Distribute bitcoin to every Greek citizen

[Xialla]

more important is to convince greek hotels, bars, restaurants and other vacation related services to start accepting bitcoin on their islands and tourist destinations. giving some dust btc to greeks can't solve anything..

[Amadues]

If you send 1BTC to every greek thats 11000000 coins. Probably more than there is totally...

Lets says we did it anyway and the greeks adobted it. Every BTC would soon be worth 50 times todays value. The problem now was just that only greeks had BTC and noone on this forum had any...


Se the problem when a lagre mass adobt a currency at once. BTC must grow slowly to become a real currency. Not go from a nerd fantasy to full scale economy overnight.

if this would be the case, i mean if you really think that if they were to adopt it in this way would rise the price x50, then they only need 0.2btc(1/5) to have x10 of btc, each

it sounds more reasonable, than giving away a whole bitcoin, remember that bitcoin was made divisible for a reason...

the Price of bitcoin is too high it,s better that they make there own cryptocurrency to pay for wages and expenses bitdrachma or drachmae free coin to give for averyone but if anyone want to donate some bitcoins they can give them to me

yes it's much better a new currency (P2P)… how you found the btc for all greeks?
and how to explain to helder people this new way for send receive payment, if they don't use a smartphone or a pc?

[Lauda]

the Price of bitcoin is too high it,s better that they make there own cryptocurrency to pay for wages and expenses bitdrachma or drachmae free coin to give for averyone but if anyone want to donate some bitcoins they can give them to me

yes it's much better a new currency (P2P)… how you found the btc for all greeks?
and how to explain to helder people this new way for send receive payment, if they don't use a smartphone or a pc?

Better? No. It might be an alternative. There are enough coins for everyone in the world.
We first have to start trying with 0.001 Bitcoin i.e. mBTC - millibitcoin. There are obviously other denominations which enables us to divide Bitcoin so that more people can use it.

Why wouldn't you use a smartphone in 2015 if you can?

Why would anyone waste their money on Greeks anymore?

-snip-
If we can prove that Bitcoin can be used to help the Greeks, then imagine the acceptability we will get by the time of the second crisis.

The only thing that we are going to prove, by donating a huge amount of Bitcoin, is that we are a foolish community.

[Denker]

Greece: First ever Greek Bitcoin ATM installed in Athens suburb

https://www.youtube.com/watch?v=1TmPU3ii_uE

[pooya87]

who is going to fund this idea of yours? you said "There's only 11 million people in greece" how much do think is a good number to give to each citizen? 1BTC per person is ~3 billion USD. who is going to fund this. and do you think that giving $270 to each citizen is going to fix their problems?

Greeks should adopt bitcoin on their own and this process has many difficulties because first of all they don't have access to enough cash per day to buy bitcoin. besides if they buy bitcoin there is nowhere they can spend it like fiat.

Someone is going to create GreekCoin soon enough.

ROFL
GreekCoin to the rescue !!!

I agree with you.
As idea, it sounds good but it just not realistic.
First, who will be such ''good soul'' who will give bitcoin in the value of 3 billion usd for free?
Bill Gates?
Warren Buffett?
Be serious!
Also, who will educate people in Greece about BTC, open ATM in bitcoin, introduce bitcoin to merchants etc.
Also, anybody seriously think that several hundreds free BTC per person or family will really financially help people in Greece?
Only way how this can works is if government in Greece decide to replace Euro with BTC but I don't think this will happen in the near future.
Even with BTC Greece will still have a lot financial debts and political crisis to solve.

exactly. and even if this idea can be funded through some kind of crowdfunding with generous bitcoin users, it is not going to solve the greece people's financial problems.

besides, right now if you hand them free bitcoin, they most probably will exchange it for fiat to be able to spend the money for their day to day needs.

[OrientA]

Do not give the coins. They will have to work to earn and use those coins gradually.

[TinEye]

yes it's much better a new currency (P2P)… how you found the btc for all greeks?
and how to explain to helder people this new way for send receive payment, if they don't use a smartphone or a pc?

are you convinced by this? if they start a p2p currency with their own blockchain, they would not be in a better position instead of going with their old dracma, both coin will be worthless, and the first will be seen as a scam, also i don't think any Government can seriously think about making a p2p currency, they look at them as a joke i believe, and don't forget that they will not have the control over it, this is a major let down for every government

[S4VV4S]

yes it's much better a new currency (P2P)… how you found the btc for all greeks?
and how to explain to helder people this new way for send receive payment, if they don't use a smartphone or a pc?

are you convinced by this? if they start a p2p currency with their own blockchain, they would not be in a better position instead of going with their old dracma, both coin will be worthless, and the first will be seen as a scam, also i don't think any Government can seriously think about making a p2p currency, they look at them as a joke i believe, and don't forget that they will not have the control over it, this is a major let down for every government

I don't think any Government will create a p2p decentralized currency.
A centralized currency definitely, but it is not now and it's not Greece.
It's too early for something like this to happen I think.

