Bitcoin Forum

Economy => Economics => Topic started by: 99Percent on February 21, 2012, 12:38:55 AM



Title: India to pay gold for Iran oil, China may follow
Post by: 99Percent on February 21, 2012, 12:38:55 AM
http://rt.com/news/iran-india-gold-oil-543/

Quote
Both India and China, two major buyers of Iranian oil accounting for 22 and 13 percent of its total export respectively, have refused to join such sanctions. This means they have to establish a reliable way of paying for crude, independently of the parts of the global financial system controlled by New York and London.

Carrying all that gold around... what a nuisance.

Only a matter of time when bitcoin is used instead.


Title: Re: India to pay gold for Iran oil, China may follow
Post by: paraipan on February 21, 2012, 01:59:35 AM
........

Only a matter of time when bitcoin is used instead.

maybe propose the idea we have a digital gold easier to transfer ?


Title: Re: India to pay gold for Iran oil, China may follow
Post by: Bro on February 21, 2012, 07:25:42 PM

Carrying all that gold around... what a nuisance.

Only a matter of time when bitcoin is used instead.

More like, global financial transactions controlled by NY and London.. what a nuisance


Title: Re: India to pay gold for Iran oil, China may follow
Post by: molecular on February 21, 2012, 09:53:54 PM

Carrying all that gold around... what a nuisance.

Only a matter of time when bitcoin is used instead.

More like, global financial transactions controlled by NY and London.. what a nuisance

I agree.

http://falkvinge.net/2011/06/18/bitcoins-four-drivers-part-two-international-trade/