Will Bitcoin 'save' Greece? | Bitcointalksearch.org

Yamifoud

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Quote from: Kronos21 on November 19, 2017, 01:04:21 PM

Bitcoin will not save Greece. The trouble with Greeks is that they do not like and do not want to work. In such circumstances, bitcoin will help you? The Greeks always jealous of the Germans, but they do not want to work as the Germans. Bitcoin is not a magic wand. This is an opportunity to show your skills, but you need to put a lot of work.

Exactly, the only thing that can resolve their financial crisis is the government itself. Bitcoin is just a currency, not evem a tool to resolve that big problem they are facing right now.
And the big problem is that, their people don't have any force to take into this. If the government leaders will change their mind and open for the opinions of their people, then it might help to resolve it immediately.

Rinder

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Greece were an example how the bad management of fiat can lead to panic and deep financial issues, there are more countries wich can face similiar problems into the future, soo taking Greece as example i would start storing some money into bitcoin to avoid the problems that are coming. Bitcoin could had save them if they had adopt it and legalized before the crash, now its too late and they need to change their structure. Even being possible to buy bitcoin the country is into financial issues wich wont be easy to recover at all.

Kronos21

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Bitcoin will not save Greece. The trouble with Greeks is that they do not like and do not want to work. In such circumstances, bitcoin will help you? The Greeks always jealous of the Germans, but they do not want to work as the Germans. Bitcoin is not a magic wand. This is an opportunity to show your skills, but you need to put a lot of work.

Hazaki

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Bitcoin wasn't built or designed to save a particular group of persons or country . It was for a more common purpose , to provide security , freedom and jobs for people all around the world . Persons that are having their skills unused due to not being able to work at their countries or regions . It was built to unite all the world under one coin and destroy currency barriers between countries . To make people who live in countries that are highly damaged by inflation , to make them able to purchase from internet and get help from outside ! So we really can't ask what will bitcoin do to Greece , Nigeria or Canada , this currency has no country , no religion and is not under the control of any government nor made to save any country !

mOgliE

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Hi,

My opinion is that bitcoin may help Greece but the issue is deeper. This country has a structural problem with its economy!

Bitcoin is not a fairy, creating wealth and ending up problems. Bitcoin may be part of the solution but it cannot be enough in itself.

Bitcoin is not a miracle creation, it is a technical improvement!

Hamstead

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Quote from: Malaya on November 19, 2017, 07:07:14 AM

The probability of bitcoin to "save" Greece is most likely to happened depends on what strategy will be used to gain somehow their economic standing. Indeed Greece is experiencing economic depression for how many years and the idea of bitcoin to be also used in this nation could be of help. People can now start investing away from the influence of their banks but of the use of crypto currencies.

Just only a hope and there is no assurance that it will give a huge impact to the people of Greece. In fact there is no updates that bitcoin will be accepted by their government and also doubted that their citizens will go for this.

Bitcoin is not the only solution for economics crisis in Greece and yet, we cant totally depend on bitcoin alone. Economics stability is totally depend on our self and also by the jobs program that is being supported by the government. But if the government will after this bitcoin opportunity maybe we can consider that there is a chances to fight against crisis surge.

creeps

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Quote from: stompix on July 10, 2017, 07:16:11 AM

Quote from: Ultegra134 on July 08, 2017, 03:16:58 AM

The currency isn't that of an issue, Greece shouldn't have entered the EU but that's another story.
Not to mention that only a small percentage of Greeks know about Bitcoin and an even smaller use it.

It's the EU who shouldn't have accepted Greece not the other way around.
Nothing, nothing will ever save Greece.

This country is the one that invented state bankruptcy.
They went bankrupt when it was only Athens, they went bankrupt as an roman and then ottoman colony they did it 6 times since their independence.

Give the tax avoiding greeks a new tool in their inventory and you will see where this will go

Bitcoin can't save Greece, I agree that Greece and its government failed to prevent it because of many reason. But still believe that Greece can survive it just need a full restoration of faith in the part of investors and also the government should work harder to save the country, at the end we all humans here and we should help countries like Greece to survive.

