Will Bitcoin 'save' Greece? - page 4.

AtheistAKASaneBrain

hero member

Activity: 770

Merit: 509

Quote from: TinEye on July 01, 2015, 06:44:14 AM

on the contrary, greece will help bitcoin , because other country will learn the lesson about what happened to their government, and and begin to adopt a more conservative approach toward their money, therefore holding money in bank, will lose priority, and other alternative will emerge for them, one of this alternative is definitely bitcoin

Well lets see what Tsipras does. I think he will finally give up and start coping with the situation. He's on a dead end already, I don't think they have the balls to leave the Euro like that, let alone start officially using Bitcoin. I don't think any government is smart (or honest) enough to use BTC for their endeavors.

TinEye

hero member

Activity: 639

Merit: 500

on the contrary, greece will help bitcoin , because other country will learn the lesson about what happened to their government, and and begin to adopt a more conservative approach toward their money, therefore holding money in bank, will lose priority, and other alternative will emerge for them, one of this alternative is definitely bitcoin

Mieehayii

hero member

Activity: 490

Merit: 500

must exit from the EU, and establish the Bitcoin Alliance!

EternalWingsofGod

hero member

Activity: 700

Merit: 500

At the minimums though there will be some capital flight into alternative investments now that the IMF payment is officialy defaulted.
While not technically in default (In arrears being the term presently used) I do not see the average Greek person wanting to keep their money in the Banking system.

The question that to me seems interesting is if they truly Bankrupt and do an Iceland perhaps they will see a real economic recovery instead of following the bank dogma of too big to fail, it's rarely mentioned but Iceland has made one powerful economic recovery since defaulting.

evenlydistributingfuture

newbie

Activity: 56

Merit: 0

BTC doesn't strike me as being a white knight riding in to save Greece. Besides the problem having to do with debt levels and government obligations, it's also too deeply rooted to solve quickly in any way. Greece is just going to be on the ropes for a while. I don't know where their silver lining could be.

White sugar

legendary

Activity: 1232

Merit: 1005

My opinions is only 1% of Greeks know about BTC and the other just ignore it, including all people that might have an influence about BTC being accepted by Greece.

And that Greece has no short term salvation

Cluster2k

legendary

Activity: 1692

Merit: 1018

Greece needs access to fiat currency right now. Bitcoin is the exact opposite of what the country needs right now. Highly volatile in value, can't be created at whim, not controlled by a friendly central bank.

aso118

legendary

Activity: 1918

Merit: 1012

★Nitrogensports.eu★

Quote from: lorylore on June 30, 2015, 05:50:39 PM

Even if the Greeks themselves aren't responsible for the sudden rise in the Bitcoin price, it doesn't mean the Greek debt crisis isn't driving it…

Absolutely.
Fear of the contagion effect, uncertainty about Grexit's impact on Europe, etc may drive people to buy bitcoins. Even people in China and Russia could be buying bitcoins because of the Greek debt crisis.

ticoti

hero member

Activity: 854

Merit: 1000

It is not really known there,and it has not produced many impact on bitcoin,maybe now some people is hearing about it, but it will not reach to many people

BADecker

legendary

Activity: 3906

Merit: 1373

Greece is a German Civil Law country. This essentially means that the government rules, and that there isn't any freedom except what the government allows. Does the government of Greece allow Bitcoin?

If the people don't take the government down en masse, the government is dictator. If the government is smart, they will do what it takes to keep the people appeased enough that there is no revolution. This means some Bitcoin, but not enough to make any real difference.

vendetahome

hero member

Activity: 658

Merit: 500

oh i did not even know that greece case will increase the price of bitcoins so much, i think i need to pay more attention what happens in politics these days

ingiltere

legendary

Activity: 2982

Merit: 1485

Quote from: CEG5952 on June 30, 2015, 05:48:09 PM

Greece has already reached its limits. Their debt in IMF is already close on deadline or as I type this statement, they're already pass the deadline. Bitcoin can't do anything about their debt.

Quote from: Xialla on June 30, 2015, 05:44:52 PM

nope for sure, and here is why:

Code:

If Greeks already have cash in hand, bitcoin is unnecessary. If they don’t, then bitcoin is unattainable. It’s a bank liquidity crisis.

source: https://twitter.com/aantonop/status/615571506630905856

they just have debts and EU (Germany) simply don't want to fund this party anymore. anyway, true madness will start, once they we regain access to their money in banks again..

