Post
Topic
Board Economics
Re: Bank holiday in Greece
by
LiteCoinGuy
on 30/06/2015, 15:56:55 UTC
but the news and reports from exchangers shows that there is an increased interest towards bitcoin by Greece people.
Bitcurex got flooded with emails from Greeks.

Quote from: money.cnn link=http://money.cnn.com/2015/06/29/technology/greece-bitcoin/
Among their questions:
"Is Bitcoin a legal currency in EU?"
"Can I use Bitcurex as a bank account?"
"Do you have a Bitcoin ATM network in Greece?"

That's actually interesting to see that some of them are looking into bitcoin. I still think bitcoin is very risky for people to put their entire money into but bitcoin could become an alternative way to store wealth outside of the mainstream and could actually save people money from crises like this.
especially when your government blocks your accounts and closes the banks so people don't have access to their own money.
but unfortunately bitcoin is not yet reached the stage that can be considered a somewhat safe investment because of the highly volatile price.


It is actually far, far worse than this.  It is not that people don't have access to their money, its that their money is now gone.  Soon, they will get a nice letter saying their 30,000Euros is now 30,000 dracma.  Then, their 30,000 Dracma will be enough to buy a ham sandwich and a soda.  The government took the money away.  It is now gone.  'Capital controls' is just a bullshit term for 'you got robbed'.




but people dont realize that yet....because:  Roll Eyes




or:  they will get a nice letter saying their 30,000 Euros is now 3000 Euros.