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Argentina goverment fixing the exchange rates - the LocalBitcoins solution
- macavity23 13y agoInteresting that localbitcoin are offering a 'blue market rate' on their site, but this is short on analysis. Try Jon Matonis' article here (but bear in mind Mr. Matonis is a major BTC supporter): http://www.forbes.com/sites/jonmatonis/2013/04/27/bitcoins-promise-in-argentina/ http://www.forbes.com/sites/jonmatonis/2013/04/27/bitcoins-p... This is a far more interesting aspect of Bitcoin than those of anonymity, Silk Road and ending dollar hegemony: offering citizens a way around their government fscking with their currency. This is a huge benefit that those of us living in stable Western democracies might have a hard time appreciating, and I'm hard-pressed to see a downside. Furthermore, the more acceptance bitcoin has for this purpose, the more jurisdictionally-distinct exchanges it gains, and the harder it becomes to shut down.