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posted by CoolHand on Friday May 01 2015, @10:28PM   Printer-friendly
from the who-said-fake-money-would-never-be-worth-anything dept.

Thanks in part to Argentina's volatile financial markets, bitcoins are helping people there cut out the banks and government entirely in their financial transactions:

That afternoon, a plump 48-year-old musician was one of several customers to drop by the rented room. A German customer had paid the musician in Bitcoin for some freelance compositions, and the musician needed to turn them into dollars. Castiglione [the bitcoin moneychanger] joked about the corruption of Argentine politics as he peeled off five $100 bills, which he was trading for a little more than 1.5 Bitcoins, and gave them to his client. The musician did not hand over anything in return; before showing up, he had transferred the Bitcoins — in essence, digital tokens that exist only as entries in a digital ledger — from his Bitcoin address to Castiglione’s. Had the German client instead sent euros to a bank in Argentina, the musician would have been required to fill out a form to receive payment and, as a result of the country’s currency controls, sacrificed roughly 30 percent of his earnings to change his euros into pesos. Bitcoin makes it easier to move money the other way too. The day before, the owner of a small manufacturing company bought $20,000 worth of Bitcoin from Castiglione in order to get his money to the United States, where he needed to pay a vendor, a transaction far easier and less expensive than moving funds through Argentine banks.

Do any Solentils manage their transactions in bitcoin? What are your experiences?

 
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  • (Score: 0) by Anonymous Coward on Saturday May 02 2015, @12:29AM

    by Anonymous Coward on Saturday May 02 2015, @12:29AM (#177694)

    > You can magically read people's minds to determine their intent simply because they use a certain font?

    Maybe you like it when someone pokes you in the eye, that doesn't make it any less anti-social.

  • (Score: 0) by Anonymous Coward on Saturday May 02 2015, @01:57AM

    by Anonymous Coward on Saturday May 02 2015, @01:57AM (#177723)

    You haven't explained how you can read someone's mind. And now you're making a serious accusation over a font choice that you don't like.

    • (Score: 0) by Anonymous Coward on Saturday May 02 2015, @02:17AM

      by Anonymous Coward on Saturday May 02 2015, @02:17AM (#177730)

      > You haven't explained how you can read someone's mind.

      If you think font choice does not communicate information then you are just one of those geektards who insists on an excessively literal worldview.

      • (Score: 0) by Anonymous Coward on Saturday May 02 2015, @04:32AM

        by Anonymous Coward on Saturday May 02 2015, @04:32AM (#177765)

        Please don't use the "tard" suffix. It is very offensive and demeaning to those who suffer from mental disabilities.

        • (Score: 0) by Anonymous Coward on Saturday May 02 2015, @06:05AM

          by Anonymous Coward on Saturday May 02 2015, @06:05AM (#177780)

          Make me.

          • (Score: 0) by Anonymous Coward on Saturday May 02 2015, @08:03AM

            by Anonymous Coward on Saturday May 02 2015, @08:03AM (#177808)

            Make me.

            I think you mean "Like me."
            But that's ok, we understand.

  • (Score: 3, Touché) by maxwell demon on Saturday May 02 2015, @06:26AM

    by maxwell demon (1608) on Saturday May 02 2015, @06:26AM (#177786) Journal

    If you feel that seeing that font is like poking in your eye, you should immediately see a psychiatrist.

    Or at least configure your browser to use a different fixed-width font.

    --
    The Tao of math: The numbers you can count are not the real numbers.
    • (Score: 0) by Anonymous Coward on Saturday May 02 2015, @01:08PM

      by Anonymous Coward on Saturday May 02 2015, @01:08PM (#177852)

      It isn't the font face it's the font spacing.

      If only there were a difference between a wall of text and the typical use of monospaced fonts. There is one poster, who I haven't noticed for a while, who has garnered frequent complaints for his insistence on using monospacing. This isn't some weird aberration and if you think the poster did not intend to create discomfort, then you haven't read the words of the post. As ethanol said, it was an artistic decision.

      if, on the other hand, your sole point is to complain about the analogy, well then rah-rah-rah for your opinion.

      • (Score: 0) by Anonymous Coward on Saturday May 02 2015, @05:24PM

        by Anonymous Coward on Saturday May 02 2015, @05:24PM (#177902)

        Maybe the point was to use what he thinks is an annoying font to express how annoying he thinks Bitcoin is.

  • (Score: 0) by Anonymous Coward on Sunday May 03 2015, @01:32AM

    by Anonymous Coward on Sunday May 03 2015, @01:32AM (#177997)

    Maybe you like it when someone pokes you in the eye, that doesn't make it any less anti-social.

    You are right, it usually makes them ophthalmologists.