Monday, April 29, 2013

New BitCoin Documentary and Article - Argentina Explodes with BitCoin Fever Discover Why

New BitCoin Documentary and Article – Argentina Explodes with BitCoin Fever Discover Why


Argentina BitCoin Documentary Film Free Global Alternative Currency

Argentina BitCoin Documentary Film Free Global Alternative Currency


Jon Matonis, Contributor


Bitcoin’s Promise In Argentina


It is nearly impossible to detach politics from bitcoin although many try. The reason being that everything bitcoin touches has social and political ramifications that are too startling to ignore. Argentina is no exception.


The mere existence of the Bitcoin network is subversive. The politically-shrewd and often critical bitcoin seeks independent validation like a jester in the court of monetary sovereigns. Just as last month’s headlines of confiscation at Cyprus banks catapulted the nonpolitical bitcoin into the minds of ECB-wary depositors, the monetary woes of Argentina showcase the potential for a cryptocurrency that can offer safe haven from a rapidly depreciating government peso.





Filmed in Buenos Aires, three bitcoin proponents set out to produce a short film on the impact of bitcoin in Argentina. The result is a beautiful 8-minute documentary examining the promise of economic growth in the ‘free’ or ‘shadow’ economy beyond the ‘official’ crippled economy. The film’s website, BitcoinFilm.org, references this ‘free’ economy as one of the world’s largest, second only to the U.S. economy, pointing out the obvious benefits of bitcoin when compared to paper cash which is becoming difficult and risky for transactions. Bitcoin exchange TradeHill even plans to launch a local Argentinian office.


New BitCoin Documentary and Article – Argentina Explodes with BitCoin Fever Discover Why


“In Argentina I have seen how Bitcoins improve the life for the man on the street,” says film collaborator Jacob Hansen. The other partners on the project, Stefan Godskesen and Mathias Linnemann, are equally excited about sharing the story and hope of bitcoin around the world.


Unfortunately, the world is too familiar with Argentina’s governmental and monetary abuses. Staggering annual inflation of 25% influences most daily decisions with price controls and monetary exchange restrictions trying to keep the lid on an untenable situation. To add insult to injury, the Argentinian authorities have erected capital controls that prevent the average person from transferring to ‘hard’ currency or gold and from using credit cards for international purchases.


Check out more information on BitCoin Read: Canada Claims BitCoin Not Tax Exempt!


New BitCoin Documentary and Article – Argentina Explodes with BitCoin Fever Discover Why



New BitCoin Documentary and Article - Argentina Explodes with BitCoin Fever Discover Why

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