Freelancers in my country (Argentina) will happily accept crypto instead of dollars so they aren't robbed by our government, it is really an alternative for us.

Not only that, is another way for us to save money in cash since we have an extremely limited to other currencies (we have 50% annual inflation so saving in our national currency isn't an option)

Bluecollar people have happily accepted cash to avoid taxes since forever. Calling taxes "Being robbed by your government" is such a cliché

>Calling taxes "Being robbed by your government" is such a cliché

Tell me, where are you from? Do you have free access to other currencies where you live? Because I don't, and where I live we have 50% inflation (even 100% for groceries). It's not taxes when we don't get anything in return and we can't even save in the currency we are paid.

I'd like to see how you live here for a year.

If you manage to get the full value of your money, other people will lose the full value of theirs. The value that supposedly backs your local currency simply does not exist. Is it not fairer that everyone gets 50%?

>If you manage to get the full value of your money, other people will lose the full value of theirs.

Why?

>The value that supposedly backs your local currency simply does not exist

Tell me something I don't know...

>Is it not fairer that everyone gets 50%?

What? Why? Why should anyone working for abroad let the government decide how much money they get from their hours spent working?

Sorry, I didn't understand the last part. Did you mean "People who have jobs with foreign companies should not have to pay taxes"?

No, I didn't. Have a nice weekend.

To be clear nobody is supposed to save in the currency they are paid, ever, anywhere on earth. I’m not saying that makes 50% inflation ok just that this not the argument. Not least because bitcoin has once again seen 50% inflation in the last 60 days.

Again though, why not USDC?

One of the parent comments above said "I’ve often wished there were a way to organize against crypto", I believe USDC is another crypto isn't it?

But yes, is another way many freelancers are paid here, it's not just bitcoin and ETH, many use stablecoins.

I only find kinda selfish the comfortable position to be against ALL cryptocurrencies (which don't do such a damage to the climate like bitcoin.) while living in the first world, even those

You do have access to other currencies via a Wise multi-currency account. They're free, and available in Argentina.

> Bluecollar people have happily accepted cash to avoid taxes since forever.

All the more reason why cryptocurrencies might be useful to blue collar people.

Well no, someone has to pay for social services.

Only 29% of El Salvador has a bank account and you want them to use Wise? How are they supposed to get their money OUT of wise, transfer it again to someone with a bank account? Seems like an extra step when they can just receive BTC (and even spend it locally), go to the ATM and be done with it.

You think you have used less energy than the average El Salvadorian who uses BTC? It's really entertaining to see the watt-police coming out when many of these same people have A/C or heat turned up in their house way beyond the maximum survivable bands of the temperature range.

Would you say you're at all surprised at how long bitcoin has lasted, or how high the price is now?

What kind of data would change your mind?

The price started getting pumped up by Tether, and now it's managed by Alameda and Cumberland in cooperation with Tether. USDT volume is 50% higher than the sum of BTC and ETH volume. The price you see, $42500 or whatever, that's not USD. That's USDT. If you control the printing of the currency, and you buy shit with it, you can absolutely set it to whatever you want. [1]

To quote Bitfinex right before they fired up the Tether printer:

  BTC could tank to below 1k if we don't act quickly

So no, I'm not surprised by the price. The action dragged in a few profiteering hedge funds.

[1] https://cryptonews.com/news/how-merlin-lost-patience-trying-...

From the cited article, that quote was Bitfinex to one of their banks not processing fiat redemption requests (so people could not withdraw money from Bitfinex). Of course, prolonged bouts of that would've reduced trust in crypto and exchanges, reasonably so.

Not evident what that has to do with the Tether printer?

And btw, do you have any links on the hedge fund connection, and Alameda and Cumberland?

> Not evident what that has to do with the Tether printer?

Shortly after that exchange, they realized they could just take the money out of the Tether bank account, and use it to satisfy their withdrawal requests. I speculate this is the moment they realized that they did not have to actually back their USDT, and turned on the printer.

> Of course, prolonged bouts of that would've reduced trust in crypto and exchanges, reasonably so.

I think that is a completely reasonable alternative explanation.

> And btw, do you have any links on the hedge fund connection, and Alameda and Cumberland?

Check this out. Protos did the legwork to figure out where all the USDT issuances were going. Of $96B in outbound distributions to market makers, $36B went to Alameda and $24B went to Cumberland. That's almost 70% of all distributions ever made to large accounts.

[1] https://protos.com/tether-papers-crypto-stablecoin-usdt-inve...

Does anyone know what that does to inflation?

Iirc the btc/eth market caps are more than the amount of "printed" USD throughout the pandemic.

Does tether printed act the same on inflation as USD printed?