News for hackers. Stuff that matters.

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

Re:Argentina restricts online shopping as foreign reserves drop by ihsw on Wednesday January 22, 2014 @01:09AM (#7101066)
Because they wish to do business in South America, or with South American companies.

Economic unity is very attractive, especially considering the financial/legal hurdles that come with reaching customers in a dozen different currencies in a dozen different national jurisdictions.

[ Parent | on HN ]
Re:Argentina restricts online shopping as foreign reserves drop by GigabyteCoin on Wednesday January 22, 2014 @01:14AM (#7101095)
Ok we're really going on a tangent now...

So the proposed solution is to:

a) create a crypto currency for south americans only

b) ask other countries who want to buy your resources to pay in south american coin

c) convert south america coin to bitcoin (how?) once you have transacted with the rest of the world to re-enter the world-currency market

Good luck with that idea. It's never going to work.

[ Parent | on HN ]