Yanis-Varoufakis-Greece, Bitcoin WILL save them from Europe. It won't be pretty.

[indiemax]

nothing can save Greece, they are fU%£ed 

[pat1900]

Why Greece Should Not Switch To Bitcoin

In some discussions about Greece exiting the euro, it has been suggested that Greece should swap the euro for bitcoin. At first glance, bitcoin may appear to be the cure. But if the euro is the problem, switching to Bitcoin would be like trying to cure a headache with a bullet to the brain.

http://techcrunch.com/2015/02/28/why-greece-should-not-switch-to-bitcoin/?ncid=rss

It would be pretty bullish for Bitcoin if Greece adopted it

After reading Yanis Varoufakis' blog posts I see a good chance that he introduces some other form of cryptocurrency e.g. his FTaxCoin idea. This would draw a lot of international attention to the world of cryptos and would also be quite bullish for Bitcoin.

[chek2fire]

maybe Satoshi Nakamoto and Bitcoin technology is deus ex machina for Greek economy. I think in the next month we will see many suprises from Varoufakis and the greek goverment.

[thejaytiesto]

maybe Satoshi Nakamoto and Bitcoin technology is deus ex machina for Greek economy. I think in the next month we will see many suprises from Varoufakis and the greek goverment.

They don't have the balls needed to be insane enough to accept Bitcoin... the first that does it is risking a lot since its experimental.

[JohnnyBTCSeed]

Max Keiser is addressing it in his program:

Keiser Report: Can Bitcoin save Greece? (E724)
https://www.youtube.com/watch?v=3s7UVY5yv7Y

Nothing can save Greece.

They want to consume more than they produce, forever.

There's no way to make that happen anywhere in the world

This is one of the best posts in a this thread. Followed by the suggestion for them to create their own crypto coin or even adapt a coin besides bitcoin, hint there are several with good security to choose from.


However, if greece wants to save themselves then they should take a page from iceland. Put the bankers and politicians who caused the mess in jail. The greece debt is a fraud against their people. Jail the fucking bankers, like iceland did. Does iceland need bitcoin to save iceland?

[pazor_true]

if greece leaves the eurozone, shortly portuguese, spain, italy, france will follow
the end of united europe will come

and why germany refuses the return of their loan of 476 Bilion Reichsmark to greece taken in second world war ?

[oblivi]

Max Keiser is addressing it in his program:

Keiser Report: Can Bitcoin save Greece? (E724)
https://www.youtube.com/watch?v=3s7UVY5yv7Y

Nothing can save Greece.

They want to consume more than they produce, forever.

There's no way to make that happen anywhere in the world

This is one of the best posts in a this thread. Followed by the suggestion for them to create their own crypto coin or even adapt a coin besides bitcoin, hint there are several with good security to choose from.


However, if greece wants to save themselves then they should take a page from iceland. Put the bankers and politicians who caused the mess in jail. The greece debt is a fraud against their people. Jail the fucking bankers, like iceland did. Does iceland need bitcoin to save iceland?

Lol, tons of Greece people are legit poor these days, they can't even eat and pay basic necesities, how do they want to consume more than they want to produce if they can't even meet basic needs.

[CtrlAltBernanke420]

Max Keiser is addressing it in his program:

Keiser Report: Can Bitcoin save Greece? (E724)
https://www.youtube.com/watch?v=3s7UVY5yv7Y

Nothing can save Greece.

They want to consume more than they produce, forever.

There's no way to make that happen anywhere in the world

This is one of the best posts in a this thread. Followed by the suggestion for them to create their own crypto coin or even adapt a coin besides bitcoin, hint there are several with good security to choose from.


However, if greece wants to save themselves then they should take a page from iceland. Put the bankers and politicians who caused the mess in jail. The greece debt is a fraud against their people. Jail the fucking bankers, like iceland did. Does iceland need bitcoin to save iceland?

Yes their economy is crap and capital controls are at an all time high.

Its very difficult to import anything and or to move money where you want to….

