How Bitcoin CAN SAVE GREECE..
1. Use Blockchain technology to record everything in the PUBLIC AND PRIVATE SECTORS to get rid of corruption.
2. Create a parallel digital currency pegged to Bitcoin, DIGIT DRACHMA, non inflationary and get the 30% of it given to the 30% of the population that is under the poverty line as an insurance for them.
3. Back the digital currency with public assets and make a dividend payment to DIGI DRAC holders, this will boost the price of the currency.
4. My Wife is Greek and says get all the rich people who took their money out to pay a fine in Bitcoin to the Government to help pay off the debt..
5. Tell Europe they will boycott the Euro and use ONLY the digi drac if they don't downsize the unsustainable debt.
Topic: Will Bitcoin 'save' Greece? - page 3. (Read 3678 times)
What is your opinion about Bitcoin & Greece
Many things will happen but we cannot be certain if Bitcoin can make Greece certain again. We all know that Greece has fallen into debts and the value of their money has suffered a downfall after they make a huge debt to finance the wars in their territory. But there is still a way for Greece to come back on its feet and that is to buy more bitcoins so that when the price spikes very high they can exchange it to dollars and pay their debts so they can rise again.
What is your opinion about Bitcoin & Greece
It is totally impossible that bitcoin be the currency of Greece (Greece would be out of EU one day). The currency of one country must be owned by that country. But Greece can do un experiment with a similar coin of bitcoin produced by them and owned by them. It will be a very difficult experiment because bitcoin has some characteristics which made it a little rigid in an economy. If then we have in mind the difficulties in which Greece is that difficulties can be greater. Because for example the new money of Greece, at the first periods of its life, will be inflated (for sure) and the coin like bitcoin is difficult to be inflated. Can be manipulated but e few. Even, theoretically is not inflationable. So the economy of Greece will be in trouble because of that. Then are other factors such is the lack of banknotes but can be solved creating those. But in that case exist again the risk that those can be produced in big amounts (more than the amount of the coins produced or that exist in a given moment) etc.
So far we had 6 exit polls from Greece, and the NO camp is ahead in all of them, by 3% to 4% of the vote. I have noticed a bulk buy deal in BTC-e, and the exchange rate went up from $259 to $263 as soon as the exit poll results came out. Let's wait and watch. It is quite possible that the exchange rate might hit $300 within the next 24 hours. 
I don't know whether Bitcoin will save Greece or not. But definitely, Greece is going to save Bitcoin.
I don't know whether Bitcoin will save Greece or not. But definitely, Greece is going to save Bitcoin.
What is your opinion about Bitcoin & Greece
What do you think?
I think it is too late for greece at this moment, it would be helpful earlier. Greece's problem is not currency right now, it is debt. Additionally, I would like to quote a person from the forum , '' If Greece had money bitcoin was unnecessary , if they didn't have money , bitcoin was unattainable''. So either way , Greece faces a problem.
You can't help Greece as a country with bitcoin, but you can help it's people, well at least those who have some money left, but judging by
unemployment rate, those are very rare at this point. Either way, it would be much better if bitcoin was explained to them before they got into this mess.
We will find out their destiny soon enough:
"The first official projection of the result is expected at 9pm local time (19:00 BST) "
cheers
http://www.welt.de/finanzen/article143523147/Gold-ist-fuer-Griechen-nur-zweitbeste-Flucht-Waehrung.html
"Gold is only the second best Escape Currency for Greece" ... guess what is the first?
"Gold is only the second best Escape Currency for Greece" ... guess what is the first?
What is your opinion about Bitcoin & Greece
What do you think?
I think it is too late for greece at this moment, it would be helpful earlier. Greece's problem is not currency right now, it is debt. Additionally, I would like to quote a person from the forum , '' If Greece had money bitcoin was unnecessary , if they didn't have money , bitcoin was unattainable''. So either way , Greece faces a problem.
I think it is too late for Bitcoin to 'save' Greece, to buy into Bitcoin would require money and it seems that the people of Greece are sadly without money or a lot of it. I would imagine / hope that there would have been a few that moved funds over into Bitcoin a few months ago and would be okay now but a wider adoption I think it might be a bit too far into the crisis.
not to mention that if they start buying bitcoin, they are actually helping bitcoin and not the contrary, the price won't start an up trend only because they begin to buy in big chunk
so greece buying bitcoin will not only not-save them but will enrich bagholder, which will be ready to dump at any time the price will be favorable for them
I think it is too late for Bitcoin to 'save' Greece, to buy into Bitcoin would require money and it seems that the people of Greece are sadly without money or a lot of it. I would imagine / hope that there would have been a few that moved funds over into Bitcoin a few months ago and would be okay now but a wider adoption I think it might be a bit too far into the crisis.
