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 |  Subject: Via Anarcho-Capitalists' Forum: Unlike bitcoin, the Argentine currency “is not worth even as excrement”: Anarcho-Capitalist economist Milei  Wed Dec 09, 2020 10:05 pm | |
| According to Milei, the Argentine peso does not serve as a store of value or as a unit of account.
For him, those who are against bitcoin are enemies of society.
“The peso is not even worth excrement,” said Argentine economist Javier Milei on December 8 during his visit to LaBitConf 2020. On the contrary, he said that he finds bitcoin “very nice” because “it gives people back what they are of people: money ».
Milei, who is defined as libertarian liberal and anarcho-capitalist, He explained that Argentina “not only lost its reserve of value, but also lost the unit of account.” “Important transactions are no longer made in pesos, but are made in dollars,” he mentioned.
The economist, who declares himself a “supporter of private currencies” understands that adopt bitcoin as a massive currency of current use it would be a difficult task. “You could have it as a currency, but the States are going to resist that,” he argued. He insisted on the issue, saying that bitcoin “goes against the interests of the jets (thieves) of politicians.”
Those who are against [de bitcoin y las monedas privadas] they are those who are in favor of the state, that is, the enemies of society. Because deep down, the state is the enemy of society.
Javier Milei, economist.
As reported by CriptoNoticias, in 2021 Milei will run as a candidate for deputy. One of his goals in politics is eliminate the Central Bank. “The intervention of the Central Bank always produces damage,” he said in LaBitConf, adding that the damage can occur “by controlling the issuance of money or by controlling the interest rate.”
After doing a historical review of how the intervention of the Central Bank affected the economy of your country, the economist argued that “it makes sense that Argentine society is so active in the use of cryptocurrencies.”
Argentinian stories of bitcoin startups
Milei was not only at LaBitConf but also shared a panel of dialogue with entrepreneurs Nicolás Bourbón, Camilo Crista, Florencia Ravenna and Manuel Beaudroit, with the moderation of Gonzalo Blousson. After the economist’s initial reflections, they discussed their experiences in the development of the Argentine ecosystem.
Bourbón, who in 2013 tried to start one of the first exchanges in the South American country, recalled all the obstacles he had for his venture. “We had all kinds of restrictions,” he mentioned and clarified that, although they had everything in order to function, they couldn’t get any bank to open an account for them. After the Mt.Gox hack, the situation with the banks became more difficult and Bourbon gave up on his idea.
Beaudroit followed a similar path, although he did so a year later and obtained the support from small local banks. After founding CriptoCueva, ConectaBitcoin and CriptoCambios, in 2014 he built the exchange Bitex.
Anyway, Beaudroit also says that the early days were difficult. “If you went into some banks and said ‘bitcoin’, the compliance team would come. There was a lot of persecution, a lot of fear and above all a great lack of knowledge, on the part of the banks, about what we were trying to do, ”he recalls.
Innovation is like water. Water cannot be stopped, it can be piped, or a dam can be built. The dam will end up drowning the people on the other side. It is best to let it run and safely so that people can prosper.
Manuel Beaudroit, founder of Bitex.
The situation of Crista was different, who in 2018 created the exchange Qubit. «We were a bit more lucky, it wasn’t that we knew more than Nico [Bourbon]», He explained. The truth is that when he began his project, in his words “the name ‘bitcoin’ was already being cleaned up.” That allowed him to have quick access to bank accounts, because from the banks themselves understood the trading potential of a cryptocurrency exchange.
Finally, Ravenna, who is part of the Muun wallet operations team, said that despite all the difficulties, there are two major advantages in starting from Argentina on Bitcoin-related products – a large community of users willing to provide feedback and developers who understand the problems cryptocurrencies solve.
Entrepreneurs agreed that state and bank restrictions helped them to develop their creativity. Source: LABitConf / instagram.com
About the developers who work at Muun, Ravenna says: “When I work with a team that fully understands what the foreign exchange stocks are, what a corralito is and the problems of a centralized service, it is much easier to align values and work culture” .
“A hymn to anarcho-capitalism”
After hearing the stories of the entrepreneurs and how the economic situation in Argentina motivated them to look for alternatives to carry out their ideas, Milei reflected on what, for him, it would be the ideal society.
“The Argentine politician generates regulatory disasters, confiscations, advances on private property … and, obviously, the individual reacts, tries to protect himself and generates phenomenal technological progress,” Milei said.
“The excess of state generates many things for you to try to survive because people try to find solutions,” said Milei, adding that “the more thieves the politicians of a country are, the more creative its inhabitants will be.” Even with the advantages that this could have, he pointed out that, in the long term, This destroys the value.
The economist compared the Argentine situation with that of Singapore, a country that, in his words, “works great.” “But this situation of such stability does not generate many incentives to be breaking things and kills creativity,” he explained.
According to Milei, these extremes serve to illustrate her conviction that “the ideal world is anarcho-capitalist”:
What we need is spontaneous chaos. This is the chaos that arises from the agents’ own interaction. We do not need governments to boost it or turn it off, because one way or another they end up destroying well-being. Furthermore, we do not need the money to be provided by a thief politician because we can generate it ourselves. Therefore, from my point of view, this has been a hymn to anarcho-capitalism.
Javier Milei, economist
https://www.explica.co/unlike-bitcoin-the-argentine-currency-is-not-worth-even-as-excrement-according-to-milei/
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| | Subject: Re: Via Anarcho-Capitalists' Forum: Unlike bitcoin, the Argentine currency “is not worth even as excrement”: Anarcho-Capitalist economist Milei Wed Dec 09, 2020 11:22 pm | |
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