Can bitcoin really save Greece? - page 4.

Borisz

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Quote from: Amph on July 16, 2015, 02:55:18 AM

Quote from: pigzone on July 15, 2015, 04:23:21 PM

They can use their money to buy bitcoin which will save them

if their bank now removed the lock on the 60 euro they can, in the case the same thing will repeat, but they have now the money from the central bank, so i don't think they will care about bitcoin anymore

if they still have their 60 euro limit, they can buy some if they are not in big trouble and don't have family or whatsoever

Wasn't the 60€ limit only for cash withdrawals? Transfer within the country was supposedly OK with international transfers denied.

If they remain in the Euro zone, they won't bother with Bitcoin. Until thy use the same currency as the rest of the EU and they have cash, they should be OK.

Amph

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Quote from: pigzone on July 15, 2015, 04:23:21 PM

They can use their money to buy bitcoin which will save them

if their bank now removed the lock on the 60 euro they can, in the case the same thing will repeat, but they have now the money from the central bank, so i don't think they will care about bitcoin anymore

if they still have their 60 euro limit, they can buy some if they are not in big trouble and don't have family or whatsoever

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Quote from: pigzone on July 15, 2015, 04:23:21 PM

They can use their money to buy bitcoin which will save them

Not sure if they have lot of money left but if they more and more going to support BTC the acceptance will raise and may better option for them as €.

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They can use their money to buy bitcoin which will save them

Falconer

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Quote from: Miracal on July 14, 2015, 01:51:55 AM

The blame game, lawlessness, perception, corruption, unproductive work, lying, dead entities, injustice, Tax evaders, overspending and ZELEVOUNAI are all reasons why Greece, one of the best countries in history is no more a real country.

How can the country where the famous philosophers was born and democracy principal began, lost its morality and did bad things like corruption etc. We hope the Greeks can struggle in this condition.

Quote from: Miracal on July 14, 2015, 01:51:55 AM

Bitcoins can only be used as an alternative for obvious financial restrictions for Greece. Even paypal also had to step back from dealing with Greece. As long as bitcoin is not banned in Greece, it could be helpful but not too much.

Atleast they can saving their money into bitcoin instead of saving it in bank, which they have full control on their money

Quote from: Miracal on July 14, 2015, 01:51:55 AM

The best option can never be leaving a country, if such an event is to happen, other countries will automatically disallow Greeks to travel to other countries, the population is as big as 11 million. Leaving a troubled country is never an option. High taxes must be paid in order to repay the debt, otherwise the country which is dangling on the edge will completely collapse.

It will be harder for Greeks to pay high tax since the price of almost everything become more expensive like food and petrol, and thousands Greek lost their jobs.

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Quote from: greBit on July 13, 2015, 11:04:34 PM

Quote from: scarsbergholden on July 13, 2015, 01:39:33 PM

So i have an idea in how we could help Greece, what if we put all the Greece bail out payouts in the blockchain, is most likely we could help out save the bad government spending by using the blockchain for something that the greece people will always have access to.

I think the Greece government don't want to get involved with bitcoin, they've made it evidently clear. Also, Eurozone is in charge of where the bail out payouts go, why would they permit such a thing? Regardless of Greece people having access or not, they don't really believe it. If they did by now, we would see major amount of people getting onto bitcoin.

Quote from: CPNpr on July 13, 2015, 10:34:07 PM

No it can. Everything just goes into corrupt politicians pocket. One is going another corrupt is coming.

There's more to to the Greece fault than corruption. And more than the politicians, I think it was more about the mistakes by the banks.

Yes I agree and not saying the banks are not corrupt. Just pity for the country, so nice and the people are so friendly. Always it hits the poor to get poorer. What a shame.

Miracal

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Quote from: Falconer on July 14, 2015, 01:25:46 AM

I think the most mistakes was made by the government, which they spent too much money when were running the country. The main cause was corruption

The blame game, lawlessness, perception, corruption, unproductive work, lying, dead entities, injustice, Tax evaders, overspending and ZELEVOUNAI are all reasons why Greece, one of the best countries in history is no more a real country.

Quote from: Falconer on July 14, 2015, 01:25:46 AM

I'm sure bitcoin can save Greeks, not Greece, because Greece is run by the corrupt government.

Bitcoins can only be used as an alternative for obvious financial restrictions for Greece. Even paypal also had to step back from dealing with Greece. As long as bitcoin is not banned in Greece, it could be helpful but not too much.

Quote from: Falconer on July 14, 2015, 01:25:46 AM

The better ways for Greeks is, don't live in Greece anymore, where the government there will always take high tax from them.

The best option can never be leaving a country, if such an event is to happen, other countries will automatically disallow Greeks to travel to other countries, the population is as big as 11 million. Leaving a troubled country is never an option. High taxes must be paid in order to repay the debt, otherwise the country which is dangling on the edge will completely collapse.

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Quote from: greBit on July 13, 2015, 11:04:34 PM

There's more to to the Greece fault than corruption. And more than the politicians, I think it was more about the mistakes by the banks.

I think the most mistakes was made by the government, which they spent too much money when were running the country. The main cause was corruption http://www.theguardian.com/world/2014/dec/03/greece-corruption-alive-and-well

I'm sure bitcoin can save Greeks, not Greece, because Greece is run by the corrupt government. The better ways for Greeks is, don't live in Greece anymore, where the government there will always take high tax from them.

greBit

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Quote from: scarsbergholden on July 13, 2015, 01:39:33 PM

So i have an idea in how we could help Greece, what if we put all the Greece bail out payouts in the blockchain, is most likely we could help out save the bad government spending by using the blockchain for something that the greece people will always have access to.

