gladstein on Nostr: No one could possibly argue it’s a bad idea for families or businesses in Argentina ...
No one could possibly argue it’s a bad idea for families or businesses in Argentina to try to earn and save in dollars versus pesos
But the establishment says dollarization will be bad for Argentina
Think about that for a second…
They want to uphold the Currency Caste System
The System is one set of rules for a small few, and a different set of much worse rules for the rest
It’s important to keep weak or dead currencies alive in the System, to keep selective wage devaluation going
The incentives are such that the System will not reform itself
But Bitcoin disrupts the System
If, over time, we grow into a global economy with one neutral open decentralized reserve currency, not issued by any one state or alliance, then the System breaks down and a new one emerges
There will be new problems with the new system, but it presents a world where everyone uses the same kind of money, instead of a world where your birth determines the quality of money that you earn your wages in…
This is a world, in my view, worth striving for
Where people in Argentina and Nigeria and Iran earn the same type of money as people in the US and Germany.. where it is all open and interconnected instead of walled off…
Monetary unity instead of division
✌️
But the establishment says dollarization will be bad for Argentina
Think about that for a second…
They want to uphold the Currency Caste System
The System is one set of rules for a small few, and a different set of much worse rules for the rest
It’s important to keep weak or dead currencies alive in the System, to keep selective wage devaluation going
The incentives are such that the System will not reform itself
But Bitcoin disrupts the System
If, over time, we grow into a global economy with one neutral open decentralized reserve currency, not issued by any one state or alliance, then the System breaks down and a new one emerges
There will be new problems with the new system, but it presents a world where everyone uses the same kind of money, instead of a world where your birth determines the quality of money that you earn your wages in…
This is a world, in my view, worth striving for
Where people in Argentina and Nigeria and Iran earn the same type of money as people in the US and Germany.. where it is all open and interconnected instead of walled off…
Monetary unity instead of division
✌️