How and why Bitcoin is not going away: a case of Argentina and it’s crumbling economyIn the midst of an economic crisis, caused by high inflation

in #hive-16792211 months ago

Citizens of Argentina, have resulted to adopting further iterations of centralized exchanges as we know them to purchase U.S dollar stable coins. They are using, secret peer to peer exchanges, which they call crypto curves.

This in a way put a smile on my face. People will always be people,and you can only hurt them for so long. Governments have been sinking people down for a long time and the fact that people depended on a central currency they provided made them so powerful to the point of drugging their citizens down with their poor economic policies, while using citizens as exit liquidity through the power vested in them by means of corruption and investing their money off shore and amassing properties in countries with stronger economies than those the have successfully run down.

What caught my eyes is the ability of the Argentinians, replacing the middle by creating a peer to peer channel that is allowing them to purchase stable currencies from one another. It may have its red flags but people taking care of themselves is an end goal of the cryto frenzy. They amazingly by passing exchanges as we know them through the means of crypto curves as earlier stated, It’s the fighting spirit that stands out , it’s the will to over come hurdles brought about by the system.

I become concerned, whenever I hear traditional bankers FUD crypto or parliamentarians go at it like they have the power to bring it on its knees. Seeing this reminds me there is light at the end of the tunnel it will not be easy but the establishment won’t have it easy as well. Once people know the way, like satoshi brought to mind how people can avoid double spending by avoiding the middle man. This will always be improved Upon until it works best for the people in need. Accepting defeat by centralized exchanges is not going to be televised, we will know by there actions. Saying one thing on public television and their signature saying the complete opposite like we saw Jamie Diamon, call bitcoin users names in parliament but JP Morgan the bank he watches over signs in favor of the ETF. Them Suddenly accumulating more Bitcoin than the network can produce. This is truce, they have folded and using their companions to accumulate Digital gold. The fight is just getting started by the renegades are ahead and the communities that back them fueling what could and can become

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