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Topic: Argentina Defaults 2nd time in 13 years! (Read 4923 times)

legendary
Activity: 2884
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
August 08, 2014, 04:48:15 AM
#62
I bet you can rent a lot of ass and pussy in Argentina for bitcoins and get favorable treatment.

So your solution is prostitution?    Grin

I wouldn't mind, considering...

Quote

Rocío Guirao Díaz
Model
Rocío Guirao Díaz is an Argentine fashion model from Muse Management. Wikipedia
Born: June 27, 1984 (age 30), Buenos Aires, Argentina

Someone had to do it...

That does seem like it is worth some consideration
Anyways I guess a generation of bitcoiners could support their economy that way lol.

Not sure if it has been pointed out, but Argentina maintains that it has not defaulted since it made its interest payment to the disbursing agent for its bonds.  The agent is simply unable to distribute it because of a US court order.  This is different than last time and I wonder if their international appeal will work.  Given that the Obama Administration supported the official Argentina position, they may allow the Hague Court to rule on this.

Hmm
Argentina: Where a Default Is Not a Default
Blame the ‘vulture funds.’
http://spectator.org/articles/60183/argentina-where-default-not-default

. Around 93 percent those creditors accepted haircuts of roughly 70 percent in exchanges that took place in 2005 and 2010, but a few bought up defaulted bonds for pennies on the dollar, and pursued a longshot: repayment in full through the U.S. courts. In June, Griesa ordered Argentina to reach a settlement with a group of those holdouts who are owed $1.3 billion plus interest. Since that didn’t happen, he’s now blocking payment to most of the remaining bondholders until Argentina does settle. That’s triggered default, and the possibility that the rest of the bondholders will demand accelerated repayment.

The people have given up hope of things ever being different, in Argentina so they need to find a way to start fresh.
https://www.youtube.com/watch?v=BovLkIiNQNY 1 Hour Vid of your statement though

http://www.forbes.com/sites/alejandrochafuen/2014/08/06/argentinas-default-playing-politics-with-u-s-courts-and-wall-street/
legendary
Activity: 1022
Merit: 1000
August 07, 2014, 06:46:08 PM
#61
Not sure if it has been pointed out, but Argentina maintains that it has not defaulted since it made its interest payment to the disbursing agent for its bonds.  The agent is simply unable to distribute it because of a US court order.  This is different than last time and I wonder if their international appeal will work.  Given that the Obama Administration supported the official Argentina position, they may allow the Hague Court to rule on this.
hero member
Activity: 532
Merit: 500
August 07, 2014, 06:30:13 PM
#60
I bet you can rent a lot of ass and pussy in Argentina for bitcoins and get favorable treatment.

So your solution is prostitution?    Grin

I wouldn't mind, considering...

Quote

Rocío Guirao Díaz
Model
Rocío Guirao Díaz is an Argentine fashion model from Muse Management. Wikipedia
Born: June 27, 1984 (age 30), Buenos Aires, Argentina

Someone had to do it...
NSFW lol

She is very pretty, but I don't think most girls in Argentina would be willing to do this.
legendary
Activity: 2114
Merit: 1015
August 07, 2014, 06:18:04 PM
#59
I bet you can rent a lot of ass and pussy in Argentina for bitcoins and get favorable treatment.

So your solution is prostitution?    Grin

I wouldn't mind, considering...

Quote

Rocío Guirao Díaz
Model
Rocío Guirao Díaz is an Argentine fashion model from Muse Management. Wikipedia
Born: June 27, 1984 (age 30), Buenos Aires, Argentina

Someone had to do it...
legendary
Activity: 1372
Merit: 1014
August 07, 2014, 05:37:58 PM
#58
Argentina today, the world tomorrow.

All debt based paper currencies will return to their internal value, that is zero, sooner or later.
legendary
Activity: 2884
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
August 06, 2014, 05:35:45 AM
#57

So your solution is prostitution?    Grin

I've heard of worse proposals and if the country changed its laws to allow for brothels and well filtered for AIDS and that stuff there would be a large market for it lol...

