2012-10-20 wallstreet-online.de -Hyperinflation pushes Iranians in Bitcoin - Ger

[Akka]

Original article is in german, everything is Google translated. If something is clearly not understandable, don't hesitate to ask and I will translate is manually:

Hyperinflation pushes Iranians in Bitcoin Investment

Tehran / Hamburg (pte004/20.10.2012/06: 15) - More and more Iranians are investing their money in online currency, as inflation is very high in the country. The Iranian government has websites for online currency exchange, as Mesghal.com or Mazanex.com are prohibited. Some airlines have reduced joining to Tehran due to the unstable Iranian Rial currency. Also, the large transport company Maersk had to stop shipping to all Iranian ports. Bitcoins have been part of the U.S. The Iranians also denied.

Not a good investment

Iranian citizens 20 months has been the use of Bitcoins, when they can convert their real money in digital money and what they may to some extent protects against inflation, prohibited. This embargo was not from Iran, but from the U.S. U.S. WWII SourceForge.net, the host of Bitcoin.

"I think that the citizens while prohibiting the use of Bitcoins, but it can not prevent the long run," said the Hamburg IT security expert Linus Neumann http://linus-neumann.de against pressetext. However, he would advise anyone that you allocate your money in Bitcoin, to begin to protect against inflation. Because the money was subject to strong digital speculation and is a very unsafe investment. "People should invest their money in other areas," said Neumann.

Countries excluded on sanctions list

Bitcoin approved countries that are on the sanctions list of the network, can not access its contents. On this list, Iran can be found. This particular list is related to the transfer and export of certain technology to foreign persons and governments. Some experts suggest to bypass the download using alternative methods, such as virtual private networks.

(End)

They seem to have fully understood how Bitcoin works  

Source (Google translated): http://translate.google.de/translate?sl=auto&tl=en&js=n&prev=_t&hl=de&ie=UTF-8&layout=2&eotf=1&u=http%3A%2F%2Fwww.wallstreet-online.de%2Fnachricht%2F5027101-hyperinflation-treibt-iraner-bitcoin-investment&act=url

Original (German) : http://www.wallstreet-online.de/nachricht/5027101-hyperinflation-treibt-iraner-bitcoin-investment

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[kiba]

How many Iranians are we talking about? 10? 100? 1000?

[Duderin0]

It's not clear to me from that translation if they are advicing on using bitcoin or not.

[yossarian]

The "article" is one of the worst I ever read.

They clearly copied and pasted from some other sources, mixing random facts together and thus creating something that might be considered creative writing, but not news.

The original source can be found here: http://www.pressetext.com/news/20121020004 Let's just hope nobody else tries to sell this thing as news.

[lassdas]

It's not clear to me from that translation if they are advicing on using bitcoin or not.

Actually, they are talking about Bitcoin approving, or disallow countries, like saying "Iran has been denied to use Bitcoin".
As if anyone needs to be approved to use Bitcoin, noone ever allowed me to use it, not that i had to ask anyone.  
 
They didn't quite understand how Bitcoin works, or what it is.

[bitplane]

It's not clear to me from that translation if they are advicing on using bitcoin or not.

Actually, they are talking about Bitcoin approving, or disallow countries, like saying "Iran has been denied to use Bitcoin".
As if anyone needs to be approved to use Bitcoin, noone ever allowed me to use it, not that i had to ask anyone.  
 
They didn't quite understand how Bitcoin works, or what it is.

It's actually SourceForge, they're an American site and respect export restrictions on military-strength encryption. When you set up a new project you have to declare whether it uses export-restricted technologies, if it does then they block access to America's enemies. Iranian IP addresses can't download Bitcoin from Sourceforge.

[lassdas]

I know that it's SourceForge,
but that doesn't mean Iranians are not allowed to use Bitcoin, it only means they can not download the Satoshi-Client from SourceForge.

A little difference the authors didn't really care to think about.

[Akka]

I know that it's SourceForge,
but that doesn't mean Iranians are not allowed to use Bitcoin, it only means they can not download the Satoshi-Client from SourceForge.

A little difference the authors didn't really care to think about.

I think the Authors didn't even bother to inform them self what Bitcoins is.

[kjlimo]

It's not clear to me from that translation if they are advicing on using bitcoin or not.

Agreed.  Google's broken English is a little tough to decipher.

Either way, it sounds exciting!

[FreeMoney]

Lol, a couple of people/entities don't offer the code so they pretend like they've been sanctioned. Boo hoo. Some mother fucker actually wrote that code himself and if you look around someone will give it to you for free.