nice press on bitcoin in argentina today

aso118

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Quote from: Amph on May 09, 2015, 12:10:02 PM

they simply don't have enough funds to invest, and because of this they can't raise a good infrastructure for bitcoin

For Bitcoin to succeed, all you need is people with access to the internet. The rest of the fancy infrastructure is optional.
As long as you have people willing to transact with Bitcoin, it has a very good chance to succeed.

manselr

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Quote from: OROBTC on May 09, 2015, 12:58:31 PM

...

Based on what I am hearing from Argentina (two of my three localbitcoin suppliers visit Argentina regulalrly) and the fact that of the FOUR Peruvian tech people I have talked to here in Peru (on visit), I would have to conclude:

That a financially repressive country like Argentina with an active IT community needing financial freedom to move funds around is an ideal place for BTC to make quick advances.

Argentina is worth keeping an eye on. I wonder how China and Russia are now re Bitcoin... CHINA now mines over 50% of it! Russia is cracking down.

Peru imposes very few capital controls (similar to the current USA policies actually). NOT ONE of the four Peruvian IT guys even knew what I was talking about.

China has BTC "regulated", yet they have some of the biggest if not the biggest mining operations on the planet taking entire buildings with noisy ass fans all over the place. I always wondered how is this even possible.

OROBTC

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...

Based on what I am hearing from Argentina (two of my three localbitcoin suppliers visit Argentina regulalrly) and the fact that of the FOUR Peruvian tech people I have talked to here in Peru (on visit), I would have to conclude:

That a financially repressive country like Argentina with an active IT community needing financial freedom to move funds around is an ideal place for BTC to make quick advances.

Argentina is worth keeping an eye on. I wonder how China and Russia are now re Bitcoin... CHINA now mines over 50% of it! Russia is cracking down.

Peru imposes very few capital controls (similar to the current USA policies actually). NOT ONE of the four Peruvian IT guys even knew what I was talking about.

Amph

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Quote from: tyz on May 09, 2015, 08:27:54 AM

So, if all those disadvantages of the local currency exist why isn't Bitcoin making any remarkable progress in such countries like Argentinia?

Quote from: aso118 on May 09, 2015, 08:18:10 AM

Quote from: V for Varoufakis on May 09, 2015, 12:43:22 AM

Quote from: countryfree on May 08, 2015, 04:07:33 PM

I've said it many times. Not London, nor Scandinavia. Argentina's very promising for BTC. Just like every country where the government, and local currency, aren't trustworthy.

Argentina s currency is strong now.

The current strength of the currency does not matter. It is not freely convertible and its banks are mandated to exchange foreign currency at rates fixed by the government. Argentina is fertile ground for Bitcoin to grow and succeed.

they simply don't have enough funds to invest, and because of this they can't raise a good infrastructure for bitcoin

tyz

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So, if all those disadvantages of the local currency exist why isn't Bitcoin making any remarkable progress in such countries like Argentinia?

Quote from: aso118 on May 09, 2015, 08:18:10 AM

Quote from: V for Varoufakis on May 09, 2015, 12:43:22 AM

Quote from: countryfree on May 08, 2015, 04:07:33 PM

I've said it many times. Not London, nor Scandinavia. Argentina's very promising for BTC. Just like every country where the government, and local currency, aren't trustworthy.

Argentina s currency is strong now.

The current strength of the currency does not matter. It is not freely convertible and its banks are mandated to exchange foreign currency at rates fixed by the government. Argentina is fertile ground for Bitcoin to grow and succeed.

aso118

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Quote from: V for Varoufakis on May 09, 2015, 12:43:22 AM

Quote from: countryfree on May 08, 2015, 04:07:33 PM

I've said it many times. Not London, nor Scandinavia. Argentina's very promising for BTC. Just like every country where the government, and local currency, aren't trustworthy.

Argentina s currency is strong now.

The current strength of the currency does not matter. It is not freely convertible and its banks are mandated to exchange foreign currency at rates fixed by the government. Argentina is fertile ground for Bitcoin to grow and succeed.

V for Varoufakis

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Quote from: countryfree on May 08, 2015, 04:07:33 PM

I've said it many times. Not London, nor Scandinavia. Argentina's very promising for BTC. Just like every country where the government, and local currency, aren't trustworthy.

Argentina s currency is strong now.

countryfree

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Your country may be your worst enemy

I've said it many times. Not London, nor Scandinavia. Argentina's very promising for BTC. Just like every country where the government, and local currency, aren't trustworthy.

tyz

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I would say more than 99% of global population have not heard about Bitcoin yet. It is still a topic of a small group of people. The press around the hype almost two years ago was not that much to burn Bitcoin into people's heads sustainably.

Quote from: CryptoTrout on May 06, 2015, 02:25:18 PM

im always surprised by how many people have still never heard of bitcoin

differential350

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good ol' propaganda I guess

Bitcoin is already disrupting Argentina's economy... and the next one could be yours!

