PayPal set to suspend domestic transactions in Argentina - page 2.

kangasbros

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Quote from: JMAHH on September 14, 2012, 10:29:38 AM

Why haven't we seen, for example, a wallet client with built-in buy/sell bitcoin function? As in, Mt.Gox in your wallet. I am a 100% sure this would greatly facilitate life for new adopters.

Actually there has been MtGox Android client for at least half an year or so, maybe even longer. It is pretty crappy, but still Cheesy

(always crashed when I tried it, nowadays I don't use mtgox any more).

JMAHH

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Quote from: kangasbros on September 14, 2012, 10:20:21 AM

Quote from: muyuu on September 14, 2012, 07:34:29 AM

They have a very long history of currency instability, but they'd much rather go for something that they know, that they can use easily and that's not as volatile at bitcoin: the dollar is king in Argentina. And after the dollar, other fiat currencies or precious metals. Bitcoins are nowhere in their psyche.

Yeah, true. But bitcoin is still there, and although not very understable, its properties are superior to any other alternative such as gold or dollars. In the long run people will see this. Meanwhile the early adopters will start to use it and benefit.

There is a lot of talk about bringing Bitcoin to new users. Especially user-friendliness is of importance. I think there is quite some money to be made by investing in a more user-friendly approach to Bitcoin.

Why haven't we seen, for example, a wallet client with built-in buy/sell bitcoin function? As in, Mt.Gox in your wallet. I am a 100% sure this would greatly facilitate life for new adopters.

kangasbros

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Quote from: muyuu on September 14, 2012, 07:34:29 AM

They have a very long history of currency instability, but they'd much rather go for something that they know, that they can use easily and that's not as volatile at bitcoin: the dollar is king in Argentina. And after the dollar, other fiat currencies or precious metals. Bitcoins are nowhere in their psyche.

Yeah, true. But bitcoin is still there, and although not very understable, its properties are superior to any other alternative such as gold or dollars. In the long run people will see this. Meanwhile the early adopters will start to use it and benefit.

JMAHH

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Quote from: crazy_rabbit on September 14, 2012, 09:04:10 AM

Quote from: Francesco on September 14, 2012, 06:55:20 AM

Quote from: Blind on September 13, 2012, 11:29:32 PM

It's great opportunity, but I don't have much hope for breakthrough. We already celebrated Italy's move to restrict cash transactions to 300 euro or so, but according to my (limited) knowledge nothing came out of it, and I pretty much expect the same in Argentina's case.

Actually Italy limited cash to 50 Euros recently. But I too don't see much good coming for bitcoins -no one is really going to bother with learning something so different from what they use to know, unless there is a really user friendly way to approach it -and a very compelling reason to bother, such as imminent default or dramatic exchange rate drop.

Quote from: kangasbros on September 14, 2012, 06:28:29 AM

Obligatory localbitcoins link: https://localbitcoins.com/country/AR

Nearest seller is 70 km away -mhh, I could become one myself

Still not nearly user-friendly enough for the casual user, though.

50 Euros? I think it's 1000Euros.

There's a thread about it. Last time I checked it was actually 50, but it seems improbable practically.

muyuu

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Quote from: Piper67 on September 14, 2012, 08:52:37 AM

Quote from: majamalu on September 14, 2012, 08:50:21 AM

Quote from: muyuu on September 14, 2012, 08:36:51 AM

Quote from: majamalu on September 14, 2012, 08:28:22 AM

Quote from: muyuu on September 14, 2012, 07:34:29 AM

the dollar is king in Argentina. And after the dollar, other fiat currencies or precious metals. Bitcoins are nowhere in their psyche.

Remember: buying dollars or gold is now banned in Argentina.

But as you know very well, this doesn't stop it.

But predisposes people to consider alternatives.

Not necessarily, but a strong distaste for the US might Cheesy

Actually they only increase demand every time they restrict it, they can lower actual trade but not demand. Quite naturally, too.

crazy_rabbit

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RUM AND CARROTS: A PIRATE LIFE FOR ME

Quote from: Francesco on September 14, 2012, 06:55:20 AM

Quote from: Blind on September 13, 2012, 11:29:32 PM

It's great opportunity, but I don't have much hope for breakthrough. We already celebrated Italy's move to restrict cash transactions to 300 euro or so, but according to my (limited) knowledge nothing came out of it, and I pretty much expect the same in Argentina's case.

