Bitcoin
as an alternative to the euro-prison
globinfo
freexchange
From
libertyblitzkrieg.com:
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I simply
cannot stress enough how important Greece is to freedom, liberty
and civilization across the globe. Greece is not a one-off, or
merely a small nation in big trouble that holds little relevance
for the rest of us. Greece is everything.
What is
happening to Greece follows the exact same game plan of what will
eventually happen to every other supposedly sovereign nation.
First there is an explosion of debt. Then a crisis. Then a
bailout. Then creditor imposed hardship is forced upon the average
population, in conjunction with unlimited bailouts for the bankers
and other oligarch criminals. Finally, when a public which
mistakenly believes it is living in a democracy exercises its
right to national sovereignty, the sad truth is exposed. They are
not a people living under a free political system.
It is
precisely because Greece has progressed further along than any
other Western nation into this neo-feudal hellhole, that it
presents an incredible opportunity for resistance, The Greeks,
quite literally, must fight for their very lives. Having been
pushed into a corner, they will be forced to experiment in myriad
ways if they desire to escape the criminal oligarch vortex in one
piece.
Last
week, I explored how Greeks are already embracing various local
alternative currencies in the post, Greeks Flock to Grassroots
Alternative Currencies in Affront to Euro Debt Slavery. One of the
more interesting observations from the original Wall Street
Journal article was that:
Experts
say TEM and other local currencies work best side-by-side with the
euro, not as a replacement.
The above is of course true when it
comes to local currencies. It’s not true when it comes to
Bitcoin, which is why I am so intrigued by the plan to bring 1,000
Bitcoin ATMs to Greece.
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From
cointelegraph.com:
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Bitcoin
service provider and exchange Cubits has partnered with Greek
bitcoin exchange BTCGreece to install 1,000 bitcoin ATMs and help
small and medium sized businesses move money.
“We
are creating the ecosystem of bitcoin and blockchain solutions in
the Greek market.” BTCGreece founder Thanos Marinos told
CoinTelegraph. “That will include the rollout of 1,000 ATMs
and solutions for the e-commerce and tourism industry. Partnering
with best of breed companies in the bitcoin space will enable us
to provide the Greeks with solutions that will ease the
difficulties of the capital controls.”
Today,
many Greek businesses have failed to pay their suppliers and
partners outside of the country due to the countries record high
financial problems and the recent capital controls, which froze
all bank accounts, credit cards and debit cards in the country for
weeks.
The
Greek government still restricts the weekly withdrawal limit for
bank accounts and debit cards to US$464.76 per week. To help small
and medium sized companies send payments abroad, the two companies
plan to develop a cross border payment system, which will allow
small businesses to send payments quickly, at low cost. Marinos:
“Btcgreece
and Cubits are offering a solution to the small and medium sized
businesses to keep their operations, pay their invoices outside of
Greece, pay for datacenter and servers, without the limitations
imposed by the banks under capital controls.”
“Also
we will integrate some of the Greek charities onboard Cubits, as
Cubits have done on a massive scale with the collaboration with
Wikando,” added Marinos.
Additionally,
bitcoin adoption in Greece is growing rapidly, he added.
Individuals and business are beginning to recognize the advantages
of bitcoin and its decentralized nature.
“Bitcoin
adoption is happening and in a very fast pace,” explained
Marinos. “Bitcoin in Greece is not just hype but a solution
to day to day problems of people and businesses under capital
controls. Also a key factor is that the trust for the traditional
banking system is long gone and people are open to bitcoin.”
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