Bitcoin Forum
November 19, 2017, 02:13:09 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 3 »  All
  Print  
Author Topic: How to tell Iran customers to get Bitcoin to pay the bill?  (Read 3885 times)
HorseRider
Donator
Legendary
*
Offline Offline

Activity: 1369


View Profile
February 04, 2013, 02:07:50 PM
 #1

I don't know where to post this question, and may be the Discussion is the best place for it.

The news has spread the rumors that the Iran people are trying to buy food and other goods by paying Bitcoin, since the U.S. embargoed Iran and frozen the bank account and wiring methods of Iran. I have a friend are doing regular business with Iran customers, and the Iran customers have to wire their money to Dubai first and then wire it to China. The fee is very expensive and my friend has to wait the money for a long time. My friend want to persuade the Iran customers to pay with Bitcoin. Then here is the question:

How Iran people can get some bitcoin if he cannot mine it?


16SvwJtQET7mkHZFFbJpgPaDA1Pxtmbm5P
1511057589
Hero Member
*
Offline Offline

Posts: 1511057589

View Profile Personal Message (Offline)

Ignore
1511057589
Reply with quote  #2

1511057589
Report to moderator
1511057589
Hero Member
*
Offline Offline

Posts: 1511057589

View Profile Personal Message (Offline)

Ignore
1511057589
Reply with quote  #2

1511057589
Report to moderator
1511057589
Hero Member
*
Offline Offline

Posts: 1511057589

View Profile Personal Message (Offline)

Ignore
1511057589
Reply with quote  #2

1511057589
Report to moderator
A blockchain platform for effective freelancing
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1511057589
Hero Member
*
Offline Offline

Posts: 1511057589

View Profile Personal Message (Offline)

Ignore
1511057589
Reply with quote  #2

1511057589
Report to moderator
Akka
Legendary
*
Offline Offline

Activity: 1162



View Profile
February 04, 2013, 02:15:49 PM
 #2

That's indeed a interesting question. I can't think of a solution, that wouldn't make this even more complicated.

I'm interested to see some proposals.


Oh, maybe ripple could be a possibility?

All previous versions of currency will no longer be supported as of this update
Vladimir
Hero Member
*****
Offline Offline

Activity: 812


-


View Profile
February 04, 2013, 02:24:00 PM
 #3

Q: Who in his right mind would sell a nontrivial amount of Bitcoin for Iranian currency.
A: No one.

Sorry, but tough titty. Maybe it is not that hopeless if they have something of value like gold, oil etc and can actually deliver it. Even then all those embargoes do not help much. It sucks to be on the receiving end of modern "cold warfare" AKA "currency wars".

Nevertheless, let's assume they can set up some kind of local exchange trading bitcoins for whatever of value they may have at whatever the market sez it worth. Here you go, they have breached the blockade at least to some degree and Bitcoin immediately classified by some as "enemy of the state" and "treasonous financial instrument", lol,  and by some as a "strategic resource".






-
giszmo
Legendary
*
Offline Offline

Activity: 1568


¡ɥɔʇɐʍ ʇsnɾ &#7


View Profile WWW
February 04, 2013, 02:34:19 PM
 #4

We have discussed this issue before and yes, sure, it is an issue. If there are 0Ƀ in Iran, you will not bootstrap a 10Ƀ economy there but if people can use bitcoins in Iran, they will find ways to get them in.

There are many Iranians that receive support from their families abroad and bitcoin is the cheapest way not only to pay you while in Iran but also to send value to somebody in Iran from the US for example.

It's a hen-egg problem. Right now very few people see value in Bitcoin in Iran, so they ask their relatives to send USD via Dubai or whatever at a 40% loss. If they find out they can sell bitcoins in Iran for 10% commission, they will change their mind, so please offer stuff to Iranians (if you know you can deliver) and let people know. Money will find it's way.

sethsethseth
Sr. Member
****
Offline Offline

Activity: 256


Not trusting third parties with my private keys


View Profile
February 04, 2013, 03:21:04 PM
 #5

It's impossible for the currency to take off when you can't exchange it easily.  The are very few ways to get it into the country.  Foreign nationals living in Iran can trade bitcoins to people for their expenses, or Iranians can sell digital goods and services for bitcoin, as artist Mohammad Rafigh is doing.  It's the same deal with Argentina.

