In a context of growing interest in cryptocurrencies and decentralized technologies, Buenos Aires will be one of the venues for the Cardano Constitutional Convention, which will take place from December 4 to 6 together with Nairobi, marking a new chapter in the evolution of this global ecosystem.
The Cardano Constitutional Convention, organized by Intersect in collaboration with Input Output, marks a historic milestone in the development of its ecosystem. blockchainknown for its scalability, sustainability and interoperability.
For three days, elected delegates from around the world met in two venues –Buenos Aires and Nairobi- to shape the constitution of Cardano. This process is the result of more than two years of collaborative work, which included 65 workshops in more than 50 countries and the contributions of more than 2,000 community members.
In that frameworkCharles Hoskinsoncreator of Cardano, gave his opinion on the recent appreciation of the Argentine currency. It is worth remembering that the Argentine peso became the currency with the best global performance between December 2023 and October 2024, appreciating 40% in real terms.
This figure far exceeds the Turkish lira (+16.5%) and the Malaysian ringgit (+8.5%). In contrast, the Brazilian realthe currency of Argentina’s main trading partner, devalued 13% in the same period, according to a GMA Capital report based on data from the Bank for International Settlements (BIS).
“Good leadership has been key to the strengthening of the peso. President Milei has expressed his affinity for private currencies and adheres to certain economic currents that question the need for governments to issue money. This approach encourages monetary competition, somewhat that Argentina seems to be exploring at the moment,” Hoskinson noted.
In addition, he stressed that the structural reforms promoted by Milei will imply, at some point, a ministerial restructuring. “This requires educating the population, ensuring compliance with the law and promoting a national identity, whether under the direction of the government or the private sector.”
Comparisons with deregulation models in the US
Hoskinson drew parallels between adjustment policies in Argentina and spending reduction strategies in the United States, mentioning examples such as Federico Sturzenegger and the decisions of Elon Musk. “These reforms represent a unique collaboration between both countries, which could even include dialogues on cryptocurrencies at the presidential level. This is unusual for an industry of this scope, but it makes me optimistic about the influence Argentina could exert on US politics,” he said. .
Cardano Convention
Furthermore, the creator of Cardano pointed out that the debate on the decentralization of government powers is comparable to the approach in the US, where states assume responsibilities that previously belonged to the federal government.
“Cut and rebuild”: transparency and accountability
Hoskinson advocated for structural reforms based on transparency and accountability, highlighting that this approach can be applied both in Argentina and in other countries. “When there is evidence of corruption or fraud, it is essential to implement audits and use technology to ensure accountability. In the United States, we have seen significant failures, such as in the Department of Defense, where hundreds of millions of dollars and lives have been lost This underlines the need to restructure to obtain better results with lower costs,” he explained.
Source: Ambito
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