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Author Topic: Argentina invents new ways to rob citizens, prime market for bitcoin  (Read 4227 times)
matonis
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October 23, 2012, 09:16:36 AM
 #21

Things are getting interesting in Argentina...

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http://thebluemarket.wordpress.com/2012/10/18/bitcoin-dollars-and-pot-banging-protests-in-argentina/

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Jay_Pal
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October 23, 2012, 09:58:32 AM
 #22

Great articles.
Thank you both.

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October 23, 2012, 11:48:54 AM
 #23

Great articles and go for the BTC Argentina!! be the first country to adopt it and watch all the others follow!!

muqali
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October 23, 2012, 04:01:00 PM
 #24

Hope the Argentinians like not having medicines and certain foods. There are times in Caracas where you can't buy what you want cause it isn't there.

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freequant
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October 23, 2012, 04:15:30 PM
 #25

Purchases outside Argentina using peso-denominated cards soared 48 percent in June compared to the year before, obligating the central bank to send $289 million out of the country in just one month.
Is 289 M$ in a month supposed to be a big sum?
Sounds pretty casual for a central bank.
freequant
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October 23, 2012, 04:32:20 PM
 #26

But who wants to buy pesos?
If everyone is only wanting to sell, then it can't work.
On the other hand, they can sell physical good for Bitcoins.
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October 23, 2012, 06:08:47 PM
 #27

But who wants to buy pesos?

That's just what is was wondering about.
It would make more sense to buy commodities and whatnot.
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October 23, 2012, 06:14:55 PM
 #28

But who wants to buy pesos?
If everyone is only wanting to sell, then it can't work.
On the other hand, they can sell physical good for Bitcoins.

Tourists can exchange their foreign currency, including BTC, for pesos on the blue market (black market/real market).

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DublinBrian
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October 23, 2012, 07:00:15 PM
 #29

Tourists can exchange their foreign currency, including BTC, for pesos on the blue market (black market/real market).
Thats right. In fact, a tourist visiting Argentina would have 25% more spending money, if they bring their spending money in the form of bitcoins, and not electronic cards.

I will try to post this information on travel forums, which should promote bitcoin adoption.
Spekulatius
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October 23, 2012, 07:20:22 PM
 #30

But who wants to buy pesos?

Black market currency exchanger. If you can turn around your holdings fast enough, even Rials become an option. The ARS' inflation rate is not too bad if you operate on a daily basis though.
joecooin
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October 24, 2012, 02:04:14 AM
 #31

They've recently nationalized the oil companies, it's sad to see them go down this route.

They've recently re-socialised their wealth, it's great to see them going up this route Smiley.

Joe


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October 24, 2012, 02:36:20 AM
 #32

Tourists can exchange their foreign currency, including BTC, for pesos on the blue market (black market/real market).
Thats right. In fact, a tourist visiting Argentina would have 25% more spending money, if they bring their spending money in the form of bitcoins, and not electronic cards.

I will try to post this information on travel forums, which should promote bitcoin adoption.

Oh please feckin' do, will ya!?

 Let us know the results or let us know where you started a discussion so we can join in!

Joe




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October 24, 2012, 03:55:58 AM
 #33

....

Argentina is on the fast track of becoming the new Venezuela. It is a shame what they have done with that country.

That is why you don't know Brazil... There is nothing worse than this %$#%$#%#$...
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