I wonder how those who work from a third world country like Argentina with a hard fiat currency control from our government will achieve to get paid without being robbed by it.
I'll explain: today our government forbids us from buying foreign currency such as the US dollar (200 tops for a really REALLY small portion of the population) so a black market has been at place since the prohibition started many years ago. In this market each dollar corresponds to 200 pesos while the government states each one costs around 100 pesos.
So, if you work for a company outside, and the pay you 1000 usd, you get 100,000 pesos when you could get 200,000 in reality. Not only that, you also are forbid from buying dollars, so if you want to get them to avoid our rampant inflation (50% average, around 100% for groceries) you only have the black market which is around 200 pesos.
I know about the damages to the cliamte of crypto mining but consider also that there are some beneficial uses of these currencies for people like me who don't live in the first world.
I'll explain: today our government forbids us from buying foreign currency such as the US dollar (200 tops for a really REALLY small portion of the population) so a black market has been at place since the prohibition started many years ago. In this market each dollar corresponds to 200 pesos while the government states each one costs around 100 pesos.
So, if you work for a company outside, and the pay you 1000 usd, you get 100,000 pesos when you could get 200,000 in reality. Not only that, you also are forbid from buying dollars, so if you want to get them to avoid our rampant inflation (50% average, around 100% for groceries) you only have the black market which is around 200 pesos.
I know about the damages to the cliamte of crypto mining but consider also that there are some beneficial uses of these currencies for people like me who don't live in the first world.