Argentina is a record cryptocurrency adopter
Argentina is a record cryptocurrency adopter
www.batimes.com.ar
Argentina is a record cryptocurrency adopter | Buenos Aires Times
Argentina is a record cryptocurrency adopter
Argentina is a record cryptocurrency adopter | Buenos Aires Times
When crypto is more stable than your national currency, your government has a .... problem?
There isn't a government run currency on the planet that has come anywhere remotely close to performing as good as bitcoin in the last decade. Give me something that goes up in value over something that only "slowly" falls in value like the EU or USD.
Which proves that Bitcoin isn't really currency, it's an investment opportunity.
You can trade stocks and bonds as "currency" too.
Currencies going up in value tends to not be great for an economy, as people will save instead of spend. It stops being a currency and becomes somewhat of an asset. A slowly depreciating currency tends to foster the most economic growth.
Bitcoin isnt really great for actual regular exchange and transactions tho, isnt that true? Like if everyone started using it at the scale of regular currency's daily usage, would it actually rise to those demands?
A small amount of inflation is good actually.
The problem is that if I have bitcoin, I can't fucking spending it as currency, now can I? I'll hate myself tomorrow when it's gone up 2x.
So if everyone has bitcoin, everyone HODLs, no currency changes hands and the economy just dies because nobody buys or sells anything.
The minor inflation in EUR or USD accomplishes the exact opposite: Money keeps changing hands. The rich, obviously, want to keep everything they have. But oh look, if you just hoard it, it keeps slowly losing value over time! Now these rich assholes (along with anyone else who has significant savings) have to invest their money if they want it to keep value or even appreciate in value - and when it's invested, that means someone else can actually do something with the money.