BitShares Forum
Main => General Discussion => Topic started by: Murderistic on July 01, 2015, 07:47:57 pm
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http://www.economist.com/blogs/gulliver/2015/07/taking-foreign-currency-abroad?fsrc=scn/li/cp/bl/st/relyingonaholeinthewall
(http://i.imgur.com/YORZTlF.jpg)
Jump on this and start commenting folks!
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(http://i.imgur.com/5xteP5T.jpg)
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Yes, the 60€ limit is not aplying in turists, everyone that had his card issued in a country other than Greece is safe.
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Very true, but what happens if banks go ahead and take savings?
If Greeks had this card they would not be limited....
But even more so, they could site in something other than Euro, and feel safe their savings were not to risk.
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It's too late for the Greeks to do anything now, most people that saw it coming moved their money either under their mattresses or in banks out of Greece. I don't know how the banking system works but if ECB has the power to enforce a "savings haircut" in Greece then it will happen even if this means that euro will take a hit. There is a MASSIVE campaign in Greece from the old corrupt system to sway public opinion and they will use every weapon they can to create fear.
You can see with how much time the mainstream media covered the "No"(29/06) and "Yes"(30/06) "protests".
(http://i.imgur.com/4dCarDL.jpg)
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Yes, the 60€ limit is not aplying in turists, everyone that had his card issued in a country other than Greece is safe.
That's IF the ATM has cash to dispense. Greece has historically been a cash society, thus cards are not accepted everywhere. Having something like the CCEDK NanoCard would be a plus however with banks closed, it's much more difficult to fund this.
Depending what happens on Sunday/Monday the situation may get much much worse.
http://www.ekathimerini.com/198816/article/ekathimerini/business/importers-protest-delays-in-getting-approval-for-transactions
Business's need a store of value just as other users have mentioned. The problem is lack of gateways for the large initial funding required to get crypto moving.
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Yes, the 60€ limit is not aplying in turists, everyone that had his card issued in a country other than Greece is safe.
That's IF the ATM has cash to dispense. Greece has historically been a cash society, thus cards are not accepted everywhere. Having something like the CCEDK NanoCard would be a plus however with banks closed, it's much more difficult to fund this.
Depending what happens on Sunday/Monday the situation may get much much worse.
http://www.ekathimerini.com/198816/article/ekathimerini/business/importers-protest-delays-in-getting-approval-for-transactions
Business's need a store of value just as other users have mentioned. The problem is lack of gateways for the large initial funding required to get crypto moving.
Glad you mentioned that.
Let's just say I have been working on that solution for a while - more announcements to come soon :)
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Now would be the time to drop the news if ever.
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I do not want to spoil the surprise!
PS - I know everyone always thinks they should know our every move, but that is not prudent.
The Art Of War - because we are at war.
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Don't wait too long. Now would be the time to ride the momentum this has given us...and not enough is said about the power of momentum.
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Now is the time to advertise bitshares and nanocard in Greece...But unfortunately we are not ready yet...
Having said that Is there anyone Greek in here that would be interested to trade with me some bitcoins? I buy bitcoins and send EUR via web transfer. Unfortunately I can only send within a Greek Bank. If anyone in here wants to trade with me please pm..
I will then take the bitcoins and withdraw using the nanocard euros from the ATMs and will give flyers about bitshares and nanocard to people waiting in the long quees..I don't have a single bitcoin and I prefer not to eat for a month than sell my BTS at this market cap..
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Someone should try to contact Varoufakis, Liondanni?!!
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Someone should try to contact Varoufakis, Liondanni?!!
@bitsapphire - AFAIK .. you were getting in contact with him on last hackathon in Singapure... don't you?
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Someone should try to contact Varoufakis, Liondanni?!!
@bitsapphire - AFAIK .. you were getting in contact with him on last hackathon in Singapure... don't you?
I actually had the chance to have a great discussion with him before he became finance minister, back when he was at Valve. He is among the smartest people I know.
Bitshares is not at the stage where it can help Greece. We are still at the innovation and product development stage. Though Bitshares is both the most advanced tech and community (we already made and fixed the technical and community mistakes Ethereum is just starting to go through). No government should even consider using crypto until it gets to the industrial-grade level, which is another 1-3 years in the future. Patience my friends. :)
That said, I would not be surprised if a government switched their entire financial system to crypto within the next 5-10 years. I am pretty sure, that if the tech was ready V-man would definitely consider issuing IOUs redeemable at interest and usable for tax payment. That would be the ideal solution to the Greek crisis atm and he has written about this already in his blog.
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(http://files.sexyandfunny.com/photos/img_orig/img559247125bd41.jpg)
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Someone should try to contact Varoufakis, Liondanni?!!
@bitsapphire - AFAIK .. you were getting in contact with him on last hackathon in Singapure... don't you?
I actually had the chance to have a great discussion with him before he became finance minister, back when he was at Valve. He is among the smartest people I know.
Bitshares is not at the stage where it can help Greece. We are still at the innovation and product development stage. Though Bitshares is both the most advanced tech and community (we already made and fixed the technical and community mistakes Ethereum is just starting to go through). No government should even consider using crypto until it gets to the industrial-grade level, which is another 1-3 years in the future. Patience my friends. :)
That said, I would not be surprised if a government switched their entire financial system to crypto within the next 5-10 years. I am pretty sure, that if the tech was ready V-man would definitely consider issuing IOUs redeemable at interest and usable for tax payment. That would be the ideal solution to the Greek crisis atm and he has written about this already in his blog.
You don't think that's a little long to wait? How long can these devs withstand and continue pushing? It seems like a very difficult task to do.
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Yikes! http://www.zerohedge.com/news/2015-07-03/greek-banks-considering-30-haircut-deposits-over-%E2%82%AC8000-ft-reports
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Yikes! http://www.zerohedge.com/news/2015-07-03/greek-banks-considering-30-haircut-deposits-over-%E2%82%AC8000-ft-reports
yup
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Yikes! http://www.zerohedge.com/news/2015-07-03/greek-banks-considering-30-haircut-deposits-over-%E2%82%AC8000-ft-reports
Ups!
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Good Greek news site to keep up with the latest:
http://www.ekathimerini.com/news
They still need to pass the bailout within Greece and implement reforms July 15.