So what is fueling the support now? Is that potential Greece collapse?

Kettenmonster

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Quote from: ?? on ??

only 3 people in line at an atm??? holy fuck the world is about to end!

yeah ... but look at the tits in a red shirt! Ya no ... sex sells! ... at least it sells the pictures. Cheesy

I don´t expect the Greece to come up with a government that supports the current policy of starving cash flow to death.
Why would they? It would be stupid! They have to solve their problems before they can afford to look at what would be best for the Euro.

From a very practical point of view, it looks like that:
When I was a young boy holiday in Greece was an affordable pleasure, so spilled some cash into greeks pockets.
Today ... I´d rather go to Croatia, shorter way, cheaper holidays, ... 7 Kuna is roughly 1 Euro ... buy some Plavac (croatian red wine) for 2 or 3 Euros and enjoy a long evening make sure there is a donkey on the lable Wink

, but don´t try that in Greece, wine is worse but less worth.

hazek

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Quote from: zby on May 23, 2012, 11:29:53 AM

Bloomberg: "Greece may have only a 46-hour window of opportunity should it need to plot a route out of the euro." http://www.bloomberg.com/news/2012-05-22/war-gaming-greek-euro-exit-highlights-hazards-in-46-hour-weekend.html

And later in the same article what you get? Yes - capital controls!

It's going to be Argentina 1999-2002 in Greece soon enough.

RodeoX

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The revolution will be monetized!

Maybe support is just increcing as little by little people are hearing about BTC?

zby

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Bloomberg: "Greece may have only a 46-hour window of opportunity should it need to plot a route out of the euro." http://www.bloomberg.com/news/2012-05-22/war-gaming-greek-euro-exit-highlights-hazards-in-46-hour-weekend.html

And later in the same article what you get? Yes - capital controls!

hazek

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Quote from: ?? on ??

Quote from: hazek on May 22, 2012, 10:58:20 AM

Quote from: ?? on ??

3 guys in line at an atm is pretty lol for being used of evidence of anything.

You're missing the point. What you are saying above DID NOT HAPPEN. The pictures weren't the evidence. Read the article to learn what the evidence is.

trust me i know very much what is going on, what went on, and what will go on. i just loled at the photo.

The photo was merely a poorly chosen illustration for the zerohedge article and practically irrelevant is my point. I guess I could have dropped it when I posted about the article but I decided against it in favor a little visual stimulation.. perhaps a mistake.

hazek

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Quote from: ?? on ??

3 guys in line at an atm is pretty lol for being used of evidence of anything.

You're missing the point. What you are saying above DID NOT HAPPEN. The pictures weren't the evidence. Read the article to learn what the evidence is.

hazek

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You both do understand that these pictures weren't really the evidence of the run that is in fact happening, right?

Cluster2k

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Quote from: hazek on May 15, 2012, 04:12:50 PM

There's no stopping this snowball that started rolling ever since 07-08. Greece is weeks away from Argentina 2001 Nov - Dec shit storm.

EDIT: Evidence of the severity of the situation: http://www.zerohedge.com/news/has-greek-bank-run-started

Those queues are truly shocking. It looks almost like... any typical lunchtime in a busy shopping mall in my city.

We'll know the bank run is under way when people are lining up outside banks around street corners, ala Northern Rock or Zimbabwe.

Kettenmonster

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Quote from: realnowhereman on May 16, 2012, 06:09:18 AM

Ha. Taxation as the solution to growth problems ...

The opposite is the case. Taxation as a tool to dry out the growth of speculation is the idea.

hazek

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KABOOM:

ECB Stops Monetary Policy Operations To Some Greek Banks http://www.zerohedge.com/news/ecb-stops-policy-operations-some-greek-banks

realnowhereman

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Quote from: Kettenmonster on May 15, 2012, 05:09:08 PM

On a longer run Spain or Italy might become an issue. But by then there is enough pressure in the EU to enforce a financial transaction tax.
This would either flush in the money needed to pay twice any debt you can even think of or - more likely - dry out the speculation against certain countries. Either way problem solved.

Ha. Taxation as the solution to growth problems -- great idea. I almost hope they'll do it so they get the object lesson they so richly need.

FreeMoney

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Strength in numbers

Quote from: tvbcof on May 15, 2012, 04:25:11 PM

Quote from: bitcool on May 15, 2012, 04:22:28 PM

I am just wondering, what Europeans are doing to protect their savings if they are worried? Apparently it's not gold, silver, or Bitcoins... USD???

