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July 11, 2015, 06:16:47 AM |
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Over the past week, the entire Greek economy was held hostage due to bank closures. This gave the EU a great deal of leverage in their negotiations with Tsipras. If Greek citizens had known how to use bitcoin, then it wouldn't have totally saved the day, but it would have eased the impact bank closures had on the economy, and this would have given the EU less leverage and therefore helped Tsipras to get a better deal with the EU. And remember this: when everything is back to normal and running smoothly, the average Greek citizen would continue to use the Euro and Greek banks and all that, even if they are using blockchain technology under the hood. So the Greek government would have little reason to fear or to oppose this payment rail system.
Tsipras should encourage a bitcoin payment rail system, and start NOW, so that if we have to do this all over again 3 years, the Greeks will be able to get a better deal with the EU.
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