Listado del material de lectura recomendada y utilizado para la exposición.
How the fiat black market works in Argentina.
“The purpose of the bank is to promote, monetary stability, financial stability, employment and economic development with social equity” Excerpt from the law that regulates the creation and objectives of the Argentinian Central Bank. The purchase of USD by Argentinian nationals is forbidden by law. This prohibition created a parallel market (free or black market) […]
Ciclos de estafas de la industria “cripto-blockchain”
“La teoría del gran tonto sostiene que los precios suben porque la gente puede vender valores negociables con sobreprecios a un “mayor tonto”, estén o no sobrevalorados. Eso es, por supuesto, hasta que no queden mayores tontos. Invertir, de acuerdo con la teoría del gran tonto, significa ignorar las valoraciones (…) y todos los demás […]
Bukele, El Salvador and hyperbitcoinization, chapter two
The birth of Bitcoin-populism “You can avoid reality, but you cannot avoid the consequences of avoiding reality.” ― Ayn Rand On the 24th of June, 2021, in a National television broadcast ,President Bukele of El Salvador announced the launch of an official government wallet for its citizens. Airirdropped into this digital wallet is the […]
El Salvador and hyperbitcoinization, chapter one.
About the morality of the Bitcoin law “If we wish to preserve a free society, it is essential that we recognize that the desirability of a particular object is not sufficient justification for the use of coercion.” Friedrich August von Hayek On this second article of the El Salvador saga I will focus on the […]
Bukele, El Salvador and hyperbitcoinization, chapter zero
“Each new beginning comes from the end of some other beginning.” Seneca It was the second day of the historic Bitcoin 2021 conference -Miami- and an excited and emotional Jack Mallers presented the work he was doing in El Salvador. All of a sudden, he slides on to a video in which Nayib Bukele-the President […]