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naraburns  nihil supernum  1yr ago (text post)   30915 thread views

Culture War Roundup for the week of November 7, 2022

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People in Latin America are getting use out of cryptocurrencies. Does that not count?

Which people in Latin America are those?

AIUI it’s largely getting used as a store of value by workers in high-inflation LatAm countries as a way to store their earnings that won’t halve in value every [time interval] due to the government constantly devaluing the currency.

I believe you are talking about Argentina. When I was there a short while ago green dollars were the king and I haven’t seen any signs of crypto. I honestly doubt it gets much use other than perhaps a simple way to buy something that roughly tracks American dollars in value and might even make you rich if you get lucky.

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