Tony Taglialucci

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Christina is under my protection. Nobody can touch her.

OROBTC

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...

TWO of the three guys in my city that I have bought BTC from travel to Argentina. Both have said that BTC is indeed growing rapidly. BTC gets the same kind of PREMIUM vs. local currency that US FRNs do I was told, and is probably safer than changing cash "on the street".

So, yeah, bring your Ledger to B.A. and enjoy the CHEAP AND GREAT wines & steak!

* * *

Too bad Peru (where I am visiting now) has approximately ZERO places to spend BTC. Even more disappointing is that not even gold is really available (at a reasonable markup) here, yet Peru is the 6th largest producer of gold in the world.

CryptoTrout

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im always surprised by how many people have still never heard of bitcoin

V for Varoufakis

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They don't need bitcoin or any other currency. Their economy is strong now and inflated.

manselr

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Argentina has been a mess for years, they know by first hand experience what massive bailouts are, and they don't want to be caught on that trap gain, thats why Bitcoin is a big thing in Argentina.

thejaytiesto

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Quote from: bitllionaire on April 30, 2015, 02:15:52 PM

And Argentina government tweeted about the article... https://twitter.com/CasaRosadaAR/status/593584932485779457

https://www.reddit.com/r/Bitcoin/comments/34eb9q/argentinas_govt_tweets_ironically_about_bitcoin/

Lol, it seems the Argentinian government is severely butthurt because a big news site reported the fact Bitcoin is getting used on their country to bypass their national currency scam. Serves them well and all that retweet does is help spreading the BTC fame.

Fabrizio89

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I hope this argentina and philippines hype is real.

Mayer Amschel

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This is great, Argentina as mentioned by Amph, is in quite a mess when it comes to there economy. Personally, after visiting again last year previously being there in 87 i can say it will be a perfect place for Bitcoin to grow considering they path it has taken economically.

- Mayer Amschel

Amph

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their economic situation isn't one of the best, they are using bitcoin to escape it, poor country should increase their pil with bitcoin, which is good , it also true what they said about the regulation of bitcoin happening in a more advanced countries that actually don't need it, but they can regulate it faster

grendel25

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It's always cool for any positive PR for bitcoin. But we all know that the price doesn't move unless it's a serious rumor about something China is going to do or not do. Yep, need some serious China news, guys.

maku

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Quote from: Undermood on May 05, 2015, 09:30:25 PM

The adoption rated in Argentina is quite low at the moment. The gov's uncertain policy to Bitcoin is dramatically hindering the growth of adoption rate and the development of bitcoin's business. Hopefully they will come to realize the benefits Bitcoin will bring to them and embrace it.

Argentina had already many economic experiments, for example the pension system
http://onlinelibrary.wiley.com/doi/10.1111/1468-246X.00160/abstract
http://www.economist.com/news/americas/21571911-government-drags-its-feet-over-compensating-pensioners-inflation-now-or-never
So Argentine government is cautious and is not taking bitcoin with open arms.
Also "Hopefully they will come to realize the benefits Bitcoin will bring to them and embrace it." I think it's still a bit too early to say how it will all work out (Russia is banning btc as is China, btc future in USA is uncertain)

Undermood

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The adoption rated in Argentina is quite low at the moment. The gov's uncertain policy to Bitcoin is dramatically hindering the growth of adoption rate and the development of bitcoin's business. Hopefully they will come to realize the benefits Bitcoin will bring to them and embrace it.

tspacepilot

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Quote from: galbros on April 30, 2015, 03:28:36 PM

Well I like your thread title about the article more than the other thread's. Argentina is a great combination of educated citizenry and computer infrastructure with fiscal malpractice where bitcoin could really help the people out.

Ha, yes, "disruption" is the term used by NYT. I didn't see that other thread but many of the folks in there are using the wrong definition of "disrupt". There's disrupt as in what a loud noise does to people at a library, but then there's disrupt meaning a change of paradigm, where the disruption is leading to new ways of doing things. I think it's this latter usage which NYT is meaning.

galbros

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Well I like your thread title about the article more than the other thread's. Argentina is a great combination of educated citizenry and computer infrastructure with fiscal malpractice where bitcoin could really help the people out.

bitllionaire

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And Argentina government tweeted about the article... https://twitter.com/CasaRosadaAR/status/593584932485779457

https://www.reddit.com/r/Bitcoin/comments/34eb9q/argentinas_govt_tweets_ironically_about_bitcoin/

tspacepilot

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http://yro.slashdot.org/story/15/04/30/174218/bitcoin-is-disrupting-the-argentine-economy

From NYT and featured on slashdot. Just thought I'd let y'all know!

Topic: nice press on bitcoin in argentina today (Read 1546 times)