Just like the Ancient Romans ^_^
http://en.wikipedia.org/wiki/Prostitution_in_ancient_Rome

But we can level that down if Argentina built some host clubs that would be good for their economy and legal consensual stuff lol.
http://en.wikipedia.org/wiki/Host_and_hostess_clubs

As always here is the anime precedent Tongue
https://www.youtube.com/watch?v=AyuyJFRVwww

legendary
Activity: 2324
Merit: 1125
August 06, 2014, 04:24:44 AM
#56
So, if given the choice would you keep your money in the Argentina Peso or bitcoins?

I don't think anyone is given that choice.  Unless there are exchanges selling bitcoin for Argentine peso.  If so, links?

Given a choice, people in Argentina will want to be paid preferably in Bitcoin.
They do not need to convert their paycheck in bitcoin, just sell good and services in bitcoins and refuse unneeded pesos (at best the will accept some pesos to pay taxes with them).

Foreigners will find favorable prices if they pay in bitcoins or any other half decent foreign currency.

I bet you can rent a lot of ass and pussy in Argentina for bitcoins and get favorable treatment.

So your solution is prostitution?    Grin

With two bankruptcies in 13 years how can it be worse than their current economic endeavors? Wink
I still don't think prostitution is the answer to their problems. Even if they were to resort to this, I would doubt it would solve their problems as prostitution does not even bring in a lot of money.

Well one thing is for sure: I doubt anyone will want to loan to them in the next decade so it's time for them to think of other sources of income.
member
Activity: 109
Merit: 10
August 05, 2014, 10:14:05 PM
#55
So, if given the choice would you keep your money in the Argentina Peso or bitcoins?

I don't think anyone is given that choice.  Unless there are exchanges selling bitcoin for Argentine peso.  If so, links?

Given a choice, people in Argentina will want to be paid preferably in Bitcoin.
They do not need to convert their paycheck in bitcoin, just sell good and services in bitcoins and refuse unneeded pesos (at best the will accept some pesos to pay taxes with them).

Foreigners will find favorable prices if they pay in bitcoins or any other half decent foreign currency.

I bet you can rent a lot of ass and pussy in Argentina for bitcoins and get favorable treatment.

So your solution is prostitution?    Grin

With two bankruptcies in 13 years how can it be worse than their current economic endeavors? Wink
I still don't think prostitution is the answer to their problems. Even if they were to resort to this, I would doubt it would solve their problems as prostitution does not even bring in a lot of money.
sed
hero member
Activity: 532
Merit: 500
August 05, 2014, 10:04:50 PM
#54
I doubt this will affect the btc price at all in the short term.  To the guys who say no country will adopt bitcoin, I think they're wrong too, but I think it's going to be some time before anything like that happens.  Also, when it happens it won't be any big countries, but it may indeed happen for small countries that currently use another country's fiat anyway (like Panama).  Once BTC stabilizes in a few years, small countries may indeed just decide to go officially bitcoin.  What I think would be even more interesting is if a small country decided to publish a fiat "backed" by bitcoin the way that us dollars used to be backed by gold bullion.  In this scenario, the fiat of country X would be exchangeable for a fixed amount of BTC.  Once people realize that BTC is as mathematically scarce as gold is physically scarce, they may just decide to do this.
member
Activity: 78
Merit: 10
August 05, 2014, 09:53:32 PM
#53
For btc: no big deal.
I think this will be a big deal for BTC. It will likely lead to a greater amount of adoption in argentina and other countries that are struggling to pay their debts (and will likely have their local fiat currency devalued).
hero member
Activity: 658
Merit: 500
August 05, 2014, 08:04:41 PM
#52
For btc: no big deal.
legendary
Activity: 2324
Merit: 1125
August 05, 2014, 07:32:48 PM
#51
So, if given the choice would you keep your money in the Argentina Peso or bitcoins?

I don't think anyone is given that choice.  Unless there are exchanges selling bitcoin for Argentine peso.  If so, links?

