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Author Topic: Egypt: yet another country where Bitcoin is now a necessity  (Read 3155 times)
n8rwJeTt8TrrLKPa55eU
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December 25, 2012, 08:34:52 PM
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Let's all give a round of applause to the Egyptian government for this Christmas Day gift!  Watch research and adoption of Bitcoin spiking in Egypt over the coming months.

CAIRO - Egypt has banned travellers from carrying more than US$10,000 in foreign currency cash in or out of the country, as officials worry over pressure on its pound currency and a rush by Egyptians to withdraw their savings from banks.
http://www.asiaone.com/News/Latest%2BNews/World/Story/A1Story20121225-391599.html

"Apparently, so I am told, there exist "people" who prefer to wipe sitting down. From the front. Initial research indicates it could be up to half the population." -- benjamindees
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December 25, 2012, 08:52:56 PM
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wow eff the state, seriously.

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I think that's where group signatures comes in.  With group signatures, it is possible for something to be signed but not know who signed it. satoshi
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December 25, 2012, 09:01:38 PM
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Remember in many countries you have to declare ca$h >10k to Customs, even when carrying it legally. Internal civil asset forfeitures by the State without evidence of any crime aren't out of the ordinary either in the USA or in the EUSSR.

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Third Way
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December 26, 2012, 12:39:21 AM
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blease resbond -> 1BYJKxpntNn6TZbM5M5CWkEb8vr8vDcBrr
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December 26, 2012, 01:34:02 AM
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^ embiggened version: http://i223.photobucket.com/albums/dd86/THEREALCRUNK/egyptiandemocracy.png
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January 04, 2013, 04:43:15 AM
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Funny little comic, but it's not as funny as the reference in your use of the cromulent word "embiggened"

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January 08, 2013, 12:45:05 AM
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embiggered?

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January 08, 2013, 12:59:04 AM
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embiggered?

as in, "A noble spirit embiggens even the smallest man"

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allthingsluxury
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January 08, 2013, 05:00:44 PM
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Bitcoin can greatly benefit individuals in all nations.

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January 13, 2013, 08:13:47 PM
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We should do flash advertising to such countries concentrated on a few days... sad to say I have little money.

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January 14, 2013, 03:00:29 AM
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I wish there was to tell how much activity a country has to contribut in a % with bitcoin.

Say for shits and giggles 10% of bitcoin users or activity comes from canada or whatever. Something to base it off to see if Egyptians truly do start to flock twoards bitcoin. But I guess alot of it has to do with how well butcoin is known there right now. You would think that with the arab spring propelled by social media that they would already be well acclamated with it. Or maybe they are already.


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