I've long considered a country to back bitcoin as a second currency. I couldn't think about Greece though. I mean; imagine that every citizen would have to pay -inside the country- in Bitcoin.
Then every person wanted something that Greece produces would have to pay in Bitcoin (exports). The debt would be in Euro, but Gresham's law is relentless. I'm sure Varoufakis is smart enough to think this long before I did; but still, I don't know if it's feasible for such a policy to be formalized in Greece under the current circumstances.
I think the EU won't let it happen.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 22795. (Read 26713739 times)
February 24, 2015, 10:48:08 AM
February 24, 2015, 10:43:48 AM
Maybe you guys have missed this article from the Guardian...
http://www.theguardian.com/commentisfree/2015/feb/22/can-a-parallel-digital-currency-solve-the-greek-financial-crisis
TL;DR
Varoufakis may have considered a parallel "bitcoin-like" tax currency.
If things go badly for Greece, finance minister Yanis Varoufakis has said he would consider creating a parallel digital currency, using Bitcoin’s digital security and transparency, but doing the exact opposite of what the money fundamentalists intend.
Well, it won't be boring...
http://www.theguardian.com/commentisfree/2015/feb/22/can-a-parallel-digital-currency-solve-the-greek-financial-crisis
TL;DR
Varoufakis may have considered a parallel "bitcoin-like" tax currency.
If things go badly for Greece, finance minister Yanis Varoufakis has said he would consider creating a parallel digital currency, using Bitcoin’s digital security and transparency, but doing the exact opposite of what the money fundamentalists intend.
Well, it won't be boring...
Saw that, interesting.
No, its not. Thats just plain BS. Pointless political gesticulations.
Like how they are just backing up for 4 miserable months of further debt.
Truely pathetic.
meh... it is interesting that Blockchain tech is being talked about in these contexts (and being covered by the guardian) is all I meant.... I do not think they are likely to actually do anything like this anytime soon.
February 24, 2015, 10:41:34 AM
Maybe you guys have missed this article from the Guardian...
http://www.theguardian.com/commentisfree/2015/feb/22/can-a-parallel-digital-currency-solve-the-greek-financial-crisis
TL;DR
Varoufakis may have considered a parallel "bitcoin-like" tax currency.
If things go badly for Greece, finance minister Yanis Varoufakis has said he would consider creating a parallel digital currency, using Bitcoin’s digital security and transparency, but doing the exact opposite of what the money fundamentalists intend.
Well, it won't be boring...
http://www.theguardian.com/commentisfree/2015/feb/22/can-a-parallel-digital-currency-solve-the-greek-financial-crisis
TL;DR
Varoufakis may have considered a parallel "bitcoin-like" tax currency.
If things go badly for Greece, finance minister Yanis Varoufakis has said he would consider creating a parallel digital currency, using Bitcoin’s digital security and transparency, but doing the exact opposite of what the money fundamentalists intend.
Well, it won't be boring...
Saw that, interesting.
No, its not. Thats just plain BS. Pointless political gesticulations.
Like how they are just backing up for 4 miserable months of further debt.
Truely pathetic.
February 24, 2015, 10:41:03 AM
Maybe you guys have missed this article from the Guardian...
http://www.theguardian.com/commentisfree/2015/feb/22/can-a-parallel-digital-currency-solve-the-greek-financial-crisis
TL;DR
Varoufakis may have considered a parallel "bitcoin-like" tax currency.
If things go badly for Greece, finance minister Yanis Varoufakis has said he would consider creating a parallel digital currency, using Bitcoin’s digital security and transparency, but doing the exact opposite of what the money fundamentalists intend.
Well, it won't be boring...
http://www.theguardian.com/commentisfree/2015/feb/22/can-a-parallel-digital-currency-solve-the-greek-financial-crisis
TL;DR
Varoufakis may have considered a parallel "bitcoin-like" tax currency.
If things go badly for Greece, finance minister Yanis Varoufakis has said he would consider creating a parallel digital currency, using Bitcoin’s digital security and transparency, but doing the exact opposite of what the money fundamentalists intend.
Well, it won't be boring...
I hope he doesn't try to make a competing alt to bitcoin. Possibly bullish for bitcoin in the short term but I think that would be bad for Greece in the longer term when considering this: http://www.joecoin.com/2015/02/crypto-20-and-other-misconceptions.html
February 24, 2015, 10:38:42 AM
Maybe you guys have missed this article from the Guardian...
http://www.theguardian.com/commentisfree/2015/feb/22/can-a-parallel-digital-currency-solve-the-greek-financial-crisis
TL;DR
Varoufakis may have considered a parallel "bitcoin-like" tax currency.