As best I can tell, most Europeans are as stupid as most Americans. So I suspect that what they are doing is~~, for the most part, not much of anything.~~ yelling "savings? what savings? LOL"

More like that probably.

hazek

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Quote from: Kettenmonster on May 15, 2012, 05:09:08 PM

Quote from: zby on May 15, 2012, 03:37:41 PM

A nasty melt-down in Europe ...

... uhm where?
Greece? No, it´s just the playground to learn how a country can leave the Euro.
I doubt they can come up with working a government after next election in June, thus being bankrupt in July or so.
But why worry? The money needed has already been put aside.

On a longer run Spain or Italy might become an issue. But by then there is enough pressure in the EU to enforce a financial transaction tax.
This would either flush in the money needed to pay twice any debt you can even think of or - more likely - dry out the speculation against certain countries. Either way problem solved.

p.s.
If you want to understand what happens in Greece today, take a look at the Weimar Republic.

I don't know.. I think Argentina 1999 - 2002 compares a lot better and yes I agree, Spain and Italy are where it's going to really hit the fan.

Kettenmonster

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Quote from: zby on May 15, 2012, 03:37:41 PM

A nasty melt-down in Europe ...

... uhm where?
Greece? No, it´s just the playground to learn how a country can leave the Euro.
I doubt they can come up with working a government after next election in June, thus being bankrupt in July or so.
But why worry? The money needed has already been put aside.

On a longer run Spain or Italy might become an issue. But by then there is enough pressure in the EU to enforce a financial transaction tax.
This would either flush in the money needed to pay twice any debt you can even think of or - more likely - dry out the speculation against certain countries. Either way problem solved.

p.s.
If you want to understand what happens in Greece today, take a look at the Weimar Republic.

hazek

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And this is what scares me the most about the whole thing: http://www.zerohedge.com/news/majority-neo-normal-greek-cops-vote-neo-nazi

Quote

In a somewhat stunning revelation, especially after our earlier note on the Golden Dawn leader's 'position' on the issues of the day, GreekReporter notes via the news paper To Vima, that more than half of all police officers in Greece voted for pro-Nazi party Golden Dawn in the elections of May 6th.

tvbcof

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Quote from: bitcool on May 15, 2012, 04:22:28 PM

I am just wondering, what Europeans are doing to protect their savings if they are worried? Apparently it's not gold, silver, or Bitcoins... USD???

As best I can tell, most Europeans are as stupid as most Americans. So I suspect that what they are doing is, for the most part, not much of anything.

bitcool

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Live and enjoy experiments

I am just wondering, what Europeans are doing to protect their savings if they are worried? Apparently it's not gold, silver, or Bitcoins... USD???

hazek

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Quote from: zby on May 15, 2012, 03:37:41 PM

A nasty melt-down in Europe can send bitcoin price sky high - do you think it is happening now? Or do you think the politicians will settle down again for a few months, just like they have been doing for a year already, postponing the crisis, and letting the evident down trend do it's turn before we are back to the rally?

There's no stopping this snowball that started rolling ever since 07-08. Greece is weeks away from Argentina 2001 Nov - Dec shit storm.

EDIT: Evidence of the severity of the situation: http://www.zerohedge.com/news/has-greek-bank-run-started

JusticeForYou

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Quote from: zby on May 15, 2012, 03:37:41 PM

A nasty melt-down in Europe can send bitcoin price sky high - do you think it is happening now? Or do you think the politicians will settle down again for a few months, just like they have been doing for a year already, postponing the crisis, and letting the evident down trend do it's turn before we are back to the rally?

For a very small few, BTC might be a way to protect the value of a currency until it is exchanged into another form.

And it would be a smart bet. If I were Greek, I would transfer a chunk of personal wealth into BTC and then back out again when the new currency comes on line.

tvbcof

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Although it seems like there could be, I've never seen much indication that the external economy impacts Bitcoin much. And of course Bitcoin is such a tiny spec that it isn't going to influence anything externally. So, I would not expect general macro trends involving the EU to have much impact on Bitcoin.

Now, the way Greece could have a giant impact on Bitcoin is by imposing capital controls within their boarders (thus making the advantages solution suddenly very obvious even to the slowest members of the population.) There is a non-trivial chance that Greece will do just that. Hopefully the Bitcoin community will take some actions to maximize the positive impact of such an event.

Topic: So what is fueling the support now? Is that potential Greece collapse? (Read 2613 times)