Author

Topic: Greece to adopt Bitcoin as currency (Read 3868 times)

legendary
Activity: 1246
Merit: 1010
April 30, 2015, 01:38:40 PM
#53
Well, what alternatives does Varoufakis have at this point? What seemed a joke to me, doesn't seem that much of a joke anymore. It's clear they are stuck in a permanent loop of negotiations that never go nowhere, so they'll either end up disappointing all the country by getting fucked by Troika, go back to drachma, or start a crypto based economy.

Either/or?  Try all 3.  Although you could argue that Greece started the fucking (by taking low interest loans they could never repay) and knew it:

http://imgur.com/rViiGrI.png (for the mythology-challenged the coin pictures the rape of Europa by Zeus... you've gotta admit, the Greeks have panache  Cheesy)
legendary
Activity: 1372
Merit: 1252
April 30, 2015, 12:08:00 PM
#52
To the question: How will a goverment aquire the bitcoins to use in a country? Well this is the whole point of bitcoin, they can't just by magic start with an amount of coins. Every coin has to be taxed to get in the hands of the government. When they tax, the public will want to know what the tax is for, thus limit the government.

This is also the answer to: Will a government adopt bitcoin as the currency of a country?


But then - in this hypothetical scenario - the whole country of Greece would be left with no money at all for the people to use. If the left the Euro, the people would have no money whatsoever. Sure, they could keep their Euros, but the government would have to introduce a "better" currency in order to get them to use that instead. I don't know if this would work with Bitcoin.

Bitcoin will not solve the problem for the greek government, no money type will - they are insolvent! They will have to default and start anew, with a smaller government. For individuals in Greece, bitcoin is useful.
Greece is on a serious dead end right now, the political movements that once were supporting Syriza are now seeing what they have on store if they follow their steps. Only if they do something incredibly risky and revolutionary they will have my respect, because the alternative is continue getting buttfucked by Merkel's Troika.
hero member
Activity: 518
Merit: 500
Trust me!
April 30, 2015, 08:16:18 AM
#51
To the question: How will a goverment aquire the bitcoins to use in a country? Well this is the whole point of bitcoin, they can't just by magic start with an amount of coins. Every coin has to be taxed to get in the hands of the government. When they tax, the public will want to know what the tax is for, thus limit the government.

This is also the answer to: Will a government adopt bitcoin as the currency of a country?


But then - in this hypothetical scenario - the whole country of Greece would be left with no money at all for the people to use. If the left the Euro, the people would have no money whatsoever. Sure, they could keep their Euros, but the government would have to introduce a "better" currency in order to get them to use that instead. I don't know if this would work with Bitcoin.

Bitcoin will not solve the problem for the greek government, no money type will - they are insolvent! They will have to default and start anew, with a smaller government. For individuals in Greece, bitcoin is useful.

I agree, I also believe that Bitcoin wouldn't solve their problems. And I was merely raising concern as to how Greece could actually adopt Bitcoin if they wanted to. And I continue to believe that they couldn't adopt it. Individuals could very well try to hedge their holdings and savings by using Bitcoin!
legendary
Activity: 1512
Merit: 1005
April 29, 2015, 09:02:38 PM
#50
To the question: How will a goverment aquire the bitcoins to use in a country? Well this is the whole point of bitcoin, they can't just by magic start with an amount of coins. Every coin has to be taxed to get in the hands of the government. When they tax, the public will want to know what the tax is for, thus limit the government.

This is also the answer to: Will a government adopt bitcoin as the currency of a country?


But then - in this hypothetical scenario - the whole country of Greece would be left with no money at all for the people to use. If the left the Euro, the people would have no money whatsoever. Sure, they could keep their Euros, but the government would have to introduce a "better" currency in order to get them to use that instead. I don't know if this would work with Bitcoin.

Bitcoin will not solve the problem for the greek government, no money type will - they are insolvent! They will have to default and start anew, with a smaller government. For individuals in Greece, bitcoin is useful.
hero member
Activity: 518
Merit: 500
Trust me!
April 29, 2015, 08:03:55 AM
#49
To the question: How will a goverment aquire the bitcoins to use in a country? Well this is the whole point of bitcoin, they can't just by magic start with an amount of coins. Every coin has to be taxed to get in the hands of the government. When they tax, the public will want to know what the tax is for, thus limit the government.

