It's textually marketed as "sending dollars via the lightning network". I don't get if it's an expression to refer to an underlying swap, or an actual stablecoin-like transfer.

Thank you buddy

I don't get it, how's the conversion performed? It's a swap under the hood?

Exactly.

Only detail I have to add is that closing the central bank is planned. The idiocy of those who remark that he didn't on day zero (which Miley always remarked he wouldn't do) lies in their will to ignore the entire world and everything prior and everything after: the previous communist regimes used the central bank to incur in massive debt to support their populist schemes. Debts that have to be repaid prior to closing it. Being something so blatantly obvious and simple, it speaks volumes of those who can't grasp it, like Saifedean. Above all, state debt is not only to foreign creditors, but to creditors in the country itself, who bought state emitted bonds. Imagine closing the central bank before paying back to locals, stealing from millions on day one, what a great start.

Another important detail is that the central bank being closed do not means loss of sovereignty, since the intent is not to depend on a foreign central bank, but simply allow people to commerce in whatever currency they want. That is, as Milei always made clear, the intent is to advance to an open-banking system. People will choose the currency that suits them for their needs. A first step towards that is having in place a currency that's not the peso, since there should be no central bank to emit it, and thus there's a first need to have a new first reference, for which the dollar is the clear option. Dollarizing is the plan, to allow the complete dissolution of the central bank, to then proceed to an open-banking system, in which people will chose the currency they want freely. This also means, as it's Milei's wish, that even private currency mints could arise.

Thank you k00b! All that must be said is there already

Well, like you said. "Apparently". That appearance is, indeed, wrong. You can follow Milei's minister of deregulation on twitter to see the actual progress on making people more free by the day (literally, there's so much socialist crap that must be undone that updates on deregulation are made on a daily basis).

Well, this is simply not true. He won the last election by landslide, garnering massive support not only politically to keep pushing his agenda forward, but also in terms of the congressional weight needed to pass it. You are being misled by Saifedean uninformed (or purposely ill-intentioned) slander. The cure? Look at the facts, it's all there.

Well. No. Not even close. I have thoroughly debunked all of Saifedean's slander on Milei. I was startled at the fact he didn't got anything right, not even by accident. I have distrusted Saifedean takes on anything ever since. It would have been ok had him been slightly wrong, or understandably mislead. But no, he went full dunning-kruger.

Thank you @k00b for linking my articles. There's no more to it, all answers are there.

I'm answering there then.

I was very interested about reading "The Gold Standard", until I was asked by some stackers to review his critics on Milei. The fact all of his articles on the matter were complete and absolute bullshit, down to every letter, made me seriously doubt any of his other works. I mean, I know what to criticize about Milei's movement myself because I lived it in first person, I was part of it. There are actual things that can be said. I do it myself on twitter all the time. There are severe flaws that still pose an existential risk to the movement. Yet, while perfectly valid points exist, not only Saifedean skillfully managed to tackle none, but devoted exclusively to distort, and at some points outright lying, on all and every single of the points he treated. His articles are so perfectly wrong, so densely wrong, and he expressed such a prodigious combo of ignorance and misunderstanding with such a level of hubris, that I could not take him seriously at anything anymore.

Awesome!!! :)

Congratulations Sensei!!! :D

I have some of those, will be back in 5

I know, but Suriname is the most japanese-sounding latin-american country I know.

So, I DEMAND the result of the contest to be changed.

I still want to say Suriname. It's the most japanese-sounding latin-american country I know.

Kosovo

Finland.

Fair point

It's beyond me how is that so many are so unwilling to take a second to hit Ctrl+F before posting.

To any other stacker who might want to take a shoot, I leave suggested: Palau and Bangladesh.

I was surprised too, checked twice