Will Bitcoin 'save' Greece?

[Ultegra134]

The currency isn't that of an issue, Greece shouldn't have entered the EU but that's another story.
Not to mention that only a small percentage of Greeks know about Bitcoin and an even smaller use it.

[1714016703]

1714016703

[stompix]

The currency isn't that of an issue, Greece shouldn't have entered the EU but that's another story.
Not to mention that only a small percentage of Greeks know about Bitcoin and an even smaller use it.

It's the EU who shouldn't have accepted Greece not the other way around.
Nothing, nothing will ever save Greece.

This country is the one that invented state bankruptcy.
They went bankrupt when it was only Athens, they went bankrupt as an roman and then ottoman colony they did it 6 times since their independence.

Give the tax avoiding greeks a new tool in their inventory and you will see where this will go

[bitbunnny]

Greece can't be saved and certainly not with Bitcoins. Greece has chosen its own way and doesn't want to change to achieve economic stability. They always need more and more money but nothing is actualy changing and going for the better.
Bitcoin can maybe help some individual Greecks who will now how to use it the right way but it can't help the entire country.

[Novun]

Nothing can help Greece at this point. It is the vested interest of Germany that any country who adopted the Euro does poorly. The weaker these countries are economically the better for Germany.
Germany exports a ton of stuff, they export more than China with a fraction of the population. When you export a lot your currency becomes stronger. If your currency becomes stronger you will get less money for your exported goods.  But if you make poor countries adopt your currency it will get weaker.
The whole point of creating the euro and destroying Greece was to keep the value of the German currency down. This was a planned attack by the German banks and the German government.

[Hydrogen]

I always wonder if greece and venezuela represent the future of the united states, UK and europe.

Greece and venezuela are the net result of nations attempting to tax and spend their way out of deficit and debt.

The USA and europe may not have reached a point of insolvency yet.

As things stand, its only a matter of time before we're in the same circumstances that venezuela and greece are.

[Ultegra134]

Greece's state is not purely Greece's fault. Tax evasion and whatever is said on the TV has nothing to do with the current state. If you check inflation charts, the GDP was
a lot lower before we entered the EU, the statistic analysis that was made for Greece to join was indeed forged, but the EU already knew that. Germany wanted as much population
as possible to be able to antagonize with USD, adding more and more countries to the Eurozone was mandatory for it to be accomplished.
It's possible that Germany wants to have a "small China" inside Europe (Portugal, Greece, Italy, Spain), with cheap wages, lower shipping costs and so on.

[Ani1985]

I hope the presence of bitcoin can be a new hope for many countries in order to overcome the economic crisis as experienced by the Greek state and help poor countries.

[adam1230]

Yes i agree that Greece problem  is a currency problem. The biggest mistake was accepting EURO as currency.
European Union is build for Germany and France thats why Brexit happens. And UK never entered to EURO zone.

But unfortunately Bitcoin will not save Greece.
Greece people must learn to work like slave. Only way to survive is working.
With a huge debt problem Greece will remain the worst economy in EU.

[alani123]

Bitcoin "failed" to save Greece quite a long time ago. I don't think that Bitcoin was made to be a currency on a state level and as it is hard to adopt it never had any success in the Greek economy.

[stompix]

Germany exports a ton of stuff, they export more than China with a fraction of the population.

Oh, then we should punish those nasty Germans who make things that people love to buy.
Also for their productivity , imagine the crime, 80 millions germans doing more than 1 billion chinese.
Oh , the outrage.

I propose as a solution that no European should produce more than one Somali.
Whoever does this should be shot!!!.

Yes i agree that Greece problem  is a currency problem. The biggest mistake was accepting EURO as currency.
European Union is build for Germany and France thats why Brexit happens. And UK never entered to EURO zone.

You realize that adopting bitcoin will have the same effect , don't you?

[qiman]

Greece's state is not purely Greece's fault. Tax evasion and whatever is said on the TV has nothing to do with the current state. If you check inflation charts, the GDP was
a lot lower before we entered the EU, the statistic analysis that was made for Greece to join was indeed forged, but the EU already knew that. Germany wanted as much population
as possible to be able to antagonize with USD, adding more and more countries to the Eurozone was mandatory for it to be accomplished.
It's possible that Germany wants to have a "small China" inside Europe (Portugal, Greece, Italy, Spain), with cheap wages, lower shipping costs and so on.

