I did not know about Strike but after reading about it I did find it really cool! Since most wallet, like the one am using does have lightning network but they don't really allow buying and selling and then you have to send it to a normal one and it's apparently very costly moving them around. I wonder how positively would it be taken overall, this would be so much better than normal wallets since :
The fee would be so low
It would be instant
But on the other hand I wonder if it would be safe enough to be used for bigger transactions as well. Right now the market is also down which does mean that it would be a great time to invest. Plus I do think it would also make the whole lightning network have some positive advancements. Also their expansion is underway which does mean that we will be seeing a much bigger and better system connecting more economies and countries as well.
Topic: Strike has launched in Argentina - page 2. (Read 264 times)
On the one hand, it is positive that people in Argentina will get an additional option to invest in Bitcoin, but does that mean that the average resident of that country will now start investing more in Bitcoin than before? It seems to me that it will not, because the availability of such an application will not increase investment in Bitcoin because the poor man does not invest in anything other than in the basic things he needs for life. In addition, Bitcoin sometimes loses in value much more than paper money, and it's not at all pleasant to wake up in the morning and see that you've lost 20% - this may mean that you may not be able to pay for electricity or gas that month.
I am surprised that foreign remittances are not mentioned, because this is something on which Strike based his business in El Salvador, and this is also the case in negotiations with the Tonga authorities.
I am surprised that foreign remittances are not mentioned, because this is something on which Strike based his business in El Salvador, and this is also the case in negotiations with the Tonga authorities.
I think it's great that there's a way to benefit from lightning without technical knowledge and to use Bitcoin easily for payments. I looked at their website, and they have both an app and Visa cards. What caught my attention is that they claim not to have "added fees", and that if you buy $100 worth of Bitcoin, that's exactly what you get. So how do they make profit, then? Surely it's not just out of advertising? A monthly fee, perhaps?
I'm wondering as well. But I'm guessing this is something like how a lot of apps started; basically zero fees at the beginning and when they gain a huge amount of adoption, then they'll add a small fee. That, or they'll create supplementary products that they could actually profit off; something like Cash App. 
Also, it is, of course, a custodial solution, and while I think it will be acceptable for most of those trying to escape inflation, some won't like it because 'not your keys, not your coins'.
If someone wants to stay on its lane, the best is to use decentralized exchange but I do not know why only few people are the ones that prefer decentralized exchanges, it is better because anything about bitcoin supposed not to be centralized.But most people like the opposite, they like convenience than privacy, privacy is the best but people like what is trendy and easy in a way there can be almost free transactions, that is why centralized ways has been around successfully, but the privacy people will not go for it.
I think it's great that there's a way to benefit from lightning without technical knowledge and to use Bitcoin easily for payments. I looked at their website, and they have both an app and Visa cards. What caught my attention is that they claim not to have "added fees", and that if you buy $100 worth of Bitcoin, that's exactly what you get. So how do they make profit, then? Surely it's not just out of advertising? A monthly fee, perhaps?
Also, it is, of course, a custodial solution, and while I think it will be acceptable for most of those trying to escape inflation, some won't like it because 'not your keys, not your coins'.
Also, it is, of course, a custodial solution, and while I think it will be acceptable for most of those trying to escape inflation, some won't like it because 'not your keys, not your coins'.
Whether they will or wont adopt the Bitcoin standard is anyones guess but they will have
to do something in this current climate of rising inflation.
They have very little choices, their Peso is worthless and the US$ is not an option either so
Bitcoin is a real option especially as El Salvador is pioneering that use case ahead of
every other country.
to do something in this current climate of rising inflation.
They have very little choices, their Peso is worthless and the US$ is not an option either so
Bitcoin is a real option especially as El Salvador is pioneering that use case ahead of
every other country.
When the president of El Salvador, Bukele, said that by 2022 there would be two countries that would follow in his footsteps, I thought of Argentina. Let's hope it is true and that other countries will join them. Let's see if the big guys learn and realize that the best way to fight inflation is the Bitcoin standard, but that's a long way off, I'm afraid.
At least the president of Argentina said last year that "there's no reason to say no":
https://bitcoinmagazine.com/culture/president-of-argentina-open-to-adopting-bitcoin-as-legal-tender
With Strike opening up there, and having more people in government there understanding more about Bitcoin, it looks like a great candidate for the next country to make Bitcoin legal tender.
They also have already sent last year a bill to congress that would allow some workers, like exporters, to be paid in Bitcoin instead of having to exchange their salaries into Argentinean Peso:
https://bitcoinmagazine.com/culture/argentina-national-congress-bill
Looks like Argentina is positioning itself quite nicely to become the next one.
This might even position Argentina as a candidate for becoming the next country that makes Bitcoin legal tender.
When the president of El Salvador, Bukele, said that by 2022 there would be two countries that would follow in his footsteps, I thought of Argentina. Let's hope it is true and that other countries will join them. Let's see if the big guys learn and realize that the best way to fight inflation is the Bitcoin standard, but that's a long way off, I'm afraid.
Strike is one of the simplest and cheapest ways to buy Bitcoin and pay using lightning.
Argentina has one of the largest inflation problems in the world. In about a decade, one Argentinean peso went from roughly $1 to roughly one cent.
Here's the announcement:
https://twitter.com/jackmallers/status/1480964517169410055?s=21
I can see this as the beginning of a new era for Bitcoiners in Argentina. The ability to exchange their fiat for Bitcoin in an easy and cheap way will help many in there.
This might even position Argentina as a candidate for becoming the next country that makes Bitcoin legal tender.
Argentina has one of the largest inflation problems in the world. In about a decade, one Argentinean peso went from roughly $1 to roughly one cent.
Here's the announcement:
https://twitter.com/jackmallers/status/1480964517169410055?s=21
I can see this as the beginning of a new era for Bitcoiners in Argentina. The ability to exchange their fiat for Bitcoin in an easy and cheap way will help many in there.
This might even position Argentina as a candidate for becoming the next country that makes Bitcoin legal tender.
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