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Author Topic: 2012-06-12 Are Bitcoins Becoming Europe's New Safe Haven Currency?  (Read 2677 times)
Yankee (BitInstant) (OP)
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Charlie 'Van Bitcoin' Shrem


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June 18, 2012, 06:44:44 PM
Last edit: June 18, 2012, 08:08:08 PM by Yankee (BitInstant)
 #1

EDIT: Source: http://www.dailyfinance.com/2012/06/18/bitcoins-euro-europe-safe-haven-currency/


Quote
Are Bitcoins Becoming Europe's New Safe Haven Currency?

By Ross Kenneth Urken
Posted 1:23PM 06/18/12

 Joerg Platzer, a German who owns the Room 77 restaurant in Berlin's hip Kreuzberg section, has lost his appetite for euros. Instead, he has put a large fraction of his money into Bitcoin, an online currency.

"What the euro crisis and possible breakdown does is make people think about alternative [currencies] that can be used to maintain business and that cannot be manipulated by any central organization whatsoever," he told DailyFinance.

.........

Euro hit 9% of the Bitcoin market thanks to an uptick in buyers from Greece, Italy, Spain and the Netherlands, according to Charlie Shrem, CEO of BitInstant, a New York company that allows clients to move money between Bitcoin and other currencies. Shrem's firm attributes the recent rise in euros exchanged for bitcoins to the worsening crisis in Europe and people seeking financial asylum in digital form.

........

"I have Greek friends who fear that Greece will drop out of the euro, and all of their money will be converted to the drachma," Shrem said. "And then even a cup of coffee would get pretty expensive for them, because inflation will skyrocket like what we saw in Zimbabwe."


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elux
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June 18, 2012, 07:14:13 PM
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Post link to source? Wink
Yankee (BitInstant) (OP)
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Charlie 'Van Bitcoin' Shrem


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June 18, 2012, 08:08:19 PM
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Sorry my bad, done.

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June 18, 2012, 08:23:20 PM
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They spell Jon Matonis' name three different ways in three paragraphs in that article:

Quote
"It's as safe as the cryptography," Matoris said. "And the cryptography has been peer-reviewed, and it currently enjoys the mathematical trust of the cryptography community."

"These individuals moving their value from euros to Bitcoin are trusting the cryptographic algorithms," Matonis said. "If they store the private keys themselves, then they do not even have to trust a third-party entity."

The Future of Bitcoin

Though Martonis believes that traditional banking is "in decline" and that Bitcoin possesses important advantages for Europeans at the moment, the digital currency hasn't necessarily proven itself as a fully universal platform.

Really?

I'm selling great Minion Games like The Manhattan Project, Kingdom of Solomon and Venture Forth at 4% off retail starting June 2012. PM me or go to my thread in the Marketplace if you're interested.

For Settlers/Dominion/Carcassone etc., I do email gift cards on Amazon for a 5% fee. PM if you're interested.
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June 18, 2012, 11:52:05 PM
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The comment section is full of horribly ignorant comments.

Raoul Duke
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June 19, 2012, 12:23:11 AM
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Luke-Jr is missing on the comment section lol
Yankee (BitInstant) (OP)
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Charlie 'Van Bitcoin' Shrem


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June 19, 2012, 01:12:41 AM
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Luke-Jr is missing on the comment section lol

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Electronic money is In agenda of the New World Order (control an domination by the rich few), your entire savings could be wiped out with one EMP or one clik of the dictators mouse. Gee with "kill" lists, legalized killing of old people, clik to kill humans via clk of mouse (drones) flying over USA, and every skunk in the world in power positions in govt, what will be next.
DID YOU KNOW THAT SOME SAY THE JEWISH W = 6, THUS WWW COULD BE LOOKED AT AS 666. Don't ever accept the Mark of the beast (computer chip in your body, hand, or forehead)

You gotta admit, these commentaries get creative...

Bitcoin pioneer. An apostle of Satoshi Nakamoto. A crusader for a new, better, tech-driven society. A dreamer.

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Raoul Duke
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June 19, 2012, 01:19:18 AM
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Yes, creative indeed.

Luke would show to those religious freaks that it's possible to believe in Bitcoin and Jesus at the same time.
Just wait till they see the prayers embeded on the blockchain. They'll start to love Bitcoin in no time Wink
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June 19, 2012, 01:19:58 AM
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Hail mary! But the current pope is a fraud. lol

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June 19, 2012, 01:27:04 AM
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Yes, creative indeed.

Luke would show to those religious freaks that it's possible to believe in Bitcoin and Jesus at the same time.
Just wait till they see the prayers embeded on the blockchain. They'll start to love Bitcoin in no time Wink


meh.. I'm happy for the religious freaks to misunderstand it and miss out on a slice of the new economy.
In a world where money buys influence - this is a great way to help disenfranchise some of the nutbags.

Luke-Jr is a disturbing anomaly Tongue

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June 19, 2012, 01:29:33 AM
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Wait till they start embedding the koran in the blockchain....

Raoul Duke
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June 19, 2012, 01:30:47 AM
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Luke-Jr is a disturbing anomaly Tongue

A glitch on the Matrix, I tell you...

Wait till they start embedding the koran in the blockchain....

The rights are the same. If Christian stuff gets embeded so can be Islamic stuff. No problem for me.
I'll just pay some pool-op to embed some Mayan mumbo-jumbo Tongue
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June 19, 2012, 02:54:16 PM
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On reddit/r/finance/: Are Bitcoins Becoming Europe's New Safe Haven Currency?
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June 19, 2012, 04:46:35 PM
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Hail mary! But the current pope is a fraud. lol

TAKE THAT BACK! He may be a psychotic pedophile, but he's still German, so you gotta love him!

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June 19, 2012, 05:21:35 PM
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Hail mary! But the current pope is a fraud. lol

TAKE THAT BACK! He may be a psychotic pedophile, but he's still German, so you gotta love him!

http://the-militant-atheist.org/images/evil-pope4.jpg
lol. I was just parroting some of the things that Luke-Jr has said in the past.

Mining Rig Extraordinaire - the Trenton BPX6806 18-slot PCIe backplane [PICS] Dead project is dead, all hail the coming of the mighty ASIC!
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