Haha

If true, bitcoin price goes down? Weak ass man if he does.

This letter does make him appear weak doesn't it? I listened to the translation of the TV appearance he did yesterday and I was impressed. In it he was saying that the illusion of Europe is too great and the cost of kicking Greece out would be immense. I thought to myself that there was a bit too much truth there for a politician. It made me sit back briefly any how.

I can't link directly to the video but it can be found here http://www.bbc.co.uk/news/world-europe-33322754

I did a google search and found that chaps blog. Thanks for sharing.
Here it is in case others are interested http://yanisvaroufakis.eu/2013/04/22/bitcoin-and-the-dangerous-fantasy-of-apolitical-money/

I think this leaked letter is responsible for the current down trend in the BTC price.
Perhaps it seems a deal will be struck, but I don't expect for the referendum to be pulled away from the Greek people now. Whether it's results will be true and fair or not I don't think we will ever be able to tell but they can never undo the fact that capital controls were put in place.

All in all, still quite a positive for bitcoin.


Edit: There is a 2nd image to this letter

This concludes the first giveaway. I hope many of you were able to take advantage of it. You know how to contact me if you have any questions. More coming soon.

Is that all that's needed in order to make it scale?

There's a potential problem with the review system in bitcoin world. As transaction fees are so low it would be incredibly easy for an unscrupulous vendor to fake purchases and leave positive reviews, enticing genuine buyers to pay only to be relieved of their bitcoins in return for nothing. How can trust be built?

Perhaps i should have said, "could the network handle it", instead of "hack it". By that I meant the increase in activity. I accept that inflation is still too high and volatility would be wild and open to manipulation. But could the network handle it as it is today?

Well one thing we know is that there will never be a day where all countries say, "OK we have all sorted it out. We are now all debt free", because it isn't mathematically possible.

I guess there is debt forgiveness, but why?

However unlikely this may be, please lend me your imagination for a while.

Lets say the Greek prime minister advises Greek citizens to turn to bitcoin. They arrange to help everybody including grandmas to convert their euros to bitcoin. (I know I know. Never in a million years)

So bitcoin is the national currency of greece. All transactions in greece are carried out in bitcoin. Can the network hack it? What would happen?

ahhh shucks! Now I just look silly

assuming the election process is fair.

Quick! Call the BBC. A user on bitcointalk has inside knowledge.

Thanks for that. I haven't really followed previously. Does this seem like deja vu to you? Does the fact that they will probably default before a deal is struck make this more damming?

At 6pm washington time, greece will officially default if it hasnt paid the IMF. The media reports that its all set to happen, but will it or will there be a shock?

Sweet.

Get it on the telly.

That graph in the cnbc article is so underwhelming though.

50% of your wealth woah! I guess it depends where abouts you are in life. If you still live with your parents maybe, but if you've got dependants, that's a whole lot of risk.