I mean who would fund Greece? They can't even pay the interest.

It's a long shot but Turkey may loan money to Greece.
Turkish Prime minister says "We paid our debt to IMF and now we're in a position to loan money to IMF". Also current PM said that "Greek people may come and work in Turkey". So I guess current Turkish gov may loan money. If they don't pay debt then maybe we have some of the islands in Aegean sea

lorylore

legendary

Activity: 1470

Merit: 1002

Even if the Greeks themselves aren't responsible for the sudden rise in the Bitcoin price, it doesn't mean the Greek debt crisis isn't driving it…

CEG5952

hero member

Activity: 658

Merit: 500

Buy and sell bitcoins,

Greece has already reached its limits. Their debt in IMF is already close on deadline or as I type this statement, they're already pass the deadline. Bitcoin can't do anything about their debt.

Quote from: Xialla on June 30, 2015, 05:44:52 PM

nope for sure, and here is why:

Code:

If Greeks already have cash in hand, bitcoin is unnecessary. If they don’t, then bitcoin is unattainable. It’s a bank liquidity crisis.

source: https://twitter.com/aantonop/status/615571506630905856

they just have debts and EU (Germany) simply don't want to fund this party anymore. anyway, true madness will start, once they we regain access to their money in banks again..

I mean who would fund Greece? They can't even pay the interest.

Xialla

legendary

Activity: 1036

Merit: 1001

/dev/null

nope for sure, and here is why:

Code:

If Greeks already have cash in hand, bitcoin is unnecessary. If they don’t, then bitcoin is unattainable. It’s a bank liquidity crisis.

source: https://twitter.com/aantonop/status/615571506630905856

they just have debts and EU (Germany) simply don't want to fund this party anymore. anyway, true madness will start, once they we regain access to their money in banks again..

unamis76

legendary

Activity: 1512

Merit: 1012

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!

ingiltere

legendary

Activity: 2982

Merit: 1485

No it's not.
They're run out "fiat money" that's why they have economical crysis. Why're they moneyless? Because they don't "work", they don't "produce", so they don't "export products" to have money.
Even if they adopt bitcoin they have to work to get bitcoin. Problem is that they don't work.

They need Merkel's (Germans' Discipline)

croTek4

sr. member

Activity: 392

Merit: 250

the Cat-a-clysm.

Quote from: gustav on June 30, 2015, 05:10:13 PM

btc isn't helping greece people at all with this volatility and the incoming doom with the gavincoin-attack. Marketcap could evaporate within a day or two. It's not helping anyone with Gavin attacking it in the background.

I think greek people will go back using silver and gold other things as currency. Maybe still the euro after leaving euro zone or Us-Dollar. There is enough tangible options for greeks. No need for them to mess with this digital stuff which most of them would delete anyways.

Greeks will go with Euro, Ruble, Us-Dollar, Silver, Cigarettes and Ouzo for currency but not bitcoin (thanks to latest drama surrounding Gavin)

For some reason I don't think you intended the focal point of your post to be on Greece.

gustav

hero member

Activity: 602

Merit: 500

btc isn't helping greece people at all with this volatility and the incoming doom with the gavincoin-attack. Marketcap could evaporate within a day or two. It's not helping anyone with Gavin attacking it in the background.

I think greek people will go back using silver and gold other things as currency. Maybe still the euro after leaving euro zone or Us-Dollar. There is enough tangible options for greeks. No need for them to mess with this digital stuff which most of them would delete anyways.

Greeks will go with Euro, Ruble, Us-Dollar, Silver, Cigarettes and Ouzo for currency but not bitcoin (thanks to latest drama surrounding Gavin)

batesresearch

legendary

Activity: 2424

Merit: 1148

Quote from: iliasyaco on June 30, 2015, 04:18:02 PM

Well i think their money is on the bank, where it can still be seized. it only helps the one who already got bitcoin.. Cry

Very true! Maybe we need to start to investigate how we could build the right system to help people like the Greek understand how Bitcoin can help them.

Topic: Will Bitcoin 'save' Greece? - page 4. (Read 3678 times)