SealsWithClubs poker room has  over 400 players online. Buy in from .01 to 60btc.      BTCSportsMatch lets you bet sports with vig free lines!  Best kept secret in bitcoin....          LocalBitcoins.com is very user-friendly now for bank transfers.  You don't have to live close to trade when in the same currency area.           
Electrum client is awesome. Try it. And please stop sending bitcoins to sites run by security newbies, or don't complain when you lose everything.
justusranvier
Legendary
*
Offline Offline

Activity: 1400



View Profile WWW
February 04, 2013, 03:33:22 PM
 #6

Remittances are how you bootstrap bitcoin in a place like Iran. Iranians can have their relatives who live abroad send them bitcoins and those bitcoins can be traded internally to the people who want to use them to pay for imports.
ArticMine
Legendary
*
Online Online

Activity: 2072


Monero Core Team


View Profile
February 04, 2013, 06:04:41 PM
 #7

Q: Who in his right mind would sell a nontrivial amount of Bitcoin for Iranian currency.
...

A: A person visiting Iran  and / or wishing to purchase goods in Iran for export in order to obtain Iranian rials at a significant discount on the un-official or black market. It is the same phenomenon that is happening in Argentina with the "blue rate" and happens everywhere where there is a falling currency and strict exchange controls. There is an official rate and an un-official or black market rate with the latter being a lot more favorable to a visitor or for someone wishing to purchase goods in Iran for export.

Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
fredi173
Jr. Member
*
Offline Offline

Activity: 52


View Profile
February 04, 2013, 06:31:27 PM
 #8

https://localbitcoins.com/country/IR
fredi173
Jr. Member
*
Offline Offline

Activity: 52


View Profile
February 04, 2013, 06:36:59 PM
 #9

You can sell bitcoins to them and cash it in Dubai...
Puppet
Legendary
*
Offline Offline

Activity: 966


View Profile
February 04, 2013, 06:43:06 PM
 #10

Q: Who in his right mind would sell a nontrivial amount of Bitcoin for Iranian currency.
A: No one.

While true, it doesnt refute the point. Iranians want out of the Rial too. They already try to hoard or acquire dollars as they are in high demand there.  Bitcoin could (and to a tiny extend, does) provide the same purpose. To get bitcoins, its the same problem as to get dollars, they need to sell goods and services for bitcoin. Iran is not a third world country (yet), it has a fairly sizable economy.

Quote
Nevertheless, let's assume they can set up some kind of local exchange trading bitcoins for whatever of value they may have at whatever the market sez it worth. Here you go, they have breached the blockade at least to some degree and Bitcoin immediately classified by some as "enemy of the state" and "treasonous financial instrument", lol,  and by some as a "strategic resource".

Thats more than a stretch. AFAIK, its not illegal to do business with Iranians, its only that Iranian banks have been cut off the Swift network, making it very hard to do so in reality. I think we all know of a viable alternative to that, dont we?





fredi173
Jr. Member
*
Offline Offline

Activity: 52


View Profile
February 04, 2013, 07:00:59 PM
 #11

They can buy bitcoins from Dubai
https://localbitcoins.com/country/AE
giszmo
Legendary
*
Offline Offline

Activity: 1568


¡ɥɔʇɐʍ ʇsnɾ &#7


View Profile WWW
February 04, 2013, 07:31:49 PM
 #12

How would a switch to bitcoin look like?

Version 1 (unlikely): The government hoards a million Bitcoins and then publicly announces to give 0.01 micro BTC (or so) for every IRR which would look like a big scam:
Currently:
20,000IRR = 1USD = 0.05BTC
1IRR = 2.5uBTC
but they also announce to sell their oil for bitcoin which would get the exchange rate to x250 instantly.
Other powers (USA) would bomb Iran back to the stone age because they find clear evidence of WMD.
Bitcoin wins.

Version 2 (likely): Under the radar remittance payments provide an increasing in-flow of bitcoins and a local market like localbitcoins evolves to arbitrate between those needing store of value and those needing legal tender.

RodeoX
Legendary
*
Offline Offline

Activity: 2450


The revolution will be monetized!


View Profile
February 04, 2013, 07:42:47 PM
 #13

Iran evades sanctions by trading oil for gold in Turkey then smuggling it to places like Dubai. No one wants Iranian Rial, but if they could pay in gold then I'm sure they could find someone to sell them bitcoins.

