Bitcoins in Argentina – a Brief Documentary

[joboo]

http://www.youtube.com/watch?v=e__m-w4N7NI&sns=em  
"In Buenos Aires we talk with Diego who uses Bitcoin to avoid the skyrocketing inflation and monetary restrictions of the Argentinian Peso."
http://bitcoinfilm.org/

[Horn]

Diego was ultimately left holding his pad, when the internet access price inflated beyond his control.

Just forecasting there.

[joboo]

The nice thing is he can encrypt one file, transfer it to any medium, and send it wherever his imagination can take him i.e. mail to friends, relatives etc, or email to a google account called grandma's_cookie_recipe.doc, go on vacation, free hotel wifi, logon to google...

[Horn]

When landing in Brazil with hopes of escaping his former inflated home in Argentinia, Diego found that his Bitcoins had more than halved in price due to Litecoins making a public market surge.

Returning to Argentinia and spent the remainder of his years living at Grandma's house...

[joboo]

....or they both go up 10x from here (certain at this point), and he buys grandma a new house.

Bit torrent completely revolutionized the movie, and music industry, despite all efforts from x# of lawyers, and agencies to not see the writing on the wall...round two of people v.s. the man unfolding ATM. Attempting to apply "Intellectual" property rights on earnings/money against the masses that earn it....gee I wonder who is going to win this one...

25% inflation ouch.

[Twisted Titan]

When i watch that 8 min vid The biggest question that is running through my mind.

IF THE PESO IS SO BAD.....WHY ARE YOU WILLING TO ACCEPT THEM?

[joboo]

When i watch that 8 min vid The biggest question that is running through my mind.

IF THE PESO IS SO BAD.....WHY ARE YOU WILLING TO ACCEPT THEM?

I thought the same, but then I began to actually think... the guy is from another country, and the 25% depreciation would not affect him unless he held the pesos long term. I suppose the question is do Argentinan laws apply to him as a non citizen, and if he mined/acquired his bitcoins in 2011 for dirt cheap as mentioned, isn't he making a tidy profit regardless?

....and then there's the obvious reality of an early bitcoin adopter expressing his admiration for Argentina, and the people there, probably going on a kick ass vacation for next to nothing, aquiring local currency, ditching the banks, and potentially helping a local citizen there all at the same time...

The properties of gold with greater convenience, and portability, of fiat all bundled up into an unbreakable package that less than .5% of the world is currently using, and will be used by not only adults, but children as well, and on top of that you can actually make some using your computer. Following current trends, I see massive upside on the horizon.

[Twisted Titan]

Self interest trumps all

That dude isnt thier out the kindness of his heart......its lucrative venture.

He has means to flip those peos into something else with greater value.


If degio was smart he would find a way to bypass them both.

He is just ONE presidential decree away from being the exact same jam with the bit coins

actually worse

At least you can wipe your backside with pesos

[joboo]

Self interest trumps all

That dude isnt thier out the kindness of his heart......its lucrative venture.

He has means to flip those peos into something else with greater value.


If degio was smart he would find a way to bypass them both.

He is just ONE presidential decree away from being the exact same jam with the bit coins

actually worse

At least you can wipe your backside with pesos

He just potentially saved one Argentinians life actually, almost certainly got him out of the 25% he is going to lose on that money guaranteed anyways. It's not the same if both parties experience a symbiotic relationship.

They will have to turn the Internet off to stop decentralized currencies, not gonna happen.

What your advising diego to do is probably very much illegal in that country, or everyone would already being doing it.

[Horn]

They will have to turn the Internet off to stop decentralized currencies, not gonna happen.

Obama signs order outlining emergency Internet control
http://news.cnet.com/8301-1023_3-57469950-93/obama-signs-order-outlining-emergency-internet-control/

I think joboo is from Egypt.

[Twisted Titan]

What your advising diego to do is probably very much illegal in that country, or everyone would already being doing it.


Thieves at the level of The State and above are very good at blocking all the routes of escape with Litigation and Laws


Once you figure out your dealing with Thief your a fool if you follow thier instructions about what to do with your money

[Twisted Titan]

What your advising diego to do is probably very much illegal in that country, or everyone would already being doing it.


