Topic: Can bitcoin really save Greece? - page 8. (Read 10440 times)
Can Greece really save bitcoin?
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It's Money 2.0| It’s gold for nerds | It's Bitcoin
It is unsure, yes, but I think that if bitcoin were to help greece, it would help both sides gain a bit of stability,
I think this is the right time for the bitcoin foundation to step in and offer more information support in Greece,
This is not a good move because the nature of BTC itself is pretty much unstable . You cant expect BTC foundation to go there and said everything is fine once you convert all your savings into BTC while in fact that putting saving in form of BTC is pretty much "unsafe" as well .
"Unsafe" pretty much is viewed from the volatility issue though because there is no denying that the moment you put your saving into BTC then you would need to endure the fact that your savings could become half of what you put in a night . Once we stood up for this volatility issue then it will be of course a different story if there is some incident like this in the future
Might be able to save some people who have known bitcoin before this crisis.
this is because it is very difficult to convert the Greek currency to bitcoin.
this is because it is very difficult to convert the Greek currency to bitcoin.
The Greeks ave Euros as well, hence for them it would have been the same for them to convert as for anyone else in the Euro zone.
I think this is the right time for the bitcoin foundation to step in and offer more information support in Greece,
educating the Greeks at this point would be crucial for a larger greek crow to take bitcoin has an investment o a way to have financial freedom.
educating the Greeks at this point would be crucial for a larger greek crow to take bitcoin has an investment o a way to have financial freedom.
I think it would just mix things up. Bitcoin is not stable enough and the foundation couldn't make a promise that it was safe and that their funds were completely safe. By safe I mean as storage of value.
I think this is the right time for the bitcoin foundation to step in and offer more information support in Greece,
educating the Greeks at this point would be crucial for a larger greek crow to take bitcoin has an investment o a way to have financial freedom.
educating the Greeks at this point would be crucial for a larger greek crow to take bitcoin has an investment o a way to have financial freedom.
Might be able to save some people who have known bitcoin before this crisis.
this is because it is very difficult to convert the Greek currency to bitcoin.
this is because it is very difficult to convert the Greek currency to bitcoin.
Bitcoins will not be able to save greece. greece has gotten into a pit from which a virtual currency cannot pull it up. bitcoins are giving the greece public a sign of hope and rescue but i don't think that alone bitcoin will be able to heal the damage caused by the failed fiat money and the overall economy. the government needs to look for solutions. the only reason that people are relying so much on bitcoins there is that they don't have many options to choose from!
There are serious capital controls implemented in Greece right now:
You can only withdraw €60 from your bank account in one day, and no overseas transfers.
That's insane!
If they'd switch to btc - then there would be no problems with protecting their savings.
I mean, blockchain can't just close and say 'oh no, we aren't working today - come tomorrow' like banks in Greece currently do.
You can only withdraw €60 from your bank account in one day, and no overseas transfers.
That's insane!
If they'd switch to btc - then there would be no problems with protecting their savings.
I mean, blockchain can't just close and say 'oh no, we aren't working today - come tomorrow' like banks in Greece currently do.
No.
naaah! Bitcoins can give them some hope but not save Greece. The fiat money has already damaged the economy so much that I dont think a virtual currency like bitcoin can save Greece from its misery. Plus, you cannot get bitcoins by doing nothing, and the problem with Greece is that people are doing nothing..
The problem with Greece is that people aren't able to do nothing. I think its time they take control in their own hands because their government has obviously screwed them over. I think there should be an economic revolt in Greece ad things should change dramatically for them, although it might take years to come for proper implementation. The change starts from within, and the change must start now.
naaah! Bitcoins can give them some hope but not save Greece. The fiat money has already damaged the economy so much that I dont think a virtual currency like bitcoin can save Greece from its misery. Plus, you cannot get bitcoins by doing nothing, and the problem with Greece is that people are doing nothing..
Bitcoin cannot save Greece, they are too deep into debt to be saved by Bitcoin. If the people could extract enough euro's from the banks, and convert it into Bitcoin, before they go back to the Drachma, they might protect the value of their money.
I'm not sure I understand you, why would they need to convert all their Euros to Bitcoin?
If you are saying that only they should change their Euros, what difference would it make for them? 1 € will be 1€ after/if the country goes completely bankrupt. So assuming they can withdraw their money (which is also needed if they want to buy Bitcoins), what difference does it make if I have 1 BTC in my wallet or 230€ cash?
If you are implying that they would be able to use Bitcoins better than Euros, then I think you have to reflect again on the scale of bitcoin in the everyday life.
Volatility is volatility. By having your money in Bitcoin you are still taking a risk, your purchasing power is volatile. This, specially for old people is off putting. It's not for us since we understand the current context of Bitcoin, the technology etc, but for a totally clueless person, I understand the reticence. We are ahead of the 99% by at least 10 years by owning BTC alone.
I wonder whats gonna happen to the Greece economy once the government start printing their local currency, how would it stack up agaisnt the euro or btc alone, will the government take the peoples euro and just swap them by force that could be pretty volatile.
I am not sure it can come to that. A government forcefully exchanging its peoples money to another currency? That would be....rude.
Regarding volatility, what do you think is more volatile, Euro or Bitcoins? Frankly, if I had to chose right now between a monetary system that has been running for centuries and one that was there for 6 years, I'd go for fiat and keep my savings in Euros. Considering the Greek crisis only, of course. A life's earnings cannot be gambled to see bitcoin whales cashing out big fat money if/when half Greece bought in.
