind in my sails that education is the way forward.
Pro-Bitcoin Argentinian presidential candidate Javier Milei is said to have lost votes in the largely Catholic northern part of the country due to his criticism of the Pope. Perhaps Argentina will vote itself back into the status quo of corrupt cantillonaire politicians
Greetings from Argentina. People can't believe that Massa garnered 35% of the vote. He's the current minister of economics. He's the one who's sat at the helm as they've printed the Argentinian peso into oblivion.
The lack of financial education in this country is the reason why these populists remain in power.
Meanwhile, the well-educated part of the population is incredulous; however, there is optimism that all the anti-peronistas will band together to give Mass and Kirchnerismo the boot.
This story isn't over, not by a long shot.
About 45% of the Argentinian vote is now accounted for. They're hoping for a 75% turnout. If the youth turn out, then Milei wins. If the geriatrics who have run the country into the ground turn out, then it'll be a run-off.
It really, really sucks watching the purchasing power of everyone around you go up in smoke. Today the Argentinian peso is at 1200:1. It was at 1000:1 yesterday. That's a 20% debasement in 24 hours against the world reserve currency.
3 weeks ago we were at 750:1. That's a 60% loss in under a month.
Pray for Argentina.
It is being widely-reported that the "official" exchange rate of the peso will be devalued from 350:1 USD to 500:1 this coming week supposedly due to the upcoming presidential elections. That's a debasement of 43%. Un-fucking believable. They'll attempt to paint it as an issue of trust in the currency, when in all reality it's because of populist bureaucrats printing the currency into oblivion.
This is why money needs to be separated from clown politicians.
In case you'd like to track the ARS/BTC pairing according to actual values (not government-manipulated figures found on many sites), follow:
This reflects the death of the peso more accurately.
Wow...it would appear as though shitloads of bots are following me on here. I thought NOSTR fixed that problem?
can be solved with lightning anti-spam measurements.
American small businesses would do well to learn how to run their business via WhatsApp like so many people do in LATAM.
Communicating with clients via platforms with a low barrier of entry are where it's at if you want to be a successful small business. And yes, I'm aware of the security concerns; it is what it is.
If WhatsApp builds in a custodial Lightning wallet into WhatsApp it'd be a killer app.
On Currency Implosion in Argentina:
The current president is now blaming the recent arrival of hyperinflation on his political rival, as if the rival had anything to do with the Banco Central printing the Argentinian peso into oblivion.
Peak-clown world activities.
Important to use this time to alert people to the problems of the fiat system. Bitcoin education is needed more than ever.
It cannot be understated how fixated the entire country of Argentina is on the fact that hyperinflation has reached the country. Broken money literally affects everyone, there's no escaping it. More than ever Argentina needs Bitcoin.
You haven't experienced hyperinflation until you watch your local currency drop 10% against the USD in one afternoon. Holy shit, the Argentinian peso is dead.
Inflation in Argentina reached 12% in September, which still seems on the conservative side with the bureaucrats cooking the books as much as possible with the presidential election looming on the horizon.
