The idea: distribute bitcoin to every greek citizen. N bitcoin per citizen.

Not an altcoin. Why? Bitcoin has security and a record.

1. TPTB have effectively isolated Greece from the international financial system.

2. Greek citizens still need to transact and have an economy. There are already reports of issuance of store scrip and other "currencies"


The relevance of point #1: Because the Greek economy is isolated from the international banking system, bitcoins that are distributed to Greece will be more difficult to turn back into fiat. I.e., if you give a Greek a bitcoin, where are they going to sell it? Online, and then transfer their newly obtained fiat to their Greek bank account - the account that's controlled by their government?

Relevance of points #1 and #2 combined - the current fiat value of bitcoin has little relevance to this application. Due to the financial isolation of Greece, a unique value for bitcoin will exist in greece, because people need to transact, get paid, and pay people.

An easy way to do this would be to distribute to employers, so they could pay their employees in bitcoin. But this has inherent problems.

Granted, their are difficulties associated with such an "airdrop", but if this catches, the headline is "bitcoin bails out the greek people".

Its not bailing out the banks. I think the banks would actually freak out about this, because if everyone had bitcoin, they wouldn't need to go back to their fiat accounts.

There's only 11 million people in greece.