Bitcoin Transactions Rise As Economic Unrest Hits Argentina

http://techcrunch.com/2013/07/16/bitcoin-transactions-rise-as-economic-unrest-hits-argentina/

by Sealy • 13 years ago

45 12 13 years ago

techcrunch.com

wslh4• 13 years ago

1) One of the best cryptographic analysis of bitcoins is from an Argentinian: https://bitslog.wordpress.com

2) If the developer is Argentinian he/she can do the job for foreign company and earn dollars.

3) They can bring the dollars to the country using the black market.

eeky• 13 years ago

Why not use bitcoin instead of dollars? The point of using dollars in Argentina is to avoid inflation by a central entity, but doesn't bitcoin solve that problem better? It has the added benefit of not being explicitly illegal and having to use a black market.

wslh4• 13 years ago

If you are a developer bitcoins are not the best option. How many customers will prefer to pay you in bitcoins than in the local currency? very few and it can be an extra headache for them. Also bitcoins' fluctuations can play against you because you can't change your price all the time according its hourly value.

Sealy• 13 years ago

I hope these kind of events help lead up to a critical mass where adoption starts to skyrocket. What articles like these show is that people are starting to have more faith in the cryptography-backed currencies then their own government backed currencies.

Great news for those bullish on bitcoin. (Like myself)

trilobite• 13 years ago

Please do not spread this FUD, I write this from Argentina and believe me there is no economic unrest. There is a great political battle and every side uses as much press as they can get but that does not make any of what they publish true.

Bitcoin Transactions Rise As Economic Unrest Hits Argentina

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