nice press on bitcoin in argentina today

[aso118]

I've said it many times. Not London, nor Scandinavia. Argentina's very promising for BTC. Just like every country where the government, and local currency, aren't trustworthy.

Argentina s currency is strong now.

The current strength of the currency does not matter. It is not freely convertible and its banks are mandated to exchange foreign currency at rates fixed by the government. Argentina is fertile ground for Bitcoin to grow and succeed.

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[tyz]

So, if all those disadvantages of the local currency exist why isn't Bitcoin making any remarkable progress in such countries like Argentinia?

I've said it many times. Not London, nor Scandinavia. Argentina's very promising for BTC. Just like every country where the government, and local currency, aren't trustworthy.

Argentina s currency is strong now.

The current strength of the currency does not matter. It is not freely convertible and its banks are mandated to exchange foreign currency at rates fixed by the government. Argentina is fertile ground for Bitcoin to grow and succeed.

[Amph]

So, if all those disadvantages of the local currency exist why isn't Bitcoin making any remarkable progress in such countries like Argentinia?

I've said it many times. Not London, nor Scandinavia. Argentina's very promising for BTC. Just like every country where the government, and local currency, aren't trustworthy.

Argentina s currency is strong now.

The current strength of the currency does not matter. It is not freely convertible and its banks are mandated to exchange foreign currency at rates fixed by the government. Argentina is fertile ground for Bitcoin to grow and succeed.

they simply don't have enough funds to invest, and because of this they can't raise a good infrastructure for bitcoin

[OROBTC]

...

Based on what I am hearing from Argentina (two of my three localbitcoin suppliers visit Argentina regulalrly) and the fact that of the FOUR Peruvian tech people I have talked to here in Peru (on visit), I would have to conclude:

That a financially repressive country like Argentina with an active IT community needing financial freedom to move funds around is an ideal place for BTC to make quick advances.

Argentina is worth keeping an eye on.  I wonder how China and Russia are now re Bitcoin...  CHINA now mines over 50% of it!  Russia is cracking down.

Peru imposes very few capital controls (similar to the current USA policies actually).  NOT ONE of the four Peruvian IT guys even knew what I was talking about.

[manselr]

...

Based on what I am hearing from Argentina (two of my three localbitcoin suppliers visit Argentina regulalrly) and the fact that of the FOUR Peruvian tech people I have talked to here in Peru (on visit), I would have to conclude:

That a financially repressive country like Argentina with an active IT community needing financial freedom to move funds around is an ideal place for BTC to make quick advances.

Argentina is worth keeping an eye on.  I wonder how China and Russia are now re Bitcoin...  CHINA now mines over 50% of it!  Russia is cracking down.

Peru imposes very few capital controls (similar to the current USA policies actually).  NOT ONE of the four Peruvian IT guys even knew what I was talking about.

China has BTC "regulated", yet they have some of the biggest if not the biggest mining operations on the planet taking entire buildings with noisy ass fans all over the place. I always wondered how is this even possible.

[aso118]

they simply don't have enough funds to invest, and because of this they can't raise a good infrastructure for bitcoin

For Bitcoin to succeed, all you need is people with access to the internet. The rest of the fancy infrastructure is optional.
As long as you have people willing to transact with Bitcoin, it has a very good chance to succeed.