Yeah, sounds like the people of Greece aren't worried about the unknown or taking the riskier of two paths. It's crazy but kind of admirable to just go for it like that, to take on their own problems by themself.

Here's an article about it: http://money.cnn.com/2015/07/06/news/economy/greece-no-vote-explanations/index.html?iid=hp-stack-dom

Here's an interesting article on why they voted No: http://money.cnn.com/2015/07/06/news/economy/greece-no-vote-explanations/index.html?iid=hp-stack-dom

Pretty interesting, they're saying they have nothing to lose so why not take the chance.

The trending was largely on bitcoin mining, so there's still hope despite the austerity measures.

Instead of waiting why don't you call Steam and tell them that people want to pay with bitcoin, that more people will buy more games if bitcoin is a payment option. Maybe start a poll on this forum and then share it with people at Steam. Companies will chase the money...

Yeah...

• Citizens that avoid paying taxes
• Citizens that try to get benefits when they're not able to legally do so
• Government that doesn't bother to collect taxes (especially from those that are dodging payment)
• Government that doesn't fight the people who are collecting benefits illegally

It was only a matter of time, it's simple math that gets a country upside down in this type of situation.

P.S. The US doesn't do that shit, not at that scale. Ask the Americans, their tax collection agency, the IRS, is a big shadowy figure over everybody

Thanks for sharing your true affiliation (Anarchist) and the quote, it's indeed important to remember that the greatest ideas of change are born out of something originally thought of as "radical".

I don't think Democracy is the worst thing, but Deomocracy is run by people and people are flawed. People are motivated by specific incentives and if those incentives aren't aligned with the best outcome for most people you'll see the people in control govern in a way that doesn't benefit most people.

Two things,

1) Current politics is structured to incentivize politicians to create legislation, which causes money, adds debt, and pushes government down the spiral.

2) The majority of eligible voters in the US is becoming more and more poor, so if those people decide to vote they will get the handouts they desire (at the destruction of the institution that is a financial sound government.)

What can we do?

1) Vote for and reward politicians to don't add to the costs but improve efficiencies or reduce costs (and not automatically at the reduction of services - that's the challenge the new politician must rise to)

2) Educate the people on the fact that handouts at a large scale kill governments, we need a generation of workers. People who are proud to pay taxes because they earned the right to contribute to a city, state, department, or country that they're proud of.

Modern day politics is causing the Government debt burden and therefore risk of default.

Most major projects in a country have been done, created, built. Yet when a new politician is elected they have a desire to make a name for themself and the most obvious way for a politician to do that is to introduce new legislation, which requires...money.

We need a few terms of politicians that will merely maintain Government, not grow it, OR (most importantly) make Government more efficient to get things right-sized.

None of these politicians actually have a responsibility to the debt. None of them are personally responsible so there's no impetus to not spend or be careful with spending!

How do we shift our political systems to create incentives for politicians to stop spending?

This is a really interesting point. I wonder if these government bankruptcies may open the door for legalization of more previously illegal activities to allow for more tax revenue to come in to cover debts.

One this if for sure...Governments need stop spending.

Sounds like you need retirement savings advice, this article may help you: http://money.cnn.com/2015/07/01/retirement/retirement-boomers-millennials/index.html?iid=SF_LN

Having enough saved for retirement isn't about choosing a random number of one investment and hoping "it goes to the moon." You need to have diversification and a lot of base currency.

Here's some math (sorry in Dollars), you'll need $219,000 to eat - JUST EAT - in retirement, assuming $5 per meal, three meals a day, for two people for 20 years.

$5 x 3 x 365 x 20 x 2 = $219,000.

You have to think of the good or bad of your investment decisions within the context of time. If LTC price goes up today, it doesn't mean it won't go down more tomorrow, next month, or next year. It might be good to keep some Litecoin in your wallet, just in case it becomes a real option (from Retailers) to consumers. I don't think owning bitcoin now is a bad thing at all. You've taken a position with many many people, don't feel as if you're alone out there. A lot of us are long on bitcoin with little to no position in Litecoin.

Bitcoin could fill a gap here but it has to be driven by the retailers. If the retailers don't provide the option for payment they'll never know if consumers want to use it, and it also helps introduce consumers to it as a payment option.

I doubt the domestic online retailers are doing that poorly, I believe the restriction on online payments was to international destinations. Greece retailers should focus on international sales, that country needs to import money as fast as it can.

Two points:

1) Is what the EU was doing to Greece really usary or corrupt? Was Greece forced to borrow money? Was the rate higher than market rates? Was Greece forced to pay back early? - if the answer is no, than it was Greece's choice to borrow that money and they should figure out a way to pay it back.

2) The act of borrowing and lending (and the slave like feeling it can cause to those who borrow and don't pay the debt back quickly) isn't a fiat problem, it's a human problem. People and Governments decide to go into debt because they need or want something that they can't pay for. The act of lending actually pushes progress forward because it allows people and Governments to expand their world, business, operations beyond their means. It's not always a bad thing - only when the amount borrowed exceeds what can be paid back.

Debt slavery will occur with Bitcoin because people will always have a need to borrow money.

Colly, next time read the article, the first paragraph says "has been removed by YouTube, with the company claiming that the content violated the platform’s “policy against spam, scams, and commercially deceptive content” — a claim that the filmmaker behind the project is rejecting."

Wilikon, as usual is spreading media hype. There's no evidence that YouTube removed the video for any reason other than violation of their spam policy. The produce of the video is also making huge speculative accusations with zero fact to support it. The truth is that YouTube - right now - as many anti gay videso posted. If they were taking some ant-religion stance they'd remove all anti-gay, or pro-religion videos.

The bottom line is that YouTube is a business and they don't have to allow all videos on their site, for whatever reason they want. Unlike the Catholic church can allow some of their priests to engage in sex acts with kids, which is in fact illegal. Two adults of the same sex deciding they love each other and want to get married has (literally) zero impact on other people or any religion.

Agreed. They're the front line of what will likely end up being a global fight against these terrorists. They can believe what they want, as rediculous and barbaric as I or others may believe it to be, but they can't assume they are the only people worthy of living on this planet. If they can't live with others peacefully they will eventually become extinct.

No, not realistic at all.

No country will ever relinquish their own control of their currency or their own control of their economy. It'll never happen AND it should never happen for Bitcoin. As soon as a country calls bitcoin their currency that country will work to control it, and that day will be the downfall of Bitcoin.

Mac OSX vs any other operating system has nothing to do with it. Here's a site for you -> http://bitcoinvanitygen.com/

Good luck.

The listing is ended, if it sold it went for $899 on May 18th, which would have been BTC3.86...certainly more than the dude was offering here (and probably appropriate given how rare these 2011 series 2 coins are.)

Reading all the news about Greece, thinking about how Bitcoin could be the alternative, got me thinking about whether the Bitcoin system could ever be frozen due to non-activity or a community consensus - could the blockchain be frozen?

If I understand correctly, miners validate transactions which then create the blockchain (or blockchain history, forgive me if I'm using the terminology incorrectly).

What if the miners decided to stop working? What if the community decided to stop validating transactions? Wouldn't that freeze the blockchain and thereby put a halt to bitcoin the currency?

We can pay for uber rides with bitcoin?!?! How do we do that? You have to set up your payment method prior to the ride... I didn't know bitcoin was an option!

And how about earning opportunities for a few people to earn millions, rather than millions of people earning a fe BTC, any ideas?

Coinbuddy, what are your skills? Are you a coder? An engineer? Mobile? Online? Coding languages? Or are you a business guy, a deal maker? An idea man? Give me some help understanding where you shine.