Sat 11 July 2015
Many people are sceptical about Bitcoin, even now when it has established more or less stable exchange rate. But now when even Euro is not living its best days, perhaps it would make sense to revisit the idea of alternatives to traditinal currencies. Maybe now is the time when Bitcoin can win back its prosperity? Maybe current political situation is a good chance to prove that cryptocurrencies can be something more than just another contemporal trend, but actually this is a start something the history.
First of all we need to realize what is the problem and how Bitcoin would come into place when we talking about how to solve the current situation. The most reflected topic in todays financial the news that are coming is Greece Financial Crisis. And I would try to explain my suggestion how to get out well from this situation.
Problem: Greece is trapped in its own choices
Some say that it is just United States is trying to to weaken Europe's economy, so they infiltrate their agents to Greece government to cause unrest and ficancial crises in Euro zone. Others say that actually Greek government is paid by Russia, which also tries to make people believe that America is the root of all evils and spreads this myth to divide NATO coutries so that they loose trust to each others. There people that naively believes that its just because Greeks are the rebels, and just want to show that capitalism is not working. Regardless, here is the solution that would work either way:
Greece must introduce Bitcoin as a National Currency
There is no way to loose from this. Because neither if Greece leaves Euro zone or returns back to Drachma would not pay their debts. So lets just think what if it would happen: what if Greece actually calls bitcoin as its new national currency. That would be a complete change to the rules of the game. That kind of anouncement would be big news. Many things would change forever. But more important, both Greece and Bitcoin would win, they both would back up each other. I would predict Bitcoin rate jumping up immediatelly again, because if a real country would start using it Bitcoin could not be ignored or considered something dodgy or bad. And Greece in return would apper super modern. But not only this,- it would instantly become independent from global bankers.
#GREXIT is not about exiting Euro
Its about going Crypto completely. There is existing Bitcoin economy, however small, and sometimes even related to criminal activities, illegal drug selling networks or money laundering. But if a normal country started to use, it would be a new beginning bot for the country and for Bitcoin. The country would get a currency that already exists, and the currency this way would even become stronger.
Greek government once showed already that it can staind against the global bankers and the rest of the EU. Stepping against currency as we now it could be the next level. There is not much to do - creditors are unlikelly to forgive the debts. Even if creditors would decide to make a new loan it would be outrageous expensively, so sooner or later the whole country would have to be sold to pay it back. But that is not an issue with Bitcoin - it would come for free.
Then even more countries could start using it, and organizations fighting global bankers could encourage Bitcoin too, and that would be the first time in the history to redistribute the worlds wealth. Maybe even Project Venus could use it for its economy. Maybe now we are stepping on a theshold that would change the way the world economy works completely.
Dear government of Greece, let this message to reach you and may God give you enogh sense, so you can do what is the best for your country. The truth is that Greece needs Bitcoin, people need it, please do it for your people!