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@bitcoinpoemspro1406
9 ай бұрын
Thanks Sam, great show. Alex is always informative.
@satoshischrockamoto
9 ай бұрын
I feel like Swan can do better guest-wise when it comes to commenting on modern-day Argentinian politics. Gladstein's takes are armchair quarterback takes at the end of the day. Why not interview us Argentinians?
@bobiq
9 ай бұрын
Totally.
@googleuser8279
9 ай бұрын
The bitcoin Maxi's aren't a fan of him because he likes all crypto not just BTC and they are scared of Bitcoin liquidity flooding out to other chains...
@jairunet
9 ай бұрын
I had the honor to chat briefly with Alex, he is a very busy mind type of guy, very hard to get him to smile or laugh, nevertheless, great information, great POW, thank you Swan team and Sam 🤗
@FreedomLovin
9 ай бұрын
Wasn't Max Keiser going down there with a coalition to meet with Milei about bitcoinization?
@puravida1159
9 ай бұрын
Lennin said Electrification is the key to moving from a peasant country to an industrial country. Nothing has changed.
@_ben_sisko
9 ай бұрын
You currently get 3 SATS for 1 Argentinian Peso. Isn't that what Hyperbitcoinization looks like?
@stanleynnaemekaorajiaka8109
9 ай бұрын
When Nigeria? This is the highest adopted and interest Bitcoin nation in Africa. I could say in the world
@lorraineanderson5679
5 ай бұрын
Could you shine a light on the IMF, particularly which country has control and where do the proceeds from these loans land? who stands to benefit most from these cruel IMF loans. why can we not simply have an IMF debt Jubilee?
@lorraineanderson5679
5 ай бұрын
Furthermore doesn't it seem like the I m f is the worst banker in all of history? They choose the worst stutters.They create the worst kinds of loans and still the debtors are rarely able to pay them back? Seems to me like they just set poor Undeveloped unwitting nations For Total failure And utter financial disaster
@joseluisvazquez5126
9 ай бұрын
I see several misconceptions on Milei's Argentina situation here: - Maybe it is the language barrier, but Milei has never identified as a Bitcoiner. He is a libertarian, follows the Austrian School of economics, but he is no Bitcoiner. He probably has not have the time to really understand it yet, and I would not blame him, he has enough on his plate already. - "No hay plata" means Argentina's State is broke, even more broke than over-indebted countries like Spain, Italy, UK or the USA. Argentina is in another league of "brokeness". And when you are that broke you need to cut your expenses, unless you want to continue digging your grave deeper. Does this match the IMF's conditions? Probably, but being broke also means you are dependant on your lender, and cutting spending is the first step towards recovering financial freedom. - Do not expect an Argentina Bitcoinization any time soon, Argentinians have already chose a replacement for the Peso, it is the US Dollar, not the Euro, not the Yuan, Yen or Bitcoin. Why? because it is STILL the biggest most salable monetary network right now, and any other Fiat choice is worse. If Milei is able to dollarize Argentina, next Presidents will NOT be able to reverse that easily, and won't be able to steal from Argentinians in the way the used to. - Also note that Milei dolarizing is NOT really moving from the Peso to the Dollar, but just moving away from the failing Peso which Argentinians already rejected. He has said several times that people should chose their money, without the state imposing it. But yes, to exit the Peso, financial restructuring is required first. - Once outside of the Peso and with the Central Bank closed, Argentinians should be free to chose their money. If the US treasury and the Fed continue the current path without changes, the US dollar will end up collapsing at some point. It is unlikey another Fiat would be a better option by then, as they probably collapsed earlier. Will Bitcoin be ready then? not sure but if it is, Argentinians would be free to jump ship and adopt it, and no Milei will be required for that. This is what exiting the Peso and closing the Central Bank actually means. - You might have missed the news, but a few days ago Milei announced a huge set of law repeals ("deroguese"). The most important of them is that private contracts WILL TAKE precedence over state laws by default. This is HUGE as it basically removes most state impositions between private parties, including Bitcoin usage. Milei's path ahead is very difficult and thus uncertain, EVEN if he takes all the promised measures and is not blocked by their adversaries or loses popular support. And it is difficult because the Argentina State is in the ICU right now, any false move will put it back on the "Peronist flavour of the Fiat Blackhole", and will enter hyper-inflation. But make no mistake, if Milei fails, we are looking at the future of the rest of the western world: Europe and the US are heading towards their own Fiat Blackholes and the gravity pull to spend and never balance budgets is too strong already. Will Bitcoin save us? It is too early to say confidently. It has a sound base monetary policy and the payments problem might have been solved by LN. But censorship resistant savings for billions of people is still an open problem. Without it, centralization of Bitcoin is likely, and the Bitcoin based economy will not differ from current one as much as we would like, including partial government capture for those who did not embark soon enough. Remember: Gold took thousands of years to become money. The US Dollar took almost 200 years to displace Gold. Do we expect Bitcoin to displace Fiat in less than 2 decades? Too much to ask I would say. Money adoption is first as saving tech, later as exchange method and finally unit of account when it becomes the dominant money network. We are early, still on the savings tech, and savings are difficult today. If you are in a rich country your money is devaluating but slowly, so most wont take notice. On poor countries where it is noticeable, mast cannot save, because their expense needs are above their earnings, so most cannot afford Bitcoins volatility in many Fiats terms today. It is going to take longer than most expect I think.
