Pages:
Author

Topic: Argentina defaults - page 2. (Read 1940 times)

legendary
Activity: 2940
Merit: 1865
July 30, 2014, 11:12:49 PM
#4
...

Argentina has always been a place that fleeces foreigners, and for the past 100 years it has fleeced it own citizens.  100 years ago Argentina was about as rich (GDP / capita) as the USA or France...

An above poster is right about tough exchange controls.  A dollar brings (numbers approximate) some 13 pesos vs. the official rate of about eight.  Think about that, Americans.  Bring enough US dollars with you, change them right (quietly), and you pay for your trip.  Cheap great steaks and wine too.

A BTC guy I know goes Argentina somewhat regularly, including to meet-ups there.  He told me that among the technology-aware that BTC is growing strongly and fetches a HUGE premium vs. here.  Bring that flash drive, your laptop or your mobile phone w/ BTC...!  And Happy Trails!

 Cool
legendary
Activity: 4466
Merit: 3391
July 30, 2014, 07:34:19 PM
#3
In breaking news, a US hedge fund has refused a deal with the Argentina Government thereby forcing them into a debt default. Consequences are that a handful of businessmen are forcing  several million people into a deeper recession.

I smell a chance for BTC to push ahead in a similar manner as to Cyprus.

http://www.news.com.au/finance/markets/argentina-in-selective-default-as-talks-fail-to-reach-a-resolution/story-e6frfm30-1227008204606

As if Argentina had nothing to do with it.
legendary
Activity: 4228
Merit: 1313
July 30, 2014, 07:33:50 PM
#2
In breaking news, a US hedge fund has refused a deal with the Argentina Government thereby forcing them into a debt default. Consequences are that a handful of businessmen are forcing  several million people into a deeper recession.

I smell a chance for BTC to push ahead in a similar manner as to Cyprus.

http://www.news.com.au/finance/markets/argentina-in-selective-default-as-talks-fail-to-reach-a-resolution/story-e6frfm30-1227008204606

A handful of authoritarian politicians in Argentina are forcing several million people into a deeper recession.

FTFY.  :-)

Hopefully it helps bitcoin, but there is a thread somewhere on here talking about the difficulty getting bitcoins in Argentina.
hero member
Activity: 810
Merit: 1000
July 30, 2014, 06:22:53 PM
#1
In breaking news, a US hedge fund has refused a deal with the Argentina Government thereby forcing them into a debt default. Consequences are that a handful of businessmen are forcing  several million people into a deeper recession.

I smell a chance for BTC to push ahead in a similar manner as to Cyprus.

http://www.news.com.au/finance/markets/argentina-in-selective-default-as-talks-fail-to-reach-a-resolution/story-e6frfm30-1227008204606
Pages:
Jump to: