Re:10 years of whatever this has been
by mettamage on Thursday November 18, 2021 @08:25AM
(#29265085)
> International traders wouldn't want your shitty fiat.
I'm sure there are local traders savvy enough to get a +30% premium in local cash which they then immediately exchange for more durable assets.
So international traders wouldn't but national ones that know the country, they would.
If I could sell my crypto for +30% and then immediately use that money to buy gift cards at a store (just brainstorming here) and could put those online and redeem them and cash out with a 10% slippage, allowing me to keep +20%. Why wouldn't I do it?
I don't know such a method since I'm Western-European. But if I'd be from Venezuela, then I'd know to what extent a plan like this is feasible among: friends, family and perhaps even certain strangers.
I'm sure there are local traders savvy enough to get a +30% premium in local cash which they then immediately exchange for more durable assets.
So international traders wouldn't but national ones that know the country, they would.
If I could sell my crypto for +30% and then immediately use that money to buy gift cards at a store (just brainstorming here) and could put those online and redeem them and cash out with a 10% slippage, allowing me to keep +20%. Why wouldn't I do it?
I don't know such a method since I'm Western-European. But if I'd be from Venezuela, then I'd know to what extent a plan like this is feasible among: friends, family and perhaps even certain strangers.