The Argentinian monetary disaster will be good for the people as they will become more aware of Bitcoin and what it means.
So I feel Bitcoin will gain popularity fast.
That the Argentinian government would adopt Bitcoin? ... Never
They are "Regulators". They will never surrender any of their power (specially economic) to anybody or anything.
So if their Peso gets so devaluated and it becomes worthless, they could probably adopt another strong Fiat currency like US Dollar or Euro.
Or keep on fooling their people by issuing an "electronic currency" of their own like Ecuador's president is trying to do.
Regards,
Topic: ARGENTINA COULD BE THE 1ST COUNTRY USING BITCOIN AS OFFICIAL CURRENCY - page 3. (Read 7111 times)
August 07, 2014, 01:15:35 PM
August 07, 2014, 10:15:15 AM
why dont they use the US dollar first right?
since adopting US dollar is easier just like in the zimbabwe
but if they really use bitcoin as their country currency, i can foresee bitcoin price shoot pass 10,000 dollar each
since adopting US dollar is easier just like in the zimbabwe
but if they really use bitcoin as their country currency, i can foresee bitcoin price shoot pass 10,000 dollar each
It is quite possible that some people in Argentina are stashing up with Bitcoins and now are trying to encourage someone in their government to make it official there because they are aware of fact that they can earn lot of fiat and they are trying to exploit situation there.
August 07, 2014, 10:00:58 AM
why dont they use the US dollar first right?
since adopting US dollar is easier just like in the zimbabwe
but if they really use bitcoin as their country currency, i can foresee bitcoin price shoot pass 10,000 dollar each
since adopting US dollar is easier just like in the zimbabwe
but if they really use bitcoin as their country currency, i can foresee bitcoin price shoot pass 10,000 dollar each
August 07, 2014, 09:48:32 AM
I heard Andreas Anotonopoulos talk about Argentina and how close they are to their 3rd fiat crash. I really hope they could give bitcoins a try at least. But it's sort of farfetched for now, imagine the elderly etc, they won't have any idea what they are doing.
It will be great if Argentina give chance to Bitcoin.
In their current financial situation, they have nothing to loose and a lot to gain.
But, I don't think they are ready for this step.
I think it's a good time for them to try, as they are facing big financial problems. This could help them
August 07, 2014, 09:42:41 AM
I heard Andreas Anotonopoulos talk about Argentina and how close they are to their 3rd fiat crash. I really hope they could give bitcoins a try at least. But it's sort of farfetched for now, imagine the elderly etc, they won't have any idea what they are doing.
It will be great if Argentina give chance to Bitcoin.
In their current financial situation, they have nothing to loose and a lot to gain.
But, I don't think they are ready for this step.
August 07, 2014, 07:17:02 AM
I heard Andreas Anotonopoulos talk about Argentina and how close they are to their 3rd fiat crash. I really hope they could give bitcoins a try at least. But it's sort of farfetched for now, imagine the elderly etc, they won't have any idea what they are doing.
August 07, 2014, 06:53:53 AM
Of course it would be great...but cant believe in it...too awesome to be the truth
agree with you August 07, 2014, 05:34:07 AM
Of course it would be great...but cant believe in it...too awesome to be the truth
August 07, 2014, 05:25:29 AM
Ecuador has decided a state-backed digital currency might help it to avoid a financial crisis.
http://www.theregister.co.uk/2014/08/07/ecuador_follows_bitcoin_ban_with_digicurrency_proposal/
http://www.theregister.co.uk/2014/08/07/ecuador_follows_bitcoin_ban_with_digicurrency_proposal/
August 06, 2014, 09:57:42 PM
That would be awesome, but im afraid its too good to be true. But, if they have heads on their shoulders, they would at least look at it..
August 06, 2014, 09:53:14 PM
If Argentina ever make Bitcoin official that would be great propaganda and it will ensure that Bitcoin keeps living and raising in its price!
August 06, 2014, 09:20:32 PM
You could have physical bitcoins/ satoshis circulated. This would solve the problem of access/ training.
Where would they come from? Argentina can't produce Bitcoins, physical or otherwise, out of thin air to circulate.
Argentina would have to buy them.
You will have to do the same things that you do when you dollarize an economy.
Buy them with what? Sell half their assets? 90% of the population probably has no extra assets they can sell. They rely on salaries which cannot be paid because they have to be paid in non-existent Bitcoin.
You can borrow dollars. You can't borrow Bitcoins. Get real.
August 06, 2014, 09:17:13 PM
You can borrow dollars. You can't borrow Bitcoins. Get real.
If you can borrow dollars, you definitely can convert them to bitcoins.
You win. Let's see you convince them of this.
August 06, 2014, 09:07:46 PM
You can borrow dollars. You can't borrow Bitcoins. Get real.
If you can borrow dollars, you definitely can convert them to bitcoins.
August 06, 2014, 11:54:25 AM
You could have physical bitcoins/ satoshis circulated. This would solve the problem of access/ training.
Where would they come from? Argentina can't produce Bitcoins, physical or otherwise, out of thin air to circulate.
Argentina would have to buy them.
You will have to do the same things that you do when you dollarize an economy.
Buy them with what? Sell half their assets? 90% of the population probably has no extra assets they can sell. They rely on salaries which cannot be paid because they have to be paid in non-existent Bitcoin.
You can borrow dollars. You can't borrow Bitcoins. Get real.
August 05, 2014, 11:56:55 PM
You could have physical bitcoins/ satoshis circulated. This would solve the problem of access/ training.
Where would they come from? Argentina can't produce Bitcoins, physical or otherwise, out of thin air to circulate.
Argentina would have to buy them.
You will have to do the same things that you do when you dollarize an economy.
They wouldn't peg to bitcoin… too much volatility.
August 05, 2014, 09:52:20 PM
Seems very radical.
Everyone in Argentina would need access to it,
not be scared to death of it,
many would need training in it,
there would need to be special groups set up to help counteract the influx of scammers and con artists.
Would a country need it's people on side to change it's currency, or is it just a government decision?
Everyone in Argentina would need access to it,
not be scared to death of it,
many would need training in it,
there would need to be special groups set up to help counteract the influx of scammers and con artists.
Would a country need it's people on side to change it's currency, or is it just a government decision?
You could have physical bitcoins/ satoshis circulated. This would solve the problem of access/ training.
August 05, 2014, 09:23:01 PM
You could have physical bitcoins/ satoshis circulated. This would solve the problem of access/ training.
Where would they come from? Argentina can't produce Bitcoins, physical or otherwise, out of thin air to circulate.
Argentina would have to buy them.
You will have to do the same things that you do when you dollarize an economy.
August 05, 2014, 04:53:59 PM
This is a fantasy. Bitcoin is a deflationary currency. Argentina tried a relatively stable currency and got hammered as its neighbors allowed their currencies to depreciate. Maybe the people of Argentina will see bitcoin as electronic gold and hold some in hopes of using it as a store of value, but offical adoption is not going to happen, unless maybe you have an inside track to be the next dictator of Argentina.
August 05, 2014, 03:12:02 PM
You could have physical bitcoins/ satoshis circulated. This would solve the problem of access/ training.
Where would they come from? Argentina can't produce Bitcoins, physical or otherwise, out of thin air to circulate.
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