Cryptocurrency as an escape from economic oppression.

This is a post I have been wanting to make for a while. It’s easy to get lost in the short to mid term speculation and lose sight of what crypto as a whole is aside from an asset that can be bought at some price to be later hopefully sold higher. It’s a tool to actually hold and control value any way you see fit.

I’ll use my country as an example. I live in Argentina, a nation sickened by populism and politicians who, in an effort to remain in power as long as possible, fund their spendings by printing money, making it depreciate in value at exorbitant rates and essentially stealing value from the people that have savings, hold or are paid in the argentine peso. As an example the monthly inflation rate in august was 12.4%. (Source: https://www.indec.gob.ar/uploads/informesdeprensa/ipc_09_2338D7EF8261.pdf)

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Argentine Peso to USD. Using a local site as the government insist a dollar is worth 350 Pesos but there is nowhere to buy it at that price, graphs include price from local exchanges. (that 11% is the price change from the day before).

The population, gravitates towards a harder currency in an effort to avoid this, the most widely accepted example being the American Dollar. This is trying to be stopped by the government by restricting exchange from the Peso to the Dollar and by making it harder to withdraw the bills or to transfer abroad. But, with crypto, things started to change. Slowly, people talk more and more about the “Crypto Dollar” (i'm trying to tell most people i know to stay away from tether and diversify in stables if they hold any but holding a digital asset is a big step to take for a lot of people) and starting to get used to the idea that value can be stored digitally. (How do you deny it when BTC’s graph is literally the inverse of the currency you are being paid in exchange for your work).

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https://preview.redd.it/bz2ki6kjcetb1.png?1502&format=png&auto=webp&s=d0af9397e9a6f7356e7124160313ff8657cb360f

This “Crypto Dollar” allows you to exchange from Argentine Peso to USD anytime and in any amount desired and to transfer value abroad cheaply and without government intervention, essentially freeing people from the economic cage they are being put into by the government. The way this is done is through Exchanges called “Cuevas” (caves, called like that as they are hidden as allowing a free exchange of currencies is illegal) they already started Exchanging between the Peso and Stablecoins, fiat for on chain crypto, fast and easy.

What sparked this post is that a few days ago I grabbed a random unknown magazine from a family member and hidden in between the pages was an ad for a local exchange that said “we exchange dollars, gold and cryptocurrencies”.

TL:DR: short/medium price movement doesn't matter, crypto is doing what it was created for, and change has already begun.

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