Today it is Greece. Tomorrow it can be you. - page 3.

Herbert2020

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Activity: 1946

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Quote from: Kapz786 on July 07, 2015, 09:57:21 AM

I think the people of Greece would really take this chance and jump to bitcoin. Banks are down, PayPal is down, not many options are left for them. More and more people in Greeks in the past couple of months have already began using bitcoin. Hope this continues, it will help the value of bitcoin and us. Wink

but sadly they have many obstacles on their way to buying bitcoin. like the limits they have to access cash, the small amount daily that they can withdraw is so low for any major investment in bitcoin. then there is like 1 atm to buy bitcoin.

Kapz786

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Activity: 697

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I think the people of Greece would really take this chance and jump to bitcoin. Banks are down, PayPal is down, not many options are left for them. More and more people in Greeks in the past couple of months have already began using bitcoin. Hope this continues, it will help the value of bitcoin and us. Wink

turvarya

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Quote from: neoneros on July 07, 2015, 09:44:38 AM

Quote from: GreenStox on July 07, 2015, 08:10:14 AM

Quote from: turvarya on July 07, 2015, 07:40:00 AM

Quote from: GreenStox on July 07, 2015, 07:33:40 AM

Quote from: Kprawn on July 07, 2015, 12:52:49 AM

I guess the vote result was the better of two evils. You cannot accept any more loans from the EU or other country, because it will only dig the hole deeper.

They need significant internal financial reform :

1. Increased Tax
2. Government Salaries & Pension cuts. {Eg.. reduction of 30% or more for a period of 5 years, until the economy healed}
3. Assistance to help entrepeneurs to create jobs. {Subsidizing innovation}
4. Strong anti-corruption strategies
5. Creation of a Bitcoin friendly environment {Also informal job creation}
6. Very strict lending practices for high risk loans.
7. Negotiations with the EU to write off a percentage of the debt. {Some countries have done this with 3rd World country debt}

These are just some of the things, they can do to resolve this situation.

Raising taxes is the most bullshit thing you can ever do.

Raising taxes only shrinks the tax base, thus they will have less government budget eventually.

Not to mention the fact that its highly immoral to send armed thugs to your store extorting you for money

The problem with Greece is not, that the taxes are too low. The Problem is that paying taxes was hardly enforced in the last few years.
Just a little reminder, that Greeks are not just the victims of this crises, but fucked up pretty hard them self and that also counts for the poor people, who also didn't pay taxes, because culture.

Thats why they should lower taxes even lower. If they have medium taxes which are not enforced, then why cant you have low taxes that are enforcet?

You can easily fire some tax collectors, and save some budget money anyway.

But just look at the morality of the entire system, all sorts of inspectors coming to your small store to "check" you is exactly like the maffia.

Plus all the debt that has build up to save 'Greece' as a country only saved the banks and multinationals to get a free pass to leave greece and let it sink even further, none of the IMF loans has gotten to the greek people. All of it went to the german and french banks that have played a good one on greece and its population, winning big and walking away with a big profit. You cannot blame the people, the tax evasion was a status quo that was working ok until the eu and banks pushed them to reform and then the whole system started to shift and fall apart.

Sorry, but what a BS. Nothing worked in Greece, before and after they joined the EU. They had problems long before they joined the EU, they were just hiding them better. Seriously, they don't have any economy besides some tourism. How is that supposed to work?
And no, I don't want to defend the Banks, but saying you can't blame the Greek people at all, is just a big pile of bullshit.

neoneros

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Activity: 462

Merit: 250

I can draw your avatar!

Quote from: GreenStox on July 07, 2015, 08:10:14 AM

Quote from: turvarya on July 07, 2015, 07:40:00 AM

Quote from: GreenStox on July 07, 2015, 07:33:40 AM

Quote from: Kprawn on July 07, 2015, 12:52:49 AM

I guess the vote result was the better of two evils. You cannot accept any more loans from the EU or other country, because it will only dig the hole deeper.

