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Author Topic: ARGENTINA - THE 1ST COUNTRY WITH A BITCOIN BASED ECONOMY?  (Read 2373 times)
Spendulus
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February 22, 2014, 01:56:54 AM
 #21

Using Localbitcoins. Due to the incredibly high crime (thanks to the fucking narco-government) not too many are willing to risk their lives in a meeting with a stranger.
What crime risk can be if you meet in the public place in daytime?! The only one I can imagine is the stranger will be a cop Grin
If this is the edge of hyperinflation, no cop could feed or support his family on the salary, so they would be on the take from necessity.  That was the reason the cops recently went on strike.  

Ergo, nothing to worry about from cops.  You'd want to get one or a couple to hang out where the local transfers were made.  Give them a steady income.

What nobody will be understanding is how rapidly the onset of an inflation like this will be.  If I was down there, I'd likely go get a car or two on fixed interest loan.

I am not advocating illegal activity, this is all well understood and has been the subject of numerous books.

fiction - black obelish, remarque
non fiction - dying of money, parssons

magdapani
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February 22, 2014, 03:47:43 AM
 #22

Since there are only going to be 22 million Bitcoins, won't it be annoying for the masses to deal with decimals? That could be a legitimate negative to common people.
Spendulus
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February 22, 2014, 05:01:22 AM
 #23

Since there are only going to be 22 million Bitcoins, won't it be annoying for the masses to deal with decimals? That could be a legitimate negative to common people.
I see what you are saying.

Sell me a loaf of bread.

Okay, pay 0.00000001 please.

Huh?

........
try again

Sell me a loaf of bread.
Okay, pay one satoski please.




markjamrobin
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February 22, 2014, 06:17:00 PM
 #24

Since there are only going to be 22 million Bitcoins, won't it be annoying for the masses to deal with decimals? That could be a legitimate negative to common people.
I see what you are saying.

Sell me a loaf of bread.

Okay, pay 0.00000001 please.

Huh?

........
try again

Sell me a loaf of bread.
Okay, pay one satoski please.






A loaf of bread right now, at least in the U.S. is about .0025; not that hard. If you can't count that, you shouldn't be using Bitcoin.

Spendulus
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February 23, 2014, 06:40:54 PM
 #25

Since there are only going to be 22 million Bitcoins, won't it be annoying for the masses to deal with decimals? That could be a legitimate negative to common people.
I see what you are saying.

Sell me a loaf of bread.

Okay, pay 0.00000001 please.

Huh?

........
try again

Sell me a loaf of bread.
Okay, pay one satoski please.






A loaf of bread right now, at least in the U.S. is about .0025; not that hard. If you can't count that, you shouldn't be using Bitcoin.

http://www.ustr.gov/countries-regions/americas/argentina

It looks like Argentina buys twice as much from US as the US buys from Argentina.  Purchases of "services" from the US, as opposed to hard goods, is way up as  a percentage.

U.S. imports of private commercial services* (i.e., excluding military and government) were $1.7 billion in 2011 (latest data available), up 12.9% ($192 million) from 2010, and up 48% from 2000 level. The other private services (led by business, professional and technical services) and the travel categories led U.S. services imports from Argentina.

Some of those services could be transacted in bitcoin.  It only takes the parties involved choosing to do so...

US travel agents could arrange partially bitcoin paid tours, hotels, excursions, etc in Argentina.  Just one example.
germanach
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March 14, 2017, 08:06:00 PM
 #26

The best thing for btc is to be associated with stable fiat

For the masses sure, but I think most of us would prefer to be independent from the government.

we search independence from BANCGSTERS not from goverments
Lieldoryn
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March 14, 2017, 09:14:24 PM
 #27

Dollars buy in countries with unstable currencies to protect their savings. Why in Argentina to buy bitcoin? You will store in your bitcoin savings? Who can give a reliable forecast for the half year the year ahead what will be the price of bitcoin?
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