The gospel according to Satoshi - https://bitcoin.org/bitcoin.pdf

Free bitcoin in ICELAND - https://bitcointalk.org/index.php?topic=1610684
benjamindees
Legendary
*
Offline Offline

Activity: 1330


View Profile
February 04, 2013, 09:35:53 PM
 #14

Sell oil for Bitcoins

Civil Liberty Through Complex Mathematics
Killdozer
Full Member
***
Offline Offline

Activity: 204



View Profile
February 05, 2013, 12:51:10 AM
 #15

Is it possible to send things out of Iran? Or are even letters/packages very tightly controlled?
Surely there must be some products (even if just souvenirs) in country with such rich history that would sell without problems on the Internet? (for bitcoins)?

notig
Sr. Member
****
Offline Offline

Activity: 294


View Profile
February 05, 2013, 02:50:39 AM
 #16

I suppose there are currently 3 ways bitcoins can go to Iran.

1. Family in a different country wants to support their Iran relatives... so they might send them bitcoins
2. Someone in iran sees a market for bitcoins and gets them in somehow and starts selling them locally on localbitcoins
3. relatives who received bitcoins from family outside country trades them to someone else for something else


right?
Timep34
Jr. Member
*
Offline Offline

Activity: 40


View Profile
February 05, 2013, 03:48:25 AM
 #17

Q: Who in his right mind would sell a nontrivial amount of Bitcoin for Iranian currency.
A: No one.

Sorry, but tough titty. Maybe it is not that hopeless if they have something of value like gold, oil etc and can actually deliver it. Even then all those embargoes do not help much. It sucks to be on the receiving end of modern "cold warfare" AKA "currency wars".

Nevertheless, let's assume they can set up some kind of local exchange trading bitcoins for whatever of value they may have at whatever the market sez it worth. Here you go, they have breached the blockade at least to some degree and Bitcoin immediately classified by some as "enemy of the state" and "treasonous financial instrument", lol,  and by some as a "strategic resource".







Iran is already trading with Gold on the national level. (mainly with Turkey I believe)

julz
Legendary
*
Offline Offline

Activity: 1092



View Profile
February 05, 2013, 05:47:59 AM
 #18

Iranians should run VPN services for Bitcoins, so we can all get Iranian IP addresses to run Bitcoin nodes on.
Then the Iranian Bitcoin scene will look much bigger than it is - and some Journalist will hype it.. and then..    I dunno.. we all get thrown in jail or something.

@electricwings   BM-GtyD5exuDJ2kvEbr41XchkC8x9hPxdFd
giszmo
Legendary
*
Offline Offline

Activity: 1568


¡ɥɔʇɐʍ ʇsnɾ &#7


View Profile WWW
February 05, 2013, 09:13:07 AM
 #19

Iranians should run VPN services for Bitcoins, so we can all get Iranian IP addresses to run Bitcoin nodes on.
Then the Iranian Bitcoin scene will look much bigger than it is - and some Journalist will hype it.. and then..    I dunno.. we all get thrown in jail or something.

There are iranian proxies, if you are interested to see how the internet looks from within the embargoed mullah state. Most Iranians surf on external proxies to precisely not see this shit.

sethsethseth
Sr. Member
****
Offline Offline

Activity: 256


Not trusting third parties with my private keys


View Profile
February 05, 2013, 01:29:23 PM
 #20

Iranians should run VPN services for Bitcoins, so we can all get Iranian IP addresses to run Bitcoin nodes on.
Then the Iranian Bitcoin scene will look much bigger than it is - and some Journalist will hype it.. and then..    I dunno.. we all get thrown in jail or something.


I would get an Iranian VPN as long as I could connect to a second vpn through the Iranian one to avoid the censorship.  I would trust the Iranian VPN provider to not hand over my data to the US government more than anyone else.

SealsWithClubs poker room has  over 400 players online. Buy in from .01 to 60btc.      BTCSportsMatch lets you bet sports with vig free lines!  Best kept secret in bitcoin....          LocalBitcoins.com is very user-friendly now for bank transfers.  You don't have to live close to trade when in the same currency area.           
Electrum client is awesome. Try it. And please stop sending bitcoins to sites run by security newbies, or don't complain when you lose everything.
Pages: [1] 2 3 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!