Malaya

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The probability of bitcoin to "save" Greece is most likely to happened depends on what strategy will be used to gain somehow their economic standing. Indeed Greece is experiencing economic depression for how many years and the idea of bitcoin to be also used in this nation could be of help. People can now start investing away from the influence of their banks but of the use of crypto currencies.

alani123

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Bitcoin didn't do well in saving any country to be exact. Thing is, bitcoin's blockchain can not scale for adoption on a state wide level, even if that state was going to be Greece, with 10m residents. Can you imagine the transactions of so many people having to be cleared through a blockchain? The fees would quickly rise above the cost of day to day cash transactions.

Kiweikoo

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Quote from: Ultegra134 on July 08, 2017, 03:16:58 AM

The currency isn't that of an issue, Greece shouldn't have entered the EU but that's another story.
Not to mention that only a small percentage of Greeks know about Bitcoin and an even smaller use it.

Yes it can help the Greece a bit, they are using it and getting advantage of it. Morever it is just a simple currency like dollar and riyal but is just a digital currency and can help them upto the payment procedure and can improve their economy a bit. If they want so only they can save themselves in a best way because a nation can only be changed if they want to change themselves.

doreraj

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maybe if they will gone out euro zone and back to their previous fiat money or some new type,in that case they can somehow close they credits, but to my mind BTC is not ready for it's role today...
in khan academy the are some videos on this topic mean the crisis and how it possible to solve it..

Webetcoins

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Quote from: hastag_80 on November 12, 2017, 08:03:47 AM

Quote from: iliasyaco on June 30, 2015, 04:05:28 PM

What is your opinion about Bitcoin & Greece

I don't know what happen to the economy in greece now,or they agonizing the tax evasion,forged etc.but definetly bitcoin can help fix this problem in greece even those germany can make a small china in european countries. with the help of digital currency maybe greece will rise up from drowning,and return the monopoly back to normal,without the shadow of german currency.

No one can ever predict the bitcoin and they are not aware of the bitcoin what will happen and what will not happen now in my country the bitcoin has a lot of the sites and the this is the steady way to the succeeds of the bitcoin I am very sure soon the bitcoin will have the price nearly equal to the 45000$ so the bitcoin is the highest currency and it is the use of the bitcoin now such as the Greece.

hastag_80

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Quote from: iliasyaco on June 30, 2015, 04:05:28 PM

What is your opinion about Bitcoin & Greece

I don't know what happen to the economy in greece now,or they agonizing the tax evasion,forged etc.but definetly bitcoin can help fix this problem in greece even those germany can make a small china in european countries. with the help of digital currency maybe greece will rise up from drowning,and return the monopoly back to normal,without the shadow of german currency.

qiman

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Quote from: Ultegra134 on July 10, 2017, 02:59:37 PM

Greece's state is not purely Greece's fault. Tax evasion and whatever is said on the TV has nothing to do with the current state. If you check inflation charts, the GDP was
a lot lower before we entered the EU, the statistic analysis that was made for Greece to join was indeed forged, but the EU already knew that. Germany wanted as much population
as possible to be able to antagonize with USD, adding more and more countries to the Eurozone was mandatory for it to be accomplished.
It's possible that Germany wants to have a "small China" inside Europe (Portugal, Greece, Italy, Spain), with cheap wages, lower shipping costs and so on.

I agree in many ways that Germany has colonized most of Southern Europe. This is not NEW though, my Wife is Greek and we have both been studying Greek History and Germany has had it's foot in Greece since the war of Independence in 1821 and once KING OTTO was put on the thrown in Greece, that changed the course of History for Greeks forever.
Now it's KING SOIMBLE on the thrown and he pulls the strings. I sincerely hope the Greek People will become like my Wife and adopt Bitcoin and digital currency as their exit from this colonial strangulation. Of course tax evasion and corruption are illnesses in the economy that need to be addressed. I believe Blockchain technology can remedy this. If the Greek Government and other bodies adopt Blockchain technology to weed out all the corruption, this will lift up Greece from the Inside. I am Chinese and it's thanks to my Greek Wife I found Bitcoin. This is a new world revolution happening NOW for all those that truly want to be fre. Oh and by the way her name is ELEFTHERIA, which means freedom in Greek I believe. Cheesy

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Quote from: Novun on July 10, 2017, 02:47:36 PM

Germany exports a ton of stuff, they export more than China with a fraction of the population.