This is also the answer to: Will a government adopt bitcoin as the currency of a country?


But then - in this hypothetical scenario - the whole country of Greece would be left with no money at all for the people to use. If the left the Euro, the people would have no money whatsoever. Sure, they could keep their Euros, but the government would have to introduce a "better" currency in order to get them to use that instead. I don't know if this would work with Bitcoin.
legendary
Activity: 1512
Merit: 1005
April 29, 2015, 07:17:41 AM
#48
To the question: How will a goverment aquire the bitcoins to use in a country? Well this is the whole point of bitcoin, they can't just by magic start with an amount of coins. Every coin has to be taxed to get in the hands of the government. When they tax, the public will want to know what the tax is for, thus limit the government.

This is also the answer to: Will a government adopt bitcoin as the currency of a country?
hero member
Activity: 686
Merit: 500
A pumpkin mines 27 hours a night
April 28, 2015, 07:51:43 PM
#47
Yep, you guys are right... A state can't really go and adopt Bitcoin, they need to distribute the money somehow, and they can't do this with Bitcoin. Just think of it this way: A state may want to use Gold as money, but it doesn't have any reserves and is already bankrupt. How are they supposed to get their hands on the gold in the first place???

Well, they could invest in a serious mining operation and use that money to distribute it.
Also jobs would get paid with BTC.

they have a high debit, and you are proposing for a big investment like that? it does not sound so smart

the only for them now is to ask for more fiat at the BCE, and maybe then they convert a portion of this in bitcoin, by buying it directly, without all the hassle of the mining

they can use those bitcoin to move their economy(trade) with extra eurozone countries, in this way they could at least avoid the typical convertion rate with two fiat system

I agree, they can't invest in any mining operation. Following that logic, you would always make money by investing in mining operations or mining bitcoins yourself. The mining gear "arms race" of last year and end 2013 has showed us that buying coins is cheaper. And if they aren't able to just buy the coins, they also won't be able to invest in any mining operation.
hero member
Activity: 700
Merit: 501
April 28, 2015, 01:01:49 PM
#46
Yep, you guys are right... A state can't really go and adopt Bitcoin, they need to distribute the money somehow, and they can't do this with Bitcoin. Just think of it this way: A state may want to use Gold as money, but it doesn't have any reserves and is already bankrupt. How are they supposed to get their hands on the gold in the first place???

Well, they could invest in a serious mining operation and use that money to distribute it.
Also jobs would get paid with BTC.

they have a high debit, and you are proposing for a big investment like that? it does not sound so smart

the only for them now is to ask for more fiat at the BCE, and maybe then they convert a portion of this in bitcoin, by buying it directly, without all the hassle of the mining

they can use those bitcoin to move their economy(trade) with extra eurozone countries, in this way they could at least avoid the typical convertion rate with two fiat system

The negotiations are already over, we are just watching a complete circus to keep things more or less stable until july, then things will have to come to the surface, and it's either more austerity measures for Greece or leaving for the drachma/god knows what else.
legendary
Activity: 3248
Merit: 1072
April 28, 2015, 10:32:40 AM
#45
Yep, you guys are right... A state can't really go and adopt Bitcoin, they need to distribute the money somehow, and they can't do this with Bitcoin. Just think of it this way: A state may want to use Gold as money, but it doesn't have any reserves and is already bankrupt. How are they supposed to get their hands on the gold in the first place???

Well, they could invest in a serious mining operation and use that money to distribute it.
Also jobs would get paid with BTC.

they have a high debit, and you are proposing for a big investment like that? it does not sound so smart

the only way for them now is to ask for more fiat at the BCE, and maybe then they convert a portion of this in bitcoin, by buying it directly, without all the hassle of the mining

they can use those bitcoin to move their economy(trade) with extra eurozone countries, in this way they could at least avoid the typical convertion rate with two fiat system
legendary
Activity: 1204
Merit: 1028
April 28, 2015, 09:38:41 AM
#44
Well, what alternatives does Varoufakis have at this point? What seemed a joke to me, doesn't seem that much of a joke anymore. It's clear they are stuck in a permanent loop of negotiations that never go nowhere, so they'll either end up disappointing all the country by getting fucked by Troika, go back to drachma, or start a crypto based economy.
legendary
Activity: 1512
Merit: 1005
April 28, 2015, 06:38:11 AM
#43
On what day are pensions and government salaries due?
newbie
Activity: 33
Merit: 0
April 28, 2015, 04:10:18 AM
#42
How could that possible? They can easily publish they will adopt Bitcoin as currency. Does it give them any help to ease the burden of large amount of debt and the collapse of their institutions?
legendary
Activity: 1512
Merit: 1005
April 28, 2015, 03:59:05 AM
#41
Yep, you guys are right... A state can't really go and adopt Bitcoin, they need to distribute the money somehow, and they can't do this with Bitcoin. Just think of it this way: A state may want to use Gold as money, but it doesn't have any reserves and is already bankrupt. How are they supposed to get their hands on the gold in the first place???

