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its normal now, everybody knows how to work with it - buy with credit payable in 6/12 months, take advantage of government credit to offset it (often such credits are below inflation)

Also buy street dollar (blue) with whatever you manage to save, etc - to sell it later to preserve value

At this point after many decades of inflation every argentinian is a hobbyist economist himself (otherwise you couldn’t make it month to month)


Surely there are still downsides to the wider economy even if people have managed to adapt?


yes major downsides, these are only strategies to get by


Keep in mind that in reality it raises the floor to 1900 dollars/ month for workers only. Thats at today’s black market exchange rate (article cites non existent official rate).

With the rapid inflation we are experiencing (likely going hyper) that floor will get back to normal soon.

We’ll se what next president does.

source: I’m Argentinian


US$1,900/month seems like too high of a floor to pay no taxes on for Argentina. That floor makes more sense for the world's richest countries.


No income taxes doesn’t mean no taxes, most countries (and states in the US) with low income taxes fund themselves with less redistributing taxes.


yes but in an hyperinflationary scenario it won’t last long (laws are defined in pesos)

so it could be back to sub 800 soon


Theres is one thing non apple manufacturers can’t do: iOS

I’ve given old iphones / helped purchase new ones to my Android friends over the years - none got back to android.

The experience is subjective but a well designed user interface with attention to detail an very responsive hardware/software combination that keeps working like that after 4+ years beats every other option. Specially after apple focused on selling services and now old devices seem more performant than ever.

Also you don’t need a $1000 iPhone - a refurbished 2nd gen SE is about 250 on amazon.


I tried iOS. The fact that you can't even do something as basic as alphabetize your app icons was infuriating to me. And it was even more infuriating when they finally added some way to access your apps as alphabetically as a scrolling list at the very end of the home screen with less priority than their terrible AI auto-categorized apps. It doesn't really scream attention to detail when they put "Mini Metro" in an auto group with transit apps.


I disagree. This isn’t Mac System 6 vs Windows3

The Apple brand carries the day now. It’s called “aspirational luxury”. Even PhD students who could solder together a laptop with parts off Alibaba still want a MBP because: sex.

PS: What’s more powerful: “aspirational luxury” or “fame seeking”? I think Apple better build-up that SharePlay feature a whole lot (and come up with ancillary features to identify and add people with whom to SharePlay) or we are all going to find out in VisionPro vs QuestPro.


> It’s called “aspirational luxury”. Even PhD students who could solder together a laptop with parts off Alibaba still want a MBP because, you know: sex.

It's really not though, for me. I resisted going Mac for many years, to my personal detriment. I finally threw in the towel during a business trip where my current Thinkpad was getting less than 2.5hrs per charge, while the MBP I picked up at Best Buy lasted 12+.

I haven't looked back for laptops ever since, and w/ the M2 the gap is growing even more.

The form factor is far and away a secondary consideration these days to it simply being useful as a tool. Perhaps the windows laptop ecosystem has caught up since - but Apple would have to fuck up for me to consider it a priority worth spending the time on switching again. A $1,000 "apple tax" every 3-5 years when I need a new one is money well spent to avoid such things.

Mobile devices are similar. I'm still on Android, but just barely. The ecosystem continues to get worse in my opinion, and a lot of the benefits of "open" are slowly being eroded into a shittier version of the Apple walled garden.

For me, personally, I'd be in the market for Apple devices that are "skinned" to look like they are not Apple devices. I actually hate bringing my Macbook out with me since it makes you stand out as a target for theft in some areas. I use them because they simply get the job done better for me, and my daily computing is no longer a hobby I enjoy tinkering around with.


Well said. For Macs specifically I just tell people for me it is basically Linux where the hardware always works really well and you don’t have to screw around with drivers.


When I was a PhD student, I switched to a MBP because I had more interesting things to solder (and code, analyze, write, etc). I wanted something that just worked and keeping it that way would be someone else’s problem.

“Sex” definitely didn’t enter into it!


I work as a software engineer, my daily driver is Macbook Pro (m1, 16gb) and update them every 3 years on average. Do you know how much downtime I’ve had b/c broken package updates (linux), long unapproved software updates (win) malware or hardware failures? exactly zero.

That’s not luxury, thats a good tool to do the job for me.


There's also the fact that the most powerful laptops on the market are made by Apple.


also pushed for binance to support lightning network, which brings greater adoption of that tech


I'm Argentinian and we keep sharing mate as if nothing have happened. Off course there may be some people that started to drink their own mate but definitely not the majority, not even close.

Sharing mate is a ritual too culturally rooted to Argentinian society. It's hard to explain but it goes beyond drinking a hot beverage.


Ok, that's nice to hear. I must have believed anecdata too much


you can if you are in El Salvador for example


have you heard of lightning network?


The only problem with LN is that is actively requires an internet connection. Wherein Bitcoin could be done offline similarly to a Card Imprinter


lightning is a reimplementation of a part of visa, caching for response time and still recording on a blockchain, no?

reminds me of https://en.wikipedia.org/wiki/Greenspun%27s_tenth_rule


It's an alternative payment network, implemented as a bitcoin layer 2. You can argue that it's somewhat centralized, but not as much as Visa.


No, that is not how lightning works.


How is it essentially different?


Visa transactions can be reversed, Lightning transactions can not.

Bit a of an apple to oranges comparison anyways but that's the biggest difference.


Where do you actually use lightning? Does it work for you most of the time?


Well I've actually paid for street food using lightning, and also use it regularly it to send money to my family using Strike. It's instant and practically free.


So FedNow instant payments? If one has to choose between central finance with regulations, protections, and recourse and cryptofolks running DeFI with zero recourse, which is a financial participant more likely to choose?

https://www.frbservices.org/financial-services/fednow/about....


Just imagine you're not in your cushy first world country and that question answers itself.


Sure, crypto might be useful in a few backwater or failing nation states. In all other situations, it’s a dumpster fire being put forth as a solution when there are other superior options.

China, the US, or Europe could even offer digital wallets to individuals in those countries if they could get KYC worked out. Venezuelans use USD via Zelle for example, not crypto.

https://www.coindesk.com/markets/2020/06/16/venezuela-is-a-t...


check opendime: https://opendime.com


Bingo! Thanks for sharing


It exists and it’s called “proof of stake”, see Cardano and ETH2 for example.

The pros and cons are debatable but the technology is interesting. If you want to know more I recommend the Ouroboros whitepapers by IOHK.


Not if you count world cups.


Champions league is by far the best competition in the world. Number of world cups won is not a good criteria.


World cup is a different beast from the Champions league. The CL takes place over a much longer period of time and teams can better recover physically and emotionally. The world cup is a tour the force that Messi was never able to dominate and win. Messi is technically superior, no doubt, but was never able to consistently shine under psychological pressure. Delivering under pressure is what the likes of Maradona and CR7 have been able to do and that's what makes many soccer lovers call them the "best".


It is, but Messi didn't win them by himself, he had a stellar team around, which wasn't the case for most of Maradona's wins.

But it was a different football, comparisons are not really meaningful.


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