Q: Who in his right mind would sell a nontrivial amount of Bitcoin for Iranian currency.
A: No one.
A: No one.
A2: Anybody who was in Iran and needed the Dinars to spend on goods and services there.
Topic: How to tell Iran customers to get Bitcoin to pay the bill? - page 2. (Read 4200 times)
A2: Anybody who was in Iran and needed the Dinars to spend on goods and services there.
Iranians should run VPN services for Bitcoins, so we can all get Iranian IP addresses to run Bitcoin nodes on.
Then the Iranian Bitcoin scene will look much bigger than it is - and some Journalist will hype it.. and then.. I dunno.. we all get thrown in jail or something.
Then the Iranian Bitcoin scene will look much bigger than it is - and some Journalist will hype it.. and then.. I dunno.. we all get thrown in jail or something.
I would get an Iranian VPN as long as I could connect to a second vpn through the Iranian one to avoid the censorship. I would trust the Iranian VPN provider to not hand over my data to the US government more than anyone else.
Iranians should run VPN services for Bitcoins, so we can all get Iranian IP addresses to run Bitcoin nodes on.
Then the Iranian Bitcoin scene will look much bigger than it is - and some Journalist will hype it.. and then.. I dunno.. we all get thrown in jail or something.
Then the Iranian Bitcoin scene will look much bigger than it is - and some Journalist will hype it.. and then.. I dunno.. we all get thrown in jail or something.
There are iranian proxies, if you are interested to see how the internet looks from within the embargoed mullah state. Most Iranians surf on external proxies to precisely not see this shit.
Iranians should run VPN services for Bitcoins, so we can all get Iranian IP addresses to run Bitcoin nodes on.
Then the Iranian Bitcoin scene will look much bigger than it is - and some Journalist will hype it.. and then.. I dunno.. we all get thrown in jail or something.
Then the Iranian Bitcoin scene will look much bigger than it is - and some Journalist will hype it.. and then.. I dunno.. we all get thrown in jail or something.
Q: Who in his right mind would sell a nontrivial amount of Bitcoin for Iranian currency.
A: No one.
Sorry, but tough titty. Maybe it is not that hopeless if they have something of value like gold, oil etc and can actually deliver it. Even then all those embargoes do not help much. It sucks to be on the receiving end of modern "cold warfare" AKA "currency wars".
Nevertheless, let's assume they can set up some kind of local exchange trading bitcoins for whatever of value they may have at whatever the market sez it worth. Here you go, they have breached the blockade at least to some degree and Bitcoin immediately classified by some as "enemy of the state" and "treasonous financial instrument", lol, and by some as a "strategic resource".
A: No one.
Sorry, but tough titty. Maybe it is not that hopeless if they have something of value like gold, oil etc and can actually deliver it. Even then all those embargoes do not help much. It sucks to be on the receiving end of modern "cold warfare" AKA "currency wars".
Nevertheless, let's assume they can set up some kind of local exchange trading bitcoins for whatever of value they may have at whatever the market sez it worth. Here you go, they have breached the blockade at least to some degree and Bitcoin immediately classified by some as "enemy of the state" and "treasonous financial instrument", lol, and by some as a "strategic resource".
Iran is already trading with Gold on the national level. (mainly with Turkey I believe)
I suppose there are currently 3 ways bitcoins can go to Iran.
1. Family in a different country wants to support their Iran relatives... so they might send them bitcoins
2. Someone in iran sees a market for bitcoins and gets them in somehow and starts selling them locally on localbitcoins
3. relatives who received bitcoins from family outside country trades them to someone else for something else
right?
1. Family in a different country wants to support their Iran relatives... so they might send them bitcoins
2. Someone in iran sees a market for bitcoins and gets them in somehow and starts selling them locally on localbitcoins
3. relatives who received bitcoins from family outside country trades them to someone else for something else
right?
Is it possible to send things out of Iran? Or are even letters/packages very tightly controlled?
Surely there must be some products (even if just souvenirs) in country with such rich history that would sell without problems on the Internet? (for bitcoins)?
Surely there must be some products (even if just souvenirs) in country with such rich history that would sell without problems on the Internet? (for bitcoins)?
Iran evades sanctions by trading oil for gold in Turkey then smuggling it to places like Dubai. No one wants Iranian Rial, but if they could pay in gold then I'm sure they could find someone to sell them bitcoins.
How would a switch to bitcoin look like?
Version 1 (unlikely): The government hoards a million Bitcoins and then publicly announces to give 0.01 micro BTC (or so) for every IRR which would look like a big scam:
Currently:
20,000IRR = 1USD = 0.05BTC
1IRR = 2.5uBTC
but they also announce to sell their oil for bitcoin which would get the exchange rate to x250 instantly.
Other powers (USA) would bomb Iran back to the stone age because they find clear evidence of WMD.
Bitcoin wins.
Version 2 (likely): Under the radar remittance payments provide an increasing in-flow of bitcoins and a local market like localbitcoins evolves to arbitrate between those needing store of value and those needing legal tender.
Version 1 (unlikely): The government hoards a million Bitcoins and then publicly announces to give 0.01 micro BTC (or so) for every IRR which would look like a big scam:
Currently:
20,000IRR = 1USD = 0.05BTC
1IRR = 2.5uBTC
but they also announce to sell their oil for bitcoin which would get the exchange rate to x250 instantly.
