29 Nov '15, 2am

The Bitcoin Universe Explained

I wonder, they all say "Argentina this" or "Argentina that", but Argentina what? That they'll re-sincere the exchange rate of USDARS 9 which nobody there believes in (or takes into account anyways) up to USDARS 15 (which is what everyone think balance is)? That's a no-newser if I ever saw one. After 5+ years of double digit inflation, such a jump in the value of USD means really nothing. Oh wait, Central Bank reserves depleted? Hah, they were depleted like 2 years ago when they managed to get that CNY swap. After all, calculations about depleted reserves don't take into account the swap. The CB reserves have been on fumes for some years now, now news there either. What, ZH, what? FinMin records fire news? That's from april. Most Argies are not in the banking system. Most Argies know shits about bitcoins (they stack USD notes under their matresses, because you can't even ge...

Full article: http://www.zerohedge.com/news/2015-11-28/bitcoin-universe...

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