I think the Greece government don't want to get involved with bitcoin, they've made it evidently clear. Also, Eurozone is in charge of where the bail out payouts go, why would they permit such a thing? Regardless of Greece people having access or not, they don't really believe it. If they did by now, we would see major amount of people getting onto bitcoin.

Quote from: CPNpr on July 13, 2015, 10:34:07 PM

No it can. Everything just goes into corrupt politicians pocket. One is going another corrupt is coming.

There's more to to the Greece fault than corruption. And more than the politicians, I think it was more about the mistakes by the banks.

CPNpr

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No it can. Everything just goes into corrupt politicians pocket. One is going another corrupt is coming.

scarsbergholden

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So i have an idea in how we could help Greece, what if we put all the Greece bail out payouts in the blockchain, is most likely we could help out save the bad government spending by using the blockchain for something that the greece people will always have access to.

Miracal

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Quote from: Zorrocoin on July 13, 2015, 11:03:29 AM

Quote from: HarHarHar9965 on July 12, 2015, 03:37:00 AM

Quote from: qiwoman2 on July 12, 2015, 02:25:24 AM

Already since the Greek Crisis reached it's Zenith we see a rise in Bitcoin price and other digital currencies. Greeks also have their own digital currency Hellas Coin so as more and more people trust less in Fiat there will be more and more savers coming in hoarding BTC..I am sure of it, especially among the younger more tech savvy generation.

Bitcoin is not a currency for a government; it is a global currency for the people. People will generally prefer a currency that goes up in value over time (which is called a deflationary currency, like bitcoin) over one that loses value over time (like all country currencies, which are called inflationary). How much ever people would love bitcoin, right now it is a flawed currency, unfit for Greece.

That is precise. Bitcoin is a very flawed currency right now and cannot be used by Greece in such a crisis. And people do prefer currency that ascends in value . Right now, Bitcoin is not enough for the compensation of the Greece crisis. Maybe in a few years , bitcoin could bee helpful , but not right now.

Its not that flawed, its just unfit at the moment because of its volatile nature. And even if bitcoin and Greece could have had a happy ending, it wouldn't end so happy for Greece. Their whole debt happened because of mismanagement and also because they could not really afford euro. They don't afford enough to buy btc in reserve

Zorrocoin

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Quote from: HarHarHar9965 on July 12, 2015, 03:37:00 AM

Quote from: qiwoman2 on July 12, 2015, 02:25:24 AM

Already since the Greek Crisis reached it's Zenith we see a rise in Bitcoin price and other digital currencies. Greeks also have their own digital currency Hellas Coin so as more and more people trust less in Fiat there will be more and more savers coming in hoarding BTC..I am sure of it, especially among the younger more tech savvy generation.

Bitcoin is not a currency for a government; it is a global currency for the people. People will generally prefer a currency that goes up in value over time (which is called a deflationary currency, like bitcoin) over one that loses value over time (like all country currencies, which are called inflationary). How much ever people would love bitcoin, right now it is a flawed currency, unfit for Greece.

That is precise. Bitcoin is a very flawed currency right now and cannot be used by Greece in such a crisis. And people do prefer currency that ascends in value . Right now, Bitcoin is not enough for the compensation of the Greece crisis. Maybe in a few years , bitcoin could bee helpful , but not right now.

bornil267645

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Bitcoin was never invented to save an economy. it was only there to fill some of the gaps of the fiat currency system. Don't give bitcoin too greater value than it originally is. Otherwise the frustration will creep in.

jt byte

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Even if Greece does not decide to go full Bitcoin the fact that it is being considered validates crypto currencies and their potential

greBit

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Quote from: Miracal on July 12, 2015, 06:38:45 AM

It is a bad idea for Greece to adopt bitcoin as their national currency. Its similar to adopting gold as a national currency and giving up monetary policy. Monetary policy can improvise public finances and prosperity but also has been abused by governments that choose to print too much currency. That has resulted in inflation and destroyed lives of a lot of peeps.

The only way bitcoin can be of any assistance of positive help to Greece could be transparency. A government or even a country could become truly "transparent" by utilizing the Bitcoin Blockchain for all or some of their departments of services. Countries like Honduras are already experimenting with the blockchain for land registry.

Miracal

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It is a bad idea for Greece to adopt bitcoin as their national currency. Its similar to adopting gold as a national currency and giving up monetary policy. Monetary policy can improvise public finances and prosperity but also has been abused by governments that choose to print too much currency. That has resulted in inflation and destroyed lives of a lot of peeps.

HarHarHar9965

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Quote from: qiwoman2 on July 12, 2015, 02:25:24 AM

Already since the Greek Crisis reached it's Zenith we see a rise in Bitcoin price and other digital currencies. Greeks also have their own digital currency Hellas Coin so as more and more people trust less in Fiat there will be more and more savers coming in hoarding BTC..I am sure of it, especially among the younger more tech savvy generation.

Bitcoin is not a currency for a government; it is a global currency for the people. People will generally prefer a currency that goes up in value over time (which is called a deflationary currency, like bitcoin) over one that loses value over time (like all country currencies, which are called inflationary). How much ever people would love bitcoin, right now it is a flawed currency, unfit for Greece.

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Already since the Greek Crisis reached it's Zenith we see a rise in Bitcoin price and other digital currencies. Greeks also have their own digital currency Hellas Coin so as more and more people trust less in Fiat there will be more and more savers coming in hoarding BTC..I am sure of it, especially among the younger more tech savvy generation.

harlenadler

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Agent of Chaos

I think Bitcoin won't save Greece, but it will definitely benefit from the current predicament - as more and more people lose faith in the powers that be and the system and the banks as they are now, they will look to alternative methods to store their cash, and I think bitcoin will be much more widely adopted, and as such, the price will rise over the course of this year and into the next few years.

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