Please Fakhoury make it true to my countri too. I have a coinbase wallet since their first days and I deserve this.

Edit: I made an error again. Can you find it?

I'm sure that one bank or even a group of banks don't have the power to destroy bitcoin. Even those will create its coin (I think no because tho blockchain will be used by them with other purposes) this coin will be used only by them and their users, and if every bank or group of banks in the world will have their coins we will have another group of coins like those which are created since today and are all clones of bitcoin. All those are changed with, and referred to bitcoin. So, it will be the same even with the new ones.

Now the Greece is again without risks to go out of EU but one day it will be not a surprise for me to see that out. So have meanings answering to this main post of this thread.

Varoufakis has no idea what have told (if he has told that Greece must - or will, or need to - adopt bitcoin as a national currency). As always he want the attention of the others versus him an not speak the needed and with meaning thing. It will be a big wrong adopt as a national currency a currency which is a world currency. Which is own by no one and for more which cannot be owned by no one (including Greece). I don't know where will find Varoufakis the bitcoins with which will pay the salaries and the pensions to the Greeks and where will find the bitcoins the Greek commercial banks to operate. They will go out of EU within one day. So the new money needed the tomorrow of that day. They have nothing. So cannot buy bitcoin to use it within the country. They cannot find money to buy bitcoin because no one give them money (because they will pretend to not return back those to the owners). But even will find institutions or countries which will be ready to borrow money to them It will be the amount of bitcoins in the bitcoin market enough to satisfy the Greek economy with the needs for money which this economy will have ongoing? I am sure that not. This excludes even the possibility to use bitcoin as a currency even if the goes out of Greece from EU will be not within a day but within a period of time. Whatever will be that period of time. So the suggestion (if true) of Varoufakis it is simply a stupidity.

It is another thing if Greece create its digital money. But even this option it is impossible to be realized. Can be to much the reasons that can be. I will mention here one. In the case of the out of Greece from EU needed money since the tomorrow of the goes out. And this coin need time to be produced. Then must be produced in a such quantity before the time in which will be launched in market that be able to cover all the needs of the entire economy of Greece for a certain period. Such quantity need much much more time to be produced. Even if the EU will give a period of time to goes out this period is not enough to produce that amount of money. What will do Greece during this time? Will live with barter?

A Varoufakis the answer.

One of the most powerful technology which will be used in this direction is blockchain. This is an extremely powerful example of the power which have its first real and materialized product named bitcoin. This is an extremely important fact which will help bitcoin to be stronger every day which pass and to spread more and more in all the world. This will help that bitcoin be known and regulated currency in all the countries sooner. Central banks with with sake or unwillingly with take in consideration the existence of bitcoin and will do the needed rules to legalize it.

It is a very courageous initiative. I see a business (which respect the rules of Muslim religion) which has choose bitcoin as a currency to operate. This is the very important positive thing. It is to be an example to follow because of the reason that has choose bitcoin as money and that this really can help the spread of bitcoin in areas very conservative. But who knows the future of this things in this kind of countries? It is difficult to foresee how will go this business. In these areas today can be say yes for something and tomorrow may be canceled everything without giving reasons. For this I tell my first phrase in my post. Then the Muslim law impede the profits for such activities. I don't know in which way this person had overcome this obstacle. Without profit have no sense to work. At least for the mentality of the many.

Anyhow, it is to congrats with him. May its work goes well and may its business flourishes.

You're wrong I think. It is not the "fast" the problem but the "way in which the world goes fast". In other words I believe that faster we can go forward in every field of life (including the economy) better will every human being. But this faster must be fair with environment. We must adopt the technologies which don't damage it. There are to many and there will be even more in the future. If we adopt this kind of technologies we will not have any kind of problem and the environment will be friendly with us. If wen will see only for the profit and not the other specifics in a adopted technology then can be problems. About the today days are to many the initiatives which require the substitution of the technologies which damage the environment with others friendly with it. One of those is the agreement about the reduction of the carbon dioxide in Earth's atmosphere (The Kyoto Protocol) which is a very important agreement. But there are even to many other more local or less known initiatives which want the friendship with environment. Such initiatives must be increased and not the reduction of the going forward of the world development.

I don't know when Milton Friedman has made this prediction (must before 2009 year of the born of bitcoin) but is another fact that one one hand Friedman is a great economist and on the other hand that bitcoin can (and must) have a real future. If even Friedman predict and ask that be the computer to regulate the supply of the money in circulation is not few. Friedman is not me who make any kind of post in the free time here in bitcointalk and even not a normal person. It is one of the best economists the world has known. So the idea of the legalization of bitcoin can have now another strong argument: the mind of Friedman.

There has only one thing that can be discuss: bitcoin is in limited amount. The concept of Friedman doesn't foresees that. It is a big difference because a limit amount mean deflation in time for that kind of money in the moment in which the market will need more money and the limit of the currency is reached. Where to find the other money? Maybe USA can create a clone of bitcoin but with no limit in amount. This new currency can fulfill completely the needed of the foreseen of Friedman.

But what about bitcoin? This can be the end of it? Maybe not. See in this thread a function that can made it currency of the world:

https://bitcointalk.org/index.php?topic=1191118.0

Every comment about that is written there is welcomed.

I think that bitcoin will have a very big role in entire world and first of all in the economies of the world (playing one role greater than the perestroika of Gorbachev) but with one condition. Must be known and regulated by every single country. Or at least from the most powerful of those. If it will not be recognized as a currency and will have a doubtful status like the actual one will have no great impact but only secondary one.