Actually Italy limited cash to 50 Euros recently. But I too don't see much good coming for bitcoins -no one is really going to bother with learning something so different from what they use to know, unless there is a really user friendly way to approach it -and a very compelling reason to bother, such as imminent default or dramatic exchange rate drop.

Quote from: kangasbros on September 14, 2012, 06:28:29 AM

Obligatory localbitcoins link: https://localbitcoins.com/country/AR

Nearest seller is 70 km away -mhh, I could become one myself

Still not nearly user-friendly enough for the casual user, though.

50 Euros? I think it's 1000Euros.

BCB

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BCJ

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Quote from: Stephen Gornick on September 14, 2012, 01:05:38 AM

What can be bought in Argentina is UKash

The guy from UKash is giving a talk at this weekend's London Bitcoin Conference about how to use UKash with Bitcoin. So they are keen, and I'd say this is a fantastic way forward.

I would love to hear this talk. Does anyone know if it is being recorded?

Piper67

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Quote from: majamalu on September 14, 2012, 08:50:21 AM

Quote from: muyuu on September 14, 2012, 08:36:51 AM

Quote from: majamalu on September 14, 2012, 08:28:22 AM

Quote from: muyuu on September 14, 2012, 07:34:29 AM

the dollar is king in Argentina. And after the dollar, other fiat currencies or precious metals. Bitcoins are nowhere in their psyche.

Remember: buying dollars or gold is now banned in Argentina.

But as you know very well, this doesn't stop it.

But predisposes people to consider alternatives.

Not necessarily, but a strong distaste for the US might Cheesy

majamalu

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Quote from: muyuu on September 14, 2012, 08:36:51 AM

Quote from: majamalu on September 14, 2012, 08:28:22 AM

Quote from: muyuu on September 14, 2012, 07:34:29 AM

the dollar is king in Argentina. And after the dollar, other fiat currencies or precious metals. Bitcoins are nowhere in their psyche.

Remember: buying dollars or gold is now banned in Argentina.

But as you know very well, this doesn't stop it.

But predisposes people to consider alternatives.

muyuu

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Activity: 980

Merit: 1000

Quote from: majamalu on September 14, 2012, 08:28:22 AM

Quote from: muyuu on September 14, 2012, 07:34:29 AM

the dollar is king in Argentina. And after the dollar, other fiat currencies or precious metals. Bitcoins are nowhere in their psyche.

Remember: buying dollars or gold is now banned in Argentina.

But as you know very well, this doesn't stop it.

majamalu

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Activity: 1652

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Quote from: muyuu on September 14, 2012, 07:34:29 AM

the dollar is king in Argentina. And after the dollar, other fiat currencies or precious metals. Bitcoins are nowhere in their psyche.

Remember: buying dollars or gold is now banned in Argentina.

thezerg

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Quote from: Francesco on September 14, 2012, 06:55:20 AM

Quote from: Blind on September 13, 2012, 11:29:32 PM

Obligatory localbitcoins link: https://localbitcoins.com/country/AR

Nearest seller is 70 km away -mhh, I could become one myself

Still not nearly user-friendly enough for the casual user, though.

You should! The only way for a currency to become popular is for people to start advertising that they will accept or trade it. If using the exchanges is complicated in Argentina then its doubly important.

Etlase2

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Quote from: mobodick on September 14, 2012, 07:27:49 AM

They can also recognise encrypted traffic and filter that.

I would hope if this becomes the case that really smart people will come up with ingenious ways of using steganography and other protocol obfuscation to make this harder than catching a greased pig. But AFAIK nobody has made very strong attempts to do this yet as most protocol obfuscation is easily defeated.

muyuu

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Quote from: kangasbros on September 14, 2012, 06:28:29 AM

My theory is that in these countries like Argentina bitcoin will be huge success, because:

- Easier to transfer than dollars/euros/other foreign currencies
- Cash and other valuables can be confiscated at the border, bitcoin can't
- Many people in these countries dream of moving to somewhere else, and bitcoin is the ultimate tool for that - it is fairly easy to convert bitcoins to other currencies in any developed country.

