Akka



Offline



Activity: 1204

Merit: 1001









LegendaryActivity: 1204Merit: 1001 2012-10-20 wallstreet-online.de -Hyperinflation pushes Iranians in Bitcoin - Ger October 20, 2012, 01:13:04 PM #1



Quote



Tehran / Hamburg (pte004/20.10.2012/06: 15) - More and more Iranians are investing their money in online currency, as inflation is very high in the country. The Iranian government has websites for online currency exchange, as Mesghal.com or Mazanex.com are prohibited. Some airlines have reduced joining to Tehran due to the unstable Iranian Rial currency. Also, the large transport company Maersk had to stop shipping to all Iranian ports. Bitcoins have been part of the U.S. The Iranians also denied.



Not a good investment



Iranian citizens 20 months has been the use of Bitcoins, when they can convert their real money in digital money and what they may to some extent protects against inflation, prohibited. This embargo was not from Iran, but from the U.S. U.S. WWII SourceForge.net, the host of Bitcoin.



"I think that the citizens while prohibiting the use of Bitcoins, but it can not prevent the long run," said the Hamburg IT security expert Linus Neumann



Countries excluded on sanctions list



Bitcoin approved countries that are on the sanctions list of the network, can not access its contents. On this list, Iran can be found. This particular list is related to the transfer and export of certain technology to foreign persons and governments. Some experts suggest to bypass the download using alternative methods, such as virtual private networks.



(End) Hyperinflation pushes Iranians in Bitcoin InvestmentTehran / Hamburg (pte004/20.10.2012/06: 15) - More and more Iranians are investing their money in online currency, as inflation is very high in the country. The Iranian government has websites for online currency exchange, as Mesghal.com or Mazanex.com are prohibited. Some airlines have reduced joining to Tehran due to the unstable Iranian Rial currency. Also, the large transport company Maersk had to stop shipping to all Iranian ports. Bitcoins have been part of the U.S. The Iranians also denied.Not a good investmentIranian citizens 20 months has been the use of Bitcoins, when they can convert their real money in digital money and what they may to some extent protects against inflation, prohibited. This embargo was not from Iran, but from the U.S. U.S. WWII SourceForge.net, the host of Bitcoin."I think that the citizens while prohibiting the use of Bitcoins, but it can not prevent the long run," said the Hamburg IT security expert Linus Neumann http://linus-neumann.de against pressetext. However, he would advise anyone that you allocate your money in Bitcoin, to begin to protect against inflation. Because the money was subject to strong digital speculation and is a very unsafe investment. "People should invest their money in other areas," said Neumann.Countries excluded on sanctions listBitcoin approved countries that are on the sanctions list of the network, can not access its contents. On this list, Iran can be found. This particular list is related to the transfer and export of certain technology to foreign persons and governments. Some experts suggest to bypass the download using alternative methods, such as virtual private networks.(End)

They seem to have fully understood how Bitcoin works



Source (Google translated):



Original (German) : Original article is in german, everything is Google translated. If something is clearly not understandable, don't hesitate to ask and I will translate is manually:They seem to have fully understood how Bitcoin worksSource (Google translated): http://translate.google.de/translate?sl=auto&tl=en&js=n&prev=_t&hl=de&ie=UTF-8&layout=2&eotf=1&u=http%3A%2F%2Fwww.wallstreet-online.de%2Fnachricht%2F5027101-hyperinflation-treibt-iraner-bitcoin-investment&act=url Original (German) : http://www.wallstreet-online.de/nachricht/5027101-hyperinflation-treibt-iraner-bitcoin-investment All previous versions of currency will no longer be supported as of this update