Other powers (USA) would bomb Iran back to the stone age because they find clear evidence of WMD.
Bitcoin wins.
Version 2 (likely): Under the radar remittance payments provide an increasing in-flow of bitcoins and a local market like localbitcoins evolves to arbitrate between those needing store of value and those needing legal tender.
They can buy bitcoins from Dubai
https://localbitcoins.com/country/AE
https://localbitcoins.com/country/AE
Q: Who in his right mind would sell a nontrivial amount of Bitcoin for Iranian currency.
A: No one.
A: No one.
While true, it doesnt refute the point. Iranians want out of the Rial too. They already try to hoard or acquire dollars as they are in high demand there. Bitcoin could (and to a tiny extend, does) provide the same purpose. To get bitcoins, its the same problem as to get dollars, they need to sell goods and services for bitcoin. Iran is not a third world country (yet), it has a fairly sizable economy.
Quote
Nevertheless, let's assume they can set up some kind of local exchange trading bitcoins for whatever of value they may have at whatever the market sez it worth. Here you go, they have breached the blockade at least to some degree and Bitcoin immediately classified by some as "enemy of the state" and "treasonous financial instrument", lol, and by some as a "strategic resource".
Thats more than a stretch. AFAIK, its not illegal to do business with Iranians, its only that Iranian banks have been cut off the Swift network, making it very hard to do so in reality. I think we all know of a viable alternative to that, dont we?
You can sell bitcoins to them and cash it in Dubai...
Q: Who in his right mind would sell a nontrivial amount of Bitcoin for Iranian currency.
...
...
A: A person visiting Iran and / or wishing to purchase goods in Iran for export in order to obtain Iranian rials at a significant discount on the un-official or black market. It is the same phenomenon that is happening in Argentina with the "blue rate" and happens everywhere where there is a falling currency and strict exchange controls. There is an official rate and an un-official or black market rate with the latter being a lot more favorable to a visitor or for someone wishing to purchase goods in Iran for export.
Remittances are how you bootstrap bitcoin in a place like Iran. Iranians can have their relatives who live abroad send them bitcoins and those bitcoins can be traded internally to the people who want to use them to pay for imports.
It's impossible for the currency to take off when you can't exchange it easily. The are very few ways to get it into the country. Foreign nationals living in Iran can trade bitcoins to people for their expenses, or Iranians can sell digital goods and services for bitcoin, as artist Mohammad Rafigh is doing. It's the same deal with Argentina.
We have discussed this issue before and yes, sure, it is an issue. If there are 0Ƀ in Iran, you will not bootstrap a 10Ƀ economy there but if people can use bitcoins in Iran, they will find ways to get them in.
There are many Iranians that receive support from their families abroad and bitcoin is the cheapest way not only to pay you while in Iran but also to send value to somebody in Iran from the US for example.
It's a hen-egg problem. Right now very few people see value in Bitcoin in Iran, so they ask their relatives to send USD via Dubai or whatever at a 40% loss. If they find out they can sell bitcoins in Iran for 10% commission, they will change their mind, so please offer stuff to Iranians (if you know you can deliver) and let people know. Money will find it's way.
There are many Iranians that receive support from their families abroad and bitcoin is the cheapest way not only to pay you while in Iran but also to send value to somebody in Iran from the US for example.
It's a hen-egg problem. Right now very few people see value in Bitcoin in Iran, so they ask their relatives to send USD via Dubai or whatever at a 40% loss. If they find out they can sell bitcoins in Iran for 10% commission, they will change their mind, so please offer stuff to Iranians (if you know you can deliver) and let people know. Money will find it's way.
Q: Who in his right mind would sell a nontrivial amount of Bitcoin for Iranian currency.
A: No one.
Sorry, but tough titty. Maybe it is not that hopeless if they have something of value like gold, oil etc and can actually deliver it. Even then all those embargoes do not help much. It sucks to be on the receiving end of modern "cold warfare" AKA "currency wars".
Nevertheless, let's assume they can set up some kind of local exchange trading bitcoins for whatever of value they may have at whatever the market sez it worth. Here you go, they have breached the blockade at least to some degree and Bitcoin immediately classified by some as "enemy of the state" and "treasonous financial instrument", lol, and by some as a "strategic resource".
A: No one.
Sorry, but tough titty. Maybe it is not that hopeless if they have something of value like gold, oil etc and can actually deliver it. Even then all those embargoes do not help much. It sucks to be on the receiving end of modern "cold warfare" AKA "currency wars".
Nevertheless, let's assume they can set up some kind of local exchange trading bitcoins for whatever of value they may have at whatever the market sez it worth. Here you go, they have breached the blockade at least to some degree and Bitcoin immediately classified by some as "enemy of the state" and "treasonous financial instrument", lol, and by some as a "strategic resource".
That's indeed a interesting question. I can't think of a solution, that wouldn't make this even more complicated.
I'm interested to see some proposals.
Oh, maybe ripple could be a possibility?
I'm interested to see some proposals.
Oh, maybe ripple could be a possibility?
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