Well, I thought 💠at ironically post title it an appraisal for our financial system...
Grok - Illustrative
Hey, it's an alt bear market and we gotta make some jokes, British American tobacco company is probably doing good cause of exogenous events...
I'm not writing for some time cause I just didn't feel like, I wished I had infinity time and be more around sharing nice stuff, it would be too much time consuming doing book reviews e.g.
So I was really just doing that yesterday and thought to display how practical it can be. Just a brief steps of my Ui xp and my honest feedback of all that... And also how to easily navigate through layer 2 / 1 / exchange / bank on mobile.
Hey, unless inhaling CO² can make you live longer don't do it.
First I just go making some swaps on beeswap, even though they rugged their bxt token... Lame, now I think stock market is just more stable over a long period of time. In this case spl is paying for my cigarettes lol.
Then I go to alien engine and withdraw hive to layer 1 since beeswap also ceased swap.hive:hive convertions.
Now I'm having to use Binance since brazilian gov placed financial embargos at platforms for doing digital tokens convertions to PIX mechanism (an instantaneous zero fee national transfer using some key address), which Binance can easily fulfil... I was using skate hive platform before to convert hbd directly to pix, was very well implemented. So I took out some 5k reais last year that way... Little out of topic, but I can still see benefits of how hive or similar blockchains can help doing swap of interests rates operations.
At Binance I just swap hive for BRL (brazilian shitcoin). I screenshoted it after conversion, but their pools are very easy to deal with.
Now we gotta withdraw our BRL via pix, where we pay a fixed fee of 3,50 BRL (around 0,70 usd). Notice you gotta use the authenticator app with it. I know it doesn't make much sense in a frictional cost logic to take low amounts, but hive got do it's work. In xbot we trust 🦾
And then instantly receiving it, nice. It took less than 10 minutes without much attention...
Well the whole system is still a bit fcked up, lets include our real world basis...
It was only few bucks there as an example, around 4 usd bucks before fees. And arriving 3,40 usd liquid. A cigarette buck of marlboro red only costs 1,44 usd here (7,50 BRL or 8,50 depending on the package), looks cheap to me, so it left me some bucks to buy a power ade drink and a cupcake lol. Gladly I have others income sources obviously.
Just also saying how practical all that is, even though it still doesn't look optimal managed in any way either by web3 or countries...
I was also curious about cigarettes international purchasing power parity, how much do they cost at your economy in usd dollars? If talking with a fellow appreciator.
Are cigars a psy-op? I'd rather just grow some tobacco and roll some cubans lol...