@danwilson2512
9 ай бұрын
Jose, what did you mean by Savings "tech"
@joseluisvazquez5126
9 ай бұрын
@@danwilson2512 Savings tech is any social technology that allows you to store your value in it somehow, so that you can spend or invest that value at a later time with no significant loss of purchasing power of your initially stored value. This is the most basic service of money as a social technology and, ironically, the one that Fiat money performs in the worst way. Even in the best of cases, holding dollars in the best years, you are guaranteed to lose 1-3% of PCI purchasing power, by official numbers. Savings tech is the 1st service a money candidate must fulfil during the adoption phase. Once sufficient people holds it for savings, they will notice they can also use it for direct exchanges, so it becomes also generalised medium of exchange. Bitcoin is NOT there yet, despite being designed to become money, it lacks adoption, which cannot be designed in, obviously. Today you might need to ask 1000 people or more before you find one that would accept Bitcoin as payment. Last phase is unit of account, once something is the dominant savings asset and medium of exchange, people think only in terms of its units and it prices everything else.
@pellarolo
9 ай бұрын
food has gone down 15% since he was inaugurated
@bobiq
9 ай бұрын
Parallel financial systems will exist. Eventually the fiat system will have to die out if no one is going to use it.
@jonmccormick8683
9 ай бұрын
You have financial parallels everywhere Gold, Silver, CDs, ETFs, Bonds. BitCoin is just another, but it is very easy to go in and out of any currency with BitCoin at an extremely low tariff. BitCoin is also way faster and efficient.
@bobiq
9 ай бұрын
Can't they back peso with one huge Bitcoin purchase? As long as they do it before the halving and bull run this may work wonders!
@jonmccormick8683
9 ай бұрын
You can have a BitCoin backed, or partially backed Argentina Peso, but it would be much better just to go BitCoin. All the money in Argentina is not being "banked" since people are afraid. Putting all this money back into the bank thru BitCoin greatly backs up the economy, especially if BitCoin is rising. -People need to have financial confidence. In Turkey (high inflation) people always bought physical gold and silver. -Which holds value.
@bobiq
9 ай бұрын
@@jonmccormick8683 you cannot just go bitcoin now. It's too volatile. Maybe at $10T market cap you'll be able to but not now.
@pozohondo6336
9 ай бұрын
We can hope all we want but i'm afraid Elizabeth Warren's number 2 met him just yesterday and probably told him what he can and can't do.
@bitcoinpoemspro1406
9 ай бұрын
I would love it if the United States government stopped all support for education and healthcare.
@User0resU-1
9 ай бұрын
Totally. The swamp would be drained in double time.
@ekisola17
9 ай бұрын
😂that’s hilarious. Seems to me they already did.
@magic6999d
9 ай бұрын
Alex has no idea what is really going on in Argentina
@factoroftime
9 ай бұрын
mosst boring and uniformative talk ever. a huge waste of time , this call should have never happened.
@fuckooooooooooooo
9 ай бұрын
I think the new president is adopting Sheckles, not btc
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