Whatever people are doing to get the pesos, they can do directly for bitcoin ins...

maxerickson · on Jan 22, 2014

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..

wslh · on Jan 22, 2014

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

marshray · on Jan 22, 2014

Perhaps we ought turn the question around:

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

maxerickson · on Jan 22, 2014

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.

zfran · on Jan 22, 2014

who's gonna pay in bitcoin when they can do it in shitty soon-to-devaluate pesos?

gojomo · on Jan 22, 2014

Who's going to take pesos when someone else is offering bitcoin?

wslh · on Jan 22, 2014

You have dollars and Argentinians love dollars. You can buy and sell dolars in the [not so] black market.

fancyketchup · on Jan 22, 2014

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?

politician · on Jan 22, 2014

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.