Oh, then we should punish those nasty Germans who make things that people love to buy.
Also for their productivity , imagine the crime, 80 millions germans doing more than 1 billion chinese.
Oh , the outrage.

I propose as a solution that no European should produce more than one Somali.
Whoever does this should be shot!!!.

Quote from: adam1230 on July 22, 2017, 08:40:02 AM

Yes i agree that Greece problem is a currency problem. The biggest mistake was accepting EURO as currency.
European Union is build for Germany and France thats why Brexit happens. And UK never entered to EURO zone.

You realize that adopting bitcoin will have the same effect , don't you?

alani123

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Bitcoin "failed" to save Greece quite a long time ago. I don't think that Bitcoin was made to be a currency on a state level and as it is hard to adopt it never had any success in the Greek economy.

adam1230

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Yes i agree that Greece problem is a currency problem. The biggest mistake was accepting EURO as currency.
European Union is build for Germany and France thats why Brexit happens. And UK never entered to EURO zone.

But unfortunately Bitcoin will not save Greece.
Greece people must learn to work like slave. Only way to survive is working.
With a huge debt problem Greece will remain the worst economy in EU.

Ani1985

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I hope the presence of bitcoin can be a new hope for many countries in order to overcome the economic crisis as experienced by the Greek state and help poor countries.

Ultegra134

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Greece's state is not purely Greece's fault. Tax evasion and whatever is said on the TV has nothing to do with the current state. If you check inflation charts, the GDP was
a lot lower before we entered the EU, the statistic analysis that was made for Greece to join was indeed forged, but the EU already knew that. Germany wanted as much population
as possible to be able to antagonize with USD, adding more and more countries to the Eurozone was mandatory for it to be accomplished.
It's possible that Germany wants to have a "small China" inside Europe (Portugal, Greece, Italy, Spain), with cheap wages, lower shipping costs and so on.

Hydrogen

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I always wonder if greece and venezuela represent the future of the united states, UK and europe.

Greece and venezuela are the net result of nations attempting to tax and spend their way out of deficit and debt.

The USA and europe may not have reached a point of insolvency yet.

As things stand, its only a matter of time before we're in the same circumstances that venezuela and greece are.

Novun

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Nothing can help Greece at this point. It is the vested interest of Germany that any country who adopted the Euro does poorly. The weaker these countries are economically the better for Germany.
Germany exports a ton of stuff, they export more than China with a fraction of the population. When you export a lot your currency becomes stronger. If your currency becomes stronger you will get less money for your exported goods. But if you make poor countries adopt your currency it will get weaker.
The whole point of creating the euro and destroying Greece was to keep the value of the German currency down. This was a planned attack by the German banks and the German government.

bitbunnny

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Greece can't be saved and certainly not with Bitcoins. Greece has chosen its own way and doesn't want to change to achieve economic stability. They always need more and more money but nothing is actualy changing and going for the better.
Bitcoin can maybe help some individual Greecks who will now how to use it the right way but it can't help the entire country.

stompix

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Quote from: Ultegra134 on July 08, 2017, 03:16:58 AM

The currency isn't that of an issue, Greece shouldn't have entered the EU but that's another story.
Not to mention that only a small percentage of Greeks know about Bitcoin and an even smaller use it.

It's the EU who shouldn't have accepted Greece not the other way around.
Nothing, nothing will ever save Greece.

This country is the one that invented state bankruptcy.
They went bankrupt when it was only Athens, they went bankrupt as an roman and then ottoman colony they did it 6 times since their independence.

Give the tax avoiding greeks a new tool in their inventory and you will see where this will go

Ultegra134

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The currency isn't that of an issue, Greece shouldn't have entered the EU but that's another story.
Not to mention that only a small percentage of Greeks know about Bitcoin and an even smaller use it.

