A 100 Million dollar investment in Greece. $10/btc for each citizen. Crowdsource

[CtrlAltBernanke420]

This will create a stir. If it can be organized properly, why not create an thorough 1-2page guide explaining the new system and how works and why it could be better, and how to use bitcoin safely. It is an experiment.. With the Greek people. "Were going to the Bitcoin"


An obvious point to make out that is a problem for bitcoin is simply if it works out, some few peoepl have a lot to gain, even if only a brief adoption occurs…

I think having bitcoin as the main currency is a scary scenario in itself. Isn't fear already a driver of the economy. However being ruled by a small elite sucks too. Having a bunk debt based globally organized economy is also.


~420,000k bitcoins. What if Varoufakis were to drop the B word in negotiations. "Fine, were going to Bitcoin and the drachma/combo."

Bitcoin/blockchain could keep the new greek government fiat currency democratic.


If done properly, the coins could be portioned off early enough, and become worth many times by the time the greek people get them….


On announcement the global markets could go nuts for Bitcoins… A lot of flaws may be found… but who knows, this could be in an interesting moment…

[maurya78]

Varoufakis is a closet commie - he is as ideologically opposed to cryptos as he is to running a handout-free, clean administration that is not built on unsustainable debt

[Beliathon]

Right, because ten dollars per citizen is TOTALLY going to solve Greece's problems. /eyeroll

[CtrlAltBernanke420]

Right, because ten dollars per citizen is TOTALLY going to solve Greece's problems. /eyeroll

it opens the doors to the people of greece. Gets them educated.. and within a few years who knows they could be the leading economy.. doubtful but in better position.. And if greece makes its own currency again the block chain could be used to keep it check.

[bryant.coleman]

Educating 10.5 million Greeks about Bitcoin is going to take ages, especially with the numbers we are having at our side. 

May be we should try popularize Bitcoin at major Greek Universities first.

[innocent93]

But what if all Greeks dump their 10$ Bitcoin? But it's good thing that whole country will know about Bitcoin.

[doof]

If people aren't happy with their local currency, they should do their own research and draw their own conclusions.  Better to put in btc infrastructure than to throw money at the problem.

[bryant.coleman]

But what if all Greeks dump their 10$ Bitcoin? But it's good thing that whole country will know about Bitcoin.

First of all, from where the sponsors will get $100 million worth of Bitcoins? At present exchange rate, it represents somewhere between BTC400,000 and BTC450,000. Collecting that much coins will be hard.

[mercistheman]

It wouldn't cost much to run full page ads in their papers (online or hard copy)... with links to educational materials and wallets

[PenguinFire]

This is such a joke.  It wouldn't create a dint in Greece's debt unfortunately.

[Kprawn]

Well, someone did post a thread on that on here : https://np.reddit.com/r/greece/comments/2whv3r/psa_if_youre_worried_about_a_run_on_the_banks/?limit=500 {This is what is left of it}

We then started to educate them on using Bitcoin as a alternative/backup currency...... The shills/trolls picked up on it and they totally took over the thread.

The Pro / Anti Bitcoin war started and it went offtopic VERY quickly.

The moderators had to take over and they deleted most of the discussions that took place there. What is left after all of that, is a few of my posts, where I explained some of the basics of Bitcoins.

It is going to be difficult to get the message to them, because these shills / trolls are everywhere... It would be better if someone like Andreas could go there, and have meetups with them, to discuss the matter.  

[POWCOIN]

This will create a stir. If it can be organized properly, why not create an thorough 1-2page guide explaining the new system and how works and why it could be better, and how to use bitcoin safely. It is an experiment.. With the Greek people. "Were going to the Bitcoin"


An obvious point to make out that is a problem for bitcoin is simply if it works out, some few peoepl have a lot to gain, even if only a brief adoption occurs…

I think having bitcoin as the main currency is a scary scenario in itself. Isn't fear already a driver of the economy. However being ruled by a small elite sucks too. Having a bunk debt based globally organized economy is also.


~420,000k bitcoins. What if Varoufakis were to drop the B word in negotiations. "Fine, were going to Bitcoin and the drachma/combo."

Bitcoin/blockchain could keep the new greek government fiat currency democratic.


If done properly, the coins could be portioned off early enough, and become worth many times by the time the greek people get them….


On announcement the global markets could go nuts for Bitcoins… A lot of flaws may be found… but who knows, this could be in an interesting moment…

they should just make their own crypto on a blockchain or make a counterparty asset. and distribute 1M of the new coin to each citizens. mandate the local businesses must accept. it or bitcoin dont pay any of the debt problem solved

[CtrlAltBernanke420]

This will create a stir. If it can be organized properly, why not create an thorough 1-2page guide explaining the new system and how works and why it could be better, and how to use bitcoin safely. It is an experiment.. With the Greek people. "Were going to the Bitcoin"


An obvious point to make out that is a problem for bitcoin is simply if it works out, some few peoepl have a lot to gain, even if only a brief adoption occurs…

I think having bitcoin as the main currency is a scary scenario in itself. Isn't fear already a driver of the economy. However being ruled by a small elite sucks too. Having a bunk debt based globally organized economy is also.


