Bitcoin Forum
November 19, 2017, 09:04:03 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: what happen in cyprus that led to their troubles?  (Read 811 times)
pumawolf
Sr. Member
****
Offline Offline

Activity: 479



View Profile
March 21, 2013, 10:20:06 PM
 #1

 what events took place that led up to  this bs.     
1511082243
Hero Member
*
Offline Offline

Posts: 1511082243

View Profile Personal Message (Offline)

Ignore
1511082243
Reply with quote  #2

1511082243
Report to moderator
1511082243
Hero Member
*
Offline Offline

Posts: 1511082243

View Profile Personal Message (Offline)

Ignore
1511082243
Reply with quote  #2

1511082243
Report to moderator
1511082243
Hero Member
*
Offline Offline

Posts: 1511082243

View Profile Personal Message (Offline)

Ignore
1511082243
Reply with quote  #2

1511082243
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1511082243
Hero Member
*
Offline Offline

Posts: 1511082243

View Profile Personal Message (Offline)

Ignore
1511082243
Reply with quote  #2

1511082243
Report to moderator
notbrain
Jr. Member
*
Offline Offline

Activity: 41


What u resist, persists; what u look at disappears


View Profile
March 21, 2013, 10:31:49 PM
 #2

what events took place that led up to  this bs.     

This spells it out pretty well:

1) http://endthelie.com/2013/03/17/the-controlled-demolition-of-cyprus/#axzz2ODTD1S9o

and the follow-up:

2) http://endthelie.com/2013/03/19/ensuring-bad-outcomes-what-cyprus-tells-us-about-the-world/#axzz2ODTD1S9o

HTML, CSS, jQuery, Symfony [PHP], Playframework [Java, Scala], Ruby/Rails, Python, AWS, Scalable/Cloud Systems Infrastructure
BTC: 14LicLheLmMf7mvLSiA3AqtTBjVxcyYGxQ
BalkanBoy
Jr. Member
*
Offline Offline

Activity: 50


View Profile
March 21, 2013, 10:36:20 PM
 #3

what events took place that led up to  this bs.     

greed and avoidance of personal responsibility at all cost (at its core)... or you can read the articles notbrain put up for a nice story.
rebuilder
Legendary
*
Offline Offline

Activity: 1618



View Profile
March 21, 2013, 11:04:15 PM
 #4

I thought Michael Lewis' series of articles on the subject was at least informative:

http://longform.org/search?utf8=%E2%9C%93&query=michael+lewis+world+tour

I'm not sure I buy all of it, I'm sceptical of any complete explanation of a complex phenomenon, but the series is a good read in any case.

Selling out to advertisers shows you respect neither yourself nor the rest of us.
---------------------------------------------------------------
Too many low-quality posts? Mods not keeping things clean enough? Self-moderated threads let you keep signature spammers and trolls out!
Littleshop
Legendary
*
Offline Offline

Activity: 1316



View Profile WWW
March 21, 2013, 11:19:15 PM
 #5

Sorry, it is not some grand conspiracy theory or overspending like in the USA or complex financial instruments.  This was a simple case of lax lending standards and doubling down at the worst time by private companies.  While the government is also in debt, this is not the primary problem right now.

The problem was the BANKS lent money too easily.   To make things worse they bought GREEK government bonds when they where 'cheap'.  OOPS.  When Greece collapsed, that was it.   Now the BANKS not the government does not have enough money to cover deposits.  So in effect this is where deposit insurance should come into play.  But there is not enough money there because the mistakes were HUGE.

If anything what should happens is all of the banks should be taken over by the government the same way that banks are taken over in the US by the FDIC.  The government should make the depositors whole but anyone who OWNED the banks or the banks stocks should be TOTALLY SOL.  The banks are bankrupt!   If needed, bank assets should be sold off to pay depositors or depositors should now own the banks DEBT FREE and the banks debts (not deposit debts) discharged in bankruptcy. 


Elwar
Legendary
*
Offline Offline

Activity: 2282


www.bitpools.com


View Profile WWW
March 21, 2013, 11:32:29 PM
 #6

Too many people dropping fiat and putting it into Bitcoin.

http://www.bitpools.com
Pool your bitcoins with others. Vote on solutions using the Bitcoin blockchain. Keep your bitcoins in your cold storage until you find a solution you like.
Links and Reviews of useful every day places to spend bitcoins: https://bitcointalk.org/index.php?topic=943143.0
pumawolf
Sr. Member
****
Offline Offline

Activity: 479



View Profile
March 22, 2013, 04:28:22 AM
 #7

thanks for the info  guys ( gals). i have learned alot thr this forum. its easy to learn here, 5 post no trolls, people here actually want to help one another here. it feels like its all comin together,  bitcoins  brought all the good people together. take care fellas.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!