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Whatever people are doing to get the pesos, they can do directly for bitcoin instead.
by gojomo 13y ago
Whatever people are doing to get the pesos, they can do directly for bitcoin instead.
- zfran 13y agowho's gonna pay in bitcoin when they can do it in shitty soon-to-devaluate pesos?
- gojomo 13y agoWho's going to take pesos when someone else is offering bitcoin?
- wslh 13y agoYou have dollars and Argentinians love dollars. You can buy and sell dolars in the [not so] black market.
- fancyketchup 13y agoWho's going to offer bitcoin? Nobody living in Argentina has any to offer. American and European tourists? Why wouldn't they keep their (appreciating) bitcoins at home and just offer to pay in Dollars or Euros?
- politician 13y agoThey can bootstrap a Bitcoin-variant on a new block chain, and have plenty and plenty which are calibrated to the local economy rather than the Western economy. Remember, money doesn't have intrinsic value. There's no reason a bunch of pissed off middle class educated people can't en masse adopt a new way of trading resources.
- maxerickson 13y agoI was careful to ask how the bitcoin are going to get into the in-country economy. If no one has any bitcoin then no one can work for bitcoin. Of course, Argentinians could attempt to bootstrap their own cryptocurrency..
- marshray 13y agoPerhaps we ought turn the question around: Under such circumstances, how is anyone going to keep bitcoin out of Argentina?
- maxerickson 13y agoI don't think anyone is going to keep bitcoin out of Argentina. I just don't see how enough of them can get in for it to matter all that much.
- wslh 13y agoOf course, Argentinians could attempt to bootstrap their own cryptocurrency.. It's ironic that one of the cryptocurrency experts is Argentinian: http://bitslog.wordpress.com http://bitslog.wordpress.com