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A comment on Argentina restricts online shopping as foreign reserves drop. Parent comment

Re:Argentina restricts online shopping as foreign reserves drop by gojomo on Tuesday January 21, 2014 @11:14PM (#7100658)
Whatever people are doing to get the pesos, they can do directly for bitcoin instead.
[ Parent | on HN ]
Re:Argentina restricts online shopping as foreign reserves drop by maxerickson on Tuesday January 21, 2014 @11:35PM (#7100742)
I was careful to ask how the bitcoin are going to get into the in-country economy.

If no one has any bitcoin then no one can work for bitcoin.

Of course, Argentinians could attempt to bootstrap their own cryptocurrency..

[ Parent | on HN ]
Re:Argentina restricts online shopping as foreign reserves drop by wslh on Wednesday January 22, 2014 @12:44AM (#7100982)
Of course, Argentinians could attempt to bootstrap their own cryptocurrency..

It's ironic that one of the cryptocurrency experts is Argentinian: http://bitslog.wordpress.com

[ Parent | on HN ]
Re:Argentina restricts online shopping as foreign reserves drop by marshray on Wednesday January 22, 2014 @12:30AM (#7100932)
Perhaps we ought turn the question around:

Under such circumstances, how is anyone going to keep bitcoin out of Argentina?

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Re:Argentina restricts online shopping as foreign reserves drop by maxerickson on Wednesday January 22, 2014 @02:52PM (#7104937)
I don't think anyone is going to keep bitcoin out of Argentina.

I just don't see how enough of them can get in for it to matter all that much.

[ Parent | on HN ]
Re:Argentina restricts online shopping as foreign reserves drop by zfran on Tuesday January 21, 2014 @11:22PM (#7100696)
who's gonna pay in bitcoin when they can do it in shitty soon-to-devaluate pesos?
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Re:Argentina restricts online shopping as foreign reserves drop by gojomo on Tuesday January 21, 2014 @11:44PM (#7100772)
Who's going to take pesos when someone else is offering bitcoin?
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Re:Argentina restricts online shopping as foreign reserves drop by wslh on Tuesday January 21, 2014 @11:50PM (#7100794)
You have dollars and Argentinians love dollars. You can buy and sell dolars in the [not so] black market.
[ Parent | on HN ]
Re:Argentina restricts online shopping as foreign reserves drop by fancyketchup on Wednesday January 22, 2014 @12:47AM (#7100992)
Who's going to offer bitcoin? Nobody living in Argentina has any to offer. American and European tourists? Why wouldn't they keep their (appreciating) bitcoins at home and just offer to pay in Dollars or Euros?
[ Parent | on HN ]
Re:Argentina restricts online shopping as foreign reserves drop by politician on Wednesday January 22, 2014 @04:49PM (#7105599)
They can bootstrap a Bitcoin-variant on a new block chain, and have plenty and plenty which are calibrated to the local economy rather than the Western economy.

Remember, money doesn't have intrinsic value. There's no reason a bunch of pissed off middle class educated people can't en masse adopt a new way of trading resources.

[ Parent | on HN ]