Thieves at the level of The State and above are very good at blocking all the routes of escape with Litigation and Laws


Once you figure out your dealing with Thief your a fool if you follow thier instructions about what to do with your money

[joboo]

What your advising diego to do is probably very much illegal in that country, or everyone would already being doing it.


Thieves at the level of The State and above are very good at blocking all the routes of escape with Litigation and Laws


Once you figure out your dealing with Thief your a fool if you follow thier instructions about what to do with your money

Well look at bit torrent, and all the litigation that is going on there, and how effective that has been. You're saying at least he can wipe his backside with it, but with what? If he holds onto the peso at a 25% depreciation rate, he's eventually wiping with thin air. Now his money is free from that scenario, and it can travel freely to anywhere in the world without restriction. They will have to turn off the Internet everywhere in the world, and with encryption, nobody can ever know what that money is, or where, or whom it belongs to.

[joboo]

Obama signs order outlining emergency Internet control


http://news.cnet.com/8301-1023_3-57469950-93/obama-signs-order-outlining-emergency-internet-control/

I think joboo is from Egypt.

You think Obama is going to turn off the Internet all over the world? No more email, websites, online banking, fax machine transmissions, Global business game over, everyone back to pencils....not gonna happen. A large part of it is you have to understand the technology above, and beyond the average. Not many people do, and especially in this scenario.

[Horn]

A large part of it is you have to understand the technology above, and beyond the average. Not many people do, and especially in this scenario.

You have to understand that Ted Turner provides you internet.

An internet intermission of only a day or two in the U.S. could sink Bitcoin to depths it may not ever return from.

I understand the technology perfectly well, as I'm sure there are admin. aides that do also.

Virtually mined currency is nothing more than a hardware manufacturer's conspiracy & pyramid scheme..

[joboo]

You have to understand that Ted Turner provides you internet.

An internet intermission of only a day or two in the U.S. could sink Bitcoin to depths it may not ever return from.

I understand the technology perfectly well, as I'm sure there are admin. aides that do also.

Virtually mined currency is nothing more than a hardware manufacturer's conspiracy & pyramid scheme..

Ted turner, and all the people like him, are kidding themselves if they think they can shut down businesses, and global commerce full stop, and not instantanously commit suicide. What then? ban telephones, ban the postal service, Ban cd's, all memory storage devices, and all wireless communication? Perhaps you are grossly underestimating the power of many v.s the few. Many people ask what does it take to get the sheeple off the couch...well this is it. It's happening right now. You say you understand it but I don't think you do on how it will play out in real life.

[Horn]

Many people ask what does it take to get the sheeple off the couch...well this is it. It's happening right now. You say you understand it but I don't think you do on how it will play out in real life.


http://www.youtube.com/watch?v=1gJ5J1nn2Qw

[joboo]

A currency comes out with very similar characteristics to gold, and in some aspects a lot better, and you guys are rushing to condemn it, based on the big alex jones style "what if".

You sure you guys know what side you're on?...I can't tell anymore.

A new currency that has to get beaten down...ok, bring it....beat it down, play those cards. Perfect. Watch, and see the result of what happens when the sheeples smell that wind blowing across the couch. it ain't gonna smell like anything Matt groening puts out.

Apparently some diidn't catch the back, and forths, and legal wrangling posted for all to see on TPB. Quite the comedy show indeed.

Tpb seems to be doing just fine, man...all those big j power lawyers, and illuminati cohorts, got told to go stuff themselves over, and over again, and it's still up.....how is it possible I wonder...

But then again they'll just turn off the Internet for...how long again? Oops no more wallstreet trading on the Internet, all business, and commerce grinds to a dead stop, over what again?...and why...aw shucks....back to the couch....save us Matt. Rofl...

[Horn]

A currency comes out with very similar characteristics to gold, and in some aspects a lot better, and you guys are rushing to condemn it, based on the big alex jones style "what if".

You sure you guys know what side you're on?...I can't tell anymore.

What exactly are the similarities between Gold and Bitcoin, joboo?

I see 0

Don't say its a store of value, because it just lost more than half its value in ten hours.

