The Bank of Greece, a member of the European System of Central Banks is the national central bank of Greece. It is a partially state owned S.A. share company with special privileges, with special restrictions and duties  It cannot operate as a commercial bank and the percentage of shares that can be under Greek state ownership cannot exceed 35% In short, Greece central bank can't do shit as European System of Central Banks operate it  |
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Soon usd - eur parity and from there hell will break loose for eur.
Do you think so? It sounds too early for that only for news from greece. Remember the greek economy is only the 2% of the whole EU This isn't the issue. The problem is that the Greeks have said with the referendum that they don't want to pay their debts. So the question is who pay? Will the other European countries pay in place of the Greeks, writing it down at a huge loss, or will the ECB simple print more money, instantly pushing the € down against all other currencies? The Greece voted for no and don't want to pay the debt, leave European. The priority for them is to pay the debt and try to find a way to get money to pay for them. How come do they still care about the pension cut and tax increases? They still care about their personal income. It is ridiculous. If one family run into deep debt, what they should do? The famility member should try to earn enough money and spend less to pay the debt firstly. How could they keep the moeny for themselft? But what do they mean by 'don't want to pay the debt?' Debts must be paid regardless, they don't have any option regarding that, do they? Leave European? Sure, they don't want you around either. Their reputation has been screwed either way. The people of Greece would of course root to protect their money as it is their own money which they earned, they are not thinking like family. Everybody is trying to save their own ass. |
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At lease the people are able to choose some what of what is happening now, i wonder if there going to be an investigation to why Greece is such financial disaster someone made the wrong move some where and millions are now suffering this drama.
yes, but the problem is that they are able to choose only somewhat, not everything which is happening to them creating an illusion that whatever further happens ahead, would be a group decision and a result of that will affect all our lives, making it fault of the whole nation if something goes wrong. They should have asked the people when they were taking loans, why are they asking now when its time to pay debts?  |
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so, all the people who are asking for money did not earn it? Did the people ever work for the money that can`t be taken out of banks?
All the citizens of Greece have been living on loans is that what you are saying larry12?
Help me understand
So larry says that the Greece population of around 11.12 million people have been living on the loans provided by Euro. WOW. Its nothing like that, I've been in Greece and there are shops, there are workers, there is trade, there is market. Its a normal country. The banks screwed the people and the country altogether, and this isn't the people's fault. They weren't ask for a say in that, and now that they're fucked up, they host referendum. LOL. |
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Looks like the price of Bitcoin went up 10% the past week; gold has remained level or decreased.
Gold is likely a better store of value for now, but merely a growing pain.
you meant better bitcoin than gold? i guess bitcoin can't replace gold, gold is good for long time investment. We should either question if we really want bitcoin to replace gold? I mean, what's the point? Considering that it becomes such a pure investment, it will lose the beauty it has in trading and people won't use it as trading anymore but treat it just as an investment. We will come back to square one. Less trading will again decrease its worth and we will be kicked off the market again. I'd rather have it where it exactly is, right now. A trading currency and also an investment. |
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Not so easy for everybody if they have debt to pay from being a student.
But good advice that can be applied if you don't have a lot of debit to pay off or like really nice but expensive things.
Maybe live a frugal lifestyle and this will pay off in the end with a lot more savings than 20%.
Sacrifices made in your youth will definitely pay well when you're an adult, it seems. I had a rough childhood but I always saved money for things I really desired. When I had the capability to buy them, I don't know why I didn't. Instead, I used my money to fund my further studies and it really paid off. It was an investment I made in myself, and I have received a lot of benefits from that  |
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The bank is on a holiday, the government seems to be having a vacation without a credit card... They are on their way to doom themselves and the poor citizens are suffering. i just rad a thread where a businessman lost 700k due to the Greek crisis and the government has taken some part of his business money to settle its debts. The company cannot function anymore and therefore, their business is ruined. TRUST NO ONE, SCREW THESE BANKSTERS  |
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Greek crisis is a political crisis, not a currency crisis! Euro is the currency of Greece now. And Euro is standing strong, nothing will break it when Germany, France and other great European economies are standing behind it. We will be having different discussion if Drachma was still currency of Greece now. Greeks don't want different currency they want economic stability.