I agree in many ways that Germany has colonized most of Southern Europe. This is not NEW though, my Wife is Greek and we have both been studying Greek History and Germany has had it's foot in Greece since the war of Independence in 1821 and once KING OTTO was put on the thrown in Greece, that changed the course of History for Greeks forever.
Now it's KING SOIMBLE on the thrown and he pulls the strings. I sincerely hope the Greek People will become like my Wife and adopt Bitcoin and digital currency as their exit from this colonial strangulation. Of course tax evasion and corruption are illnesses in the economy that need to be addressed. I believe Blockchain technology can remedy this. If the Greek Government and other bodies adopt Blockchain technology to weed out all the corruption, this will lift up Greece from the Inside. I am Chinese and it's thanks to my Greek Wife I found Bitcoin. This is a new world revolution happening NOW for all those that truly want to be fre. Oh and by the way her name is ELEFTHERIA, which means freedom in Greek I believe. 

[hastag_80]

What is your opinion about Bitcoin & Greece

I don't know what happen to the economy in greece now,or they agonizing the  tax evasion,forged etc.but definetly bitcoin can help fix this problem in greece even those germany can make a small china in european countries. with the help of digital currency maybe greece will rise up from drowning,and return the monopoly back to normal,without the shadow of german currency.

[Webetcoins]

What is your opinion about Bitcoin & Greece

I don't know what happen to the economy in greece now,or they agonizing the  tax evasion,forged etc.but definetly bitcoin can help fix this problem in greece even those germany can make a small china in european countries. with the help of digital currency maybe greece will rise up from drowning,and return the monopoly back to normal,without the shadow of german currency.

No one can ever predict the bitcoin and they are not aware of the bitcoin what will happen and what will not happen now in my country the bitcoin has a lot of the sites and the this is the steady way to the succeeds of the bitcoin I am very sure soon the bitcoin will have the price nearly equal to the 45000$ so the bitcoin is the highest currency and it is the use of the bitcoin now such as the Greece.

[doreraj]

maybe if they will gone out euro zone and back to their previous fiat money or some new type,in that case they can somehow close they credits, but to my mind BTC is not ready for it's role today...
in khan academy the are some videos on this topic mean the crisis and how it possible to solve it..

[Kiweikoo]

The currency isn't that of an issue, Greece shouldn't have entered the EU but that's another story.
Not to mention that only a small percentage of Greeks know about Bitcoin and an even smaller use it.

Yes it can help the Greece a bit, they are using it and getting advantage of it. Morever it is  just a simple currency like dollar and riyal but is just a digital currency and can help them upto the payment procedure and can improve their economy a bit. If they want so only they can save themselves in a best way because a nation can only be changed if they want to change themselves.

[alani123]

Bitcoin didn't do well in saving any country to be exact. Thing is, bitcoin's blockchain can not scale for adoption on a state wide level, even if that state was going to be Greece, with 10m residents. Can you imagine the transactions of so many people having to be cleared through a blockchain? The fees would quickly rise above the cost of day to day cash transactions.

[Malaya]

The probability of bitcoin to "save" Greece is most likely to happened depends on what strategy will be used to gain somehow their economic standing. Indeed Greece is experiencing economic depression for how many years and the idea of bitcoin to be also used in this nation could be of help. People can now start investing away from the influence of their banks but of the use of crypto currencies.

[creeps]

The currency isn't that of an issue, Greece shouldn't have entered the EU but that's another story.
Not to mention that only a small percentage of Greeks know about Bitcoin and an even smaller use it.

It's the EU who shouldn't have accepted Greece not the other way around.
Nothing, nothing will ever save Greece.

This country is the one that invented state bankruptcy.
They went bankrupt when it was only Athens, they went bankrupt as an roman and then ottoman colony they did it 6 times since their independence.

Give the tax avoiding greeks a new tool in their inventory and you will see where this will go

Bitcoin can't save Greece, I agree that Greece and its government failed to prevent it because of many reason. But still believe that Greece can survive it just need a full restoration of faith in the part of investors and also the government should work harder to save the country, at the end we all humans here and we should help countries like Greece to survive.

[Hamstead]

The probability of bitcoin to "save" Greece is most likely to happened depends on what strategy will be used to gain somehow their economic standing. Indeed Greece is experiencing economic depression for how many years and the idea of bitcoin to be also used in this nation could be of help. People can now start investing away from the influence of their banks but of the use of crypto currencies.

Just only a hope and there is no assurance that it will give a huge impact to the people of Greece. In fact there is no updates that bitcoin will be accepted by their government and also doubted that their citizens will go for this.

Bitcoin is not the only solution for economics crisis in Greece and yet, we cant totally depend on bitcoin alone. Economics stability is totally depend on our self and also by the jobs program that is being supported by the government. But if the government will after this bitcoin opportunity maybe we can consider that there is a chances to fight against crisis surge.

[mOgliE]

Hi,

My opinion is that bitcoin may help Greece but the issue is deeper. This country has a structural problem with its economy!

Bitcoin is not a fairy, creating wealth and ending up problems. Bitcoin may be part of the solution but it cannot be enough in itself.

Bitcoin is not a miracle creation, it is a technical improvement!