Topic: Bitcoin's Usefulness - So utterly apparent - page 3. (Read 9423 times)

I agree, Greeks are very unlikely to adopt bitcoin in any significant fashion.  However, the window is narrowing for them to be able to withdrawal their Euros in a timely fashion.  Capital controls are looking more and more likely.

Sorry guys but Greece rushing to the BTC is nothing but wet dreams of you hoarders.

The Greece can withdraw their cash and put it under their mattress. It's EUR after all. That will not devaluate tomorrow even if they turn to the XGD.
As an expert I would never ever suggest on a national news outlet to save money in BTC as what would happen would be you getting all excited about the article buying the BTC to 20$ faster than any any Greek can type bitcoin.org, Greeks would buy it to 250$ and then you would get wet feet and sell high leaving the "saved Greeks" in the rain. In order to allow new people buy bitcoin, the same amount of BTC has to be sold.

The benefit is the well defined, unchangeable supply.  Bitcoins will be created on a set schedule and this schedule will not be deviated from on a long term basis (short term there are small fluctuations in the introduction rate due to the way bitcoin transaction processing works).  With every other currency in the world, the rich and powerful get the "right" to print money and hand it to other rich and powerful people.  When this new money is introduced into the economy, it drives up prices and steals value from anyone holding the currency.  If you enjoy constantly rising prices and not being able to save cash for a rainy day without having it lose purchasing power, than enjoy your fiat.  If you'd like to see something better, helps us get Bitcoin to the point where it can be more stable and widely used.

To start with Bitcoin, you only have to trust the mathematics laid out here: http://www.bitcoin.org/bitcoin.pdf
Of course, you would also have to trust your mathematics abilities, so that's not really an option for everyone.

Thanks
banks not open on weekends - but ok solution during bank working hours

Funny that you should ask!

I see that CryptoXChange accepts cash deposit (at Westpack)
 - http://cryptoxchange.com/Funds/AustraliaBankDeposit

Though you can deposit up to $5K AUD, you wouldn't be able to buy that much in BTCs, at least not in one transaction.

The cash deposit fee is normally 0.6% but for amounts over $1K AUD, the fee is waived.

 - http://cryptoxchange.com/Funds/AustraliaBankDeposit

If you couldn't buy everything you needed at once (without overpaying) you can always send a CrytpoXChange coupon/redeemable code and let the recipient buy bitcoins with the funds.

There are other cash deposit methods in Australia as well.  SpendBitcoins.com and MrBitcoins.com though the fees are higher.

bitmint is $9.5 per bitcoin
I am not sure is 7-11 australia take cash and converts to bitcoins


my problem -I live in Australia and wanted to tranfer $3500 to someone in France urgently this weekend
and did no have enought bitcoins in my wallet. i could not find a method to topup my wallet that was quick
I have credit cards -- paypal - and can get cash out of a teller
and yes I can do a TT -- takes 3 days to clear and $25 cost or use westen union/ moneygram
is there a way of doing this with bitcoins ?

I use Intersango with no issues up to now. It usually takes 48h to process a payment to Intersango but I have no idea how much time it takes to withdraw. I'm not aware of any Greek service.

I always keep some spare bitcoins in my wallet for cases I might need them. If I wanted to send large amounts of money, I wouldn't send them all at once, so I would have the time to buy some more in the meantime. You can always get bitcoins during weekends with person-to-person trades. Though, I seem to be the only one in Greece offering bitcoins at localbitcoins.com >.<

CAREFUL WITH BITCOINS AND PAYPAL!

There's just no way possible to make it so Bitcoins can be purchased with payment in PayPal -- it is a violation of their terms of service and they actively pursue any violations.  Credit card might happen again, some day, but you'll be paying well above market rate due to chargebacks.

