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Author Topic: Greece mulls Euro exit  (Read 6172 times)
muyuu
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May 18, 2012, 11:17:28 PM
 #41

Greece should:
1. Default on the loans they can't pay. Its just the ECB paying them right now anyway.
2. Now, they would no longer be able to loan a dime.

I'm not even sure about that. Free of debt economy being built with motivated population? Might be a good investment... get in early Wink

They should do 1. and then make their own currency. I read they have some gold, just use that to back it and jump in the boat with russia, china,... (who will do the same at some point) and be the first of european nations to have sound money.

If they did that they'd be the richest nation in Europe by 2020.

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May 19, 2012, 05:24:03 AM
 #42

Greeks are still in fantasyland and not wanting to get out:

THREE FANTASYLAND IDEAS
1. The euro is a good thing for Greece
2. It is possible for Greece to stay on the euro but default on debt
3. Greece can recover in the eurozone

Merkel is doing her best to convince Greeks that number 2 is not possible and she is correct on that score. She is also promoting the Fantasland positions numbers 1 and 3.

Mish, FRI, MAY 18, 2012
http://www.safehaven.com/article/25487/merkel-to-approach-greece-with-growth-proposals-while-asking-for-referendum-on-euro

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May 19, 2012, 05:33:16 AM
 #43

Greece should:
1. Default on the loans they can't pay. Its just the ECB paying them right now anyway.
2. Now, they would no longer be able to loan a dime.

I'm not even sure about that. Free of debt economy being built with motivated population? Might be a good investment... get in early Wink

They should do 1. and then make their own currency. I read they have some gold, just use that to back it and jump in the boat with russia, china,... (who will do the same at some point) and be the first of european nations to have sound money.

If they did that they'd be the richest nation in Europe by 2020.

How will they stop the bankers from confiscating the gold.... when you go bankrupt your creditors get to split up all your assets.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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molecular
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May 19, 2012, 06:05:26 AM
 #44

Greece should:
1. Default on the loans they can't pay. Its just the ECB paying them right now anyway.
2. Now, they would no longer be able to loan a dime.

I'm not even sure about that. Free of debt economy being built with motivated population? Might be a good investment... get in early Wink

They should do 1. and then make their own currency. I read they have some gold, just use that to back it and jump in the boat with russia, china,... (who will do the same at some point) and be the first of european nations to have sound money.

If they did that they'd be the richest nation in Europe by 2020.

How will they stop the bankers from confiscating the gold.... when you go bankrupt your creditors get to split up all your assets.

That's not necessarily true. You might get to keep a minimum for survival (300 tons of gold is not unreasonable, also: Bill Gates said civilized people don't want gold, so the bankers should be civilized).

Also: Russian military will protect their "fellow free market allies", threatening to nuke the City of London Wink

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May 19, 2012, 06:07:28 AM
 #45

Greece should:
1. Default on the loans they can't pay. Its just the ECB paying them right now anyway.
2. Now, they would no longer be able to loan a dime.

I'm not even sure about that. Free of debt economy being built with motivated population? Might be a good investment... get in early Wink

They should do 1. and then make their own currency. I read they have some gold, just use that to back it and jump in the boat with russia, china,... (who will do the same at some point) and be the first of european nations to have sound money.

If they did that they'd be the richest nation in Europe by 2020.

How will they stop the bankers from confiscating the gold.... when you go bankrupt your creditors get to split up all your assets.

That's not necessarily true. You might get to keep a minimum for survival (300 tons of gold is not unreasonable, also: Bill Gates said civilized people don't want gold, so the bankers should be civilized).

Also: Russian military will protect their "fellow free market allies", threatening to nuke the City of London Wink


1. Who said bankers were civilized?
2. WWIII here we come.

https://www.bitcoin.org/bitcoin.pdf
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May 19, 2012, 06:41:07 AM
 #46

Greece should:
1. Default on the loans they can't pay. Its just the ECB paying them right now anyway.
2. Now, they would no longer be able to loan a dime.

I'm not even sure about that. Free of debt economy being built with motivated population? Might be a good investment... get in early Wink

They should do 1. and then make their own currency. I read they have some gold, just use that to back it and jump in the boat with russia, china,... (who will do the same at some point) and be the first of european nations to have sound money.

If they did that they'd be the richest nation in Europe by 2020.

How will they stop the bankers from confiscating the gold.... when you go bankrupt your creditors get to split up all your assets.

That's not necessarily true. You might get to keep a minimum for survival (300 tons of gold is not unreasonable, also: Bill Gates said civilized people don't want gold, so the bankers should be civilized).

Also: Russian military will protect their "fellow free market allies", threatening to nuke the City of London Wink


1. Who said bankers were civilized?
2. WWIII here we come.

ok, damnit. let me rephrase:

They The whole world should do 1. (default) and then make their own currency let the markets decide what to use for money.

