Post
Topic
Board Economics
Re: Can bitcoin really save Greece?
by
Mehek
on 10/07/2015, 15:16:19 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.

Not really. I don't think Greece can be saved by buying bitcoins anymore. Firstly they dont have enough money to buy it and might not be aware of the opportunities . plus they dont have enough places to spend their bitcoins at even if they buy it and there is a chance that it may be hacked like hell