Will Bitcoin 'save' Greece?

[bryant.coleman]

So far we had 6 exit polls from Greece, and the NO camp is ahead in all of them, by 3% to 4% of the vote. I have noticed a bulk buy deal in BTC-e, and the exchange rate went up from $259 to $263 as soon as the exit poll results came out. Let's wait and watch. It is quite possible that the exchange rate might hit $300 within the next 24 hours.  

I don't know whether Bitcoin will save Greece or not. But definitely, Greece is going to save Bitcoin.  

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[n2004al]

What is your opinion about Bitcoin & Greece

It is totally impossible that bitcoin be the currency of Greece (Greece would be out of EU one day). The currency of one country must be owned by that country. But Greece can do un experiment with a similar coin of bitcoin produced by them and owned by them. It will be a very difficult experiment because bitcoin has some characteristics which made it a little rigid in an economy. If then we have in mind the difficulties in which Greece is that difficulties can be greater. Because for example the new money of Greece, at the first periods of its life, will be inflated (for sure) and the coin like bitcoin is difficult to be inflated. Can be manipulated but e few. Even, theoretically is not inflationable. So the economy of Greece will be in trouble because of that. Then are other factors such is the lack of banknotes but can be solved creating those. But in that case exist again the risk that those can be produced in big amounts (more than the amount of the coins produced or that exist in a given moment) etc.

[Xester]

What is your opinion about Bitcoin & Greece

Many things will happen but we cannot be certain if Bitcoin can make Greece certain again. We all know that Greece has fallen into debts and the value of their money has suffered a downfall after they make a huge debt to finance the wars in their territory. But there is still a way for Greece to come back on its feet and that is to buy more bitcoins so that when the price spikes very high they can exchange it to dollars and pay their debts so they can rise again.

[qiman]

How Bitcoin CAN SAVE GREECE..


1. Use Blockchain technology to record everything in the PUBLIC AND PRIVATE SECTORS to get rid of corruption.

2. Create a parallel digital currency pegged to Bitcoin, DIGIT DRACHMA, non inflationary and get the 30% of it given to the 30% of the population that is under the poverty line as an insurance for them.

3. Back the digital currency with public assets and make a dividend payment to DIGI DRAC holders, this will boost the price of the currency.

4. My Wife is Greek and says get all the rich people who took their money out to pay a fine in Bitcoin to the Government to help pay off the debt..

5. Tell Europe they will boycott the Euro and use ONLY the digi drac if they don't downsize the unsustainable debt.

[Nathan047]

What is your opinion about Bitcoin & Greece

Well, I mean if the Greece economy collapese then it might help the people in Greece (and us because we would see a nice pump), but otherwise, no I don’t see it helping Greece to much.

[TravelMug]

Greece financial woes has been going on for years. I think only the rich people can actually have an advantage in bitcoin because they can move some of their wealth and put into bitcoin ecosystem. Common people in Greece will not be saved by bitcoin because they don't have the money to put into bitcoin to begin with. So I think bitcoin will not save Greece.

[taxmanmt5]

What is your opinion about Bitcoin & Greece

Many things will happen but we cannot be certain if Bitcoin can make Greece certain again. We all know that Greece has fallen into debts and the value of their money has suffered a downfall after they make a huge debt to finance the wars in their territory. But there is still a way for Greece to come back on its feet and that is to buy more bitcoins so that when the price spikes very high they can exchange it to dollars and pay their debts so they can rise again.

Bitcoin cant save any country who is in extreme debt because you need money to buy bitcoins and if a country has no reserves to pay debt , how can it buy a lot of bitcoins as you need to have big reserves of US dollars in order to buy bitcoins. Greece is in lot of financial crisis and i hope if any rich country can help them to recover.

[stompix]

How Bitcoin CAN SAVE GREECE..


1. Use Blockchain technology to record everything in the PUBLIC AND PRIVATE SECTORS to get rid of corruption.

2. Create a parallel digital currency pegged to Bitcoin, DIGIT DRACHMA, non inflationary and get the 30% of it given to the 30% of the population that is under the poverty line as an insurance for them.

3. Back the digital currency with public assets and make a dividend payment to DIGI DRAC holders, this will boost the price of the currency.

4. My Wife is Greek and says get all the rich people who took their money out to pay a fine in Bitcoin to the Government to help pay off the debt..

5. Tell Europe they will boycott the Euro and use ONLY the digi drac if they don't downsize the unsustainable debt.

1. Impossible. It would mean to nuke Greece
2. Oh create some more ponzi money instead of using bitcoin.
3, There are no such assets anymore.
4. The national sport in Greece is how many years you can go without paying taxes.
5. Tell Europe they are going to commit suicide.

