Comment Greetings from Argentina (Score 5, Insightful) 294
1 - We're nowhere near desperate. We've been desperate-ish in the past... not lately.
2 - We have a high but predictable inflation... it's impossible to save in Pesos, so it stimulates spending and the economy survives.
3 - Purchase of dollars is restricted but there's a "healthy" black market that sells at a higher but well know rate (it's published in the newspapers and there are websites that inform the black market rate as well). The government counts on the existance of this black market to keep peace.
4 - Going cashless solves nothing..!!! Your cashless bank account still lists an amount of pesos and if you want to convert them to dollars the normal restrictions apply. People taking advantage of bitcoin and other schemes are simply operating in the black market... it could be bitcoin, it could be bonds or stock.