If things go badly for Greece, finance minister Yanis Varoufakis has said he would consider creating a parallel digital currency, using Bitcoin’s digital security and transparency, but doing the exact opposite of what the money fundamentalists intend.
Well, it won't be boring...
http://www.theguardian.com/commentisfree/2015/feb/22/can-a-parallel-digital-currency-solve-the-greek-financial-crisis
TL;DR
Varoufakis may have considered a parallel "bitcoin-like" tax currency.
If things go badly for Greece, finance minister Yanis Varoufakis has said he would consider creating a parallel digital currency, using Bitcoin’s digital security and transparency, but doing the exact opposite of what the money fundamentalists intend.
Well, it won't be boring...
Saw that, interesting.
Things have been seemingly normalized for the time being, so such a scenario is rather distant, but... it could be really funny to see what happens when such a coin emerges.
February 24, 2015, 10:35:24 AM
Maybe you guys have missed this article from the Guardian...
http://www.theguardian.com/commentisfree/2015/feb/22/can-a-parallel-digital-currency-solve-the-greek-financial-crisis
TL;DR
Varoufakis may have considered a parallel "bitcoin-like" tax currency.
If things go badly for Greece, finance minister Yanis Varoufakis has said he would consider creating a parallel digital currency, using Bitcoin’s digital security and transparency, but doing the exact opposite of what the money fundamentalists intend.
Well, it won't be boring...
http://www.theguardian.com/commentisfree/2015/feb/22/can-a-parallel-digital-currency-solve-the-greek-financial-crisis
TL;DR
Varoufakis may have considered a parallel "bitcoin-like" tax currency.
If things go badly for Greece, finance minister Yanis Varoufakis has said he would consider creating a parallel digital currency, using Bitcoin’s digital security and transparency, but doing the exact opposite of what the money fundamentalists intend.
Well, it won't be boring...
Saw that, interesting.
February 24, 2015, 10:31:54 AM
Maybe you guys have missed this article from the Guardian...
http://www.theguardian.com/commentisfree/2015/feb/22/can-a-parallel-digital-currency-solve-the-greek-financial-crisis
TL;DR
Varoufakis may have considered a parallel "bitcoin-like" tax currency.
If things go badly for Greece, finance minister Yanis Varoufakis has said he would consider creating a parallel digital currency, using Bitcoin’s digital security and transparency, but doing the exact opposite of what the money fundamentalists intend.
Well, it won't be boring...
http://www.theguardian.com/commentisfree/2015/feb/22/can-a-parallel-digital-currency-solve-the-greek-financial-crisis
TL;DR
Varoufakis may have considered a parallel "bitcoin-like" tax currency.
If things go badly for Greece, finance minister Yanis Varoufakis has said he would consider creating a parallel digital currency, using Bitcoin’s digital security and transparency, but doing the exact opposite of what the money fundamentalists intend.
Well, it won't be boring...
February 24, 2015, 10:26:17 AM
Do you know who the auction winners will be, at what price they will win the auctions and what they intend to do with the bitcoins?
They will be the ones not buying 50,000 BTC on exchanges.Get it now?
The markets, open and private, are all connected. If there was a significant spread between OTC and the exchanges, brokers would immediately start buying on one and selling on the other.
The US government is reducing their holdings of bitcoins by 50'000 BTC. The rest of the market will have to increase e holdings by that much. The price will necessarily end up lower than it would be if the US government had continued to hold the coins.
The only question is whether that effect has already been "priced in", or, on the contrary, it will be delayed by weeks or months. The first 30'000 BTC apparently went into cold storage again, so their effect was only to suppress some buys that Tim Draper could have done in the following months, if and when Vaurum needed them. The next 50'000 mostly went to many small buyers who could not afford to bid for 2000 BTC; some of them may have been selling those coins on the exchanges, others just decreased their buying there.
February 24, 2015, 10:13:02 AM
After 14 days, the price was higher than before Silk Road was shut down. Then the price increased 10x in two months.
... for completely unrelated reasons, on the other side of the planet, where no one would think of buying drugs on SilkRoad ...
February 24, 2015, 10:09:53 AM
...
I don't get it.
Do you know who the auction winners will be, at what price they will win the auctions and what they intend to do with the bitcoins?
I don't get it.
Do you know who the auction winners will be, at what price they will win the auctions and what they intend to do with the bitcoins?