Greece is just... Greece.
This country went bankrupt twice under the gold standard.

Bankruptcy and borrowing and spending all is in their blood.

Has your wife told you that it was a Greek state the first one that went bankrupt in the history of mankind?

[SvenBomvolen]

Interesting question really. I don't know about Greece exactly I wasn't there and can't judge their economic situation from abroad. But I believe bitcoin and cryptocurrencies in general can help to any economy. It is clear that after bitcoin adoption the government will start to take it's tax from bitcoin earnings and with good control this money can improve the situation inside the country. But nowadays corruption is blooming and who knows when this money will actually go?

[Sled]

What is your opinion about Bitcoin & Greece

I don't there is a connection between saving greece and bitcoin because bitcoin is not that superhero that will save the economy of the greece and i think bitcoin will only help greece if they will use it as a currency because they will have a decentralized currency and also a faster transfer payments that will save time and money and it will improve their cycle of economy even better.

[syaripudin]

The financial crisis that afflicts the greek, makes its own panic, making the greek choose bitcoin to make its solution but this does not mean, the improvement is very easy for the development of the economy of the greek

[mariahh]

At this point its too late for anything to save Greece, fiat currency has already done its damage. It may push some people to realize that governments controlling money is not a good idea, and begin their way to financial freedom.

I totally agree with you.I am a Greek citizen and I would be a dreamer if I believed that Greece will come out of the financial crisis so easy or in a short period of time.The problem begins from community and every person separately.Most of the people here believe that there is not their fault and blame the policts and the lenders.So I am definately sure that bitoin will not save the Greece but may help some Greek citizens like me.

[olubams]

What is your opinion about Bitcoin & Greece

The issue of of Greece has really gone to the head with several experts and policies failed to sort out the issue which has been ravaging them for long which is why I am of the school of thought that another alternative should be explored although I don't know how bitcoin will be of help but if that's is the only alternative to put this issue to rest, then there is no harm in trying whatsoever.

[v0rtecxz]

I think it is impossible, bitcoin can not save the Greek state, because what we know now the Greeks in big trouble, Greece has a very big debt problem, like where the country can buy some bitcoint while the economy is in bad state, I think Bitcoin Only will Help those people too, few know about bitcoin, they redeem some of their money into bitcoin as their reserves to avoid the existing crisis.

[Kronos21]

Bitcoin will not save Greece. Bitcoin is a way to earn for those who want to work and doesn't have enough sentences. The Greeks are lazy. They used to not work and thus have high income and many different benefits. They nobody will give you bitcoins credit, and earn they do not want. It is better to ask for loans in Euros.

[qiman]

So far we had 6 exit polls from Greece, and the NO camp is ahead in all of them, by 3% to 4% of the vote. I have noticed a bulk buy deal in BTC-e, and the exchange rate went up from $259 to $263 as soon as the exit poll results came out. Let's wait and watch. It is quite possible that the exchange rate might hit $300 within the next 24 hours.  

I don't know whether Bitcoin will save Greece or not. But definitely, Greece is going to save Bitcoin.  

Greeks more and more are getting interested in Bitcoin and alternative digital currency. If Greeks wake up and use Bitcoin and other altcoin platforms to crowd fund business ventures and ideas to generate more wealth and jobs in the Country, it might have a positive impact. Only the Greeks themselves can save their own country, Bitcoin would just be a tool to help them do so. My Wife is Greek and she says the Greek Victim Mindset must change, then so will the country. I think she is right. Greeks are very clever people by nature, but are bogged down by mindset issues and German Colonization.

[megynacuna]

Bitcoin will not save Greece. Bitcoin is a way to earn for those who want to work and doesn't have enough sentences. The Greeks are lazy. They used to not work and thus have high income and many different benefits. They nobody will give you bitcoins credit, and earn they do not want. It is better to ask for loans in Euros.

Yes I think the European Union together with European banks are primarily responsible for getting Greece out of this indebtedness and meltdown and so depends on which procedures they will decide to use but Bitcoin Can be an option even though it might not necessarily do more than what they can use the " euro" to do for Greece.

[que91]

In my opinion, Bitcoin can't helps Greece to escape the crisis, you can see the value of Bitcoin always have strong fluctuations everyday, and not safe or stable FIAT (with Greece, use EUR).
Bitcoin just a platform technology for helps make transaction country to country fast, easy, safe and privacy

[nightrider]

What is your opinion about Bitcoin & Greece

I do not know much about this country, what I know it is a developed country, a modern country. I think it will be more bitcoin friendly than many other countries.

[Ani1985]

It seems still difficult to prove, the country's economic problems are very complex and bitcoin may not be the sole solution for greece.