With the same logic, it is clear that the state does not want gold as money, either. Historically, when gold was used by kings, it was because gold already was money. But they might want gold backed money, where they control the backing. It has two advantages for the state 1: All gold will flow to the government and 2: The gold backed money can be devalued at will. Only private money, denominated in some weight, gold or gold backed, but in that case with no central bank guarantee, will work (as sound money).

sr. member
Activity: 406
Merit: 250
April 28, 2015, 03:10:57 AM
#40
Yep, you guys are right... A state can't really go and adopt Bitcoin, they need to distribute the money somehow, and they can't do this with Bitcoin. Just think of it this way: A state may want to use Gold as money, but it doesn't have any reserves and is already bankrupt. How are they supposed to get their hands on the gold in the first place???

Well, they could invest in a serious mining operation and use that money to distribute it.
Also jobs would get paid with BTC.

If the cost of mining is higher than buying, then they should buy. The Greece is too hot.
hero member
Activity: 770
Merit: 509
April 27, 2015, 05:13:24 AM
#39
Yep, you guys are right... A state can't really go and adopt Bitcoin, they need to distribute the money somehow, and they can't do this with Bitcoin. Just think of it this way: A state may want to use Gold as money, but it doesn't have any reserves and is already bankrupt. How are they supposed to get their hands on the gold in the first place???

Well, they could invest in a serious mining operation and use that money to distribute it.
Also jobs would get paid with BTC.
hero member
Activity: 518
Merit: 500
Trust me!
April 25, 2015, 05:11:13 PM
#38
Yep, you guys are right... A state can't really go and adopt Bitcoin, they need to distribute the money somehow, and they can't do this with Bitcoin. Just think of it this way: A state may want to use Gold as money, but it doesn't have any reserves and is already bankrupt. How are they supposed to get their hands on the gold in the first place???
hero member
Activity: 686
Merit: 500
A pumpkin mines 27 hours a night
April 25, 2015, 03:58:43 PM
#37
Greek will not adopt bitcoin. You have to work to earn bitcoin, it cannot be printed.

That is actually a very intelligent comment. The main problem would be how Greece would even adopt Bitcoin to begin with! I mean, they would have to get everyone to have a certain amount of BTC to get things going. I don't think this is feasible in any way, other than maybe the population deciding to only accept BTC.
This is actually a global problem. Whenever I talk to people about Bitcoin they tell me "how to get them"? They can't fathom is just another currency, that it would be as stupid as saying, "how to get japanese yens"? or something like that.
They aren't interested if its not free money.

I think their reluctance of paying money for BTC is due to the relatively high risk still associated with holding BTC. If you are traveling to Japan you are also effectively only exchanging your local money for Japanese Yen! Those Yens also don't just grow on trees or are being magically converted from USD or EUR...

People see BTC as an investment rather than a currency because of the promise of it's value skyrocketing in the future, which makes it more difficult to waste on frivolous stuff unlike fiats.

I think the biggest problem for BTC acting as a currency is its high volatility, which can't be denied! Right now people are hesitant to spend their BTC they bought a a higher price - which is understandable. But I think people unfamiliar with BTC don't invest in it because they are afraid of losing their money. They don't know enough about Bitcoin.
legendary
Activity: 1358
Merit: 1014
April 25, 2015, 01:36:09 PM
#36
Greek will not adopt bitcoin. You have to work to earn bitcoin, it cannot be printed.

That is actually a very intelligent comment. The main problem would be how Greece would even adopt Bitcoin to begin with! I mean, they would have to get everyone to have a certain amount of BTC to get things going. I don't think this is feasible in any way, other than maybe the population deciding to only accept BTC.
This is actually a global problem. Whenever I talk to people about Bitcoin they tell me "how to get them"? They can't fathom is just another currency, that it would be as stupid as saying, "how to get japanese yens"? or something like that.
They aren't interested if its not free money.