Given a choice, people in Argentina will want to be paid preferably in Bitcoin.
They do not need to convert their paycheck in bitcoin, just sell good and services in bitcoins and refuse unneeded pesos (at best the will accept some pesos to pay taxes with them).

Foreigners will find favorable prices if they pay in bitcoins or any other half decent foreign currency.

I bet you can rent a lot of ass and pussy in Argentina for bitcoins and get favorable treatment.

So your solution is prostitution?    Grin

With two bankruptcies in 13 years how can it be worse than their current economic endeavors? Wink
hero member
Activity: 784
Merit: 500
August 05, 2014, 07:29:53 PM
#50
So, if given the choice would you keep your money in the Argentina Peso or bitcoins?

I don't think anyone is given that choice.  Unless there are exchanges selling bitcoin for Argentine peso.  If so, links?

Given a choice, people in Argentina will want to be paid preferably in Bitcoin.
They do not need to convert their paycheck in bitcoin, just sell good and services in bitcoins and refuse unneeded pesos (at best the will accept some pesos to pay taxes with them).

Foreigners will find favorable prices if they pay in bitcoins or any other half decent foreign currency.

I bet you can rent a lot of ass and pussy in Argentina for bitcoins and get favorable treatment.

So your solution is prostitution?    Grin
sr. member
Activity: 453
Merit: 254
August 05, 2014, 03:30:02 PM
#49
So, if given the choice would you keep your money in the Argentina Peso or bitcoins?

I don't think anyone is given that choice.  Unless there are exchanges selling bitcoin for Argentine peso.  If so, links?

Given a choice, people in Argentina will want to be paid preferably in Bitcoin.
They do not need to convert their paycheck in bitcoin, just sell good and services in bitcoins and refuse unneeded pesos (at best the will accept some pesos to pay taxes with them).

Foreigners will find favorable prices if they pay in bitcoins or any other half decent foreign currency.

I bet you can rent a lot of ass and pussy in Argentina for bitcoins and get favorable treatment.
full member
Activity: 167
Merit: 100
August 05, 2014, 02:38:57 PM
#48
You guys live in a fantasy world. No country will officially adopt crypto currencies as legal tender. Ever. They'd have to shut down all the social programs and fire 90% of the government employees right there if they did that. Which would result in 2/3 of the population with no jobs whatsoever. The only way they can provide some jobs and social safety nets to a lot of people is because they can keep printing fiat. Stop dreaming, get real! Crypto currencies will always be unofficial.

The statement is only true in US.

Elsewhere, like Japan, Korea and Singapore, most people work in the private sector.
sr. member
Activity: 336
Merit: 260
August 05, 2014, 01:11:44 PM
#47
You guys live in a fantasy world. No country will officially adopt crypto currencies as legal tender. Ever. They'd have to shut down all the social programs and fire 90% of the government employees right there if they did that. Which would result in 2/3 of the population with no jobs whatsoever. The only way they can provide some jobs and social safety nets to a lot of people is because they can keep printing fiat. Stop dreaming, get real! Crypto currencies will always be unofficial.
hero member
Activity: 546
Merit: 510
August 05, 2014, 06:22:58 AM
#46
Wow, geez that's a sad thing to hear! Imagine you live there! I know, we're all into Bitcoin. But the regular public still doesn't know that much about it! I really feel sorry for all the people over there.

that is your opinion
full member
Activity: 265
Merit: 100
hero member
Activity: 988
Merit: 1000
August 03, 2014, 05:34:55 PM
#44
It could have come out worse.

The government of Argentina could have continued spending other peoples money without
intent to pay back, for years.

That is what they have a history of doing. They have now defaulted on their debt 3 times in this generation's lifetime. Yet this have the ability to repay their debts as they have large amounts of foreign currency reserves.
sr. member
Activity: 378
Merit: 254
August 03, 2014, 08:47:18 AM
#43
So, if given the choice would you keep your money in the Argentina Peso or bitcoins?

I don't think anyone is given that choice.  Unless there are exchanges selling bitcoin for Argentine peso.  If so, links?
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