They need significant internal financial reform :

1. Increased Tax
2. Government Salaries & Pension cuts. {Eg.. reduction of 30% or more for a period of 5 years, until the economy healed}
3. Assistance to help entrepeneurs to create jobs. {Subsidizing innovation}
4. Strong anti-corruption strategies
5. Creation of a Bitcoin friendly environment {Also informal job creation}
6. Very strict lending practices for high risk loans.
7. Negotiations with the EU to write off a percentage of the debt. {Some countries have done this with 3rd World country debt}

These are just some of the things, they can do to resolve this situation.

Raising taxes is the most bullshit thing you can ever do.

Raising taxes only shrinks the tax base, thus they will have less government budget eventually.

Not to mention the fact that its highly immoral to send armed thugs to your store extorting you for money

The problem with Greece is not, that the taxes are too low. The Problem is that paying taxes was hardly enforced in the last few years.
Just a little reminder, that Greeks are not just the victims of this crises, but fucked up pretty hard them self and that also counts for the poor people, who also didn't pay taxes, because culture.

Thats why they should lower taxes even lower. If they have medium taxes which are not enforced, then why cant you have low taxes that are enforcet?

You can easily fire some tax collectors, and save some budget money anyway.

But just look at the morality of the entire system, all sorts of inspectors coming to your small store to "check" you is exactly like the maffia.

Plus all the debt that has build up to save 'Greece' as a country only saved the banks and multinationals to get a free pass to leave greece and let it sink even further, none of the IMF loans has gotten to the greek people. All of it went to the german and french banks that have played a good one on greece and its population, winning big and walking away with a big profit. You cannot blame the people, the tax evasion was a status quo that was working ok until the eu and banks pushed them to reform and then the whole system started to shift and fall apart.

Fabrizio89

hero member

Activity: 924

Merit: 1000

It will be Italy most likely

scarsbergholden

hero member

Activity: 686

Merit: 500

China will have a bigger more impact on the world economy has thier stock market is now down 25% and some stock has complete stop trading

http://money.cnn.com/2015/07/07/investing/china-stock-market-companies-stop-trading/index.html?iid=hp-stack-dom

GreenStox

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Activity: 1148

Merit: 252

Undeads.com - P2E Runner Game

Quote from: turvarya on July 07, 2015, 07:40:00 AM

Quote from: GreenStox on July 07, 2015, 07:33:40 AM

Quote from: Kprawn on July 07, 2015, 12:52:49 AM

I guess the vote result was the better of two evils. You cannot accept any more loans from the EU or other country, because it will only dig the hole deeper.

They need significant internal financial reform :

1. Increased Tax
2. Government Salaries & Pension cuts. {Eg.. reduction of 30% or more for a period of 5 years, until the economy healed}
3. Assistance to help entrepeneurs to create jobs. {Subsidizing innovation}
4. Strong anti-corruption strategies
5. Creation of a Bitcoin friendly environment {Also informal job creation}
6. Very strict lending practices for high risk loans.
7. Negotiations with the EU to write off a percentage of the debt. {Some countries have done this with 3rd World country debt}

These are just some of the things, they can do to resolve this situation.

Raising taxes is the most bullshit thing you can ever do.

Raising taxes only shrinks the tax base, thus they will have less government budget eventually.

Not to mention the fact that its highly immoral to send armed thugs to your store extorting you for money

The problem with Greece is not, that the taxes are too low. The Problem is that paying taxes was hardly enforced in the last few years.
Just a little reminder, that Greeks are not just the victims of this crises, but fucked up pretty hard them self and that also counts for the poor people, who also didn't pay taxes, because culture.

Thats why they should lower taxes even lower. If they have medium taxes which are not enforced, then why cant you have low taxes that are enforcet?

You can easily fire some tax collectors, and save some budget money anyway.

But just look at the morality of the entire system, all sorts of inspectors coming to your small store to "check" you is exactly like the maffia.

turvarya

hero member

Activity: 714

Merit: 500

Quote from: GreenStox on July 07, 2015, 07:33:40 AM

Quote from: Kprawn on July 07, 2015, 12:52:49 AM

I guess the vote result was the better of two evils. You cannot accept any more loans from the EU or other country, because it will only dig the hole deeper.

