Topic: A 100 Million dollar investment in Greece. $10/btc for each citizen. Crowdsource (Read 2856 times)

Won't do anything.

In case you get together 100 Mill. USD for this effort my advise would be:

- find 40.000 Bitcoiners who know their shit and who are prepared to throw in two weeks of their lifetime
- pay 2.000 USD for each of them taking a two weeks holiday in Greece (feasable on average for ppl from different continents)
- give an extra of 500 USD in XBT to each of them to give away (best way to introduce ppl to XBT is ask them to call up easywallet.org on their smartphone and just send them some and only then explain them how to use it, back it up and so on).

Send them there on the only condition that they try to talk to people about Bitcoin (and the whole thing about independence of money from banks and governments an yes, you can make a ZeusCoin if you so wish) at least two hours a day. When it fits. And in many cases it will fit.

If each of these guys would only spend two hours everyday to explain Bitcoin to other people and if they would only talk to two people each then that would be almost 15 minutes of Bitcoin talk to every Greek citizen (10 Mill.). But Bitcoiners tend to talk longer and to more people so your guess is as good as mine in regards to this math .

Not that I find that a brilliant idea, I just got carried away. But then it looks even more promising than to just try to throw Bitcoin tips at people in a certain country and think that's gonna change anything.

Actually I tink that throwing money of a certain kind (which they first need to understand and which was thrown at them to make them dig into it) at people in real need is quite an insult.

Your suggestion is like if Paypal went and said: "OK 10USD free on Paypal for every Greek person and from now on you deal in your Papal-bucks and the Greek financial problem will be solved and thy shal live happily ever after!".

Maybe you better go and try to find 40.000 dedicated Bitcoiners who know their shit ...

I was about to say the same. If you give it free, nobody is going to appreciate and will end up dumping in the open market for whatever currency which they think still holds some value. They are not going to appreciate it much less understand the meaning of holding bitcoin...Not unless you make them earn for it.

How many Bitcoin users visited Vancouver, after it became the unofficial Bitcoin capital of the world? The Bitcoin scene is pretty much limited. We don't have the necessary manpower or the finances.

This.

Crypto would be worse than the Euro to him - instead of being able to try to bully the other people in Europe to pay their bills and give them handouts, he'd be left trying to bully math.  The authoritarians don't like sound money because they can't "secretly" inflate its value away to enrich themselves.

Greece is already such a tourism destination for Europeans that BTC adoption would not only attract Europeans on holiday.

Agreed. Bitcoin is not a solution for corrupt politicians. The banker-politician nexus which caused the Greek meltdown should be destroyed. Else, there is no hope for Greece. 

You don't think the ultra intelligent bankers knew this before letting them in… Bankers are so honest… The only phrase they know is "I don't recall"

The Greeks so far have been unable to pay back any of the money they've borrowed, so I'm not sure it's a solution to lend or give them some more.

How about financing a war against Greece, killing all the people, looting the whole country, stealing all antiques and selling them at luxury auctions houses in Switzerland and California? At least, this should be more profitable.

The Greeks have lied, giving incorrect data to get into the Euro zone. I don't want to help liars.

100m mining farm could produce a lots of btc that could fund hi tech projects in greece

There is a large number of Greeks who need money so badly they would have no choice but to immediately dump.

And accepting bitcoin as their currency won't really solve their problem

The problem with Greece is not a currency problem, Euro is a pretty strong currency.

Most insane proposition ever, giving money won't solve anything, like fish.... fishing rod is better

How about Greeks stop borrowing money and start to work to produce something?

If they start to produce they'll be able to pay their debts.

the absolute truth. never received the money just does not benefit the economy. country must make for yourself

i don't think giving people money will ever solve any problem it never will. in this case handing people bitcoin will just cause a surge of sell in the market

It's better than nothing but it's really that.. nothing.
Most people aren't cut to be entrepreneurs so Bitcoin would only be another way to consume money and be broke quick again.
Also Varoufakis doesnt believe Bitcoin can be run as a official coin of a country.

Look, I can get where you're coming from, if for instance you had a country with no or very little deficit that could actually work in getting their attention, but the problem is the people in these countries don't WANT to fix their problems which is the reason for my position that these people who don't listen in the first place need to be left to their own devices. As bad as it might seem these are the kind of people who will only do something if they face total disaster and even then that's not necessarily going to move them any further into fixing their economic problems.

The problem with countries like Greece isn't necessarily economic, it's ideological, they insist on empire building, deficit spending and money printing even if it puts all their people in poverty, it's only when they see that their ideology has failed that they'll move onto something new. Our time is better spent on people who are more open minded and will actually look at Bitcoin instead of just simply dismissing it as if it's nothing.

People in Greece shouldn't just be handed the bitcoins. They may very well just sell their coins on an exchange leading to a huge bitcoin price dump without becoming useful to them at all.


If it were to be done Greece would first have to require that all licensed companies must first obtain bitcoin wallets. Then they would have to set national standards for what the price of staples and basic commodities would be in bitcoin, such as 1 standard loaf of bread will cost 0.005 bitcoins (no matter what the bitcoin->Euro conversion is) guaranteed by the governments backing for the next x period of time (6 months for example). Then companies could use the price of these staples to determine what the relative value of their goods should cost. IE 1 soda from a fast food joint should cost the price of 1 loaf of bread or a car would be 20,000 loafs of bread (and thus 100 bitcoins etc) and then let the market decided who's competitive and who is not.

Only then would it make sense to implement bitcoin as their national currency whether it be crowdfunded or funded by their own government.

Can we end the debt system?