Quote from: RenegadeMan on June 21, 2015, 04:06:00 AM

Quote from: Ignition75 on June 21, 2015, 03:44:24 AM

I would have expected to see more fiat coming into BTC from the Europe Zone at sites like this http://fiatleak.com/

Perhaps the Greeks aren't using the exchanges covered on that site.

It just goes to show you how tiny and minuscule is Bitcoin and the public's awareness of Bitcoin. I'd hazard to guess that millions of Greeks are physically going down to their banks to withdraw physical Euros and put them under their mattresses (I expect we may see lots of crime as physical notes are flapping around in a multitude of insecure and volatile situations). As the article said (bearing in mind it's NBC - mainstream media - so I don't give it a lot of credence) the banks are probably going to run out money by Monday. You'd think that people would be pouring into Bitcoin right now; it's a no-brainer. But maybe there's just so little awareness that something like crypto even exists it's barely registering.

You know we (us crypto nerds) sometimes forget just how little comprehension the average person has that the world we live in with all its countries, borders and jurisdictions is all just a construct of the human mind; there's not really any definition of these structures, zones and limits outside of us all agreeing to them. The mountains, hills, valleys and rivers and oceans are all still doing what they've done for aeons (albeit with greater stresses on the eco system than ever before). It's only the humans that have this whole set-up in their minds.

An example of what I'm talking about can be seen here. This is a conference in France with three Bitcoin "experts" presenting their views. It's actually quite good and Nicholas Cary from BlockChain.info does a pretty good job at the beginning of explaining what Bitcoin is and why it's important. But what highlights this realisation that, what we all take for granted here about crypto, is just not comprehended at all by someone who hasn't yet (potentially) thought through how a global peer-to-peer distributed network sits completely above countries, borders and jurisdictions. Watch as this audience member (who identifies herself as working in the mobile payments space) asks the panel about how the blockchain deals with AML and the need to report to authorities on movement of money, etc. I'm not picking on her specifically, but it just highlights the likelihood that we forget just how many billions of people there are in the world who may have heard of Bitcoin but have absolutely no comprehension of what it's all about and what it means on a global scale.

https://youtu.be/rtI52BcFUoo?t=58m2s

I just had to say ditto! This is so true! I know nobody except my husband that has any idea what Bitcoin really is, let alone knows anything other than having heard the name on TV. Nobody at all, except those I've tried to tell. And none of those I've tried to tell were interested and of course thought I was gonna get myself into trouble. (who knows, maybe they're right?)

And I hope you're right Tao, because it really freaked me out when I realized the Banksters were going to use Bitcoin to reduce their costs and provide a lot of what cryptocurrencies were planning on providing, but with fiat. But ultimately, it will always be more expensive for them and there will continue to be violations of privacy that will eventually shock people into doing something about it.