228 sats \ 4 replies \ @davidw 20 Nov 2023 freebie \ parent \ on: What Is Javier Milei’s Stance on Bitcoin? bitcoin
Most people (at a grass roots level) have done the same in Argentina. If they can get their hands on dollars. It has been a defence mechanism.
It’s different if the people use it as a SoV, versus the state itself repricing everything domestically in USD.
Argentina hasn’t had hyperinflation in real estate (priced in dollars) this past decade. If anything it’s experienced deflation in those assets.
Same I expect will be true for other products, when converted from pesos to dollars. Perhaps some moderate inflation, but nothing in comparison to what they have been dealing with.
Planning to head back to BsAs in North American summer, assuming there's not some apocalypse. Will bring USDT this time and see how it greases the skids. Figuring out black market exchanges, and traveling with enough cash, was such a PITA back in the day.
Any Argentine stackers around? @IgnaciobTato, looks like maybe you're from there?
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Hope you feel comfortable using USDT on Tron for more than a few seconds 😅 that seems to be the norm right now.
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Have never done it, will have to figure it out. Not looking forward to it, it makes me feel dirty even thinking about it :(
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100%. A decent metaphor for how bad things have gotten over there.
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