Author Topic: Bitcoins for dummies  (Read 828 times)

My summer job employer asked me today if I wanted my pay to be in pesos or in bitcoins. I bet the answer is pretty obvious. Now, what he (and I) would like to know is trustworthy bitcoin exchanges, the precautions to be taken and, if possible, the entire bitcoin wallet concept.
Please keep this thread safe for work. I'd like to show it to him.

I've never heard of bitcoin, what is it?
Well, here come the "Wow, how do you not know ___, etc" posts

isn't pesos the currency there, like cash money? i'd rather have money in my pocket than in bitcoins

isn't pesos the currency there, like cash money? i'd rather have money in my pocket than in bitcoins
Yes, it's the cash money. Take into account that pesos (like USD) are fiat money and their value is managed by the government. To give you an idea, in the beggining of 2014, the Ars:USD rate was 5.5:1. Now, it's 16:1.

holy stuff, i'd go with bitcoin then.

Yep, which is the reason of this thread.

All posts from 3/5/15 or before are now deleted.
« Last Edit: March 05, 2015, 06:14:31 PM by Xhozer »

i don't know if you can sell bitcoins, but that's what i'd do since they're worth 226 usd, and one bitcoin is 2336 pesos. but hey, what do i know lol

There's lots of stores and restuarants in Buenos Aires accepting bitcoins. The most notable is 3D Cafe which was the first to accept bitcoin.

Why
It's more work for him to buy the bit coins to give to you
More work for you to do convert them to a currency that's accepted everywhere
Only way I'd see it as worth it is if you're getting paid more
Which I doubt since he'd have to spent time converting to bit coins

Tbh, except for the people with powerful enough hardware to run a serious mining operation, bitcoins just seem like kids trying to be cool.
That and underground, illegal purchases lol
« Last Edit: March 05, 2015, 09:25:06 AM by Headcrab Zombie »

Only legal way to obtain dollars in Argentina without going to the AFIP which has a 90% chance of denying your USD purchase.

That and underground, illegal purchases lol
Truly a horribly place. Women are abducted from a lot of 2nd and 3rd world countries like Laos, Cambodia, Vietnam, China, the Balkans, Russia, south America, etc. Many of them end up as love slaves where they end up being bought and sold on many websites like the darknet, a lot of them are young kids too.

Although stuff like this has been going on long before the bit coin existed. Most of it and still is funded by the sell of street drugs like marijuana, cocaine, meth, and all that other stuff. You have the street gangs who might deal with larger cartels to supply them, the gangs use those drug purchases might buy stolen or illegally imported weapons, that money might go toward the transportation and trading of love slaves. Pretty crazy though how one little bag of weed can fund so much.


I would rather have my money in pesos than bitcoin. God I would even rather have it in rubels.


Yes, it's the cash money. Take into account that pesos (like USD) are fiat money and their value is managed by the government. To give you an idea, in the beggining of 2014, the Ars:USD rate was 5.5:1. Now, it's 16:1.

lol bitcoins price did worse. At the start of 2014 it was about $950 USD now it's $265

Yes, it's the cash money. Take into account that pesos (like USD) are fiat money and their value is managed by the government. To give you an idea, in the beggining of 2014, the Ars:USD rate was 5.5:1. Now, it's 16:1.
bitcoins aren't any more reliable