ATHENS, Greece — Greece's five-year financial crisis took its most dramatic turn to date Sunday, with the prime minister announcing Greek banks would remain shut indefinitely and restrictions would be imposed on cash withdrawals.

The decision came on the recommendation of the Bank of Greece, Prime Minister Alexis Tsipras said during a televised address to the nation. He didn't immediately say what types of capital controls would be imposed.

...

http://www.nytimes.com/aponline/2015/06/28/world/europe/ap-eu-greece-bailout.html

If your capital can be controlled it's not your capital anymore. - Satoshi Nakamoto.

https://twitter.com/pdimitrakos/status/615271754097926144

These pics say it all, next up they will be rioting, lighting fires (again) and praying that tomorrow is better.

[–]feigns_NA 448 points 9 hours ago
I'm an American on vacation in Greece at the moment. Not only is there a run on the bank going on, but businesses are not accepting credit cards either. I am currently waiting in line for one atm out of three that still has some cash left. Crazy times.

I don't see why anyone in Greece would still have significant amounts of cash in a Greek bank.

If Greece's economy tanks, won't the money they withdraw become worthless? Shouldn't they be buying gold?

Honestly this story has been every single day for the past two months. If you're a Greek citizen and have any money whatsoever in the bank locally (except for immediate payments of bills) you're insane. I'd have withdrawn that stuff weeks ago, or maybe in the last two weeks at the very latest. Nothing here is as surprising as the lines at ATMs. Seriously...wtf people?!

It's more like a bank saunter or a bank jog at most so far. When the banks open tomorrow (if they open at all), the last of the euros they have in stock will be gone in minutes as they've been kept afloat by the ECB since about last week.

Why would anyone with half a brain wait this long? Cypris' capital controls should have been a giant red flag to anyone paying attention that your money would not be safe in a Greek Bank if you were a Greek Citizen.

#Bitcoin support holds at $220 area for the sixth time.  when will the bears give up?

https://twitter.com/TonyGallippi/status/608400102466691075

I'm calling this the "sextuple bottom" #bitcoin

https://twitter.com/TonyGallippi/status/610797708673196033

#bitcoin hasn't been this close to the 200 day MA since August 2014.  Grexit could take it to $600 by September

https://twitter.com/TonyGallippi/status/614988892832419840

Hey Elon, who is zerohedge? 

Zero Hedge[1] is a batshit insane Austrian economics-based finance blog run by a pseudonymous founder who posts articles under the name "Tyler Durden," after the character from Fight Club by Chuck Palahniuk. It has accurately predicted 200 of the last 2 recessions.

By September 2009, Zero Hedge had begun drawing more traffic than more established financial websites[5] with 333,000 unique visitors a month, impressing even those[who?] who say the news site is full of conspiracy theory and "apocalyptic world view".[4] Durden says two-thirds of its readers are from Wall Street.[2] According to Quantcast, in 2012 Zero Hedge had a monthly global traffic of 1.8 million people.[7]

If it goes like this, it will be so late to adopt bitcoin by Greek people, or I'm mistaken ?


I want to understand from you man 

What is the probability of Grexit and how it will affect bitcoin ?

248$ and increasing,

The comparison would be valid for those who bought BTC below 1$ and sold for ~10$. Try another comparison:

Here's what the Canadian Senate just put in the Bitcoin blockchain:

TEXT:
"Senate Banking Committee calls for light touch approach to regulation of Satoshi's invention"

DOCUMENT HASH:
81b43c71e2eea227655bd2cf8aba38e18613825bd82332903b1655ead135243d proof of existence

Corresponding to...

DOCUMENT
The Senate Banking Committee's report on digital currency

(background)

I'm a Canadian Bitcoin professional. A little while ago Decentral, where I work, was approached by a Senate staffer for assistance in placing a short message and a "proof of existence" into the blockchain on the release of their report about digital currencies. My colleague and I were happy to provide them with technical help. Today both that report and the blockchain message + proof of existence have been publicly released and included in block #361625, as can be verified at the above links.

(technical details)

In order to minimise blockchain bloat both the message and the document hash were embedded using OP_RETURN so that full nodes do not have to store the UTXO's in their mempool, as they are forced to with, for example, the aptly-named cryptograffiti approach. The use of OP_RETURN also ensures that these outputs can be pruned from disk storage by non-archival nodes in the future. Due to the small size permitted in OP_RETURN the message was split across three different transactions.
The document hash was embedded using the format from ProofOfExistence.com, though not through the site itself due to a need for clear association between the message and the document hash. To verify the proof of existence, download the file directly from the Senate link and hash it with the sha256 algorithm (for example using the "shasum" tool on linux). Compare the hexadecimal representation of the hash with the hexadecimal string located in the transaction at the "DOCUMENT HASH" link above (mouse over the "Proof of Existence" link on coinsecrets.org to see the hash). They should match!

(in plain language)

Mostly for fun, and partly as a nod to the community, the Canadian Senate has embedded the message "Senate Banking Committee calls for light touch approach to regulation of Satoshi's invention" as well as a short cryptographic "timestamp" that will prove to later viewers the document existed at this particular point in time and has not been changed since.
(more about the report)

As posted yesterday evening, this report is the one the Senate banking committee has been working on for quite some time, and in service of which Andreas Antonopoulos, along with many others, have testified before the committee. The conclusion reached by the committee seems to be a largely positive one, saying explicitly that the benefits of this technology outweigh the challenges it introduces and recommending a "light touch" in the regulatory department.

Edit:

Confirmation tweet from Senator Doug Black: https://twitter.com/DougBlackAB/status/611922954885165056

All time high trading volume today for @BitcoinTrust $GBTC

https://twitter.com/barrysilbert/status/611242936370626560

date is 2013