But while bitcoin need a condition to make true its historical role, the technology which produced it has already the status of the divine technology and is well known as a disruptive for many field of technologies. This technology there were be applied and known every day more and more. I think that this technology will protect and made bitcoin to play its role in the future. If this future is near or not, this remain to be seen.

Argentina and Venezuela are in economic trouble. Both countries are different problems compared to Greece but are the most problematic countries (at least in the economic meaning) in the Latin America. Probably, even in both those countries some people are think to hide their money converting in bitcoin. For more news about those you can read this article which is well made: http://www.businessinsider.com/venezuela-and-argentina-the-party-is-over-2014-1 It a little old (beginning of this year) but the problems they have are the same even in our days.

It will be a good choice I think, but only as a long term investment or long term savings. I don't think that very soon or soon it will be an increase in price which can guarantee them consistent profits. I am not able to predictions and normally don't believe in those. Make from me (when I like to play with those things some time) or make from others. I think that there are not enough data for bitcoin to be able someone to make predictions. Anyhow that above my predictions its only a feeling and as such not credible.

But in the case of Greeks it is another thing. It is an way to hide their money. They fear for those because there are to many speculations about the policies which will be followed by the governments (exact the governments and not only government) with the taxes toward the money of the Greeks. So they convert the money in bitcoin to hide those and no one can known the amount of money they have. It is known the habitue of Greeks to not declare the right amount of their profits and their money in general. In this way, the authorities don't know the right amount of money of each Greek, and in the case of the converting of those in bitcoin, cannot find even now, how money can have everyone of them.

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.

I don't remember where I had read this news and if the source is (was) credible but I am sure that I had read it. Then I have a question about what you wrote at your post. Why one can get 80% and the other only 20%? I think that the interest depends from the interests of the people, from which they have need or pleasure to have or to be attracted, from their priorities an not a priori like you write. Can you tell me the logic of your deduction?

Very correct. I will add even that the people have their saving in us dollar not even in poor countries but even in other which are not poor but are strong connections with United States or are more welathy. My country is not poor. According to World Bank my country classified with "Upper middle income", have 4,619.2 us dollar income pro capita and most of my people have their savings in us dollar. One the the three options of which is our monetary reserve is us dollar. Our country have even strong connections (government and people) with USA.

You have your your logic in telling things. This time your reasoning is without epithets and evaluations for the others (like other time with my posts): I like this because we are there to discuss about the matters and not about each other. So I will answer in the same way. I will speak only about those you have wrote.

I am not a trader and I don't understand to much this kind of acting. So I cannot be able to give you arguments for this matter. But I am almost sure (only feelings so nothing true for me even I use the word "sure") that the price you tell here will not be reached not only "very soon" like you wrote but even the first 6 months of the next year. So, if you accept,  we will make a friendly bet. We will write again in this thread after the first 6 months of the next year. If the price of bitcoin will be the amount you told only one day during this period since that final above told day I will accept that you are a PREDICTOR and I will accept this publicly doing here a post about this thing. I will call you in this way every time we will meet in various post. If the price will not arrive that amount then you must accept (writing a post) that:

first, your reasoning about the price of bitcoin were wrong and were irrational,

second, were connections of facts which cannot have that strong impact you pretend on the price of bitcoin and

third, that you somewhere (maybe to many times) make euphoric and casual reasoning which are only passionate and not rational.

Deal?

It will be so absolutely. Exactly because are and will be an fixed amount of bitcoins in circulation there will be always a higher price for them it it will be in use legally. It will be always bigger and bigger the number of people which will want  or need it and this will increase certainly its price in time. The question is only when. And if it will be regulated.

With this fact is connected one of the best qualities of bitcoin. Bitcoin is not inflationable because of the exact number of coins which are and will be always in circulation and for the fact that this number is always well known. For this quality can bitcoin be considered as a very strong currency. To tell the right this may cause problems if it will be the only coin of one country but are difficulties that can be overcomes. Even this cannot be sure always because are to many the factors which must and need to be taken in consideration

I don't know how will work because first must be created and then regulated but I think like the normal cash of every existing currency.

I learned that the meaning I had for the word cashless was erroneous but I learned even that the right meaning don't exclude the cash in the economy. So my words in the previous post are not wrong. Only not in the right place and not needed in that case. As for how fiat system works you must read again my post about your meanings and your capacity to understand.

The cashless system may exist only in your dreams. I don't know any country in which don't exist and have legality the cash. Or better: On Earth don't exist any country with no cash in its economy. Maybe in another universe yes.

This is impossible to do because have no authority which own bitcoin. So no one can made physical bitcoins which can have legality. Needed first the known of it from all the countries then an agreement between those about the creation of an monetary authority which will manage it and then the creation from authority of the physical bitcoins. This there must be verified even with a group of countries but in this case the physical bitcoins can be used and can have legality only in these countries.

As for the creation or not of the physical bitcoin I am for the yes. If managed rightly this can add value to the bitcoin. Bitcoin will be more and more currency of the people, of the simple people. Because the simple people don't use to much the internet and don't understand which is peer to peer, its importance and its advantages. The simple people need to buy its daily bread, need  to buy the clothing at the store near its home, need to buy the gas for its car and need to give some money to their children and grandchildren. All those acts if made with bitcoin will increase in heaven its "power" and its overall value. And cannot be made if don't exist the physical bitcoin.

Edit: Maybe can be passed directly to the credit/debit card system but this is another discussion. And that have nothing to do with the power added to bitcoin if will be even physical currency.