Bitcoin Forum
May 12, 2024, 12:15:18 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: 2012-07-26 radicalsocialentreps.org - Open-source currencies on rise in Greece  (Read 816 times)
ben-abuya (OP)
Sr. Member
****
Offline Offline

Activity: 323
Merit: 250



View Profile WWW
July 26, 2012, 10:37:01 PM
 #1

Quote
In the shadow of the Euro Crisis, the people of the Greek city of Volos are taking their monetary future into their own hands.
Theodoros Mavridis and other Euro-strapped Greeks have founded a local currency system called TEM, an acronym for ‘Local Alternative Unit’ in Greek.

Although Bitcoin isn't mentioned by name but only linked to, it really looks like the Greeks are looking for alternative money and Bitcoin could be a great fit.

The link to Bitcoin is in the following paragraph:

Quote
As it stands, TEM is still a complement to the formal economy and not a replacement. Unlike other alternate currency projects, TEM credits don’t quite qualify as true money. They’re of limited use for saving because of the upward limit on balances and the system also lacks a way to lend at interest.

http://www.radicalsocialentreps.org/2012/07/open-source-currencies-on-the-rise-in-greece/

http://lamassubtc.com/
Lamassu Bitcoin Ventures
1715472918
Hero Member
*
Offline Offline

Posts: 1715472918

View Profile Personal Message (Offline)

Ignore
1715472918
Reply with quote  #2

1715472918
Report to moderator
1715472918
Hero Member
*
Offline Offline

Posts: 1715472918

View Profile Personal Message (Offline)

Ignore
1715472918
Reply with quote  #2

1715472918
Report to moderator
Activity + Trust + Earned Merit == The Most Recognized Users on Bitcointalk
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715472918
Hero Member
*
Offline Offline

Posts: 1715472918

View Profile Personal Message (Offline)

Ignore
1715472918
Reply with quote  #2

1715472918
Report to moderator
1715472918
Hero Member
*
Offline Offline

Posts: 1715472918

View Profile Personal Message (Offline)

Ignore
1715472918
Reply with quote  #2

1715472918
Report to moderator
1715472918
Hero Member
*
Offline Offline

Posts: 1715472918

View Profile Personal Message (Offline)

Ignore
1715472918
Reply with quote  #2

1715472918
Report to moderator
ArticMine
Legendary
*
Offline Offline

Activity: 2282
Merit: 1050


Monero Core Team


View Profile
July 26, 2012, 11:42:30 PM
 #2

Local currencies such as TEM can work very well with Bitcoin. All it takes is for someone in the local community to set up a Bitcoin / TEM exchange based on the relative market price of both currencies.

Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!