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RunningBitcorn
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Boots on the ground Bitcoin and other freedom things from Argentina. Support Bitcoin Education in Argentina!

Latest polls in Argentina have the presidential run-off at 50/50 between the Keynesian populist clown Sergio Massa, the current economic minister, and pro-Bitcoin Austrian economist Javier Milei.

Regardless, I am undeterred in the urgency and necessity of launching Bitcoin education here.

Stay tuned...

I witnessed a rather swift eviction of a couple of homeless junkies yesterday in Microcentro Buenos Aires. They were pitchforked out of their squalor in a matter of minutes. Rude awakening especially if you're strung out on paco. A surefire sign that elections are in full tilt. Enforcement will go back to being lax afterwards because the government is just as broke as those junkies they're sweeping under the rug. The government is comprised of fiat junkies. They couldn't quit debasing the money for their personal agendas if they tried.

Argentinians are doing their best to escape the crushing inflation caused by rampant printing of the peso:

What they'll do is load up on purchases with their credit cards at the beginning of the month and then hope to pay at cheaper prices in USD terms at the end of the month.

Thus, the peso goes through mini-monthly cycles of boom and bust.

For example, had I attempted to exchange USD for pesos merely a week ago, I would've received 10% less pesos for my dollars, so it behooves me to time my rent payment accordingly.

When money breaks.

Orange-pilled an Argentinian pornstar today.

"May you always live in interesting times."

-Chinese proverb (that's more of a backhanded compliment depending on who you talk to)

DM me if you're going to LaBitconf in Buenos Aires this coming weekend.

Mandáme MP si te vas a LaBitconf el finde que viene en BsAs!

Buenos Aires. Would be a fraction of the cost of the same event held in Tokyo. Big-time bang for your cuck buck.

To be honest if Sergio Massa wins I don't see a way out of completely economic disaster for Argentina. Venezuela 2.0. Not being hyperbolic: this is how backwards the Argentinian government is at the moment, and a win from Massa would guarantee a prolonging of the status quo. Hyperinflation is irreversible and dollarization is the only near-term solution.

Best practices for cybersecurity at a Bitcon conference?

Argentinian presidential candidate Sergio Massa tweeted out a short blip about how he's meeting with delivery drivers to converse about their working conditions, appear to be pro-worker. He's actively devaluing their hard day's work with fiscally backwards policies.

He's buying votes and it's on full display. It's even more concerning that these workers are clearly unaware of what monetary expansion does to the purchasing power of their currency. These are the people that are affected most by fiat corruption.

No sirve en Argentina. No sé xq anunciaron que habían llegado a Argentina, la verdad.

Who's going to LaBitconf?

Reach out via DM if you or anyone you know is going to be attending LaBitconf in Buenos Aires next week. I will be networking like a mofo for the launch of Mi Primer Bitcoin's first node in Argentina. It's now or never for this country. STUDY BITCOIN

I think it's about time to go public with my long-held doomsday opinion that the United States is a prime candidate to turn into Yugoslavia 2.0. There's a lot more guns this time, though.

Not to sound like an alarmist, but if Massa wins the presidential election in Argentina I'm not sure I see a way of the country ending up like Venezuela 2.0; that is, unless he adopts an El Salvador-like strategy of accepting the world's strongest fiat along with the future of money.

Things are by no means perfect in El Salvador, but the financial infrastructure for the country to thrive has been laid in place. The blueprint could be easily copied by either winning candidate, to be honest.

Argentinians would also be wise to study the case study of Ecuador's dollarization 20 years ago. Argentina can convert a lot faster, no doubt.

Huge swathes of the Argentinian economy are at a hault, namely in the real estate sector, due to owners/landlords frozen by fear of what will happen to the argentinian peso. Current rental law forces landlords to enter into a three-year lease denominated in the quickly dying peso, with trimestral adjustments performed according to some bullshit government index that still doesn't keep pace with actual inflation.

Yet another example of government intervention blowing up the market. The end result? Implosion.