I think their reluctance of paying money for BTC is due to the relatively high risk still associated with holding BTC. If you are traveling to Japan you are also effectively only exchanging your local money for Japanese Yen! Those Yens also don't just grow on trees or are being magically converted from USD or EUR...

People see BTC as an investment rather than a currency because of the promise of it's value skyrocketing in the future, which makes it more difficult to waste on frivolous stuff unlike fiats.
full member
Activity: 280
Merit: 100
April 24, 2015, 01:58:13 PM
#35
http://www.zerohedge.com/news/2015-04-01/greek-finmin-greece-will-adopt-bitcoin-if-eurogroup-doesnt-give-us-deal

I think it would be a dreadful idea, and it will never happen, but that is pretty interesting that people in positions of power are actually thinking about adopting Bitcoin!

thats pity that it's still so far away from true
hero member
Activity: 686
Merit: 500
A pumpkin mines 27 hours a night
April 24, 2015, 01:41:14 PM
#34
Greek will not adopt bitcoin. You have to work to earn bitcoin, it cannot be printed.

That is actually a very intelligent comment. The main problem would be how Greece would even adopt Bitcoin to begin with! I mean, they would have to get everyone to have a certain amount of BTC to get things going. I don't think this is feasible in any way, other than maybe the population deciding to only accept BTC.
This is actually a global problem. Whenever I talk to people about Bitcoin they tell me "how to get them"? They can't fathom is just another currency, that it would be as stupid as saying, "how to get japanese yens"? or something like that.
They aren't interested if its not free money.

I think their reluctance of paying money for BTC is due to the relatively high risk still associated with holding BTC. If you are traveling to Japan you are also effectively only exchanging your local money for Japanese Yen! Those Yens also don't just grow on trees or are being magically converted from USD or EUR...
hero member
Activity: 700
Merit: 501
April 24, 2015, 12:53:29 PM
#33
Greek will not adopt bitcoin. You have to work to earn bitcoin, it cannot be printed.

That is actually a very intelligent comment. The main problem would be how Greece would even adopt Bitcoin to begin with! I mean, they would have to get everyone to have a certain amount of BTC to get things going. I don't think this is feasible in any way, other than maybe the population deciding to only accept BTC.
This is actually a global problem. Whenever I talk to people about Bitcoin they tell me "how to get them"? They can't fathom is just another currency, that it would be as stupid as saying, "how to get japanese yens"? or something like that.
They aren't interested if its not free money.
hero member
Activity: 686
Merit: 500
A pumpkin mines 27 hours a night
April 24, 2015, 12:13:34 PM
#32
Greek will not adopt bitcoin. You have to work to earn bitcoin, it cannot be printed.

That is actually a very intelligent comment. The main problem would be how Greece would even adopt Bitcoin to begin with! I mean, they would have to get everyone to have a certain amount of BTC to get things going. I don't think this is feasible in any way, other than maybe the population deciding to only accept BTC.
legendary
Activity: 868
Merit: 1006
April 24, 2015, 11:06:44 AM
#31
April 1st joke aside, there's as much chance of a country adopting BTC as its national currency as there is of adopting Apple/Google/Msoft shares as it's currency, but that doesn't mean it won't become a popular investment just like the above shares.

It has so much more potential than any of those shares though.  It could creep through the financial soil like fungi, without being even noticeable from the surface.



At the time being though its use is so limited in terms of beign able to use it daily.  Yes there are big companies that use it, but how often do you need a new Dell?  or shop at overstock?  I mean yes it has potential, but for the time being its relatively worthless compared to these multi billion dollar companies stocks
Because its still mega new. But all it takes to accept bitcoin in your shop is
1) Getting an address
2) Printing the QR and putting it on the desk so people can scan it and pay you

DONE! How fucking amazing is that. Imagine all the paperwork you would need to start a business the traditional way.

Bitcoin is going to be such a fucking success that people is not even able to grasp what we are dealing with yet.

NO, stop lying.
First, your bitcoin will someday be hacked either from your server wallet or from your exchanger's account.
Second, you need an auto generation/confirm system to make different address for each client which lead you to point one.
Third, all the paperwork you need to do with shady exchangers are huge.
Fourth, just go accept fiat from bitpay like everyone else please.


