That being said, are you seriously suggesting the local 'deflation' you are experiencing is the cause of the problems? When an economy is as crippled as Greece's I can understand why citizens would be crying out for their Central Bank (if you still had one) to be inflating your currency. However, there are some who do not believe this is anything other than a 'sticking plaster' solution which provides temporary alleviation at the expense of savers.
Savers? tell that to the Cypriots....
Did the confiscation of wealth in Cyprus from the savers make Cypriots better off? Cause op was saying at the expense of, and you seem to be disagreeing with something...
It's not a sticking plaster, it's just a stronger pedal that keeps you on the bicycle when it gets steeper, you only fall when you stop.
Besides It's not only Greece, Spain, Portugal, Italy they feel the burn too and soon the north, Greece was just the canary in the mines, the crisis origins lie with the Euro as a construct.
It's not the euro, it's deficit spending. You have two options: keep spending more than you take in, inflating currency, and continue until you hit hyperinflation and currency collapse, OR keep spending more than you take in, but have no methods of inflating currency, and hit a wall at which you can't spend any more, causing social program collapse. Or you could maybe not keep spending more than you take in. I think spending more than you take in is the problem here. The only difference between Greece that can't print its currency, and other countries that can, is how high of a bubble they can inflate before they explode.
In bitcoin it can be worse because a critical parameter is hardcoded with no hope of change, a single person no matter how smart made a decission for millions, that's what ires me in Bitcoin. And I ask you that, would you do it? would you made *any* decision that could affect millions based only in your judgement?
If I knew it was the right decision, sure, why not?