Some options include:

 - http://bitmint.weebly.com/buy.html

With VirWoX you can buy SLL using credit card, then trade SLL for BTC:
 - http://www.VirWoX.com

Physical Bitcoin, paid for with credit card:
 - http://memorydealers.com/catalogsearch/result/?q=bitcoin



Cash deposits through BitInstant at 7-11/WalMart/CVS/etc. in the U.S. are nearly instant.  Using BitcoinSpinner from inside a 7-11, you can have bitcoins five minutes later, before you've even left the store.

this.

in the end Bitcoins are not anymore useful than what's already available in society. that's why many people see it as simply the black market currency of the internet, where illegal things become possible. so in the end what's the benefit? a legal black market that is not really practical?

plus the community acts like a bee hive.. if you're not working with them to uplift them and their idea (Bitcoin), they will harshly ridicule you even if your opinion is based on reality and constructiveness.. not that I know how bee hives work, but I know that if you look foreign, it's considered a threat, and if you linger around not sharing the same purpose (you're not a bee), you're going to get stung eventually. so I really don't like that cult mentality I see here. it's the opposite of what leads to success in anything.

it hard to get bitcoins fast - bitcoins would be a bitmore usefull if you could buy them with credit cards / paypal

if you want to tranfer money to someone via bitcoins and it a weekend how do you do it?
bank tranfer take time
cash deposites take time(and banks are usably closed on saturday / sunday)

Just curious, what services/exchanges offer Greeks Euro to BTC? Maybe there is an access issue also, and a market opportunity?

Greek doesn't have a letter for B, the letter β always makes a V sound. So μπ is how they write B... Which is "MP" squeezed together. so it goes with byte.

Same with D. The letter Δ says "th" as in mother. To get D they say/write "NT".

Hence the joke in "My Big Fat Greek Wedding" about saying "bunt cake"(sp). The Greeks in the movie apparently can't say a hard "nt" because they always soften it out of habit to sound more like nd.

Good to hear...I couldn't phonetically translate or even figure out how to say bit...found this for kilobyte:κιλομπάιτ...I presume the word is split like this... κιλομ/πάιτ...bit I'm not not certain where the μ goes

I would think a typical Greek looking for "bitcoin" would search using Latin letters rather than searching for "μπίτκοϊν". Lived in Greece 2 years. To Greek ears the word "bitcoin" sounds very foreign and sounds like it should not be typed in Greek.

Don't ya think they'd use Greek letters to search?

Well, I'd like to see the facts you base this opinion on >.< There are lazy people....all around, in every nation! Generalization is not a good point of view. A worse point of view, is what mass media make us believe... (Apologies for the offtopic this far)

Indeed, internet use in Greece is less than 50% of the population And from those that use the internet, most of them restrain themselves in email, facebook etc.
I have told a lot of my friends about Bitcoin, some liked the idea some didn't. But the true problem IMO is that we (we=Greeks) don't trust others easily. And to start with Bitcoin you have to relay on trust.

Another thing to note, is that we can only make speculations about Bitcoin. 10 euros converted to bitcoins might be 100 euros in one year but it might as well be 1 euro. Converting most of the money to bitcoins, is not a good idea IMO.

Count me in for in person exchanges, which I think might work better (we have this face to face thing instead of via the net) than exchanges were you need to deposit money first and then buy coins.

I've already done some work localizing stuff but my time is limited (working both full time [5days a week] and part time [7 days a week]). I wish I could do more, because there are people who like new ideas, and might love Bitcoin, but unfortunately they're not that fluent in English (or don't speak at all). Currently I'm setting up a site in Greek only, just for this reason, but I bet I'll need at least one more month to bring it online with some basic information for starters.

You can't search for something you don't know it exists.

The only "protection" I see is against a huge devaluation of money if we're to leave the euro and go back to drachmas.

That is nuts, if true.

That's why a sudden surge for a decentralized digital currency towards global ubiquity would be worse than it taking a generation.

William Godwin said, “Revolutions are the produce of passion, not of sober and tranquil reason.”  

Learning the why of Bitcoin takes much longer than learning the how.  But once that is learned, going back or towards anything else becomes much more repulsive.

I don't think they want a solution to be honest. They're in a political war and quite content with that. and the rest of the world will follow suite until the government implements some sort of worldwide system. Bitcoin is about taking control of your own situation, just like America was. But sadly both are destined to die as the One World system gets setup, I feel Bitcoin and America will go away together, however the transformation will be advertised and put on people as an upgrade from both into an all inclusive "better than that" and the only people who don't want to change will be those with something called integrity.