How im lying? You can make an address in a cold storage wallet in your house (will NOT get hacked), then use this public address to accept BTC on your shop. Whenever you need BTC get it out of your cold storage, whatever amount you need (just like having a safe with cash, and putting the money you need for the day in your wallet, in this case in your smartphone etc).
You can use a mixer after extracting money from your cold storage for more anonymity, before spending it or moving it elsewhere.
You don't need to rely on third parties. Bitpay doesn't need to be the new monopoly to accept payments, fuck that.
As for exchanges, there will be a day where you don't even need to convert to fiat because everything will be easily done thought BTC. If you still some fiat for whatever reason, you can get it using LocalBitcoins if you don't want any paperwork. Problem solved.
sr. member
Activity: 406
Merit: 250
April 23, 2015, 03:53:55 AM
#30
Greek will not adopt bitcoin. You have to work to earn bitcoin, it cannot be printed.
newbie
Activity: 14
Merit: 0
April 13, 2015, 01:00:38 PM
#29
April 1st joke aside, there's as much chance of a country adopting BTC as its national currency as there is of adopting Apple/Google/Msoft shares as it's currency, but that doesn't mean it won't become a popular investment just like the above shares.

It has so much more potential than any of those shares though.  It could creep through the financial soil like fungi, without being even noticeable from the surface.



At the time being though its use is so limited in terms of beign able to use it daily.  Yes there are big companies that use it, but how often do you need a new Dell?  or shop at overstock?  I mean yes it has potential, but for the time being its relatively worthless compared to these multi billion dollar companies stocks
Because its still mega new. But all it takes to accept bitcoin in your shop is
1) Getting an address
2) Printing the QR and putting it on the desk so people can scan it and pay you

DONE! How fucking amazing is that. Imagine all the paperwork you would need to start a business the traditional way.

Bitcoin is going to be such a fucking success that people is not even able to grasp what we are dealing with yet.

NO, stop lying.
First, your bitcoin will someday be hacked either from your server wallet or from your exchanger's account.
Second, you need an auto generation/confirm system to make different address for each client which lead you to point one.
Third, all the paperwork you need to do with shady exchangers are huge.
Fourth, just go accept fiat from bitpay like everyone else please.
legendary
Activity: 868
Merit: 1006
April 13, 2015, 12:54:40 PM
#28
April 1st joke aside, there's as much chance of a country adopting BTC as its national currency as there is of adopting Apple/Google/Msoft shares as it's currency, but that doesn't mean it won't become a popular investment just like the above shares.

It has so much more potential than any of those shares though.  It could creep through the financial soil like fungi, without being even noticeable from the surface.



At the time being though its use is so limited in terms of beign able to use it daily.  Yes there are big companies that use it, but how often do you need a new Dell?  or shop at overstock?  I mean yes it has potential, but for the time being its relatively worthless compared to these multi billion dollar companies stocks
Because its still mega new. But all it takes to accept bitcoin in your shop is
1) Getting an address
2) Printing the QR and putting it on the desk so people can scan it and pay you

DONE! How fucking amazing is that. Imagine all the paperwork you would need to start a business the traditional way.

Bitcoin is going to be such a fucking success that people is not even able to grasp what we are dealing with yet.
newbie
Activity: 6
Merit: 0
April 13, 2015, 07:20:00 AM
#27
No any response from Greece... It must be 100% a joke now.
hero member
Activity: 560
Merit: 500
April 06, 2015, 11:13:46 AM
#26
April 1st joke aside, there's as much chance of a country adopting BTC as its national currency as there is of adopting Apple/Google/Msoft shares as it's currency, but that doesn't mean it won't become a popular investment just like the above shares.

It has so much more potential than any of those shares though.  It could creep through the financial soil like fungi, without being even noticeable from the surface.



At the time being though its use is so limited in terms of beign able to use it daily.  Yes there are big companies that use it, but how often do you need a new Dell?  or shop at overstock?  I mean yes it has potential, but for the time being its relatively worthless compared to these multi billion dollar companies stocks
sr. member
Activity: 248
Merit: 252
April 05, 2015, 09:16:26 AM
#25
April 1st joke aside, there's as much chance of a country adopting BTC as its national currency as there is of adopting Apple/Google/Msoft shares as it's currency, but that doesn't mean it won't become a popular investment just like the above shares.

