Just seeing the amount of IT workers from Brazil (me included) fleeing to Portugal...
It can't compete with the north in wages (especially the kinda-north countries which also have special tax regimes for immigrants), but it's much safer than the other CPLP countries, guess that's the strategy behind the new foreign law ?
I think that, for better or worse, we'll be an important factor in the portuguese demographical and budgetary future
How much is a reasonably priced home going for in Portugal now? What are the good areas to buy in? What urban area would be good? What area in the countryside would be good?
Sure, next time an armed militia thug comes around for "taxes" show him your magical numbers.
I mean, this huge portion goes straight from "unbanked" to using a convoluted highly technical solution that has high volatility and no legal recourse whatsoever... stonks!
Speaking of legal recourse, we just recently saw the Government of Canada try and stamp out a form of political protest by trying to arbitrarily freeze participants' bank accounts. Regardless of how you feel about that particular protest, the type of legal recourse many people might think exists with banks might not actually exist, particularly for those who don't toe the line with all of their government's viewpoints, or if there's an actual emergency.
As far as high volatility goes, the question you should be asking is "volatility, relative to what"? The rate of Bitcoin "inflation" is known and transparent. Now compare that to the power of the virtual printing press and the effects of inflation on fiat currencies' buying power.
I just envision an old man yelling at clouds. I won't convince you. Maybe go read about some bottom up adoptions of bitcoin in places like Nigeria. Or don't, I don't care. You shouldn't buy any and probably should short it.
Spotify is trying to add new revenue streams and revenue growth.
Netflix is fighting content being taken away - they didn't have their own, and now content owners realize the value of their catalogs. There are also lots of new players (HBO, Disney, Peacock, Amazon, Apple). Once Netflix builds a bigger catalog, they can relax and curate better.
Amazon and Apple don't have these problems. They can purchase studios to artificially build their catalogues. If they weren't buying content, Netflix would be paying less. In fact, Netflix would probably be the beneficiary of studio consolidation if the giants were not writing checks too.
Spotify and Netflix don't have a grocery store or hardware business unit to help speed up investments.
It's vastly unfair to have horizontally scaled command of several industries, especially when they have built in synergies you can abuse.
netflix: costlier so-so content AND a soul crushingly annoying interface. I am 100% sure that I will never want to watch the vast majority of the items available, and yet I must scroll past them over and over and over in four to ten different rows during the same session even.
Not being pegged to a state-controlled currency means your devalued currency competes with stronger ones, at least on the fictitious transitional period, you're sure you want that ?
Assuming a stateless money, when/if someone then steals your crypto coin, which gov't backed law/judicial system are you gonna turn to ?
> Assuming a stateless money, when/if someone then steals your crypto coin, which gov't backed law/judicial system are you gonna turn to ?
In many regimes where you can't trust the government, it's not really relevant what kind of currency is stolen, the police are probably not the people you'll go to for restitution.
There's an argument to be made that some cryptocurrencies (privacy-coins specifically) may also give you more protection from your finances being seized by a corrupt government, though you're generally SoL in such situations regardless of how you keep your money.
if you aren’t wealthy you are effectively priced out of the US law/judicial system anyway.
If I took $5,000, maybe even $10,000 from you right now there would be almost nothing you could do because the legal efforts to pursue me for that amount would likely equal or surpass that.
The probability of government controlling/seizing my money or fixing foreign currency rates (effectively limiting my income severely) is more than someone compromising my crypto wallets. I don't do anything illegal, I just live in a country with an extremely corrupted government and economy.
I think you misread their comment. They said that not being pegged to state-controlled currency is a dealbreaker, whereas you seem to be thinking they said it was something they wanted.
Less snark would be preferred to elicit a response, but yes- there are more cheap computers than people in the world, and smart phones are near ubiquitous even in very poor places. You simply don't have the life experiences to make this criticism. i.e. PRIVILEGE
Don't forget enough tech expertise to be able to use any of this crap in any "decentralized" way (if they all just use coinbase, where is that decentralization?)
