Bitcoin Forum

http://cointelegraph.com/news/argentina-tops-list-of-countries-with-greatest-bitcoin-adoption-potential

I don't doubt that it is true. There was already a thread about the president said to be pro-Bitcoin. By the way, was it finally true ?

Argentina's capital controls and huge corruption sector of the economy is making billions. I doubt they will let their privileges go that easy. The president just said Branson's talk was interesting and it wasn't just about bitcoin.

The story was about one of his ministers who was a Bitcoin enthusiast. I doubt that it was true, but if it is, that would be good news.

I think you're mixing things. Argentina elected a new president 5 months ago and that talk was at Davos so he was in office for only 1 month. The "capital controls" and "huge corruption" are things from the previous populist administration. This new president is a huge relief for me as Argentinian, he has Great Vision and Leadership in all this new era for Latin America politics (Venezuela imploding, Brazil crisis, new position for Cuba, etc).

Bitcoin is really well accepted here btw, there are already some bars, taxis and stores that accept it. The majority of them uses BitPagos that is an Argentinian enterprise that is making the process of accepting bitcoin a 5 minutes thing, awesome for small companies and freelancers.

Well, hope dies last... of course it will be difficult to beat the economic destruction of the Kirchner regime.


It's great to hear reports from people, who are actually residents of a country mentioned in media reporting. There have been so many fake stories about international Bitcoin progress that I'm very hesitant to believe in any of these stories without credible confirmation by an insider. So, thank you!

That said, the Bitcoin Market Potential Index appears to be a totally artificially construed index, whose applicability to real world Bitcoin adoption seems very limited to me. I would argue that general penetration of information technology (esp. the internet) and average individual wealth are much simpler yet much better predictors of Bitcoin success in a country. It seems not realistic to me listing Sub-Saharan countries at top ranks that have very limited and/or expensive internet access.

ya.ya.yo!

5 blocks from where I live in Argentina. Women's clothing store.
https://fbcdn-sphotos-a-a.akamaihd.net/hphotos-ak-xpa1/t31.0-8/13304979_10209695536164547_1669244470255159596_o.jpg



 ;D

It would be nice to see more shops accepting bitcoin, not just in Argentina, but also in other parts of the world. And I hope it is not just the high end shops that would accept it. Retail shops that cater to the masses would eventually benefit from these if transactions are paid via bitcoin.

Great! Nice to see a real adoption after years reading about the bitcoin and Argentina!

I believe Africa should top that list, because they are already moving forward with alternate payment and digital currencies. They have a vibrant cellphone network and stiff competition between service providers. If we can get them to accept Bitcoin as a national currency, they might just be able to make banking cheaper and remittance faster.

They will benefit the most from the micro payment features, because small informal trade is popular in most of these countries. ^smile^   

They've removed capital controls from Argentina - so it is interesting that the bitcoin adoption hasn't abated. I guess the Argentinians don't quite trust that things will go back to normal and are clinging to their alternatives to protect themselves.

i dont know how bitcoin can spreading in argentina and other latin america countries,and so far i just know brazil and argentina lead bitcoin and have good potential in bitcoin developing,anyone come from argentina and can tell us how bitcoin growth there?

That is amazing! Not too far we will see that sticker on all the shop doors in Argentina.That is the right away to spread bitcoin awareness too! Not surprised with the OP's post,totally makes sense!

Love it!

Those people were something far away in technology acceptance compared to us who are still lacking. Thy prioritize technology along with growth.  As said I too heard Brazil is the country with large number of stores accepting bitcoin for the provided service.

Probably China have greatest BTC adoption potential - China have population ~ 1.381 billion. Argentina's population is ~ 43 millions only. So in China potential is quite larger.  ;)

That logic is really crazy because China, then, have potential for anything. And that of course isn't true.

Logically we will believe that china have bg potential in bitcoin adoption because their population so big,and biggest in this world,but also we should know that china also have poor people there,and its still hard for them to using bitcoin,and argentina look like better from wealthy factor.

Your view of China is about 2 decades ago. China is rapidly becoming a wealthy country:

Young, rich Chinese want polar experiences, nice pillows (https://www.google.com/search?q=Young%2C+rich+Chinese+want+polar+experiences%2C+nice+pillows)

I'm not surprised that Argentina is becoming one of the most friendly countries for Bitcoin, to my knowledge they've been relatively friendly to the idea and I wouldn't be surprised if they continue to get more and more friendly as time progresses.

Seems like a good thing overall, I can't wait to see where this goes.

It's not a logic man, chinaFrom 1.381 billion peoplChina only some people who can be absorbed by bitcoin. The total of the population it's not become a reliable measure to predict bitcoin potential.

It is not only Argentina. All the South American continent has a lot of potential in accepting Bitcoin.

You can look at Brazil as an example. Brazil is currently the South American country with the biggest adoption. They have a lot of steam going on right now and a lot of businesses popping out!

Yes Brazil is also a great example where crypto can flourish especially in these troubled times. There's also a strong chance for innovation, new apps and business models emerging from these countries since there are many developers, designers & entrepreneurs doing great work.

Put a fraction of a Bitcoin in every person's hand, in any of these countries below, and you will see what happens with Bitcoin :

Top 20 Largest Countries by Population
 
 1  China 1,409,838,831
 
 2  India 1,297,494,554
 
 3  U.S.A. 323,973,436
 
 4  Indonesia 258,618,759
 
 5  Brazil 205,311,460
 
 6  Pakistan 191,065,270
 
 7  Nigeria 188,407,829
 
 8  Bangladesh 162,293,843
 
 9  Russia 141,761,336
 
 10  Japan 126,721,803 
 
 11  Mexico 126,690,513
 
 12  Philippines 103,479,178
 
 13  Ethiopia 101,341,086
 
 14  Vietnam 94,253,087
 
 15  Egypt 86,025,182
 
 16  Germany 82,508,399
 
 17  Iran 80,490,379
 
 18  Turkey 77,619,881
 
 19  Congo 73,081,358
 
 20  Thailand 67,636,425

I think we have not even reached {people who have heard of Bitcoin} 1% of the combined total of these countries, imagine what will happen if they hear about this and they adopt it.  ;D