It has so much more potential than any of those shares though.  It could creep through the financial soil like fungi, without being even noticeable from the surface.

hero member
Activity: 658
Merit: 500
April 05, 2015, 08:59:43 AM
#24
It's definitely a April 1st joke, that's not gonna happen, monetization is a big part of country right that is important as army, they will never abandon their right. Don't be serious.
newbie
Activity: 6
Merit: 0
April 05, 2015, 08:26:18 AM
#23
Why other people just take bitcoin as a joke Sad Bitcoin isn't a thing that is related to something bad. We should make it connected to some good things.
uki
legendary
Activity: 1358
Merit: 1000
cryptojunk bag holder
April 05, 2015, 06:47:46 AM
#22
Even though April fools joke, BTC, payments and buying is too complicated to become an currency in an country. How can an old grandma do transactions (buying food in the market) with BTC so easily as she can do with her paper money?

And even though I own Bitcoins, I am the guy who wants to hold his wealth in his hands and not as some digits on an paper. As I asked the bank 3 years ago about gold, they were going to give me gold on an savings book. I am the guy who wants to hold the gold bar in his hands. I dont want some paper that says "you have so much virtual gold on your account".
that is exactly the point, Bitcoin has a lot of homework to do before even thinking of mass adoption.
It is a long long road from here where we are atm.
legendary
Activity: 2186
Merit: 1213
April 05, 2015, 06:03:53 AM
#21
Even though April fools joke, BTC, payments and buying is too complicated to become an currency in an country. How can an old grandma do transactions (buying food in the market) with BTC so easily as she can do with her paper money?

And even though I own Bitcoins, I am the guy who wants to hold his wealth in his hands and not as some digits on an paper. As I asked the bank 3 years ago about gold, they were going to give me gold on an savings book. I am the guy who wants to hold the gold bar in his hands. I dont want some paper that says "you have so much virtual gold on your account".
sr. member
Activity: 406
Merit: 250
April 05, 2015, 05:23:39 AM
#20
Bitcoin cannot be printed limitlessly, so Greek will try its best to avoid.
hero member
Activity: 518
Merit: 500
Trust me!
April 03, 2015, 02:53:34 PM
#19
One of the better April Fools Day jokes I've seen this year, although there were quite some good one on reddit, has anyone seen those? Yeah, they should just buy a small amount just in case this goes to the moon. Just imagine Greece being the richest country in the EU Cheesy
hero member
Activity: 700
Merit: 501
April 02, 2015, 03:03:58 PM
#18
Yeah, April Fools day, but the idea is awesome and also that Varoufakis has Bitcoin on his radar is nice. It could be interesting to buy an amount of €1-10m just in case...
He has been learning about bitcoin and even said this about it:

Quote
What is Bitcoin (or BTC for short)?

It is a beautiful algorithm.

If Einstein, von Neumann and Nash were the beautiful minds of the 20th Century, BTC is the 21st Century’s beautiful algorithm. A brilliant answer in search of a worthy question. A breath-taking solution to as yet undiscovered problems! But democratising and de-politicising money will not be one of them, I am afraid. It will not replace government issued money and it is not about to enfranchise the world’s billions that live in poverty, contrary to the lofty pronouncements of its evangelists.


sr. member
Activity: 350
Merit: 250
Honest 80s business!
April 02, 2015, 12:15:50 PM
#17
Yeah, April Fools day, but the idea is awesome and also that Varoufakis has Bitcoin on his radar is nice. It could be interesting to buy an amount of €1-10m just in case...
sr. member
Activity: 406
Merit: 250
AltoCenter.com
April 02, 2015, 09:56:42 AM
#16
Well good luck for bitcoin users in Greece. I don't know what kind of pros and cons it will bring but hope it can do some good for the bitcoin community in there.
hero member
Activity: 770
Merit: 509
April 02, 2015, 09:36:26 AM
#15
Maybe this was a test field? With this varoufakis is getting reactions and seeing what would happen if he actually said that, im pretty sure he is paying attetion to what is being said even if its a joke.
sr. member
Activity: 448
Merit: 250
April 01, 2015, 06:19:36 PM
#14
http://www.zerohedge.com/news/2015-04-01/greek-finmin-greece-will-adopt-bitcoin-if-eurogroup-doesnt-give-us-deal

I think it would be a dreadful idea, and it will never happen, but that is pretty interesting that people in positions of power are actually thinking about adopting Bitcoin!
Is this 1st April joke?

