It's wild while living in Argentina as a foreigner to experience 3 different exchange rates for US dollars to Argentine pesos

Official gov rate (e.g. airport stand): 
$1 for ~185 pesos

VISA/Mastercard (diff than official gov rate as of Nov 2022): 
$1 for ~330 pesos

Black market ("blue dollar"):
$1 for ~370 pesos

Co-founder @bountycaster (bountycaster.xyz). Co-producer @ethereumfilm. Previously co-founder of Scalar Capital and product at Coinbase

are people still using tron stablecoins on binance? (the custodial binance app, not BSC...)

i get why they do it; zero fees, $1=$1, phone-call-based account recovery. but it's a ticking bomb for sure

Real World Ethereum 🌎 
building /daimo ✳️ 

That’s actually the reason why trc volumes are so high—people depend on it to make payments in countries like Iran, Nigeria, etc. where fx payment infra is tightly controlled

In our western eyes it’s a time bomb but there’s literally millions of people using it for their daily lives

making crypto useful | writing https://tylerscharf.substack.com/ | core @crowdmuse | tyscharf.twitter

i know! which is great in that it shows a real important non-speculative market for crypto

but it's a precarious stopgap

Ethereum should feel a serious sense of urgency to compete