Great article by Nick Szabo about how Bitcoin could realistically help the people in Greece "and other financially handicapped countries"
http://unenumerated.blogspot.ch/2015/07/the-greek-financial-mess-and-some-ways.html
http://unenumerated.blogspot.ch/2015/07/the-greek-financial-mess-and-some-ways.html
Bitcoins will not be able to save greece. greece has gotten into a pit from which a virtual currency cannot pull it up. bitcoins are giving the greece public a sign of hope and rescue but i don't think that alone bitcoin will be able to heal the damage caused by the failed fiat money and the overall economy. the government needs to look for solutions. the only reason that people are relying so much on bitcoins there is that they don't have many options to choose from!
Naked truth is, Bitcoin will not save, will not save, will not save Greece. Bitcoin is only a technology pertaining to digital currency, to implement this technology, proper planning is required and it cannot be made as National currency just in a day due to the bad impact on economy, Greece should move on and push them as it is, when something is falling out of your control, let it fall and let it go, think of you slipped from the rope, while hanging on cliff.
nope. the only thing that can save them is when all countries write off their debts for good, which means greece can have a new start. but that's not going to happen.
Bitcoin, for Greece, a country going through a drastic economical decline, would be a ray of hope for it's people who, at the moment, don't have many options. The question that is whether the bitcoin will save Greece's econony or not is not difficult to answer. Nope it won't. the fiat money has failed it's people and bitcoins also need to be earned. I doubt people will be able to earn bitcoins.
Bitcoin is a decentralized crypto-currency with very less collapse risk, easiest to carry and helps eliminate hefty bank transaction fees. It could save Greece, yeah..months back. Now Greece has already fucked itself up. Bitcoin can be of no possible aid at this moment to Greece, it could however help to avoid a little collateral damage but the arrangements and resources required for that to happen would be something Greece would never consider, neither should they.
Yeah man, it would have really put up a great huge bandaid over the bullshit which came its way, if government did anything regarding bitcoins in GReece but now, that shit doesn't matter. The shit is such enormous now, that its hit the fan. Its spread on the walls and the economy is covered with complete shit. The only way any conclusions could be drawn, would be to wait out for 3 more days. Major events happening
Bitcoin is a decentralized crypto-currency with very less collapse risk, easiest to carry and helps eliminate hefty bank transaction fees. It could save Greece, yeah..months back. Now Greece has already fucked itself up. Bitcoin can be of no possible aid at this moment to Greece, it could however help to avoid a little collateral damage but the arrangements and resources required for that to happen would be something Greece would never consider, neither should they.
must exit from the EU, and establish the Bitcoin Alliance!
They wouldn't let Greece leave EU easily otherwise the Euro and European will be hit severely! If that happened, Greece would issue their own fiat currency, not bitcoin! they are there about to exit, there is no more chances for them to recover, also i cannot understand how other country would be hit severally, i believe it's the contrary, the grexit will favor other countries that need money that they can return, not like greece that has defaulted
also remember that it's their government that decide, not the citizzens, so while the citizens may want bitcoin, their Gov will not follow a way for a decentralized currency
Bitcoin cannot save Greece. As many people said in the forums, me included, Greece's problem is not currency... It's debt. Bitcoin wouldn't solve their problem!
Absolutely! Debt is just the surface of the issues they are facing. The inherence is that their economy is not running properly and producing value for then. So they keep borrowing money one by one! But it will never end if the underlying issues are not solved. I don't know whether the international creditors understand it. Just like one saying "teach poor how to fish instead of giving fish to them "! must exit from the EU, and establish the Bitcoin Alliance!
They wouldn't let Greece leave EU easily otherwise the Euro and European will be hit severely! If that happened, Greece would issue their own fiat currency, not bitcoin! 
I don't expect a virtual currency like bitcoin to "SAVE" Greece and lift it up from the dirt it has pushed itself into. the fiat money has done a LOT of damage to their economy already and which cannot be healed using bitcoins. Also, bitcoin is a CURRENCY afterall. you don't pluck them from the clouds, you need to work for them and that is what's not happening in Greece.
Jump to: