Is Argentina the cyprus of 2014? | Bitcointalksearch.org

polynesia

legendary

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Quote from: giveBTCpls on August 23, 2014, 05:21:06 AM

Cristina Hitchens is a massive delusional spastic that doesn't get you can't defy the status quo without a more solid plan than saying "we are not paying that debt" then expecting things to not get royalty fucked up.

Just trying to get the vulture investors to back down.

giveBTCpls

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Cristina Hitchens is a massive delusional spastic that doesn't get you can't defy the status quo without a more solid plan than saying "we are not paying that debt" then expecting things to not get royalty fucked up.

itsAj

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Quote from: fran2k on August 14, 2014, 09:57:28 PM

Quote from: Mobius on August 13, 2014, 12:29:21 AM

Quote from: fran2k on August 12, 2014, 12:02:21 AM

Quote from: polynesia on August 06, 2014, 11:17:10 AM

Quote from: Connor936 on August 05, 2014, 10:06:55 PM

Argentina could print pesos to buy dollars to pay back their debts. As they sell more pesos, the value of each peso would decrease so the more they print the less dollars they can buy on a per peso basis.

No country has managed to mint its way out of a crisis.

May be they shoud try with cryptocurrencies. Cheesy

I don't think this would be possible. You cannot "mint" cryptos out of thing air. You must first make an investment (buy an ASIC(s)). If you are referring to them creating some kind of altcoin with coins premined then this would also make no sense as it would be unlikely that there would be any kind of demand for this (there is little demand for most alts).

First, all FIAT money is full premine. Second, this alt could be backed by the stated, and that can make it quite popular.

If the national currency is unpopular in a country then why would an atlcoin that is backed by the same country do any better? An altcoin as you describe would have less benefits and more drawbacks then a fiat based currency based by a specific country. The main difference is that an altcoin based currency would be subject to attacks on the network while a fiat based currency would not.

botany

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Quote from: zen2 on August 17, 2014, 05:43:19 AM

I think Turkey, now you mentioned it, could be a real contender. Turkey is very well integrated in the international tourism market, has a remittance population in Germany which sends money home and then there are those rules you mentioned. It was the exchange rules that convinced some Chinese to go big into Bitcoin.

I'm rather excited that now there is supposedly 4000 bank terminals in Ukraine which accept Bitcoin but the problem is I don't want to vacation in a country and have my hotel or hostel get blown up by a ballistic missile.

There are a lot of countries which seem to be 'ripe' for discovering bitcoin.

cuddaloreappu

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Crying for Argentina

https://www.youtube.com/watch?v=ya3Dh1K2qvA

zen2

full member

Activity: 155

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I think Turkey, now you mentioned it, could be a real contender. Turkey is very well integrated in the international tourism market, has a remittance population in Germany which sends money home and then there are those rules you mentioned. It was the exchange rules that convinced some Chinese to go big into Bitcoin.

I'm rather excited that now there is supposedly 4000 bank terminals in Ukraine which accept Bitcoin but the problem is I don't want to vacation in a country and have my hotel or hostel get blown up by a ballistic missile.

zedicus

legendary

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CryptoTalk.Org - Get Paid for every Post!

Quote from: madken7777 on August 15, 2014, 02:47:54 AM

Quote from: zedicus on August 14, 2014, 10:12:50 PM

Quote from: botany on August 13, 2014, 11:51:26 AM

Quote from: Mobius on August 13, 2014, 12:29:21 AM

Quote from: fran2k on August 12, 2014, 12:02:21 AM

Quote from: polynesia on August 06, 2014, 11:17:10 AM

Quote from: Connor936 on August 05, 2014, 10:06:55 PM

Argentina could print pesos to buy dollars to pay back their debts. As they sell more pesos, the value of each peso would decrease so the more they print the less dollars they can buy on a per peso basis.

No country has managed to mint its way out of a crisis.

May be they shoud try with cryptocurrencies. Cheesy

I don't think this would be possible. You cannot "mint" cryptos out of thing air. You must first make an investment (buy an ASIC(s)). If you are referring to them creating some kind of altcoin with coins premined then this would also make no sense as it would be unlikely that there would be any kind of demand for this (there is little demand for most alts).

I think most altcoins see "hyperinflation" in their value, that is see their value tumble as people realize that the alt has no value that bitcoin cannot provide.

Even if they do come out with altcoins, its credibility would be linked to the Argentinian government. You would probably see hyperinflation in these altcoins too. Wink

I think that most altcoins experience hyperinflation as more people realize that they cannot offer any thing of value so people sell the coins. This results in the price of the altcoin more or less crashing.

Altcoins have no value to begin with. This is just the dump phase rather than "hyperinflation".

They get their value from the speculators in the market, instead of from the security of the network (miners) as what happens with bitcoin.

TETOCONPOLERA

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Activity: 118

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As you can see in Coinmap, in Argentina we have a lot of business which accepts bitcoins, 148 vs 154 from the other country in south america together

also we have some e-business like bitpagos, digicoins, http://enbitcoins.com (where you can pay taxes and services with bitcoin), two exchange (unisend and satoshitango)

on the other hand, we are near 40.000.000 inhabitants, so we still have a long road...

we have a new "revolutionary moventent".... LaSatoshi when we do a little publicity, it's a half joke, a half seriuos

https://www.facebook.com/lasatoshi?fref=ts

madken7777

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Activity: 182

Merit: 100

Quote from: zedicus on August 14, 2014, 10:12:50 PM

Quote from: botany on August 13, 2014, 11:51:26 AM

Quote from: Mobius on August 13, 2014, 12:29:21 AM

Quote from: fran2k on August 12, 2014, 12:02:21 AM

Quote from: polynesia on August 06, 2014, 11:17:10 AM

Quote from: Connor936 on August 05, 2014, 10:06:55 PM

Argentina could print pesos to buy dollars to pay back their debts. As they sell more pesos, the value of each peso would decrease so the more they print the less dollars they can buy on a per peso basis.

No country has managed to mint its way out of a crisis.

May be they shoud try with cryptocurrencies. Cheesy

I don't think this would be possible. You cannot "mint" cryptos out of thing air. You must first make an investment (buy an ASIC(s)). If you are referring to them creating some kind of altcoin with coins premined then this would also make no sense as it would be unlikely that there would be any kind of demand for this (there is little demand for most alts).

I think most altcoins see "hyperinflation" in their value, that is see their value tumble as people realize that the alt has no value that bitcoin cannot provide.

Even if they do come out with altcoins, its credibility would be linked to the Argentinian government. You would probably see hyperinflation in these altcoins too. Wink

I think that most altcoins experience hyperinflation as more people realize that they cannot offer any thing of value so people sell the coins. This results in the price of the altcoin more or less crashing.

Altcoins have no value to begin with. This is just the dump phase rather than "hyperinflation".

zedicus

legendary

Activity: 966

Merit: 1004

CryptoTalk.Org - Get Paid for every Post!

Quote from: botany on August 13, 2014, 11:51:26 AM

Quote from: Mobius on August 13, 2014, 12:29:21 AM

Quote from: fran2k on August 12, 2014, 12:02:21 AM

Quote from: polynesia on August 06, 2014, 11:17:10 AM

Quote from: Connor936 on August 05, 2014, 10:06:55 PM

Argentina could print pesos to buy dollars to pay back their debts. As they sell more pesos, the value of each peso would decrease so the more they print the less dollars they can buy on a per peso basis.

No country has managed to mint its way out of a crisis.

May be they shoud try with cryptocurrencies. Cheesy

I don't think this would be possible. You cannot "mint" cryptos out of thing air. You must first make an investment (buy an ASIC(s)). If you are referring to them creating some kind of altcoin with coins premined then this would also make no sense as it would be unlikely that there would be any kind of demand for this (there is little demand for most alts).

I think most altcoins see "hyperinflation" in their value, that is see their value tumble as people realize that the alt has no value that bitcoin cannot provide.

Even if they do come out with altcoins, its credibility would be linked to the Argentinian government. You would probably see hyperinflation in these altcoins too. Wink

I think that most altcoins experience hyperinflation as more people realize that they cannot offer any thing of value so people sell the coins. This results in the price of the altcoin more or less crashing.

fran2k

hero member

Activity: 784

Merit: 500

Quote from: Mobius on August 13, 2014, 12:29:21 AM

Quote from: fran2k on August 12, 2014, 12:02:21 AM

Quote from: polynesia on August 06, 2014, 11:17:10 AM

Quote from: Connor936 on August 05, 2014, 10:06:55 PM

Argentina could print pesos to buy dollars to pay back their debts. As they sell more pesos, the value of each peso would decrease so the more they print the less dollars they can buy on a per peso basis.

No country has managed to mint its way out of a crisis.

May be they shoud try with cryptocurrencies. Cheesy

I don't think this would be possible. You cannot "mint" cryptos out of thing air. You must first make an investment (buy an ASIC(s)). If you are referring to them creating some kind of altcoin with coins premined then this would also make no sense as it would be unlikely that there would be any kind of demand for this (there is little demand for most alts).