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May 19, 2012, 10:41:04 AM
 #47

Greece should:
1. Default on the loans they can't pay. Its just the ECB paying them right now anyway.
2. Now, they would no longer be able to loan a dime.

I'm not even sure about that. Free of debt economy being built with motivated population? Might be a good investment... get in early Wink

They should do 1. and then make their own currency. I read they have some gold, just use that to back it and jump in the boat with russia, china,... (who will do the same at some point) and be the first of european nations to have sound money.
Yeah probably, I'm guessing a smaller amount though and not the first months/year.

Would be better for them if they didn't loan and fixed things instead.

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May 19, 2012, 03:29:27 PM
 #48

and be the first of european nations to have sound money.

First?  Remember the pound, also called the pound sterling, as in silver.  The pound USED to be this sound money you speak of. 

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muyuu
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May 19, 2012, 03:35:20 PM
 #49

and be the first of european nations to have sound money.

First?  Remember the pound, also called the pound sterling, as in silver.  The pound USED to be this sound money you speak of. 

First to have it now.

Most European nations had sound money once upon a time, the Greeks already did even before Roman times.

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molecular
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May 19, 2012, 03:41:39 PM
 #50

and be the first of european nations to have sound money.

First?  Remember the pound, also called the pound sterling, as in silver.  The pound USED to be this sound money you speak of. 

First to have it now.

Most European nations had sound money once upon a time, the Greeks already did even before Roman times.

there has probably been use of sound money even before recording of history started, so yes: "be the first to go back to sound money".

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May 19, 2012, 08:39:14 PM
 #51

Guys! We've derailed the thread. We are supposed to be discussing how we can get the Greeks to buy into Bitcoin.

Also, Argentina has also implemented capital controls. We need to take advantage of this golden opportunity! With $4bn a week leaving Greece, even a tiny percentage of that would be great for bitcoin. Not only in bringing more capital into our economy but also, if the media picks up the story that people are going to bitcoin as a 21st century capital control evasion method, this could be very big indeed.

http://www.youtube.com/watch?v=Ys0B0TFFVbw&feature=g-all-u

(They are even using sniffer dogs to catch people smuggling dollars. I'd like to see them try sniffing bitcoins Tongue)

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May 19, 2012, 08:40:44 PM
 #52

Lets get that Greek translation bounty going! Who is in? *Raises own hand*

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May 19, 2012, 09:18:59 PM
 #53

Lets get that Greek translation bounty going! Who is in? *Raises own hand*

apparently multibits greek translation is 88% done: http://translate.multibit.org/project/multibit/el

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May 19, 2012, 09:47:40 PM
 #54

Given the scale of what is about to unfold on the international financial markets, I think we're about to get a field test of how good bitcoin is for people circumventing capital controls.
This is going to be very, very interesting.

+1

The is one of the largest benefits of Bitcoin: for surviving governmental SHTF episodes.
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May 19, 2012, 09:51:27 PM
 #55

I'll chip in 1 BTC to a greek translation bounty.

Will tutor physics or perform DFT calculations for Bitcoin (PM me!): 1jackkHHCLtxryJFAnPhrbvfcomtvXSzg
GideonGono
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May 19, 2012, 09:53:54 PM
 #56

Lets get that Greek translation bounty going! Who is in? *Raises own hand*

apparently multibits greek translation is 88% done: http://translate.multibit.org/project/multibit/el

any idea if the main client is available in greek?

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May 19, 2012, 10:41:52 PM
 #57

Lets get that Greek translation bounty going! Who is in? *Raises own hand*

apparently multibits greek translation is 88% done: http://translate.multibit.org/project/multibit/el

any idea if the main client is available in greek?

Is this it?

https://github.com/bitcoin/bitcoin/blob/master/src/qt/locale/bitcoin_el_GR.ts

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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May 19, 2012, 10:47:08 PM
 #58

Looks like there are a few missing... just fill in any of these:
Code:
<translation type="unfinished"/>
like this:
Code:
<translation>Δημιούργησε νέα διεύθυνση</translation>

If you don't know how to use github, dump it in pastebin and I'll upload it to github and issue a pull request.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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May 20, 2012, 07:03:32 AM
 #59

If you are translating the bitcoin information to greek, start the spanish translation too because is the next country going into bankrupcy. Assets are leaving the country in a high speed because the government is planning to aprove a wealth tax again and some banks are being nationalized.

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May 20, 2012, 08:00:43 AM
 #60

Guys! We've derailed the thread. We are supposed to be discussing how we can get the Greeks to buy into Bitcoin.

Go to Greece and spent a week on the streets yelling about bitcoin/hand out some flyers.

Its how most grassroots and political parties do it - get the attention of a few hundred, then hope they tell 2 others each.

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