They need significant internal financial reform :

1. Increased Tax
2. Government Salaries & Pension cuts. {Eg.. reduction of 30% or more for a period of 5 years, until the economy healed}
3. Assistance to help entrepeneurs to create jobs. {Subsidizing innovation}
4. Strong anti-corruption strategies
5. Creation of a Bitcoin friendly environment {Also informal job creation}
6. Very strict lending practices for high risk loans.
7. Negotiations with the EU to write off a percentage of the debt. {Some countries have done this with 3rd World country debt}

These are just some of the things, they can do to resolve this situation.

Raising taxes is the most bullshit thing you can ever do.

Raising taxes only shrinks the tax base, thus they will have less government budget eventually.

Not to mention the fact that its highly immoral to send armed thugs to your store extorting you for money

The problem with Greece is not, that the taxes are too low. The Problem is that paying taxes was hardly enforced in a long time.
Just a little reminder, that Greeks are not just the victims of this crises, but fucked up pretty hard them self and that also counts for the poor people, who also didn't pay taxes, because culture.

GreenStox

sr. member

Activity: 1148

Merit: 252

Undeads.com - P2E Runner Game

Quote from: Kprawn on July 07, 2015, 12:52:49 AM

I guess the vote result was the better of two evils. You cannot accept any more loans from the EU or other country, because it will only dig the hole deeper.

They need significant internal financial reform :

1. Increased Tax
2. Government Salaries & Pension cuts. {Eg.. reduction of 30% or more for a period of 5 years, until the economy healed}
3. Assistance to help entrepeneurs to create jobs. {Subsidizing innovation}
4. Strong anti-corruption strategies
5. Creation of a Bitcoin friendly environment {Also informal job creation}
6. Very strict lending practices for high risk loans.
7. Negotiations with the EU to write off a percentage of the debt. {Some countries have done this with 3rd World country debt}

These are just some of the things, they can do to resolve this situation.

Raising taxes is the most bullshit thing you can ever do.

Raising taxes only shrinks the tax base, thus they will have less government budget eventually.

Not to mention the fact that its highly immoral to send armed thugs to your store extorting you for money

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: Kprawn on July 07, 2015, 12:52:49 AM

I guess the vote result was the better of two evils. You cannot accept any more loans from the EU or other country, because it will only dig the hole deeper.

They need significant internal financial reform :

1. Increased Tax
2. Government Salaries & Pension cuts. {Eg.. reduction of 30% or more for a period of 5 years, until the economy healed}
3. Assistance to help entrepeneurs to create jobs. {Subsidizing innovation}
4. Strong anti-corruption strategies
5. Creation of a Bitcoin friendly environment {Also informal job creation}
6. Very strict lending practices for high risk loans.
7. Negotiations with the EU to write off a percentage of the debt. {Some countries have done this with 3rd World country debt}

These are just some of the things, they can do to resolve this situation.

i do not agree on this, especially when they have already locked to only 60 euro per day the money of their citizens

i find that rising taxes is not a good strategy ever to resolve big debts, it was proven numerous times

jslim18

newbie

Activity: 26

Merit: 0

Gosh! Greek defaulted IMF, Is Greece going to stay in EURO or out of EURO?
But, I found a correlation between Drachma to Bitcoin at http://airkayu.com/content/greeks-are-rushing-bitcoin

Quote from: Possum577 on July 06, 2015, 11:25:21 PM

Quote from: Gyfts on July 06, 2015, 09:08:46 AM

This was not a shock...this was expected. I'm sure many people knew Greece would default. It's not something that happens so quickly like "tomorrow" as you suggest. The less ignorant people prepared for what was to come and managed to secure their finances (partially).

Yeah, sounds like the people of Greece aren't worried about the unknown or taking the riskier of two paths. It's crazy but kind of admirable to just go for it like that, to take on their own problems by themself.

Here's an article about it: http://money.cnn.com/2015/07/06/news/economy/greece-no-vote-explanations/index.html?iid=hp-stack-dom

Kprawn

legendary

Activity: 1904

Merit: 1074

I guess the vote result was the better of two evils. You cannot accept any more loans from the EU or other country, because it will only dig the hole deeper.

They need significant internal financial reform :

1. Increased Tax
2. Government Salaries & Pension cuts. {Eg.. reduction of 30% or more for a period of 5 years, until the economy healed}
3. Assistance to help entrepeneurs to create jobs. {Subsidizing innovation}
4. Strong anti-corruption strategies
5. Creation of a Bitcoin friendly environment {Also informal job creation}
6. Very strict lending practices for high risk loans.
7. Negotiations with the EU to write off a percentage of the debt. {Some countries have done this with 3rd World country debt}

These are just some of the things, they can do to resolve this situation.