What might really break it is when all the strong countries in the euro zone also coming out declaring default in their debts, that's when the power of euro will really go down, that's when people will truly, honestly stop giving a fuck about euro. It will ruin everybody's faith in euro, they will open their eyes, keep their hands on their asses and run towards bitcoin to save them. |
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Man, I am genuinely angry about this, 700K IS A HELL LOT OF MONEY. This is something huge, something which has affected your business so much that people are being fired. Oh god, and the sad thing is that you cannot do anything about it as bank is backed up by the government and all these courts are in the government. How fucking sad is this, our own government betrays us and fucks us over. FUCKING BANK CUNTS.
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I think the banks are studying about what bitcoin is and what the technologies behind it, then develop it with their own way. I'm sure banks don't want to adopt bitcoin, since they can't control it.
Yes, all these banksters are trying to develop their own crypto currency on the down low and force citizens to adopt it, forcing their opinion down everybody's throat and taking money out of their asses. Fucking cunts have no respect for anything. They won't adopt bitcoin because they can't control it, they will never be able to control it and they wouldn't adopt anything they can't have some personal share of its own. |
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Your description of post answers your questions itself. They chose bitcoin because they were bitcoin fanatics, they chose bitcoin because it wouldn't affect their economy as their economy is small (affect in case of price change) and they are a micro nation. I appreciate their love for bitcoin and it would great to see bigger countries slowly adopt bitcoin too. FUCK DA CENTRALIZED SYSTEM!
I think they are not building a country, but it just a community of bitcoin fanatics. Its hard for big countries to adopt bitcoin, which the government only legalized it. They still prefer to fiat than bitcoin as the currency, because like you said, its centralized system, so they have full control on fiat. In bitcoin, the government can't do anything to control it. Yeah, I can't see a legit reason for them to build a country any way. They have no fucking future plans or agendas personally which do not involve bitcoin lol. But considering that they are the first one to adopt decentralized system of currency, I am happy and hope this country expands even more. The more trade, the better for the bitcoin community lol |
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I can't say 'been there, done that' but I feel you, bro. Shit happens. My condolences. I would say that Bitcoin has helped me learn a lot of things about currency, finance, economics that I wouldn't even bother to understand. I wish I had known about it earlier too.
Bitcoin can be a wonderful thing if you pursue it wonderfully, it would be really terrible if you keep self doubting bitcoins as well yourself and your own decisions. I've been in that negative place and it has ruined a lot of things for me personally. It makes you feel very terrible and low and you don't want that. Have some confidence and see how good things will go for you personally and professionally |
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Gold. I can trade it even without electricity and most people will know what it is and accept it as payment. On the other hand most people never heard of bitcoin, so in many cases it's useless.
But what if assuming you have a gold coin of 10mg gold and its worth 100$ (for example), but you need to pay your dues of only 30$ and the other person does not have any other way to pay you, how will you accept or complete the transaction? Gold cannot be traded at tis purest solid form or in terms of coins too, as they need to have accurate denominations right? What if you can't divide a gold coin? What then? |
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Perfect example of why Centralized payment systems will one day (hopefully within my lifetime) be a thing of the past!
I do not think that until countries with central governments exist, a decentralized currency would be possible. A government wants and needs control over the official currency, at least to some extent. It's more likely that such currencies would co-exist next to the traditional system. Yeah, I might agree to that but that's how we all should evolve our economy and our nation to be like. How can we expect the trades to be fast, free and friendly if all of it is controlled by a system, especially a corrupt system. So would we let a corrupt system control something they have no right over, just to find corruption bye others? Good irony. |
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the situation is schrodinger's cat , really. The cat inside the box might be both dead, or alive. You can't just assume it is dead only. The news like this has come up several times but it has never stopped me from buying bitcoins because I know the prices will spring up back again. No worries. Yeah man I really agree with that, I don't get it why people have to draw out their speculations regarding if it is dead or not. if you think its fucking dead, don't invest and just fucking leave. Its not your moral duty to make millions of bitcoin users to not invest as it will do them wrong. What a fucking suckAdick video anyway. |
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Guys, limit your posts related to Greece crisis, I am seeing 80 percent of the post posted in various threads are only related to Greece, those posts are mixed with few facts and mostly propaganda, Greeks know very well how to handle their crisis and they are talented enough to take care of their own problems.