Ani1985

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It seems still difficult to prove, the country's economic problems are very complex and bitcoin may not be the sole solution for greece.

nightrider

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Quote from: iliasyaco on June 30, 2015, 04:05:28 PM

What is your opinion about Bitcoin & Greece

I do not know much about this country, what I know it is a developed country, a modern country. I think it will be more bitcoin friendly than many other countries.

que91

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In my opinion, Bitcoin can't helps Greece to escape the crisis, you can see the value of Bitcoin always have strong fluctuations everyday, and not safe or stable FIAT (with Greece, use EUR).
Bitcoin just a platform technology for helps make transaction country to country fast, easy, safe and privacy Wink

megynacuna

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Quote from: Kronos21 on July 07, 2017, 08:28:24 AM

Bitcoin will not save Greece. Bitcoin is a way to earn for those who want to work and doesn't have enough sentences. The Greeks are lazy. They used to not work and thus have high income and many different benefits. They nobody will give you bitcoins credit, and earn they do not want. It is better to ask for loans in Euros.

Yes I think the European Union together with European banks are primarily responsible for getting Greece out of this indebtedness and meltdown and so depends on which procedures they will decide to use but Bitcoin Can be an option even though it might not necessarily do more than what they can use the " euro" to do for Greece.

qiman

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Quote from: bryant.coleman on July 05, 2015, 11:45:48 AM

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. Grin

I don't know whether Bitcoin will save Greece or not. But definitely, Greece is going to save Bitcoin. Grin

Greeks more and more are getting interested in Bitcoin and alternative digital currency. If Greeks wake up and use Bitcoin and other altcoin platforms to crowd fund business ventures and ideas to generate more wealth and jobs in the Country, it might have a positive impact. Only the Greeks themselves can save their own country, Bitcoin would just be a tool to help them do so. My Wife is Greek and she says the Greek Victim Mindset must change, then so will the country. I think she is right. Greeks are very clever people by nature, but are bogged down by mindset issues and German Colonization.

Kronos21

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Bitcoin will not save Greece. Bitcoin is a way to earn for those who want to work and doesn't have enough sentences. The Greeks are lazy. They used to not work and thus have high income and many different benefits. They nobody will give you bitcoins credit, and earn they do not want. It is better to ask for loans in Euros.

v0rtecxz

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I think it is impossible, bitcoin can not save the Greek state, because what we know now the Greeks in big trouble, Greece has a very big debt problem, like where the country can buy some bitcoint while the economy is in bad state, I think Bitcoin Only will Help those people too, few know about bitcoin, they redeem some of their money into bitcoin as their reserves to avoid the existing crisis.

olubams

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Quote from: iliasyaco on June 30, 2015, 04:05:28 PM

What is your opinion about Bitcoin & Greece

The issue of of Greece has really gone to the head with several experts and policies failed to sort out the issue which has been ravaging them for long which is why I am of the school of thought that another alternative should be explored although I don't know how bitcoin will be of help but if that's is the only alternative to put this issue to rest, then there is no harm in trying whatsoever.

mariahh

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Quote from: croTek4 on June 30, 2015, 04:08:32 PM

At this point its too late for anything to save Greece, fiat currency has already done its damage. It may push some people to realize that governments controlling money is not a good idea, and begin their way to financial freedom.

I totally agree with you.I am a Greek citizen and I would be a dreamer if I believed that Greece will come out of the financial crisis so easy or in a short period of time.The problem begins from community and every person separately.Most of the people here believe that there is not their fault and blame the policts and the lenders.So I am definately sure that bitoin will not save the Greece but may help some Greek citizens like me.

syaripudin

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The financial crisis that afflicts the greek, makes its own panic, making the greek choose bitcoin to make its solution but this does not mean, the improvement is very easy for the development of the economy of the greek

Sled

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Quote from: iliasyaco on June 30, 2015, 04:05:28 PM

What is your opinion about Bitcoin & Greece

I don't there is a connection between saving greece and bitcoin because bitcoin is not that superhero that will save the economy of the greece and i think bitcoin will only help greece if they will use it as a currency because they will have a decentralized currency and also a faster transfer payments that will save time and money and it will improve their cycle of economy even better.

SvenBomvolen

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Interesting question really. I don't know about Greece exactly I wasn't there and can't judge their economic situation from abroad. But I believe bitcoin and cryptocurrencies in general can help to any economy. It is clear that after bitcoin adoption the government will start to take it's tax from bitcoin earnings and with good control this money can improve the situation inside the country. But nowadays corruption is blooming and who knows when this money will actually go?

stompix

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Quote from: qiman on May 22, 2017, 07:55:07 AM

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.

