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LOL and touche' countryfree! I think you have that about right.
But, I think that Greece adopting Bitcoin is just an academic-only topic: ain't gonna happen.
If anything, it would not surprise me if the neo-Marxists there to eventually crack down on Bitcoin, no revenue for the state, etc... Bolivia, Ecuador and Venezuela seem to show the future of a "free currency" in distressed (Marxist) countries.
Topic: Greece could become crypto-land with a crowdsourced bailout. (Read 3025 times)
Did anyone post this yet?
http://www.theguardian.com/commentisfree/2015/feb/22/can-a-parallel-digital-currency-solve-the-greek-financial-crisis
I havent seen in posted around here.
http://www.theguardian.com/commentisfree/2015/feb/22/can-a-parallel-digital-currency-solve-the-greek-financial-crisis
I havent seen in posted around here.
That's plan B. if the Greeks fail to get new financing from the European Central Bank, they will come to this forum, asking everyone to lend them a few BTC. They'll pay back after they will have paid back both the ECB and the IMF, in about 350 years.
Did anyone post this yet?
http://www.theguardian.com/commentisfree/2015/feb/22/can-a-parallel-digital-currency-solve-the-greek-financial-crisis
I havent seen in posted around here.
http://www.theguardian.com/commentisfree/2015/feb/22/can-a-parallel-digital-currency-solve-the-greek-financial-crisis
I havent seen in posted around here.
They could also issue their own national e-currency while keeping the euro. Something similar to Ecuador maybe.
let's hope they don't issue greece-coin, one of the big scam along with many other country coin
It is too dangerous for a state to adopt crypto at the moment. When Bitstamp goes down, it is annoying for a few days, but life goes on. If Greece got hacked, then the entire country would grind to a stop! Some serious firewalls would be needed in advance, as well as simplifying the process for less high tech people.
I have a little doubt at the success of such crowdsourced bailout. The Greece is facing difficulies for many years, whose problem is in the internal and complex economic infrastructure. It is always needing bailout since then, but it will never resolve its problems. Most of us know that it has no potential at all.
PArt of the problem with dead global economy is that it was a designed and ultimately a farce, creating things people don't need. The global economy needs to really fuck over a lot of people until real things are produced by a people with pure unfettered freedom… Don't think everything is great in USA either, it starts in Greece works its way through europe eventually arriving on our shores within 2 years… Central banks are going to lose the faith of people of the first worlds.
Just imagine if they would adopt bitcoin as their national currency this moment; there would be so many theft and scams its beyond scale.
Bitcoin is not ready yet, or to put it more correctly; the laws and regulations surrounding bitcoin are not established.
Dont dream thet anyone is going to adopt bitcoin as a solo alternative, some of them may invest, but thats that.
cheers
I have a little doubt at the success of such crowdsourced bailout. The Greece is facing difficulies for many years, whose problem is in the internal and complex economic infrastructure. It is always needing bailout since then, but it will never resolve its problems. Most of us know that it has no potential at all.
PArt of the problem with dead global economy is that it was a designed and ultimately a farce, creating things people don't need. The global economy needs to really fuck over a lot of people until real things are produced by a people with pure unfettered freedom… Don't think everything is great in USA either, it starts in Greece works its way through europe eventually arriving on our shores within 2 years… Central banks are going to lose the faith of people of the first worlds.
I have a little doubt at the success of such crowdsourced bailout. The Greece is facing difficulies for many years, whose problem is in the internal and complex economic infrastructure. It is always needing bailout since then, but it will never resolve its problems. Most of us know that it has no potential at all.
PArt of the problem with dead global economy is that it was a designed and ultimately a farce, creating things people don't need. The global economy needs to really fuck over a lot of people until real things are produced by a people with pure unfettered freedom… Don't think everything is great in USA either, it starts in Greece works its way through europe eventually arriving on our shores within 2 years… Central banks are going to lose the faith of people of the first worlds.
People is clueless about cryptocurrencies, so how's that gonna happen?
And there is this that could help Greece for crowdsourced bitcoins: http://bravenewcoin.com/news/lighthouse-tackles-decentralized-crowdfunding/
I'm really excited for lighthouse and what they may accomplish for bitcoin and for those in need.
I'm really excited for lighthouse and what they may accomplish for bitcoin and for those in need.
I have a little doubt at the success of such crowdsourced bailout. The Greece is facing difficulies for many years, whose problem is in the internal and complex economic infrastructure. It is always needing bailout since then, but it will never resolve its problems. Most of us know that it has no potential at all.
We need a small country, with a stable monetary/fiscal policy, where Bitcoin can gradually replace the fiat currency.
Greece is the last country where something like this should be tried.
Greece is the last country where something like this should be tried.
