Hacker News Reader

In Argentina few people have some idea about basic finance so it would take a lot of time to change their minds. Specifically speaking about bitcoins, the fluctuation makes it crazy to use it as a currency, is currentl much more risky than the dollar.

View on HN

You say it would take a long time and under normal circumstances I agree. But if there were another "reboot the peso" event the possibility of having a real alternative to simply losing your life savings could be very interesting to people. It's amazing how fast people learn when the impact is really large. Not everyone, of course, but many. Bitcoin could easily "go viral" in Argentina the same way cat videos do here in the US.

Say you buy a bitcoin for $ 1000 one day and the next week is at $ 600. Would you prefer bitcoins or dollars?

You tell me!? The USD is being deflated like crazy & prone to collapse anytime soon [1]. While Bitcoin has seen 1000% annual increases.

[1] http://mises.ca/posts/blog/murdoch-tweets-about-money-printi...

Just imagine if the US or another country outlaws the bitcoin.

At the end I can bet you $ 5000 that the bitcoin will be marginal in Argentina in the next 5 years. Do you accept?

Define marginal, and I'll accept the dare.

Say you earn pesos for 20 years and save your money. One day, they all disappear just because. Which would you prefer?

Reply on news.ycombinator.com