A singe currency is as feasible as world peace.
China, Russia, the UK, the US, North Korea or Japan will never accept a currency out of their direct control.
Readers don't read, or lack reading comprehension. Why don't you try again to read the thread. The national currencies will float against the reserve currency. I've understood the subject. So that new reserve currency would be pretty much like gold. But no currency is pegged to gold any longer, and you may say that all national currencies are currently floating against gold, or that gold floats against each national currency, but few countries will accept that this new reserve currency shall be the standard against which all the others should be measured. Setting a reserve currency requires a consensus to begin with, but that doesn't exist at this time. Questions to ask is what authority could say this is the new world reserve currency, and why should countries accept it as such. This topic should not be in "Economics", but in "Politics". |
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Imagine Greece without the €. Cost of borrowing would be huge.
The cost of borrowing of Greece is not low now, even with the Euro. Even if there is no currency risk (because Greece borrows in Euros), investors factor in a premium for counterparty credit risk. http://www.bankofgreece.gr/Pages/en/Statistics/rates_markets/titloieldimosiou/titloieldimosiou.aspxAccording to the Bank of Greece site, the current yield on 3-year Greek bonds is ~13% and has crossed 20% in the last 2 months. This is not cheap at all.  It is. Borrowing would much more expensive, and nearly impossible, if Greece leaves the €. |
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I don't fear a contagion, yet, but it's terrible solving that Greek problem takes so much time. The longer it takes to cure, the longer the recovery.
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Just make it regular, coming from the same exchange. If you have a monthly bank wire of the same amount on the same day each month, they'll just think it's a salary.
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I regularly hire programmers for short pieces of work, and I don't pay them anywhere close to the sums mentioned here.
There are certainly a few lucky programmers, but the ones I'm working with aren't paid more than a mechanic at an official dealership.
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Granted the lefty government will destroy their economy, but I believe this looting is troika directed. Once they break from the EU, hopefully Varoufakis can influence the legislation of the Greek government- IMO he is truly Greece's only hope of getting out of this mess in the next 5-10 years.
Greece needs Europe much more than Europe needs Greece. If there's a clash, Greece would be 100% unable to borrow money for many, many years, and it would have to rely entirely on its exports to get foreign currencies. Living on olive oil and ouzo! That would be tough. |
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Yes absolutely, a spike in electricity usage is perfectly acceptable grounds for them to get a search warrant on suspicion of growing hash using high watt lamps
No, far from it. Aren't there lawyers in Ireland? Police do not routinely check power consumption. They have no right to do this. Police do not know how much electrical energy you use, this is private information between you and your utility company. I know in the UK, they have some kind of infrared cameras which allows someone to check if there is excess heat inside a building, but even that is insufficient to enter a property and seize equipment from it. |
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Is this relevant?
He may have been thinking about it for 10 years. Who knows? Who cares besides OP?
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Who needs a BTC embassy? How do you make sure the people there are representative of BTC? Who pays them? Or do they volunteer?
I've been to a few BTC meetups, that was very informal, but who needs more?
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This is unsustainable. Just like when the dollar was pegged to gold. You cannot have a fiat version and a digital version of the same currency coexisting.
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That would bring huge changes, with countries unable to run a deficit.
That would call for an entire new class of politicians, as those who are in power now have no idea of what a balanced budget is.
You could still borrow BTC. Or work with a token that could be redeemed for BTC. Govt will always be running some kind of fractional reserve. Don't you think? Imagine Greece without the €. Cost of borrowing would be huge. |
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A singe currency is as feasible as world peace.
China, Russia, the UK, the US, North Korea or Japan will never accept a currency out of their direct control.
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Big government teaming up with big corporation!
Makes me want to run. Sorry Sir, I vote no and I'll stick to my BTC.
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Regulation? Drugs are highly regulated. In most places, they're illegal, and yet they're everywhere, available to all. If governments have failed with drugs, I can't imagine how they could control BTC with whatever regulation.
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Medias help a lot, just look at Britney Spears. She's getting uglier and uglier, and she doesn't know how to sing, but since the medias keep on showing her, she remains famous.
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BTC is a global currency, because there isn't any country behind it. Somehow, it's countryfree. Just like me.
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I believe in competition, but since BTC was the first, so it's the natural leader, and it will keep on leading up to someone comes with a better cryptocurrency. Maybe one 100% anonymous, but BTC shouldn't fear big corporations or governments.
Apple already has Apple pay and it could launch some kind of a cryptocurrency but I'll never use it because I hate Apple. Their products are overpriced. Could a government launch a cryptocurrency, and compete with BTC? I'd rather stop drinking for one whole week than to use any national cryptocurrency. BTC will remain the best because it's decentralized, without any fascist ruler behind it.
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It's simple and pure rhetoric. People from Greece can already travel free inside Europe.
If Greece doesn't fix it problems, some of the people will go from there anywhere they can get a better living. And that will happen with or without more money from EU.
And the jihadis.. they can be recruited same easily all across Europe, I don't think that Greece can have really more than other countries. And they have to be trained somewhere, and I doubt that can happen in Greece.
This isn't rhetoric at all. Jihadists could apply for Greek citizenship as refugees, the Greek government could grant them a Greek passport which would unable them to travel freely anywhere in Europe. |
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Jeremy Clarkson is politically incorrect, and this is precisely why I like him. It's also one of the reason why I like BTC.
Warning! Some people may not be aware of it, but BTC is politically incorrect.
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There's a solution! I don't have a smartphone.
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