Have you heard of auroacoin… It was a good idea and still is, perhaps a few years to early and employed in the wrong or rushed way.

[CtrlAltBernanke420]

Max Keiser is addressing it in his program:

Keiser Report: Can Bitcoin save Greece? (E724)
https://www.youtube.com/watch?v=3s7UVY5yv7Y

Nothing can save Greece.

They want to consume more than they produce, forever.

There's no way to make that happen anywhere in the world

This is one of the best posts in a this thread. Followed by the suggestion for them to create their own crypto coin or even adapt a coin besides bitcoin, hint there are several with good security to choose from.


However, if greece wants to save themselves then they should take a page from iceland. Put the bankers and politicians who caused the mess in jail. The greece debt is a fraud against their people. Jail the fucking bankers, like iceland did. Does iceland need bitcoin to save iceland?

Lol, tons of Greece people are legit poor these days, they can't even eat and pay basic necesities, how do they want to consume more than they want to produce if they can't even meet basic needs.

This is why they need to walk away from the euro while adopting a debt free currency.. You make it sound like the mess throughout the euro, not just greece is going to go away if greece can somehow pay its debts… that is nonsense, they might be able to kick the can down the road by a few more years but I'm not sure who benefits except from a very small pool of bankers, who for all i can drown at the bottom of. Eventually everyone will go hungry at this rate.

[Beliathon]

Greece today is a direct view of the ongoing divorce between capitalism and democracy. All things considered I would have expected much more violence.

Or maybe Greece is just the tip of a monster iceberg globally. Is anyone still steering this ship? Methinks not.

[OROBTC]

...

Beliathon

Greece may be just getting warmed up.  Historically, countries can fall a long way down until they hit bottom.  The violence may come later.

I would characterize Greece's plight NOT as a failure of Capitalism because it was never tried in Greece.  Greece has had a corrupt oligarchy running the place...  If I had had Greek in-laws, there would have been NO WAY we could have built a business, from scratch, to the success we have had in PERU.

*   *   *

+ 1 for your observation that a monster global iceberg may be lurking...

The rest of Europe is not looking good either (ex-Germany).  The USA has its own problems that are likely to get worse (IMO).

Japan is very weak.  Even China has big problems not often recognized by casual observers.

[Kprawn]

Max Keiser is addressing it in his program:

Keiser Report: Can Bitcoin save Greece? (E724)
https://www.youtube.com/watch?v=3s7UVY5yv7Y

Nothing can save Greece.

They want to consume more than they produce, forever.

There's no way to make that happen anywhere in the world

This is one of the best posts in a this thread. Followed by the suggestion for them to create their own crypto coin or even adapt a coin besides bitcoin, hint there are several with good security to choose from.


However, if greece wants to save themselves then they should take a page from iceland. Put the bankers and politicians who caused the mess in jail. The greece debt is a fraud against their people. Jail the fucking bankers, like iceland did. Does iceland need bitcoin to save iceland?

I like the way you think... 

The problem with this, most bankers are backed by government and politicians are voted by the public. The people should elect the right people and they will keep the bankers in place.

Your "vote" is your strongest tool to correct the wrongs in your country.

If you throw all of them in jail, you will create a experience vacuume, that needs to be filled with unknown new entities, at possibly higher salaries.

Not all of them are corrupt, rather identify the corrupt individuals and get rid of them to set the example to the rest. 

[OpenOcean]

I have been trying to get blockchains and Bitcoin going in Albania too. If you think property rights are a problem in Greece, you have not seen their neighbors to the West.

[brekyrself]

http://www.ekathimerini.com/4dcgi/_w_articles_wsite2_1_03/03/2015_547856

Instead of stimulating business growth they now want to waste time and $$$ to analyze bank accounts of the unemployed?  There will ALWAYS be people who cheat the system.  Implement a system that creates an acceptable amount of "tax slippage" and move on, you will never be able to collect every bit of taxes.

When will citizens start demanding their elected PUBLIC officials start using a PUBLIC ledger for expenditures?