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Topic: ARGENTINA COULD BE THE 1ST COUNTRY USING BITCOIN AS OFFICIAL CURRENCY (Read 7147 times)

full member
Activity: 140
Merit: 100
To completely replace a fiat?  Shocked Shocked Shocked  Still a long way to go. But BTC will surely prevail.

Maybe desperate attempt to do in Argentina, but far from replacement flat.

Still needs more time
member
Activity: 71
Merit: 10
Would love to see that.

me too...and i hope in the near future, bitcoins will be accepted here in my locality...

From where are you sir? Are you from Argentina?
newbie
Activity: 49
Merit: 0
Would love to see that.

me too...and i hope in the near future, bitcoins will be accepted here in my locality...
hero member
Activity: 728
Merit: 500
Would love to see that.
donator
Activity: 714
Merit: 510
Preaching the gospel of Satoshi
As official currency, forget it. That will never happen.
De facto usage by the people, that is also not as straightforward and seamless as you would imagine, although adoption is growing.

Official adoption might happen in smaller nations, or islands such as Dominica.
sr. member
Activity: 266
Merit: 250
Their government would never do this, a large percentage of their people might though.

Related: Bitcoin in Argentina
Many will see it as an opportunity, but we all know governments and banks will always discourage its use until they find a way to benefit themselves.
Governments discourage a lot of things, pot smoking, prostitution, culture sharing (slandered by governments as "piracy"). Free-thinking people generally don't give a damn.

Any law prohibiting individuals from dealing in cryptocurrency is fundamentally an unenforceable joke.

Please, governments of the world, give us more reasons to laugh at you. We hardly need them, but they sure are fun.

Definitely
member
Activity: 112
Merit: 10
is there any update about this news?
member
Activity: 112
Merit: 10
☯YIN YANG KING☯
Well, I never heard about that. They shouldve wore BTC when they played FIBA.
full member
Activity: 135
Merit: 100
A.K.A The Black Marvel
Well, maybe another 50 years I think. Smiley
legendary
Activity: 1199
Merit: 1047
Whats the current currency of Argentina?

Argentinian peso, which has gigantic inflation. 
That is crazy. I think this level of inflation will likely give the people of argentina incentives to use bitcoin more then they do not, however the Argentina government will likely not adopt bitcoin as an official currency as it would mean they would lose control over the currency base.

Of course the government won't give up control on their currency. But citizens look for other options, even if they aren't legal, to protect from inflation. And bitcoin is a really good one, so I expect bitcoin to grow specially in countries with high inflation, like Argentina or Venezuela.
fa
full member
Activity: 140
Merit: 100
To completely replace a fiat?  Shocked Shocked Shocked  Still a long way to go. But BTC will surely prevail.
sr. member
Activity: 374
Merit: 250
No. Bitcoin has way to much vortality to be used in Argentina. You think 20 % inflation is worse? Try 90 % over the last months. And now it doesn't matter that it went up there before because most people can't sit on their money until "its up" again. $ is king in Argentinia.
Bitcoin is more stable then Argentina's peso. It is also not subject to the control of argentina's government which has a history of not making good on it's promises to repay creditors.
newbie
Activity: 56
Merit: 0
No. Bitcoin has way to much vortality to be used in Argentina. You think 20 % inflation is worse? Try 90 % over the last months. And now it doesn't matter that it went up there before because most people can't sit on their money until "its up" again. $ is king in Argentinia.
newbie
Activity: 3
Merit: 0
They should at least have another go at the Islas Malvinas aka Falkland Islands
hero member
Activity: 868
Merit: 1001
https://keybase.io/masterp FREE Escrow Service
Whats the current currency of Argentina?

Argentinian peso, which has gigantic inflation. 
That is crazy. I think this level of inflation will likely give the people of argentina incentives to use bitcoin more then they do not, however the Argentina government will likely not adopt bitcoin as an official currency as it would mean they would lose control over the currency base.
legendary
Activity: 1199
Merit: 1047
Whats the current currency of Argentina?

Argentinian peso, which has gigantic inflation. 
member
Activity: 109
Merit: 10
Whats the current currency of Argentina?
newbie
Activity: 56
Merit: 0
This tthread title is missleading. THere is nothing that aims towards this.
legendary
Activity: 1199
Merit: 1047
Argentina's economy is the fastest-growing in South America so i'm not surprised they decided to say YES to Bitcoin.

More than Chile? No way. http://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG

Uruguay is also growing more.
newbie
Activity: 56
Merit: 0
Argentina's economy is the fastest-growing in South America so i'm not surprised they decided to say YES to Bitcoin.
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