First, all FIAT money is full premine. Second, this alt could be backed by the stated, and that can make it quite popular.

cuddaloreappu

hero member

Activity: 756

Merit: 502

8,000 Convenience Stores in Argentina Now Sell Bitcoin

http://www.coindesk.com/bitpagos-brings-bitcoin-8000-convenience-stores-ripio/

botany

legendary

Activity: 1582

Merit: 1064

Quote from: Mobius on August 13, 2014, 12:29:21 AM

Quote from: fran2k on August 12, 2014, 12:02:21 AM

Quote from: polynesia on August 06, 2014, 11:17:10 AM

Quote from: Connor936 on August 05, 2014, 10:06:55 PM

Argentina could print pesos to buy dollars to pay back their debts. As they sell more pesos, the value of each peso would decrease so the more they print the less dollars they can buy on a per peso basis.

No country has managed to mint its way out of a crisis.

May be they shoud try with cryptocurrencies. Cheesy

I don't think this would be possible. You cannot "mint" cryptos out of thing air. You must first make an investment (buy an ASIC(s)). If you are referring to them creating some kind of altcoin with coins premined then this would also make no sense as it would be unlikely that there would be any kind of demand for this (there is little demand for most alts).

Even if they do come out with altcoins, its credibility would be linked to the Argentinian government. You would probably see hyperinflation in these altcoins too. Wink

Mobius

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Activity: 988

Merit: 1000

Quote from: fran2k on August 12, 2014, 12:02:21 AM

Quote from: polynesia on August 06, 2014, 11:17:10 AM

Quote from: Connor936 on August 05, 2014, 10:06:55 PM

Argentina could print pesos to buy dollars to pay back their debts. As they sell more pesos, the value of each peso would decrease so the more they print the less dollars they can buy on a per peso basis.

No country has managed to mint its way out of a crisis.

May be they shoud try with cryptocurrencies. Cheesy

I don't think this would be possible. You cannot "mint" cryptos out of thing air. You must first make an investment (buy an ASIC(s)). If you are referring to them creating some kind of altcoin with coins premined then this would also make no sense as it would be unlikely that there would be any kind of demand for this (there is little demand for most alts).

nicojuritz

member

Activity: 98

Merit: 10

Every country has its way of managing its own crisis in all aspect so i don't think thats possible.

Bogleg

full member

Activity: 185

Merit: 100

Quote from: fran2k on August 12, 2014, 12:02:21 AM

Quote from: polynesia on August 06, 2014, 11:17:10 AM

Quote from: Connor936 on August 05, 2014, 10:06:55 PM

Argentina could print pesos to buy dollars to pay back their debts. As they sell more pesos, the value of each peso would decrease so the more they print the less dollars they can buy on a per peso basis.

No country has managed to mint its way out of a crisis.

May be they shoud try with cryptocurrencies. Cheesy

Good one. Just need to mint something to convince other it is better than bitcoin.

Instant profit.

fran2k

hero member

Activity: 784

Merit: 500

Quote from: polynesia on August 06, 2014, 11:17:10 AM

Quote from: Connor936 on August 05, 2014, 10:06:55 PM

Argentina could print pesos to buy dollars to pay back their debts. As they sell more pesos, the value of each peso would decrease so the more they print the less dollars they can buy on a per peso basis.

No country has managed to mint its way out of a crisis.

May be they shoud try with cryptocurrencies. Cheesy

polynesia

legendary

Activity: 1358

Merit: 1000

Quote from: dontCAREhair on August 07, 2014, 08:51:51 PM

Quote from: polynesia on August 07, 2014, 08:24:43 PM

Quote from: Super Bitcoin on August 07, 2014, 01:09:22 PM

everything looks similiar .
im really curios to know and understand about that Cheesy

You don't have to wait for long. Things will play out in the next couple of months.

The difference is that Argentina will likely be contained just in Argentina, while the problem in cypress could have easily spread throughout europe.

I wish we could be sure of that.

http://www.ftadviser.com/2014/08/07/funds-and-data/default-may-expose-global-vulnerability-CxMS2BGjtw5aoL2r1p1btI/article.html

dontCAREhair

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Activity: 119

Merit: 100

Quote from: polynesia on August 07, 2014, 08:24:43 PM

Quote from: Super Bitcoin on August 07, 2014, 01:09:22 PM

everything looks similiar .
im really curios to know and understand about that Cheesy

You don't have to wait for long. Things will play out in the next couple of months.

The difference is that Argentina will likely be contained just in Argentina, while the problem in cypress could have easily spread throughout europe.

polynesia

legendary

Activity: 1358

Merit: 1000

Quote from: Super Bitcoin on August 07, 2014, 01:09:22 PM

everything looks similiar .
im really curios to know and understand about that Cheesy

You don't have to wait for long. Things will play out in the next couple of months.

Topic: Is Argentina the cyprus of 2014? (Read 5682 times)