If Greek leaders would point out the nature of fiat money scam, that will trigger a world wide level of events, however I don't think they have enough knowledge about money creation (judging from their speak, they still think fiat money is something hard earned and valuable)
Great thread, great idea! Keep them flowin'!
Grece has huge crypto potential now that you make me think about it!
Grece has huge crypto potential now that you make me think about it!
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bigkahuna
Yes, of course, nothing is impossible. But, I like to think in a probabilities, to me seems improbable that Greece would become a money or data haven.
If Russia wanted to become any kind of haven, NO ONE could stop them!
But, many big-money Russians have been taking THEIR money out for many years. Beyond this, I am not really competent to comment, other than Russian culture (love of big .gov among their people) seems to be hostile to personal liberty and people hiding their money.
I saw at reddit that Russia has recently been cracking-down on BTC sites...
I would not trust my money in either Russia or Greece.
But that is based on my beliefs and experience, limited as my experience is.
bigkahuna
Yes, of course, nothing is impossible. But, I like to think in a probabilities, to me seems improbable that Greece would become a money or data haven.
If Russia wanted to become any kind of haven, NO ONE could stop them!
But, many big-money Russians have been taking THEIR money out for many years. Beyond this, I am not really competent to comment, other than Russian culture (love of big .gov among their people) seems to be hostile to personal liberty and people hiding their money. I saw at reddit that Russia has recently been cracking-down on BTC sites...
I would not trust my money in either Russia or Greece.
But that is based on my beliefs and experience, limited as my experience is.
OROBTC
I understand your point, However, it does not make my idea impossible.
Tell me though, who could stop Russia from becoming an off-shore haven?
I have used Russian banks for years and I trust then. So do millions of others with big money.
I understand your point, However, it does not make my idea impossible.
Tell me though, who could stop Russia from becoming an off-shore haven?
I have used Russian banks for years and I trust then. So do millions of others with big money.
goes to show how powerful the bankers are
taxes are insanely high everywhere, and all places you could possibly flee to to void paying ridiculous taxes are pretty much gone.
income taxes up to over 50%, VAT of 21%, not even counting excise and ecology taxes.
not to mention import and export taxes.
taxes are insanely high everywhere, and all places you could possibly flee to to void paying ridiculous taxes are pretty much gone.
income taxes up to over 50%, VAT of 21%, not even counting excise and ecology taxes.
not to mention import and export taxes.
...
@ zezt
Yes, there would be tremendous riches for any small country to become a free-zone for money, cryptocurrency, secret banking, secure & private data storage, etc. A nice read is a novel by Neal Stephenson called Cryptonomicon, about a small island trying to become the world's secure (and offering secrecy) data haven.
But, I can think of at least two problems with such a free-zone being Greece:
1) As pointed out by others above, Greek governments are extremely meddlesome and corrupt. At this point, who would ever trust Greece to competently, honestly and secretly to look after YOUR funds? Ahh, not me!
2) Such a free-zone would encounter MASSIVE resistance from other countries. Most of the EU was mad at Ireland some years ago for having a low corporate income tax rate. RUSSIA would not likely be good partner for Greece in this, the Russians have lately cracked-down on some BTC websites there. Were Greece to try something like this, the EU and the USA would almost surely retaliate, and put the squeeze on them just as both the EU and USA did to the various "tax havens" now almost completely dead.
@ zezt
Yes, there would be tremendous riches for any small country to become a free-zone for money, cryptocurrency, secret banking, secure & private data storage, etc. A nice read is a novel by Neal Stephenson called Cryptonomicon, about a small island trying to become the world's secure (and offering secrecy) data haven.
But, I can think of at least two problems with such a free-zone being Greece:
1) As pointed out by others above, Greek governments are extremely meddlesome and corrupt. At this point, who would ever trust Greece to competently, honestly and secretly to look after YOUR funds? Ahh, not me!
2) Such a free-zone would encounter MASSIVE resistance from other countries. Most of the EU was mad at Ireland some years ago for having a low corporate income tax rate. RUSSIA would not likely be good partner for Greece in this, the Russians have lately cracked-down on some BTC websites there. Were Greece to try something like this, the EU and the USA would almost surely retaliate, and put the squeeze on them just as both the EU and USA did to the various "tax havens" now almost completely dead.
If Greece really wanted to make some money, they could turn their country into an off-shore banking zone.
They would make Billions! If Europe doesn't like, the Russian can tell Europe to go piss up a rope!
They would make Billions! If Europe doesn't like, the Russian can tell Europe to go piss up a rope!
Crowdsourcing for Greece?
I'd rather grab a lighter and burn my cash than give it to that corrupt, dirty and inefficient country. The Greeks fully deserve the mess they're in. Lending them money is like throwing it through the window.
I'd rather grab a lighter and burn my cash than give it to that corrupt, dirty and inefficient country. The Greeks fully deserve the mess they're in. Lending them money is like throwing it through the window.
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