~420,000k bitcoins. What if Varoufakis were to drop the B word in negotiations. "Fine, were going to Bitcoin and the drachma/combo."

Bitcoin/blockchain could keep the new greek government fiat currency democratic.


If done properly, the coins could be portioned off early enough, and become worth many times by the time the greek people get them….


On announcement the global markets could go nuts for Bitcoins… A lot of flaws may be found… but who knows, this could be in an interesting moment…

they should just make their own crypto on a blockchain or make a counterparty asset. and distribute 1M of the new coin to each citizens. mandate the local businesses must accept. it or bitcoin dont pay any of the debt problem solved

Can we end the debt system?

[lyth0s]

People in Greece shouldn't just be handed the bitcoins. They may very well just sell their coins on an exchange leading to a huge bitcoin price dump without becoming useful to them at all.


If it were to be done Greece would first have to require that all licensed companies must first obtain bitcoin wallets. Then they would have to set national standards for what the price of staples and basic commodities would be in bitcoin, such as 1 standard loaf of bread will cost 0.005 bitcoins (no matter what the bitcoin->Euro conversion is) guaranteed by the governments backing for the next x period of time (6 months for example). Then companies could use the price of these staples to determine what the relative value of their goods should cost. IE 1 soda from a fast food joint should cost the price of 1 loaf of bread or a car would be 20,000 loafs of bread (and thus 100 bitcoins etc) and then let the market decided who's competitive and who is not.

Only then would it make sense to implement bitcoin as their national currency whether it be crowdfunded or funded by their own government.

[Lethn]

Right, because ten dollars per citizen is TOTALLY going to solve Greece's problems. /eyeroll

it opens the doors to the people of greece. Gets them educated.. and within a few years who knows they could be the leading economy.. doubtful but in better position.. And if greece makes its own currency again the block chain could be used to keep it check.

Look, I can get where you're coming from, if for instance you had a country with no or very little deficit that could actually work in getting their attention, but the problem is the people in these countries don't WANT to fix their problems which is the reason for my position that these people who don't listen in the first place need to be left to their own devices. As bad as it might seem these are the kind of people who will only do something if they face total disaster and even then that's not necessarily going to move them any further into fixing their economic problems.

The problem with countries like Greece isn't necessarily economic, it's ideological, they insist on empire building, deficit spending and money printing even if it puts all their people in poverty, it's only when they see that their ideology has failed that they'll move onto something new. Our time is better spent on people who are more open minded and will actually look at Bitcoin instead of just simply dismissing it as if it's nothing.

[BillyBobZorton]

Right, because ten dollars per citizen is TOTALLY going to solve Greece's problems. /eyeroll

it opens the doors to the people of greece. Gets them educated.. and within a few years who knows they could be the leading economy.. doubtful but in better position.. And if greece makes its own currency again the block chain could be used to keep it check.

It's better than nothing but it's really that.. nothing.
Most people aren't cut to be entrepreneurs so Bitcoin would only be another way to consume money and be broke quick again.
Also Varoufakis doesnt believe Bitcoin can be run as a official coin of a country.

[pooya87]

i don't think giving people money will ever solve any problem it never will. in this case handing people bitcoin will just cause a surge of sell in the market

[dimez]

People in Greece shouldn't just be handed the bitcoins. They may very well just sell their coins on an exchange leading to a huge bitcoin price dump without becoming useful to them at all.


If it were to be done Greece would first have to require that all licensed companies must first obtain bitcoin wallets. Then they would have to set national standards for what the price of staples and basic commodities would be in bitcoin, such as 1 standard loaf of bread will cost 0.005 bitcoins (no matter what the bitcoin->Euro conversion is) guaranteed by the governments backing for the next x period of time (6 months for example). Then companies could use the price of these staples to determine what the relative value of their goods should cost. IE 1 soda from a fast food joint should cost the price of 1 loaf of bread or a car would be 20,000 loafs of bread (and thus 100 bitcoins etc) and then let the market decided who's competitive and who is not.

Only then would it make sense to implement bitcoin as their national currency whether it be crowdfunded or funded by their own government.

the absolute truth. never received the money just does not benefit the economy. country must make for yourself

[cakir]

How about Greeks stop borrowing money and start to work to produce something?

If they start to produce they'll be able to pay their debts.

[Velkro]

Right, because ten dollars per citizen is TOTALLY going to solve Greece's problems. /eyeroll

Most insane proposition ever, giving money won't solve anything, like fish.... fishing rod is better