Topic: 2013-03-15 - dailyreckoning.com - Markets Not Meddlers (Read 729 times)
Key question is what do they export? Cause I doubt many here want pesos!
Been hearing a lot about Argentina lately. They could really be a driver: 41-42 million people, with what looks like a big chunk of them old enough to have some accumulated wealth but not too old to deal with tech.
Is there a way to measure how many full clients there are, how many miners, how many wallet app installs, exchange usage...?
Metrics!
Is there a way to measure how many full clients there are, how many miners, how many wallet app installs, exchange usage...?
Metrics!
http://www.dailyreckoning.com.au/markets-not-meddlers/2013/03/15/
Quote
The brecha, or spread, between the government's 5-to-1 rate and the blue market's near-8-to-1 is not insignificant. Those who can deal in dollars, therefore, do. Gresham's Law:
'When a government compulsorily overvalues one type of money and undervalues another, the undervalued money will leave the country or disappear from circulation into hoards, while the overvalued money will flood into circulation.' (Wikipedia)
The phenomenon can also be seen with regards to that fringy cyber currency, bitcoin. A single coin goes for a little under $50. At the official rate, that's about 250 Argentine pesos, give or take a few notes. But the market demands 400 pesos per coin.
'When a government compulsorily overvalues one type of money and undervalues another, the undervalued money will leave the country or disappear from circulation into hoards, while the overvalued money will flood into circulation.' (Wikipedia)
The phenomenon can also be seen with regards to that fringy cyber currency, bitcoin. A single coin goes for a little under $50. At the official rate, that's about 250 Argentine pesos, give or take a few notes. But the market demands 400 pesos per coin.
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