Topic: Can Greece adopt Bitcoin? The answer is No (Read 3879 times)
Everything you suggest BItcoin avoids apart from educational level. I really don't understand this thread
it seems that Antonopoulos has already debate the new financial greek ministry about bitcoin in 13 March
http://yanisvaroufakis.eu/2014/03/13/debating-bitcoin-on-abc-late-night-live-with-phillip-adams-and-andreas-andreopoulos/
http://yanisvaroufakis.eu/2014/03/13/debating-bitcoin-on-abc-late-night-live-with-phillip-adams-and-andreas-andreopoulos/
thx alani123 great article this
Here's an article analysing the current situation in Greece:
http://newsbtc.com/2015/01/28/will-bitcoin-solution-greeces-deep-rooted-problems/
http://newsbtc.com/2015/01/28/will-bitcoin-solution-greeces-deep-rooted-problems/
SYRIZA is a rather fascist/nationalist party that is making an opportunistic power-grab, exploiting the fact that the people are angry with the status quo. It is, actually, quite likely to win the elections. It is not, however, likely to improve things there. Oh, well. At least it is not the Stalinist party or the openly fascist Golden Dawn. Yep, they have those there too. When the economy turns down, the cockroaches start crawling.
Today the media is calling SYRIZA leftist. So did you made up your mind meanwhiles? Extreme left or right, or both maybe 
With the recent political crisis in Greece and the fear of the global financial system that a far left party will be the government for the next years the situation is more than tough about Greece financial future.
Is this the real picture behind the financial situation in Greece?
Does anyone know what real happen in Greece?
And the last question is will Greece adopt bitcoin and get out from euro?
Will Greece officially adopt? Unlikely. They are held hostage in euro union.Is this the real picture behind the financial situation in Greece?
Does anyone know what real happen in Greece?
And the last question is will Greece adopt bitcoin and get out from euro?
Will some greece citizens know about Bitcoin now? Definitely YES on that.
Some might even find it usefull.
At least the existance of an unblockable electronic money transfer system will shape the form of the so called "Grexit". One cannot "isolate" a whole country from wire transfers.
Greece will get kicked/leave the European Union soon. The stockmarket is crashing hard and the risk premium is off the charts. Interesting times......
ded country
Syriza isn't liberal enough for bitcoin apparently. We'll have to deal with it. Bitcoin will probably never gain mainstream interest in Greece. And that's a sad realisation to come to especially since I'm Greek.
I think after the recent election in Greece the right person to speak about Bitcoin to the new Syriza Goverment is mr Antonopoulos. He must act now and explain the new currency revolution with Bitcoin and the opportunities thatt will bring to Greece.
Can anyone contact him here to explain the situation?
Can anyone contact him here to explain the situation?
tend to agree with op
it is quite backward country, that relies almost totally on tourism and people are avoiding now because of problems
they have an amazing history as a country, but you have to go back a LONG way
it is quite backward country, that relies almost totally on tourism and people are avoiding now because of problems
they have an amazing history as a country, but you have to go back a LONG way
Dumbest post read in this forum. Be more educated before posting nonsenses.
To the op, definitely BTC is not the ideal currency for Greece.
Greece needs to inflate its currency to get more flexible paying for its internal expenses.
This cannot be done with the Euro, since the Central European Bank prohibits printing more Euros (see Germans decisions) .
This cannot be done either with BTC, since the protocol has predetermined amount of coins to be issued/mined (which is given to the miners not to the Governments, anyway) .
Sorry but, technically, Greece needs Drachmas.
I think before Bitcoin can replace or supplement a currency, it still has alot to grow up itself. It has alot to fix on BTC's side first.
It's not Bitcoin's currency, protocol, or tech itself that caused the BitStamp problems, since it is supposed to be decentralized yet is traded on a centralized exchange like Stamp. It still is perception though, fair or not. To the average joe, Gox = BTC and Stamp = BTC. Whether it's a hack, hot wall issue, code issue, does not matter. Things like this should never ever happen to an exchange dealing with millions of dollars on a daily basis.
There's has to consensus shift away from centralizing everything, and though there are burgeoning Decentralized exchanges popping up, most of the major players(whales) are on one of Big 4: BitStamp, BTC-E, Bitfinex, and Huobi
Bitcoin can't be a currency for Greece, until it fixes it's own issues.
It's not Bitcoin's currency, protocol, or tech itself that caused the BitStamp problems, since it is supposed to be decentralized yet is traded on a centralized exchange like Stamp. It still is perception though, fair or not. To the average joe, Gox = BTC and Stamp = BTC. Whether it's a hack, hot wall issue, code issue, does not matter. Things like this should never ever happen to an exchange dealing with millions of dollars on a daily basis.
There's has to consensus shift away from centralizing everything, and though there are burgeoning Decentralized exchanges popping up, most of the major players(whales) are on one of Big 4: BitStamp, BTC-E, Bitfinex, and Huobi
Bitcoin can't be a currency for Greece, until it fixes it's own issues.
Bitcoin could help greece and financial problems but there is no way it could happen.
I find the idea of "adopting Bitcoin as a state-currency" highly interesting, but I fail to see how this exactly would be done. Would you buy a large amount of BTC and distribute them to the citizens? Would you switch over every transaction to be done in BTC. What would be the best way to do this in order to profit from an appreciation of BTC's value (and it's stability in terms of an independent currency)?
What the state can do is to accept BTC as taxes, and then spend it for government expenses. It can also borrow BTC and spend it.
Buy the BTC before government adopts to profit from it.
You could have replaced the word Greece with "United States", the parties with "Democrat" and "Republican", the same types of financial elite, corrupt banks, etc..
The United States will not adopt Bitcoin either.
The people of the United States can though. The people of Greece can as well. If people are not technical enough...then they can stick to their corruption. Bitcoin allows people to leave that all behind.
The United States will not adopt Bitcoin either.
The people of the United States can though. The people of Greece can as well. If people are not technical enough...then they can stick to their corruption. Bitcoin allows people to leave that all behind.
I find the idea of "adopting Bitcoin as a state-currency" highly interesting, but I fail to see how this exactly would be done. Would you buy a large amount of BTC and distribute them to the citizens? Would you switch over every transaction to be done in BTC. What would be the best way to do this in order to profit from an appreciation of BTC's value (and it's stability in terms of an independent currency)?
First the 14 salary is a contract between employer and company to keep every month some money from employer salary to give all of them in specific time of the year like christmas . Is not a gift from state to the employers.
Yeah, right. And the union benefits that bankrupted Detroit were "voluntary" contracts between the employer and the employees too.
There is also a 14th salary in Austria, often also in german contracts. It has nothing to do with welfare. Is that really that hard to understand?
When you are in a mess you need a monetary system like fiat to bail you out. That means printing more and more of those paper money. Sometimes, even when the contingency plan is in place, it will still remain the same. That is when you know the mess you are in is just too deep to crawl out. Bitcoin is different, you can't print more of it. You can bluff your way through. Nobody can manipulate it. And that is what I like about the system.
it can and should.
if they adopt bitcoin their government will not be able to continue borrowing money with zero interest rate and will have to cut spending, allowing the free market to bring prosperity back.
if they adopt bitcoin their government will not be able to continue borrowing money with zero interest rate and will have to cut spending, allowing the free market to bring prosperity back.
Even if it is possible, this is absolutely the wrong time.
You should wait till the economy stabilizes and starts chugging forward.
The Greek is spending too much money buying weapons, mainly from Germany. Without that it could be in better financial position. However, it might not be able to fight Turkey as a result.
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