MTozoni ⚡😺 on Nostr: From "In 2012 Argentina banned citizens from buying Dollars to force them to save in ...

From https://twitter.com/stackhodler/status/1639932246038654982

"In 2012 Argentina banned citizens from buying Dollars to force them to save in Pesos.

At the time you could get ~4 Pesos for one US Dollar.

Today you can get 389 Pesos for a Dollar.

Banning the Dollar didn't make it disappear.

People didn't forget about the Dollar's stronger purchasing power relative to the Peso.

So they started buying it on the black market rather than allowing their government to debase their savings.

If governments attempt to ban #Bitcoin they can expect a similar outcome.

People won't forget that there's an asset with a fixed supply that can protect them from government debasement."