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Topic: Bitcoin set to take on Argentina's peso, new exchange launches in Latin America (Read 832 times)

legendary
Activity: 3766
Merit: 1217
It is kind of a no brainer for them. I hope it really takes off there and allows them to accumulate real wealth.

It is a no-brainer, but it will face a lot of opposition from the federal government, as any such mass adoption of Bitcoin will further push down the value of the Argentine Peso.
sr. member
Activity: 406
Merit: 250
The Argentine Peso is not even a serious rival for Bitcoin. Just compare the two currencies.

Here is the Argentine Peso, vs the US Dollar:



And here is Bitcoin, vs US Dollar:



It is kind of a no brainer for them. I hope it really takes off there and allows them to accumulate real wealth.
sr. member
Activity: 462
Merit: 250
Fantastic initiative, hope it takes off in a sensible way
Buenos Aires already largest btc acceptor per capita globally
This might just be what it takes to trigger mass adoption
legendary
Activity: 3766
Merit: 1217
The Argentine Peso is not even a serious rival for Bitcoin. Just compare the two currencies.

Here is the Argentine Peso, vs the US Dollar:



And here is Bitcoin, vs US Dollar:

newbie
Activity: 32
Merit: 0
sr. member
Activity: 406
Merit: 250
Will Argentina be the first country to use bitcoin as "national" currency? I mean, everybody there use bitcoin.

It is all ready pretty popular there. I doubt their government gives up easily. Governments never willingly give up power.
mkc
hero member
Activity: 517
Merit: 501
Will Argentina be the first country to use bitcoin as "national" currency? I mean, everybody there use bitcoin.
sr. member
Activity: 406
Merit: 250
Argentina needs this, but being a centralized service, won't it be super simple to just close them down if Buenos Aires really begins to feel threatened?

There will likely be a few more more coming on line as well. Hopefully it saturates the market so fast there that they won't have time to react before the genie is out of the bottle.
newbie
Activity: 59
Merit: 0
Argentina needs this, but being a centralized service, won't it be super simple to just close them down if Buenos Aires really begins to feel threatened?
sr. member
Activity: 406
Merit: 250
That could be a big deal. Argentina's government is a poster child for currency manipulation. 
sr. member
Activity: 476
Merit: 250
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