Making a thread to not talk about the Greece crisis is also talking about the Greece crisis. I am sick of it too but it is a huge problem. people are simply doing it to find more solutions and implications. It might be over by a week or two if a new crisis comes up, till then , close your eyes cause this is all you will read. "It might be over a week or two if a new crisis comes up".  There are a lot of other things happening in this world regarding economy but I don't see why other people don't post about it in the economy section. I wonder why everybody is so curious about Greece's economy, even more worried about it than the Greeks Clearly, its evident how people are thinking opportunities to make more money through the crisis |
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well we advanced soo fast on the last years ,we need really to slow down otherwise the future will be compromised already feeling year by year the sun gets more hot and the cold getting more cold.... soo enviroment will affect economy global if people just dont stop think on money.... the bills of abuse EARTH will come slow but we cant recover anymore after taking the first step.
Several countries started to face problems about green moviments that should be respected over the world...
Green movements will die so as the earth. I do not think that most of the countries will last for more than 40-50 years. Either most of those will get abandoned by the people themselves, or those places will not remain healthy enough for a human being to survive. Wow, that's a dark perspective. I think there are hundreds of years to come, don't you worry about it. However, I would like to believe that machines learn new things through AI (artificial intelligence) and take over something which we created, our earth. Soon we become their slaves and our population reduces and we become extinct in a thousand years. We were destroyed by something we gave birth to. Irony. I agree to your point. It is true and so ironic. But it is unlikely that that is going to happen . Machines are created to make human life easier , not to ' take over' their life . Although looking at all the things happening 'round the world, there's a chance it might be a possibility. Dude what are you talking about? There is a robot out there which can learn to have new 'emotions and feelings' regarding others. That was the only thing which kept us different from humans. There are robots out there learning from their own mistakes. If all these machine expand and humans start RELYING over them, it won't be far that machines take over the world. LOL. Go watch terminator |
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Can Greece really save bitcoin?
Lol.. that is the question which should be asked. We are discussing about the probability that Greece will be saved by a currency, whose value has declined by 80% in the last 18 months. The Bitcoin adoption is going down considerably, and the number of people who use Bitcoin for their online shopping has also gone down steeply. Obviously I can't speak for the whole community, but I just spent 3~ BTC over at newegg.com a couple of weeks ago, and it seems that more opportunities to spend online are opening up every day, so I wouldn't argue that online shopping through Bitcoin is on the decline. I think online shopping is growing, however "offline" purchasing is still an issue. Since bitcoin is a digital asset buying things in the local shop will be problematic for a good while. Also, e.g. newegg.com is a cool site in the USA, but getting stuff to the EU from there is not easy. First of all, assuming bitcoin can save Greece, the fact that Greece cannot afford enough bitcoins as their Govt revenue puts a full stop over the debate. Secondly, people cannot buy bitcoins because their money is trapped. Assuming they can buy bitcoin, shop keepers in Greece don't accept bitcoins but cash. Even if that problem is sorted out, what about the increase in price level after Greece adopts bitcoin? The whole point of their debt and economic collapse was that they couldn't afford euro, you think they can afford bitcoin? LOL. |
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maybe end of 2015 bitcoin dead  Don't get bothered because of these little crappy reasons. It is just a little problematic because of the price being low and many losing huge amounts of money because they bought at the peak, taxes being a problem, and other unnecessary stuff. It's just a phase and will fade away eventually. Yes, good days for bitcoin are coming very soon. The only reason bitcoin has been looked down are all the money laundering scams which involved bitcoins had a significant time in media bringing a bad image of bitcoin to the world. However, things seem to improve and people are starting to realize how shitty centralized currency is, hoping bitcoin mass adoption comes soon |
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The article says it’s for «The person who gets paid in BTC, and knows where every Bitcoin ATM in the city, even the state, is." I wonder, if one leaves emotions behind, are these really good reasons to believe so? Many people have been fortunate enough to buy bitcoin which is very beneficial. But it has only been possible for people to buy and invest in it because they had the capability to afford it. The prices will not be stuck low forever of course they will ascend, but I think the low prices have been implied so that more and more people , and newbies come in and buy and save some bitcoins for the future. Bitcoins aren't a vegetable, nothing can be implied and its price cannot be limited from some higher source, that's why it is an awesome currency. Its the demand and trade which affects the price. However, I would agree that it is a good time for newbies to enter the bitcoin world and make a good profit as well as better their lives with their involvement in bitcoin. |
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