Bitcoin has surpassed that point where it could have been saved and rescued, right after they made the default. The shit has hit the fans now.
Bitcoin cannot help Greece now, it could have helped smart ass Greeks who saw this coming and invested/transferred their money to bitcoins rather than let it get trapped in the bank and be screwed like this. Bitcoin cannot help Greece in any way now, not in a way to escape their doom.
Bitcoin cannot help Greece now, it could have helped smart ass Greeks who saw this coming and invested/transferred their money to bitcoins rather than let it get trapped in the bank and be screwed like this. Bitcoin cannot help Greece in any way now, not in a way to escape their doom.
HAHAHAHA, yes! PRECISELY! THE SHIT HAS HIT THE FANS! How the fuck can bitcoin help Greece? By helping citizens by bitcoins to keep their money with themselves? Boofuckinghoo. Their money is stuck in the banks, it can't be fucked with now. Most of the Greeks don't even know what the hell is bitcoin, they don't even care so all the fake media news saying Greeks are running to buy btc is all false marketing but yay, good for bitcoin
Its in the news 
Bitcoin cannot save Greece, they are too deep into debt to be saved by Bitcoin. If the people could extract enough euro's from the banks, and convert it into Bitcoin, before they go back to the Drachma, they might protect the value of their money.
I'm not sure I understand you, why would they need to convert all their Euros to Bitcoin?
If you are saying that only they should change their Euros, what difference would it make for them? 1 € will be 1€ after/if the country goes completely bankrupt. So assuming they can withdraw their money (which is also needed if they want to buy Bitcoins), what difference does it make if I have 1 BTC in my wallet or 230€ cash?
If you are implying that they would be able to use Bitcoins better than Euros, then I think you have to reflect again on the scale of bitcoin in the everyday life.
Volatility is volatility. By having your money in Bitcoin you are still taking a risk, your purchasing power is volatile. This, specially for old people is off putting. It's not for us since we understand the current context of Bitcoin, the technology etc, but for a totally clueless person, I understand the reticence. We are ahead of the 99% by at least 10 years by owning BTC alone.
I wonder whats gonna happen to the Greece economy once the government start printing their local currency, how would it stack up agaisnt the euro or btc alone, will the government take the peoples euro and just swap them by force that could be pretty volatile.
Bitcoin cannot save Greece, they are too deep into debt to be saved by Bitcoin. If the people could extract enough euro's from the banks, and convert it into Bitcoin, before they go back to the Drachma, they might protect the value of their money.
I'm not sure I understand you, why would they need to convert all their Euros to Bitcoin?
If you are saying that only they should change their Euros, what difference would it make for them? 1 € will be 1€ after/if the country goes completely bankrupt. So assuming they can withdraw their money (which is also needed if they want to buy Bitcoins), what difference does it make if I have 1 BTC in my wallet or 230€ cash?
If you are implying that they would be able to use Bitcoins better than Euros, then I think you have to reflect again on the scale of bitcoin in the everyday life.
Volatility is volatility. By having your money in Bitcoin you are still taking a risk, your purchasing power is volatile. This, specially for old people is off putting. It's not for us since we understand the current context of Bitcoin, the technology etc, but for a totally clueless person, I understand the reticence. We are ahead of the 99% by at least 10 years by owning BTC alone.
Probably not right now after the control that the banks have put in place. I can imagine if these were done (bitcoin as the alternative currency) much earlier, things would have been different. I can see bitcoin can benefit in a lot of ways where no one can actually exert a control to the extent of telling you what you can or cannot do with your money.
converting to bitcoin would not save greece as whole. maybe the money of some residents at most. (hiding the money from vicious eyes of government)
Greece by it self is so deep in shit i cant even imagine how they are gonna dig out of it.
Greece by it self is so deep in shit i cant even imagine how they are gonna dig out of it.
It would be epic to see the bitcoin community raise money for a Greece bailout but is way too much 1.7b euro is pretty much half of the bitcoin market cap,
i would ratter see more bitcoin education and support on Greece.
i would ratter see more bitcoin education and support on Greece.
Bitcoin has surpassed that point where it could have been saved and rescued, right after they made the default. The shit has hit the fans now.
Bitcoin cannot help Greece now, it could have helped smart ass Greeks who saw this coming and invested/transferred their money to bitcoins rather than let it get trapped in the bank and be screwed like this. Bitcoin cannot help Greece in any way now, not in a way to escape their doom.
Bitcoin cannot help Greece now, it could have helped smart ass Greeks who saw this coming and invested/transferred their money to bitcoins rather than let it get trapped in the bank and be screwed like this. Bitcoin cannot help Greece in any way now, not in a way to escape their doom.
Bitcoin cannot save Greece, they are too deep into debt to be saved by Bitcoin. If the people could extract enough euro's from the banks, and convert it into Bitcoin, before they go back to the Drachma, they might protect the value of their money.
I'm not sure I understand you, why would they need to convert all their Euros to Bitcoin?
If you are saying that only they should change their Euros, what difference would it make for them? 1 € will be 1€ after/if the country goes completely bankrupt. So assuming they can withdraw their money (which is also needed if they want to buy Bitcoins), what difference does it make if I have 1 BTC in my wallet or 230€ cash?
If you are implying that they would be able to use Bitcoins better than Euros, then I think you have to reflect again on the scale of bitcoin in the everyday life.
The only way it can help greeks are if some of them already own a big enough amount of Bitcoin to start over in another country.
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