Seems like the airdroppped $30 BTC is not allowed to be sent outside of the "Chivo" system. This is pretty much the same as what the fiat banking system does in many countries preventing users from freely spending their money in the free market.
Very bearish.
Very bearish.
https://twitter.com/aveotero/status/1435235216906506256
This will cause black markets to form where people wishing to free their "stuck" money will have to find a counterparty on the street who is willing to accept these "stuck" bitcoins in exchange for bitcoins/USD outside of the system.
So a user will send their $30 to the agreed counterparty within the system and then get paid an amount less than $30 outside the system.
In Lebanon these are known as "Lollars".
In Lebanon these are known as "Lollars".
At the end of the day, these are just the same central bank tricks that fiat systems play on citizens of their own countries.
But we need to be patient to see how this will all shake out in the coming weeks.
But we need to be patient to see how this will all shake out in the coming weeks.
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