He definitely didn't want to use Bitcoin in Greece since he knows very well that Bitcoin is not yet ready for such a huge projects, at least not at the moment.
He probably wanted to create some kind of centralized coin that would be distributed to Greeks in a case that they left Euro zone, since they haven't had printing presses to print again their Drachmes.
Topic: Varoufakis wanted to use bitcoin (or something similar) in Greece ? (Read 837 times)
September 28, 2015, 03:37:55 PM
September 28, 2015, 11:09:57 AM
It will be better that Varoufakis goes forever from the political scene of Greece. This kind of politician only can hurt its people. Even he have to many followers there in these times this doesn't mean that him think for the best of them ond the Greece. As for its idea to use bitcoin as a money for Greece I'm sure that is a bluff. He make only bluffs with the hope to fatigue the adversary (whoever he can be) and then do that he want. This is even the story of bitcoin (or something similar) as the future money of Greece.
I agree, Varoufakis main goal is to satisfy his narcissistic needs.
Varoufakis is a keynesian socialist (or even communist). That means he will never support a free currency like Bitcoin that cannot be centrally controlled. Bitcoin is the exact opposite of socialism and fractional reserve.
Apart from that it is highly irrelevant if Bitcoin is approved by the political class, because Bitcoin is superior money. That alone makes it attractive and will lead to its success.
ya.ya.yo!
I think he may like the idea of a "controlled Bitcoin". So if Bitcoin is a success and so are sidechains, Greece could get their own chain and put their own rules on their own coin based on their own goverment, and at the end of the day still benefit Bitcoin because it ultimately runs under the bitcoin blockchain as a sidechain through blockstream.
Create (at these times for which speak Varoufakis) a new digital coin only for Greece was an impossible mission. First of all the coin must be produced and having in mind the way in which a digital coin is created needed to much time to have an amount which can allow him to put it in circulation. Greece, if at the time of Waroufakis went out of EU, would need an alternative money immediately. And be created in big quantities because there were be inflatitionated every day. This is impossible in the case of digital money. He knows well all this. For this I tell in my above post that all this story is a bluff.
September 28, 2015, 10:59:43 AM
even thought I am going to destroy some Bitcoin believer dreams...
Plan B does not mean Bitcoin ... Kappa
Plan B does not mean Bitcoin ... Kappa
it was clear enough, no centralized autorithy will ever embrace bitcoin, it go against their interest, simply because it isn't centralized, not because they hate it or anything else
for this reason you every kind of clone of a decentralized blockchain , which is instead centralized and don't use bitcoin, i think bitcoin should be used by people more to disrupt their governments not by governments itself
Instead I suppose they will create their own version of national coin in the future. Bitcoin is forever doomed to be marginal cryptocurrency.
September 28, 2015, 10:55:50 AM
It will be better that Varoufakis goes forever from the political scene of Greece. This kind of politician only can hurt its people. Even he have to many followers there in these times this doesn't mean that him think for the best of them ond the Greece. As for its idea to use bitcoin as a money for Greece I'm sure that is a bluff. He make only bluffs with the hope to fatigue the adversary (whoever he can be) and then do that he want. This is even the story of bitcoin (or something similar) as the future money of Greece.
I agree, Varoufakis main goal is to satisfy his narcissistic needs.
Varoufakis is a keynesian socialist (or even communist). That means he will never support a free currency like Bitcoin that cannot be centrally controlled. Bitcoin is the exact opposite of socialism and fractional reserve.
Apart from that it is highly irrelevant if Bitcoin is approved by the political class, because Bitcoin is superior money. That alone makes it attractive and will lead to its success.
ya.ya.yo!
I think he may like the idea of a "controlled Bitcoin". So if Bitcoin is a success and so are sidechains, Greece could get their own chain and put their own rules on their own coin based on their own goverment, and at the end of the day still benefit Bitcoin because it ultimately runs under the bitcoin blockchain as a sidechain through blockstream.
September 28, 2015, 10:28:08 AM
It will be better that Varoufakis goes forever from the political scene of Greece. This kind of politician only can hurt its people. Even he have to many followers there in these times this doesn't mean that him think for the best of them ond the Greece. As for its idea to use bitcoin as a money for Greece I'm sure that is a bluff. He make only bluffs with the hope to fatigue the adversary (whoever he can be) and then do that he want. This is even the story of bitcoin (or something similar) as the future money of Greece.
I agree, Varoufakis main goal is to satisfy his narcissistic needs.
Varoufakis is a keynesian socialist (or even communist). That means he will never support a free currency like Bitcoin that cannot be centrally controlled. Bitcoin is the exact opposite of socialism and fractional reserve.
Apart from that it is highly irrelevant if Bitcoin is approved by the political class, because Bitcoin is superior money. That alone makes it attractive and will lead to its success.
ya.ya.yo!
September 28, 2015, 08:26:12 AM
It will be better that Varoufakis goes forever from the political scene of Greece. This kind of politician only can hurt its people. Even he have to many followers there in these times this doesn't mean that him think for the best of them ond the Greece. As for its idea to use bitcoin as a money for Greece I'm sure that is a bluff. He make only bluffs with the hope to fatigue the adversary (whoever he can be) and then do that he want. This is even the story of bitcoin (or something similar) as the future money of Greece.
July 28, 2015, 01:30:54 AM
even thought I am going to destroy some Bitcoin believer dreams...
Plan B does not mean Bitcoin ... Kappa
Plan B does not mean Bitcoin ... Kappa
it was clear enough, no centralized autorithy will ever embrace bitcoin, it go against their interest, simply because it isn't centralized, not because they hate it or anything else
for this reason you every kind of clone of a decentralized blockchain , which is instead centralized and don't use bitcoin, i think bitcoin should be used by people more to disrupt their governments not by governments itself
July 27, 2015, 10:00:07 PM
Greeks have their own digital currency already called HELLAS coin and I have noticed that it has gone up in recent weeks although I don't own any (SHAME) so if ever they were going to mass adopt one I think they would issue or use their own currency. Bitcoin is way too decentralised for Greece to adopt as it's main currency..
July 27, 2015, 09:23:11 PM
it isnt a bitcoiner dream.... It just shows the evolution of mentality.
July 27, 2015, 07:34:08 PM
From reading TFA it seems to me that he was going to create an euro ewallet and issue "e-euros" in it. If EU deal worked these could be backed with ECB issued euros. If not, rename them drachmas.
July 27, 2015, 07:02:26 PM
even thought I am going to destroy some Bitcoin believer dreams...
Plan B does not mean Bitcoin ... Kappa
Plan B does not mean Bitcoin ... Kappa
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