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20 sats \ 0 replies \ @denlillaapan 17 Nov \ on: Why Sweden will be the last place on adopting Bitcoin | Ioni Appelberg bitcoin
OK, the e-krona "FUD" is a little too much. It's a silly bureaucrat/academic exercise in grandiosity; won't go anywhere, won't be adopted at scale. (At least not without the next major plandemic or warmongering bs ushering in some "unprecedented" threat.)
As for the rest that Ioni mentions: They are fintech/bank technology services, so yes Swedes are well-supplied with ability to pay and move funds around.
Well yeah... until they try to spend their shitcoin outside of their pretty captured domestic currency:
For 20 years, USD/SEK hovered around 6-7 (ignore the weirdness of the post-dotcom boom); now it's embracing 11 -- a 69% depreciation in the unit. Wages and prices have increased, and do increase with the collapsing currency, but not to that magnitude. Swedes get expropriated, globally, having to work uphill against a weakening money
Saylor's presentation at BTC Prague 2023 is well worth a watch, and covers not only (previously) shithole countries like Argentina but also defunct money centers like Sweden.
Also, self-promotion: On Monetary Premia (The Daily Economy, Joakim Book)