Post
Topic
Board Bitcoin Discussion
Re: Distribute bitcoin to every Greek citizen
by
Hopalong
on 06/07/2015, 06:18:56 UTC
If you send 1BTC to every greek thats 11000000 coins. Probably more than there is totally...

Lets says we did it anyway and the greeks adobted it. Every BTC would soon be worth 50 times todays value. The problem now was just that only greeks had BTC and noone on this forum had any...


Se the problem when a lagre mass adobt a currency at once. BTC must grow slowly to become a real currency. Not go from a nerd fantasy to full scale economy overnight.

if this would be the case, i mean if you really think that if they were to adopt it in this way would rise the price x50, then they only need 0.2btc(1/5) to have x10 of btc, each

it sounds more reasonable, than giving away a whole bitcoin, remember that bitcoin was made divisible for a reason...

Assuming the value would skyrocket if a nation with a poor economy would adopt bitcoin is far-fetched. A whole nation that has no buying/spending capabilities or whatsoever in the current moment will not help bitcoin gain value in any way, though the idea of having a whole nation using it would spark some interests of using the situation by greedy capitalists to gain more money.

By greedy capitalists i asume you include those who are hoarding BTC and wait for the price to skyrocket.... Tongue