Possum577

sr. member

Activity: 434

Merit: 250

Loose lips sink sigs!

Quote from: Gyfts on July 06, 2015, 09:08:46 AM

This was not a shock...this was expected. I'm sure many people knew Greece would default. It's not something that happens so quickly like "tomorrow" as you suggest. The less ignorant people prepared for what was to come and managed to secure their finances (partially).

Yeah, sounds like the people of Greece aren't worried about the unknown or taking the riskier of two paths. It's crazy but kind of admirable to just go for it like that, to take on their own problems by themself.

Here's an article about it: http://money.cnn.com/2015/07/06/news/economy/greece-no-vote-explanations/index.html?iid=hp-stack-dom

neurotypical

hero member

Activity: 672

Merit: 503

Quote from: OROBTC on July 06, 2015, 01:19:54 PM

Quote from: oblivi on July 06, 2015, 12:50:49 PM

The worst part hasn't happened yet. Now greece is all happy and dandy because the NO won. They think they are getting their sovereignty back, when anyone informed knows that haircuts will be coming, and once haircuts will be coming and you still cannot get your money out of the bank, now that is a whole new level of frustration. Having bought BTC at 1K will be nothing compared to that.

^^ This

It is not enough to save money in the bank, we now see all the risks, even if you are in a "developed country". 10 years ago, who would have thought that people could get "bailed-in"? The term, AFAIK, had not even been invented...

Nor is BTC enough by itself to be properly diversified. It is only smart to own some gold, keep some cash at home and own BTC.

And to pay attention to the news, and being prepared to act.

It's really people's fault that they haven't learn what diversifiying means at this point in time after so many incidents like these and the importance of never having all of your wealth in the bank. Our culture never learns until you've already fucked up.

Gleb Gamow

vip

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"First we take Athens, then we take Berlin."

scarsbergholden

hero member

Activity: 686

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so cnn money calls the greece drama a little side show to what could be happening in china with all the stock margin buy and prices going down more then 30% could chine be the next economy on trouble?

CHECK IT OUT http://money.cnn.com/2015/07/06/investing/stocks-market-china-greece/index.html?iid=hp-toplead-dom

agath

full member

Activity: 164

Merit: 100

Quote from: BillyBobZorton on July 06, 2015, 09:01:59 AM

Bitcoin will be the alternative system to the convential fiat systems. People is too dumb to embrace Bitcoin in 2015 or any time soon. We'll need at least 20 years until a country goes full crypto, and by then people owning BTC since the begining will all be millionaires.

Not unless they own at least 1.000.000 of bitcoins.

bilabonic

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Activity: 325

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How high can you guys see BTC going, not checked the price for a few days and seen a £26 increase !!!

I was just about to sell 3 BTC at £179. Shocked

ebliever

legendary

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Merit: 1036

Quote from: Hazir on July 06, 2015, 01:44:42 PM

When crisis of this caliber is in motion people are not gonna turn over to another volatile currency.

They will if they only have worse alternatives than bitcoin available, which is where things are headed. Desperation will make people try different things, things they would not normally consider. (Reminds me of a letter in my genealogy files to my great-grandmother from her brother in Germany in the 1930's, apologizing and sheepishly defending their embrace of Naziism because the "old ways had failed" and a new generation had to be allowed to try something new. But I digress... I hope.)

That volatility can be a blessing as well as a curse, after all - Cypriots who got out early may have ridden the BTC spike in early 2013 to many times what they invested as they exited their fiat savings.

Hazir

legendary

Activity: 1596

Merit: 1005

★Nitrogensports.eu★

It is interesting how everyone know commenting that it is great chance for Greece to incorporate bitcoin. It won't happen on the higher level for sure. Only small groups of people own bitcoin in Greece, and that poster are not gonna change much. Bitcoin is not magic salvation for their economic crisis it could only help some people slightly. When crisis of this caliber is in motion people are not gonna turn over to another volatile currency.

Topic: Today it is Greece. Tomorrow it can be you. - page 3. (Read 4077 times)