- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: what financial assets can be bought in argentina with pesos and sold in the US?
Posted on 12/11/12 at 5:44 am to foshizzle
Posted on 12/11/12 at 5:44 am to foshizzle
you can transmit and/or exchange nonvirtual currencies anonymously, over the internet, in countries engaged in financial repression?
for example, if eventually (and i'm sure someone will figure out a way to do it) people set an exchange on a website that allows people to instantly or near instantly convert from pesos to BTC to USD, governments will find it nearly impossible to exert as much control over both the supply of foreign currencies available domestically, and the demand for their own currency.
Plus such transactions can take place regardless of the relative price of bitcoin - it does matter if it's .0000287 BTC/USD or 1000 BTC/USD, it's only serving as a vehicle. Also because BTC is being bought but then the same quantity immediately sold, the demand for it would be pretty unaffected.
for example, if eventually (and i'm sure someone will figure out a way to do it) people set an exchange on a website that allows people to instantly or near instantly convert from pesos to BTC to USD, governments will find it nearly impossible to exert as much control over both the supply of foreign currencies available domestically, and the demand for their own currency.
Plus such transactions can take place regardless of the relative price of bitcoin - it does matter if it's .0000287 BTC/USD or 1000 BTC/USD, it's only serving as a vehicle. Also because BTC is being bought but then the same quantity immediately sold, the demand for it would be pretty unaffected.
This post was edited on 12/11/12 at 5:56 am
Posted on 12/11/12 at 9:52 am to el duderino III
I'm in web development... keep talking...
Popular
Back to top
Follow TigerDroppings for LSU Football News