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0 sats \ 5 replies \ @okpj 21 Dec 2023 \ on: In Argentina 🇦🇷 Contracts Can Be Settled In Bitcoin - Foreign Minister Affirms bitcoin
“And also any other crypto”
The story could just as easily be “Argentina allows contracts to be settled in dogeloncumrocket”
Interested to see how it plays out regardless…
The btc, aka the stone of jordan, will absolutely dominate a free market of money without regulation.
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Wrong. The US dollar will dominate as the denominator of single monetary component contracts, as it does for all the contracts you engage in.
We are approaching the stage when bitcoiners will start learning the basics of money and I am happy to see this small step, but we are not there yet.
https://twitter.com/GhostDirac/status/1737943904564220326
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Any data points to back this up?
Will the contracts be in USD value or straight amounts of “crypto”? If the former, why wouldn’t everyone just use stablecoins, on the cheapest shitcoin chain?
Argentina GDP is 10650 USD per capita.