[reststop]

Ted turner, and all the people like him, are kidding themselves if they think they can shut down businesses, and global commerce full stop, and not instantanously commit suicide. What then? ban telephones, ban the postal service, Ban cd's, all memory storage devices, and all wireless communication? Perhaps you are grossly underestimating the power of many v.s the few. Many people ask what does it take to get the sheeple off the couch...well this is it. It's happening right now. You say you understand it but I don't think you do on how it will play out in real life.


I used to be optimistic about things like this too. I like the idea of bitcoins although I wished I could understand it better. However I have come to the conclusion that if those in control want to control something , they will. I doubt they can shut down the internet but it can be controlled/regulated far more than it is now. I kinda compare this to marijuana/hemp regulation. Who would have thought that a plant that anyone can grow could be stopped. Silly me, they just make a law that law abiding people wont break and poof, few grow it. Now before you say its being grown everywhere and is readily available, I would contend that if it werent for the possible punishment for breaking said laws it really would be in every field, backyard and window sill. Could this kind of regulation happen to bitcoin users, miners, traders? Why not? Just a few pieces of legislation that we in the underclass have little say about. Not trying to be cynical but a little realistic.


rest

[joboo]

What exactly are the similarities between Gold and Bitcoin, joboo?

I see 0

Well I guess that depends on why one would buy gold in the first place. They can confiscate gold, but how does one confiscate something that ultimately can't be identified if desired, and can magically transport itself anywhere in the world for the low low price of few calories of energy expenditure, and a minor pittance, in fractions of a second? Hard drive crash, or forgotten password, will become the new boating accident.

In Argentina it would seem to be a method of escaping run away inflation. On one hand you have a road that leads your peso's down a guaranteed conveyor belt into a fiery furnace, while another path has the potential to not only avoid that, but perhaps do the exact opposite with an upside. One has no options, the other has at least some options. Can't buy gold there, it might get confiscated anyways....tired of that game, and want to leave? Guess what...it stays in the country.

Saw the same situation in South Africa, many had to walk away, and leave the farm behind, except for whatever they could carry out in diamonds. Metal detectors...bummer... Again why one would buy gold is a question each person needs to ask themselves. Another basket to put eggs in was never a bad thing from my understanding. If one does not see any similarities play out in that equation, who am I to argue that?

[joboo]

I used to be optimistic about things like this too. I like the idea of bitcoins although I wished I could understand it better. However I have come to the conclusion that if those in control want to control something , they will. I doubt they can shut down the internet but it can be controlled/regulated far more than it is now. I kinda compare this to marijuana/hemp regulation. Who would have thought that a plant that anyone can grow could be stopped. Silly me, they just make a law that law abiding people wont break and poof, few grow it. Now before you say its being grown everywhere and is readily available, I would contend that if it werent for the possible punishment for breaking said laws it really would be in every field, backyard and window sill. Could this kind of regulation happen to bitcoin users, miners, traders? Why not? Just a few pieces of legislation that we in the underclass have little say about. Not trying to be cynical but a little realistic.


rest


I'm with ya on that, but the one characteristic that sets it apart, is it's all wrapped up in an unbreakable encryption package that can have additional encryption methods added on top. If you could click a mouse button, and turn hemp into something the human mind or technology could never recognize as hemp etc... That's the kicker. If the object itself ultimately can't be identified for what it is....hmm.

There would have to be laws of zero privacy on the Internet, and a ban on using encrytption for all non designated "special privilege people's" which would make the Internet ridiculously unstable and insecure. If would be a free for all of mayhem, and identity theft for criminals, as they never follow laws anyways.

There's a point where something ultimately cannot be eradicated without killing the host in the process.

[vacuum]

Bitcoin: contributing to a more peaceful world.


https://www.youtube.com/watch?v=JW42PeZVzJc

[Horn]

Bitcoin: contributing to a more peaceful world.


http://www.youtube.com/watch?v=ctNAs1K7nbo

[joboo]

Buy in @ $5 silver, then hope bunch of latecomers jump on at higher prices, and drive it up to $100+, then sell off a bunch, and covert it to a house, land etc... before the inevitable crash hopefully. All the excited faces when the prices were rising...to the moon, and beyond!

Gosh darnit those bitcoin ponzi schemes...always punishing the latecomers.

I get the overwhelming feeling the digital one word currency conspiracy is the predominant underpinning going on with some of the thought processes.