Didn’t some country already try this and fail miserably?

Edit: Oh yeah, El Salvador invested $150M in bitcoin only for it to lose half its value lol

Edit 2: lmao at the replies. For those of you who haven’t read the Wikipedia article on this, here’s the gist of it:

• Salvadorian president Bukele forces businesses to accept BTC as legal tender, sets aside $150M in cash to back up his BTC plans, and offers $30 to anyone who signs up to a government-backed digital BTC wallet. Most Salvadorians never used it, and most who did just spend their $30 and leave. Less than 0.0001% of financial transactions use this BTC digital wallet, and most Salvadorians disapprove of Bukele’s decisions, with >70% having little or no confidence in BTC, and 9/10 not even understanding what it is.

• Bukele announces a “Bitcoin City”, which leads to El Salvador’s overseas bonds to fall by 30%.

• In 2022, because of the BTC crash, the Salvadoran national reserves lost $22M.

• By 2022 only 20% of businesses were actually using BTC, and only 3% thought it was actually valuable. By that point El Salvador’s BTC had lost half of its value, and Bukele responded to its volatility by “buying the dip” like a maniac, with many economists predicting the country would likely default on its debt. And in usual right-wing fashion he cut public spending to make up for his incompetence, including water infrastructure and public services in some municipalities.

• Finally, after all of this bullshit, in March 2024 El Salvador’s BTC holdings stood at a 50% profit. Now that it’s valued at >$100K their profit is higher, though by how much I’m not sure. Bukele still hasn’t sold the BTC for some reason.

If you look at all of this and genuinely think that the recent (and undoubtedly temporary) increase in the value of Bitcoin makes this whole thing a “Big Chungus W win for Bitcoin” or whatever, I strongly urge you to stay away from crypto and any casinos for your own sake. I assure you that there are plethora of better ways to spend the time of government employees and taxpayer money, and you deserve better than whatever faux-utopia crypto bros have sold to you. Actually investing in the country’s infrastructure and economy, or even something like Norway’s sovereign wealth fund, are much better ways to improve the economy without some long-term gamble that causes citizens to suffer.

-40

OP do you live in Antarctica

Really it’s going to depend on the specific product and where/how it’s produced, but of course as with anywhere else a lot of our stuff is imported from other countries, so since the Brazilian Real lost a lot of its value relative to other currencies in the past few years things have gotten a lot more expensive.

This is obviously not an exact or thorough comparison, but just to give you an idea: The minimum and median wages are, respectively (assuming the usual 40h/week of work):

U.S. - $1.160 | $4.949

Brazil - R$1.412 ($231,86) | R$3.123 ($512,82)

I could be completely wrong but the cheapest USB-3 phone charger I saw on Amazon was $5, so 0.43% of the minimum wage and 0.1% of the median wage, while in Brazil’s main online shop (Mercado Livre) the cheapest one I saw was R$32, or 2.3% of the minimum wage and 1% of the median wage, which seems about right considering the dollar is about R$6 right now.

A new Nintendo Switch Lite costs $200, while here in Brazil the cheapest one I could find was R$1400, so almost the entirety of our minimum wage.

Point is, most things, and especially electronics, are expensive as heck nowadays.

Well, he ain’t wrong.

I feel bad for Americans, but a selfish part of me kind of hopes that the dollar crashes so that electronics become cheaper here in Brazil.

IDK why but I actually thought the title was this pun when I first read it. It was only after reading your comment that I realized that OP didn’t actually cash in on the joke (skill issue, smh).

Ouch my cholesterol

If by tasteful you mean furry vore…

Then yeah, tasteful.

For “a little bit of trolling” I’d put this image: