Opinion: Have Brazil’s Lula and Argentina’s Fernandez heard of cryptocurrency?

“Good concepts out of context are like shiny objects misplaced in a darkish subject,” American author Seth Godin as soon as mentioned. “They catch your consideration, however don’t have any actual utility.”

Brazilian President Luiz Inácio Lula da Silva and Argentine President Alberto Fernández have been making headlines for a proposal to create a standard foreign money between Argentina and Brazil. The thought for a standard foreign money arose about 25 years in the past in an article written by two famend economists and, within the context of the time, made sense. This concept has now been resurrected as a political opportunism play with a touch of ideological propaganda, however it lacks actual utility.

Proceed Studying on Coin Telegraph