" When someone tries to buy all the world’s supply of a scarce asset, the more they buy the higher the price goes. At some point, it gets too expensive for them to buy any more. It’s great for the people who owned it beforehand because they get to sell it to the corner at crazy high prices. "
- Satoshi Nakamoto
The most common demand among Lebanese individuals is to have the ability to utilize Bitcoin for international transactions through a virtual or physical debit card that operates on Bitcoin.
However, up until now, Lebanese individuals have been excluded from this system.
I have experimented with various Bitcoin onramp applications that offer virtual cards, and although most of them cater to third-world countries, they share a common feature:
None of them permit Lebanese users.
Insolvent Lebanese banks going on strike again, effectively shutting down their operations in order to delay their total annihilation.
Lebanese banks are broke, Lebanese Central is broke, Lebanese Lira is done.
My friendly advice to all my peers irl :
I kindly suggest that if you're considering having children or already have them, it may be beneficial to aim for saving at least 10 million SATs for each child's future.
*Non a financial advice