They will be the ones not buying 50,000 BTC on exchanges.
Get it now?
Sorry,
I didn't know whales used exchanges for these figures.
No, they look for the most expensive & inconvenient way to buy BTC, and then they buy. Because it's sortofa status symbol with them: "check it, G, I spent more on this Bitcoin than you make in a year lol."
Sorry for my late reply I had some work to handle.
So it is like; Lets use and pay a middleman since I don't need one?
Oh, they hate the middleman, those whales. They always pay at least double the market for BTC just to avoid paying the middleman. And to show the other whales they're living large.
It's a whale thing.
February 24, 2015, 10:02:05 AM
was a big battle for 240 this morning but it did not break through. i think maybe will break through soon .
February 24, 2015, 10:01:08 AM
...
I don't get it.
Do you know who the auction winners will be, at what price they will win the auctions and what they intend to do with the bitcoins?
I don't get it.
Do you know who the auction winners will be, at what price they will win the auctions and what they intend to do with the bitcoins?
They will be the ones not buying 50,000 BTC on exchanges.
Get it now?
Sorry,
I didn't know whales used exchanges for these figures.
No, they look for the most expensive & inconvenient way to buy BTC, and then they buy. Because it's sortofa status symbol with them: "check it, G, I spent more on this Bitcoin than you make in a year lol."
Sorry for my late reply I had some work to handle.
So it is like; Lets use and pay a middleman since I don't need one?
February 24, 2015, 09:59:30 AM
February 24, 2015, 09:37:46 AM
...
I don't get it.
Do you know who the auction winners will be, at what price they will win the auctions and what they intend to do with the bitcoins?
I don't get it.
Do you know who the auction winners will be, at what price they will win the auctions and what they intend to do with the bitcoins?
They will be the ones not buying 50,000 BTC on exchanges.
Get it now?
Sorry,
I didn't know whales used exchanges for these figures.
No, they look for the most expensive & inconvenient way to buy BTC, and then they buy. Because it's sortofa status symbol with them: "check it, G, I spent more on this Bitcoin than you make in a year lol."
February 24, 2015, 09:34:28 AM
War of the walls going on on Finex at the moment!
February 24, 2015, 09:32:05 AM
...
I don't get it.
Do you know who the auction winners will be, at what price they will win the auctions and what they intend to do with the bitcoins?
I don't get it.
Do you know who the auction winners will be, at what price they will win the auctions and what they intend to do with the bitcoins?
They will be the ones not buying 50,000 BTC on exchanges.
Get it now?
Sorry,
I didn't know whales used exchanges for these figures.
February 24, 2015, 09:29:54 AM
Thankfully, the Silk Road was eventually shutdown - the price of the bitcoin dropped immediately and sharply (though today reincarnations of this dark bazaar now exist).
After 14 days, the price was higher than before Silk Road was shut down. Then the price increased 10x in two months.
February 24, 2015, 09:25:10 AM
February 24, 2015, 09:10:22 AM
no liquidity on that thing
One thing I must admit, their charts are cute. "Mohawk" chart style?
Bitcoin.de isn't working like the other exchanges. There isn't a trading engine which tries to resolve your order the best way possible. Two individuals agree with each other on a price and a btc-amount. The seller deposits his BTC at bitcoine.de. Then the real money travels from one bank account to the other. After that, both mark the trade as successfull, bitcoin.de takes their fee from the BTCs of the seller and transfers the rest to the buyer.
This way, you could always trade a btc for 10000€ with a friend and fake some spikes, while Bitcoin.de is happy about the fees for this no-op order you both don't really have to transfer the money.
February 24, 2015, 09:10:12 AM
Quote
Matt Mullenweg Co-founder of WordPress
Where did you try to contact us for comment? Didn't see anything yet.
We're still big believers in Bitcoin, but we're doing some major refactoring and streamlining of our checkout process right now and Bitcoin is lower in priority since it's relatively low volume compared to our more traditional transaction options.
We will definitely keep in mind adding Bitcoin support back in the future.
Where did you try to contact us for comment? Didn't see anything yet.
We're still big believers in Bitcoin, but we're doing some major refactoring and streamlining of our checkout process right now and Bitcoin is lower in priority since it's relatively low volume compared to our more traditional transaction options.
We will definitely keep in mind adding Bitcoin support back in the future.
A very polite way of saying "we don´t want to be associated with this pyramid anymore".
LOL, I'm really enjoying this troll, to be honest. Keep posting, entertain us more in this depressed market
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