[manselr]

Why would anyone waste their money on Greeks anymore?

Bitcoin needs Greece, more than Greece needs Bitcoin.

Do you think that Greece will be an exception, and no other country is going to default on its debt? I don't think so. Several countries are going to follow the precedent set by Greece. And that is why Greece is important for us. If we can prove that Bitcoin can be used to help the Greeks, then imagine the acceptability we will get by the time of the second crisis.

No in the current state. The network is struggling with an ongoing attack, bring the Greek population in and we'll have some serious problems.
We need to fix the scalability problem before thinking about any of this, then we'll be ready.
Remember that BTC can only cope with 7 tx per second which is ridiculous to deal with a real economy.

[lorylore]

I read today that greece people are limited to use the ATM only for 60€ which is pretty low for a person living there.
That's why people are moving to bitcoin.

[aso118]

I read today that greece people are limited to use the ATM only for 60€ which is pretty low for a person living there.
That's why people are moving to bitcoin.

People don't have to move to Bitcoin. They just have to get their cash out of the banks.
It is the government control and the banks which are the problem. If they withdraw euros and stuff it under their pillow, they should be okay.

[Hopalong]

One of the biggest reason Greek economy is totaly fucked up is because people did not pay tax. If they where to adopt a crypto as currency they would have serious problems with tax collection and would go bankrupt faster than with any other currency.

[oblivi]

Beside some of the problems already mentioned here, i think one of the main problems would be the fact that most people are clueless and they would dump their BTC for euro as long as they figure out how the software works to do so. Remember Auroracoin? i think that is a good lesson in what happens wen you give people free coins.

[NewLiberty]

One of the biggest reason Greek economy is totaly fucked up is because people did not pay tax. If they where to adopt a crypto as currency they would have serious problems with tax collection and would go bankrupt faster than with any other currency.

That sort of depends on whether your goal is to save the Greek state, or help the Greek people...

The Greek state is not as bad off as some of the US states.  If the ECB is serious about keeping them from seceding, they will do something to keep them in the Eurozone.

[dothebeats]

Beside some of the problems already mentioned here, i think one of the main problems would be the fact that most people are clueless and they would dump their BTC for euro as long as they figure out how the software works to do so. Remember Auroracoin? i think that is a good lesson in what happens wen you give people free coins.

Teach them first how to use the software before giving them coins, But the idea of giving free bitcoins to Greeks isn't feasible; bitcoin isn't meant to save a state from its dying economy. If we were to give every Greek 1 bitcoin, that would cost us 11 million+ bitcoins, which is more than half of the entire supply of bitcoins in existence. Also, even if we were to divide bitcoins, say give them 0.1 per individual, that wouldn't do much if the exchange rate is still swinging between $270-$280. We cannot help them, sadly, but there are other ways. Maybe a loan from the world bank or something? But even that would take them to an even bigger debt.

[Hopalong]

One of the biggest reason Greek economy is totaly fucked up is because people did not pay tax. If they where to adopt a crypto as currency they would have serious problems with tax collection and would go bankrupt faster than with any other currency.

That sort of depends on whether your goal is to save the Greek state, or help the Greek people...

The Greek state is not as bad off as some of the US states.  If the ECB is serious about keeping them from seceding, they will do something to keep them in the Eurozone.

The state is the fundation of our civilization. They controll economy and make stuff happen. Without the state there will be no education, health care, military, road building and scientific reserarch. I dont think the greeks are ready to throw all of that out just yet.

[justusranvier]

The state is the fundation of our civilization. They controll economy and make stuff happen. Without the state there will be no education, health care, military, road building and scientific reserarch.

Cool story.

[Hopalong]

The state is the fundation of our civilization. They controll economy and make stuff happen. Without the state there will be no education, health care, military, road building and scientific reserarch.

Cool story.

Who do you think pay for police, roads and other stuff? Tooth fairy?

[justusranvier]

Who do you think pay for police, roads and other stuff? Tooth fairy?

There are people in the world who perform elaborate dances every week because they are absolutely convinced that without that ritual the sun won't come up in the morning, or winter will never turn into spring, etc.

If people want police, roads, and other stuff, then somebody will provide that service.

The idea that only the state can provide those things is a fairy tale. It's kind of embarrassing to live in a world where so many adults still believe in those kind of myths.

[gentlemand]

If people want police, roads, and other stuff, then somebody will provide that service.

The idea that only the state can provide those things is a fairy tale. It's kind of embarrassing to live in a world where so many adults still believe in those kind of myths.

It's possible in smaller communities where such things have direct impacts on the quality of life of the people you're associating with.

When you scale up it's human nature to not want to inconvenience oneself for the sake of unseen others despite making similar use of pooled facilities.

One anarcho capitalist commune is going to struggle somewhat to build a new railway. If you recruit a few others to join in, whaddya know you're mired in political manoeuvres again.