Argentina goverment fixing the exchange rates - the LocalBitcoins solution(localbitcoins.blogspot.fi)

5 pointsby jerguismi13 ปีที่แล้ว1 comments

localbitcoins.blogspot.fi

Argentina goverment fixing the exchange rates - the LocalBitcoins solution

http://localbitcoins.blogspot.fi/2013/06/argentina-goverment-fixing-exchange.html

1 comments

macavity2313 ปีที่แล้ว

Interesting that localbitcoin are offering a 'blue market rate' on their site, but this is short on analysis. Try Jon Matonis' article here (but bear in mind Mr. Matonis is a major BTC supporter): http://www.forbes.com/sites/jonmatonis/2013/04/27/bitcoins-p...

This is a far more interesting aspect of Bitcoin than those of anonymity, Silk Road and ending dollar hegemony: offering citizens a way around their government fscking with their currency. This is a huge benefit that those of us living in stable Western democracies might have a hard time appreciating, and I'm hard-pressed to see a downside.

Furthermore, the more acceptance bitcoin has for this purpose, the more jurisdictionally-distinct exchanges it gains, and the harder it becomes to shut down.