FinShaggy (OP)
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September 17, 2013, 04:28:33 PM |
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They have the biggest Facebook group about Bitcoin, but it is in Spanish... And I was trying to find out how much Bitcoins were in MXN Pesos, but I just put "peso" and the first thing that comes up on Google is a bunch of stuff for Argentina.
I think they were the ones that were going to have the Bitcoin town (or was it Nicaragua? ) but, is that the reason? Or is it just really flourishing there?
And is there a reason? Or is it just random?
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If everyone is thinking outside the box, there is a new box.
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FinShaggy (OP)
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September 17, 2013, 04:53:55 PM |
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Wow. I didn't think Bitcoin would prove to be too useful outside of the whiter cultures (for a while at least), I'm glad other people picked it up as a means of fighting poverty.
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If everyone is thinking outside the box, there is a new box.
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EuSouBitcoin
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September 17, 2013, 04:56:08 PM |
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Where is the the most volume in BTC/ARS traded? Are there any online exchanges that trade this pair?
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You can't win if you don't play. But you can't play if you lose all your chips. First I found bitcoin (BTC). Then I found something better, Monero (XMR). See GetMonero.org
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FinShaggy (OP)
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September 17, 2013, 05:33:28 PM |
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If everyone is thinking outside the box, there is a new box.
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MAbtc
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September 17, 2013, 06:43:07 PM |
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Not easy to acquire coins, as far as I've heard, either.
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FinShaggy (OP)
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September 17, 2013, 07:03:18 PM |
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Not easy to acquire coins, as far as I've heard, either.
That's true anywhere. Turning cash into coins is a problem, unless you know someone who will sell the coins to you personally.
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If everyone is thinking outside the box, there is a new box.
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MAbtc
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September 17, 2013, 08:54:45 PM |
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Not easy to acquire coins, as far as I've heard, either.
That's true anywhere. Turning cash into coins is a problem, unless you know someone who will sell the coins to you personally. Moreso a problem, though, when you look at peso/btc market vs. usd/btc market. Then figure what it means for Argentinians to have to get peso to usd to btc.....
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Pumpkin
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September 17, 2013, 09:27:17 PM |
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The local currency in Argentina is losing value quickly. People only trust the USD. That makes it much easier to talk with people about bitcoin, because they already distrust their currency.
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Spendulus
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September 17, 2013, 10:23:03 PM |
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The local currency in Argentina is losing value quickly. People only trust the USD. That makes it much easier to talk with people about bitcoin, because they already distrust their currency.
The history of economic problems in Argentina goes back a solid two generations now. It is pretty bad. Thus black markets thrive of necessity. Bitcoin could be a part of what solves their problems, in that the people could take affairs of finance into their own hands, rendering the government's actions ineffective. It is control over money and finance that is at the root of the power of a government. Bitcoin is not a threat to those in power in the sense that if it makes inroads, some opponent will topple those in power. Rather it is a step in making the nation state totally irrelevant.
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FinShaggy (OP)
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September 17, 2013, 10:29:57 PM |
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Not easy to acquire coins, as far as I've heard, either.
That's true anywhere. Turning cash into coins is a problem, unless you know someone who will sell the coins to you personally. Moreso a problem, though, when you look at peso/btc market vs. usd/btc market. Then figure what it means for Argentinians to have to get peso to usd to btc..... Oh damn. Not cool.
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If everyone is thinking outside the box, there is a new box.
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FinShaggy (OP)
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September 17, 2013, 10:30:23 PM |
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The local currency in Argentina is losing value quickly. People only trust the USD. That makes it much easier to talk with people about bitcoin, because they already distrust their currency.
Lol, that totally makes sense though.
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If everyone is thinking outside the box, there is a new box.
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fran2k
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September 18, 2013, 06:22:23 AM |
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Where is the the most volume in BTC/ARS traded? Are there any online exchanges that trade this pair?
There is easy to trade bitcoins, lot of people buying/selling in small volume (1-10 BTC), for bigger transactions may not be so easy. There is no exchange yet, there are at least two companies as I know trying to create one but they are waiting for some official response to register. And bringing money into the country is also a problem. If you want to buy dollars/euro/etc, the easy way is going to the black market and there's a huge different in prices between the oficial dollar (dólar oficial) and the other one (dólar blue), about 50% more. So, if you receive and international wire transfer in dollars the banks will turn it into ARS at the official rate, no way you can get the dollars into hand. And there is very hard to get permit to buy some bucks at official rate. In posted some links in this topic.
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countryfree
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September 20, 2013, 06:04:03 PM |
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There's a logic here. BTC will grow faster in countries where people distrust the official currency, and are looking for something else. BTC has been very stable so far compared to what Argentinians are used to. It will be all black market, but it's about the only thing that works in Argentina. Then exchanges should not as much as a problem as in other countries, because people will prefer BTC to fiat.
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I used to be a citizen and a taxpayer. Those days are long gone.
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Rassah
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September 20, 2013, 07:08:50 PM |
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So, is the lesson here that Argentina should be a place we go for vacation, and we should being as many bitcoins as we can, and buy as much as we can with bitcoins while there, even if it means selling coins to locals for pesos, and uses those to buy food and lodging?
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