1st bold: You are equating people with governments. The citizens of greece did not do this. This is like saying that every US citizen is responsible for the Iraq / Afghanistan war.

2nd bold - if everyone in greece was given the same amount of bitcoin, and things at the store were listed in bitcoin prices, and people were paid in bitcoin - they would see the value.

other posts: GreeceCoin already exist. One could try with an altcoin, but altcoins 1) are associated with scams 2) are easily manipulated in their early days. The people of greece (I assume) want some sort of reliable monetary system. Bitcoin is strong.

re: so then I fly to greece and buy 5 hotels. - that might make sense. Then greece becomes the new money capital of the world, because everyone flies their to do something with their bitcoins because its the one place in the world where bitcoin can do everything.

re: 1 bitcoin for every citizen. I wrote "N bitcoin", meaning, any number of bitcoin. it could be 0.2. it could be 0.5. Each bitcoin is worth 1 million transactions.

Read the post. The price doesn't matter.

The idea: distribute bitcoin to every greek citizen. N bitcoin per citizen.

Not an altcoin. Why? Bitcoin has security and a record.

1. TPTB have effectively isolated Greece from the international financial system.

2. Greek citizens still need to transact and have an economy. There are already reports of issuance of store scrip and other "currencies"


The relevance of point #1: Because the Greek economy is isolated from the international banking system, bitcoins that are distributed to Greece will be more difficult to turn back into fiat. I.e., if you give a Greek a bitcoin, where are they going to sell it? Online, and then transfer their newly obtained fiat to their Greek bank account - the account that's controlled by their government?

Relevance of points #1 and #2 combined - the current fiat value of bitcoin has little relevance to this application. Due to the financial isolation of Greece, a unique value for bitcoin will exist in greece, because people need to transact, get paid, and pay people.

An easy way to do this would be to distribute to employers, so they could pay their employees in bitcoin. But this has inherent problems.

Granted, their are difficulties associated with such an "airdrop", but if this catches, the headline is "bitcoin bails out the greek people".

Its not bailing out the banks. I think the banks would actually freak out about this, because if everyone had bitcoin, they wouldn't need to go back to their fiat accounts.

There's only 11 million people in greece.