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Interesting 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
by macavity23 13y ago
Interesting 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.