1. Impossible. It would mean to nuke Greece
2. Oh create some more ponzi money instead of using bitcoin.
3, There are no such assets anymore.
4. The national sport in Greece is how many years you can go without paying taxes.
5. Tell Europe they are going to commit suicide.

Greece is just... Greece.
This country went bankrupt twice under the gold standard.

Bankruptcy and borrowing and spending all is in their blood.

Has your wife told you that it was a Greek state the first one that went bankrupt in the history of mankind?

taxmanmt5

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Quote from: Xester on May 22, 2017, 07:41:04 AM

Quote from: iliasyaco on June 30, 2015, 04:05:28 PM

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.

Bitcoin cant save any country who is in extreme debt because you need money to buy bitcoins and if a country has no reserves to pay debt , how can it buy a lot of bitcoins as you need to have big reserves of US dollars in order to buy bitcoins. Greece is in lot of financial crisis and i hope if any rich country can help them to recover.

TravelMug

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Greece financial woes has been going on for years. I think only the rich people can actually have an advantage in bitcoin because they can move some of their wealth and put into bitcoin ecosystem. Common people in Greece will not be saved by bitcoin because they don't have the money to put into bitcoin to begin with. So I think bitcoin will not save Greece.

Nathan047

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Quote from: iliasyaco on June 30, 2015, 04:05:28 PM

What is your opinion about Bitcoin & Greece

Well, I mean if the Greece economy collapese then it might help the people in Greece (and us because we would see a nice pump), but otherwise, no I don’t see it helping Greece to much.

qiman

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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.

Xester

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Quote from: iliasyaco on June 30, 2015, 04:05:28 PM

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.

n2004al

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Quote from: iliasyaco on June 30, 2015, 04:05:28 PM

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.

bryant.coleman

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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. Grin

I don't know whether Bitcoin will save Greece or not. But definitely, Greece is going to save Bitcoin. Grin

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Satoshi is rolling in his grave. #bitcoin

Quote from: Zorrocoin on July 05, 2015, 11:08:00 AM

Quote from: batesresearch on June 30, 2015, 04:06:57 PM

Quote from: iliasyaco on June 30, 2015, 04:05:28 PM

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

interbtc

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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?

Zorrocoin

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Quote from: batesresearch on June 30, 2015, 04:06:57 PM

Quote from: iliasyaco on June 30, 2015, 04:05:28 PM

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.

Amph

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Quote from: tiggytomb on July 04, 2015, 07:14:23 PM

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

tiggytomb

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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.

bobc1994

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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

moneyflow

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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!

ThEmporium

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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.

randy8777

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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.

mayflor2

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Activity: 294

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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.

greBit

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Activity: 714

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Quote from: HarHarHar9965 on July 04, 2015, 02:29:35 AM

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 Shocked

HarHarHar9965

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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.

Amph

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Quote from: Greenenergy on July 03, 2015, 11:22:21 PM

Quote from: Mieehayii on July 01, 2015, 04:13:25 AM

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

Anegg

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CryptoTalk.Org - Get Paid for every Post!

Quote from: unamis76 on June 30, 2015, 05:38:30 PM

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 "!

Greenenergy

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Quote from: Mieehayii on July 01, 2015, 04:13:25 AM

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!

jenifer0012

full member

Activity: 154

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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.

AtheistAKASaneBrain

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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

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Activity: 639

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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

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

EternalWingsofGod

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Activity: 700

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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

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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

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Activity: 1692

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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

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Activity: 1918

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★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

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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

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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

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Activity: 658

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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

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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

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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

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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

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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

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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.

iliasyaco

sr. member

Activity: 457

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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

croTek4

sr. member

Activity: 392

Merit: 250

the Cat-a-clysm.

At this point its too late for anything to save Greece, fiat currency has already done its damage. It may push some people to realize that governments controlling money is not a good idea, and begin their way to financial freedom.

batesresearch

legendary

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Quote from: iliasyaco on June 30, 2015, 04:05:28 PM

What is your opinion about Bitcoin & Greece

What do you think?

iliasyaco

sr. member

Activity: 457

Merit: 274

What is your opinion about Bitcoin & Greece

Topic: Will Bitcoin 'save' Greece? (Read 3687 times)