YUUUUP!!!

Today is just a bad day for news credibility in any form.
hero member
Activity: 826
Merit: 1000
April 01, 2015, 01:24:33 PM
#13
I was to say something along of how greece can afford to even adopt it, with its failure to repay.

but then I noticed the april fools joke as well lol.

If that was serious though, that would be something to see. Even the thought of that, maybe the greece can take a hint and say "hey why not use our leverage and market this so can pay back our loans through cashing out through bitcoin".
hero member
Activity: 714
Merit: 500
April 01, 2015, 12:16:24 PM
#12
Yeah it's only an april fool

Yes , it is an april fool. Check the tweet that Yanis Varoufa made  :


legendary
Activity: 896
Merit: 1000
April 01, 2015, 12:15:13 PM
#11
beside the april fools jokes, the idea itself isn't that bad. but can't see any country giving up their old fashion system.
hero member
Activity: 1288
Merit: 524
Buzz App - Spin wheel, farm rewards
April 01, 2015, 12:01:24 PM
#10
and amazingly, bitcoin didnt even move up 0.5%

if greek finance minister had said gold would back their new currency, gold prices would have spiked.

bitcoin dead in the water
legendary
Activity: 3248
Merit: 1072
April 01, 2015, 10:08:31 AM
#9
http://www.zerohedge.com/news/2015-04-01/greek-finmin-greece-will-adopt-bitcoin-if-eurogroup-doesnt-give-us-deal

I think it would be a dreadful idea, and it will never happen, but that is pretty interesting that people in positions of power are actually thinking about adopting Bitcoin!
Is this 1st April joke?

no the bitcoin 2.0 thread is, this section now is an april fool joke

but greece should really adopt btc like everyone else
hero member
Activity: 770
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April 01, 2015, 09:59:43 AM
#8
I realise now that Zerohedge is an American website, so it is before midday there, thus this is probably an April fools joke.
It's quite dry for an April fools though, but I guess that is more likely than that they are actually considering adopting bitcoin.

Sorry.
Already saw this posted, nice joke, I wish it was true but Varoufakis will not take that risk, that takes more balls that they can afford unfortunately.
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Big Bit Mine
April 01, 2015, 09:38:44 AM
#7
http://www.zerohedge.com/news/2015-04-01/greek-finmin-greece-will-adopt-bitcoin-if-eurogroup-doesnt-give-us-deal

I think it would be a dreadful idea, and it will never happen, but that is pretty interesting that people in positions of power are actually thinking about adopting Bitcoin!
Is this 1st April joke?

YUUUUP!!!
sr. member
Activity: 518
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Presale is live!
April 01, 2015, 09:38:01 AM
#6
http://www.zerohedge.com/news/2015-04-01/greek-finmin-greece-will-adopt-bitcoin-if-eurogroup-doesnt-give-us-deal

I think it would be a dreadful idea, and it will never happen, but that is pretty interesting that people in positions of power are actually thinking about adopting Bitcoin!
Is this 1st April joke?
legendary
Activity: 1946
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Bitcoin / Crypto mining Hardware.
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hero member
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April 01, 2015, 08:43:05 AM
#3
I realise now that Zerohedge is an American website, so it is before midday there, thus this is probably an April fools joke.
It's quite dry for an April fools though, but I guess that is more likely than that they are actually considering adopting bitcoin.

Sorry.

Yes there is no doubt this is a joke, probably the author has some btc and hopes to create a price jump.  Sad but btc has turned into kind of a joke considering most people only use it for anonymity when dealing online and hoping the price sky rockets again
legendary
Activity: 1218
Merit: 1003
April 01, 2015, 08:34:46 AM
#2
I realise now that Zerohedge is an American website, so it is before midday there, thus this is probably an April fools joke.
It's quite dry for an April fools though, but I guess that is more likely than that they are actually considering adopting bitcoin.

Sorry.
legendary
Activity: 1218
Merit: 1003
April 01, 2015, 08:30:21 AM
#1
http://www.zerohedge.com/news/2015-04-01/greek-finmin-greece-will-adopt-bitcoin-if-eurogroup-doesnt-give-us-deal

I think it would be a dreadful idea, and it will never happen, but that is pretty interesting that people in positions of power are actually thinking about adopting Bitcoin!
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