Post
Topic
Board Economics
Re: Can bitcoin really save Greece?
by
Mehek
on 09/07/2015, 15:17:57 UTC
There are serious capital controls implemented in Greece right now:

You can only withdraw €60 from your bank account in one day, and no overseas transfers.
That's insane!

If they'd switch to btc - then there would be no problems with protecting their savings.
I mean, blockchain can't just close and say 'oh no, we aren't working today - come tomorrow' like banks in Greece currently do.

I don't think so. Not anymore, it is kinda late now.  Firstly they are out of and can not access the money to purchase any bitcoins , plus there aren't enough resources where they can spend their bitcoins because not many places accept bitcoins till now ,and there is a high risk of losing these by being hacked or robbed of those hardly earned possessions.