Obligatory localbitcoins link: https://localbitcoins.com/country/AR

They have a very long history of currency instability, but they'd much rather go for something that they know, that they can use easily and that's not as volatile at bitcoin: the dollar is king in Argentina. And after the dollar, other fiat currencies or precious metals. Bitcoins are nowhere in their psyche.

mobodick

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Quote from: kangasbros on September 14, 2012, 07:10:28 AM

Quote from: mobodick on September 14, 2012, 07:06:53 AM

Blocking bitcoin traffic maybe?
If your answer is encrypted tunneling then they can block that.
If your answer is use Tor then they can block access to Tor.
In any case, they have enough points of attack to cripple general bitcoin use.

Short: "They could block bitcoin by disabling internet". Good luck with that Cheesy

It is not trivial to block tor, for example. China has been pretty succesful with it, but they have enormous resources compared to country like Argentina...

AFAIK most of the consumer parts of the internet do not require tor or encrypted tunnels so they will not be disabling internet as used by most people.
Most ISPs in the world have filtering capabilities, it has become the defacto standard.
This can be used to recognise unencrypted bitcoin traffic.
They can also recognise encrypted traffic and filter that.
TOR servers are known and can be blocked on IP basis.

And i'm not saying they must block all of the traffic, they just need to block it enough to make bitcoin impractical.

kangasbros

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Quote from: mobodick on September 14, 2012, 07:06:53 AM

Blocking bitcoin traffic maybe?
If your answer is encrypted tunneling then they can block that.
If your answer is use Tor then they can block access to Tor.
In any case, they have enough points of attack to cripple general bitcoin use.

Short: "They could block bitcoin by disabling internet". Good luck with that Cheesy

It is not trivial to block tor, for example. China has been pretty succesful with it, but they have enormous resources compared to country like Argentina...

mobodick

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Quote from: majamalu on September 14, 2012, 01:51:10 AM

Quote from: Blind on September 13, 2012, 11:29:32 PM

Actually, if Bitcoin gained any momentum there, it is likely that their government would try to block it

How?

Blocking bitcoin traffic maybe?
If your answer is encrypted tunneling then they can block that.
If your answer is use Tor then they can block access to Tor.
In any case, they have enough points of attack to cripple general bitcoin use.

Francesco

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Quote from: Blind on September 13, 2012, 11:29:32 PM

It's great opportunity, but I don't have much hope for breakthrough. We already celebrated Italy's move to restrict cash transactions to 300 euro or so, but according to my (limited) knowledge nothing came out of it, and I pretty much expect the same in Argentina's case.

Actually Italy limited cash to 50 Euros recently. But I too don't see much good coming for bitcoins -no one is really going to bother with learning something so different from what they use to know, unless there is a really user friendly way to approach it -and a very compelling reason to bother, such as imminent default or dramatic exchange rate drop.

Quote from: kangasbros on September 14, 2012, 06:28:29 AM

Obligatory localbitcoins link: https://localbitcoins.com/country/AR

Nearest seller is 70 km away -mhh, I could become one myself

Still not nearly user-friendly enough for the casual user, though.

kangasbros

hero member

Activity: 812

Merit: 1006

My theory is that in these countries like Argentina bitcoin will be huge success, because:

- Easier to transfer than dollars/euros/other foreign currencies
- Cash and other valuables can be confiscated at the border, bitcoin can't
- Many people in these countries dream of moving to somewhere else, and bitcoin is the ultimate tool for that - it is fairly easy to convert bitcoins to other currencies in any developed country.

Obligatory localbitcoins link: https://localbitcoins.com/country/AR

Piper67

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And one more reason why Bitcoin will get traction in Argentina: Nothing in the world makes you question the true nature of money more than hyperinflation. There are enough Argentines around who still remember 1989-1991 (and the three decades before). Bitcoin will resonate with them.

Topic: PayPal set to suspend domestic transactions in Argentina - page 2. (Read 4772 times)