Agreed, it's a slow death for any inflationary currency. But it's a matter of choice to use USDT over BTC. Education in both creates informed decisions, in particular how an old underlying fear of preserving one's personal economics for survival, intercedes with the ability to believe that one could be saving into bitcoin, but it's something that won't be touched for at least 4 years.
But which, but a wealthy Argentinean, could do this if more than 55% of the country is living in an economical poverty state? Why would they choose a 4 year hold on any money, which historically has always proven to be a failure in preserving value? Especially as they see the downward volatility as a negative in case they miscalculated and they needed the money?
So USDT is chosen. Better a lesser inflationary money than one that could get them out of that rat race, but unpredictable when.
I agree with BitcoinUniversity (npub1s33…252p) here. USDT is like a smarter contract than their local currency, but not the smartest. It's why it's understandable why they do this, but almost like an educational war of the truth is coming abouts, helping people realize, like we did, to start with maybe 1-5% in bitcoin, while we used the dollar. They too could start with that and help transition their understanding that this is one protocol that doesn't lie to you. Unlike many of their (and our) politicians, it truly does what it says it will do.
Fotoart
npub1su…3krst
2024-08-13 17:02:00
in reply to nevent1q…9t3p
Author Public Key
npub1sux0u94v4a2lgpdygk95hgurp7zuczxy9530t3985mprhwvnme3qh3krstPublished at
2024-08-13 17:02:00Event JSON
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"content": "Agreed, it's a slow death for any inflationary currency. But it's a matter of choice to use USDT over BTC. Education in both creates informed decisions, in particular how an old underlying fear of preserving one's personal economics for survival, intercedes with the ability to believe that one could be saving into bitcoin, but it's something that won't be touched for at least 4 years.\n\nBut which, but a wealthy Argentinean, could do this if more than 55% of the country is living in an economical poverty state? Why would they choose a 4 year hold on any money, which historically has always proven to be a failure in preserving value? Especially as they see the downward volatility as a negative in case they miscalculated and they needed the money?\n\nSo USDT is chosen. Better a lesser inflationary money than one that could get them out of that rat race, but unpredictable when.\n\nI agree with nostr:npub1s33sw6y2p8kpz2t8avz5feu2n6yvfr6swykrnm2frletd7spnt5qew252p here. USDT is like a smarter contract than their local currency, but not the smartest. It's why it's understandable why they do this, but almost like an educational war of the truth is coming abouts, helping people realize, like we did, to start with maybe 1-5% in bitcoin, while we used the dollar. They too could start with that and help transition their understanding that this is one protocol that doesn't lie to you. Unlike many of their (and our) politicians, it truly does what it says it will do.",
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