http://www.coindesk.com/gavin-andresen-bitcoin-hard-fork/?utm_source=twitterfeed&utm_medium=twitter&utm_campaign=Feed%3A+CoinDesk+%28CoinDesk+-+The+Voice+of+Digital+Currency%29

pmg

gaven wnats too distroy bticoin!1

That would be contrary to the aforementioned Gresham's Law. I'd indulge you to read it here: https://en.wikipedia.org/wiki/Gresham%27s_law

The undervalued currency would (in this case) be the EUR. That means the debt in EUR will be lowered as the BTC would go up and finally eliminated when BTC reaches a high rate. Such an experiment is -of course- non applicable on a country under a sovereign coalition, so we can only assume here (both me and you) what we *think* it will happen.

You could also be right and me just typing nonsense here.

Your conclusion is right; Bitcoin cannot be issued by Greek Govt. (like i.e. Drachma). The idea though, is to legalize its use as a second currency and let Gresham's law take over. I know about Varoufakis thesis on the subject but it seems he somehow changed his ideas from 2013:
1. http://yanisvaroufakis.eu/2014/02/15/bitcoin-a-flawed-currency-blueprint-with-a-potentially-useful-application-for-the-eurozone/
2. http://www.grreporter.info/en/varoufakis_advisor_singaporean_bitcoin_company/12732

Look, we're chasing dragons here. I know what I'm proposing is beyond the wildest imagination of the most insane speculator here (NLC?   ) but; that's what we are here for... right?

If a large group adopts bitcoin now, at the current price or at a higher price, they would be sharing their wealth with the early adopters in proportion.

For example, if Greece adopted bitcoin, and 9 million BTC were circulating there with a value equivalent to 10'000 USD/BTC, then Satoshi's 1 million BTC would allow him to buy 10 billion USD worth of Greek property.  Greece then would become 10 billion USD poorer.

That is why no sane government should allow privately issued money: the people who issue it take wealth from those who use it.

When the government issues more money, the government is taking wealth from its citizens, so it is just another tax.  It may be a stupid kind of tax, but people tolerate it because the government is supposed to give that wealth back as public services. 

When the banks issue more money through fractional reserve lending, they are taking that wealth for themselves.  Citizens should not tolerate that, but most do not understand what is going on.  I have only a foggy notion myself...

Has this happened recently? Haven't seen a wall like this for a while.

Hmm now that looks interesting. Me thinks we going up soon.

When is arb going to smack bitstamp in the face? Too risky?

As far as I can tell, the grexit -> BTC rally theory hinges on the idea that capital controls would immediately follow from Greece leaving the Euro behind. Doesn't make much sense to me - to escape capital controls, you'd need to get your funds out of reach of the Greek government/banking apparatus before capital controls were in place.

I'm afraid, empowering has it right. ANY country's exit from the Eurozone means the chain has broken. EUR is not backed by anything more than the "agreement" of the members of the Eurozone that THIS will be their currency. Unfortunately, most people don't see this. Everybody sees a country that the Mass Media has been blaming for being "lazy", "thieves", "crooks" in order to cover the most undeniable truth since the beginning of the crisis.

The Greek Debt wasn't the PEOPLE'S debt! It was the BANK'S debt. With a political decision (after mr Papandreou stepped down, mr Papadimos was the PM that the troika has APPOINTED as the country's ruler) they transferred it to toxic bonds that shortly after they were bought from the country's reserves. Social security, hospitals, public companies, etc. They took fresh money and left us with toxic bonds! AND NOBODY SAID ANYTHING!

It's a moral issue for ANY European to understand that this is not a war between Germany or France with Greece. It's the moment in time for EVERYONE to understand who the real enemy is. Who the thieves are! Who brought a country to its knees. IT WAS THE BANKSTERS!

Oh, I've mentioned it before, but let me repeat it once more: If your neighbour's house is on fire, better worry for it comes for your house too.

BTC DEAD CAT BOUNCE BULL TRAP DONT BE A BAGHOLDER GOING DOWN TO DOUBLE DIGITS THEN GOING BELOW ZERO!!!








lol there. Now forreal, the 3 month chart is looking parabolic.

So that LTC run up and free fall was due to this ponzi or just the fact that they cashed out the LTC ?

If you're not all in RIGHT NOW, you're doing it wrong.

...
Disclaimer: I seem to be the only one who thinks this, and I don't trade.

I'm almost expecting hyperexponential prices, we're supposed to have correction soon.  Look at the damn charts.

Finex went down to 278 

It seems that the finex trading engine has stopped ... at least my orders are not executed. can someone confirm that?

There's a rather large triangle that should break soon, but it keeps narrowing instead.
The BB are are also getting narrower, should break one way or another within 2 hours.

Huobi API down again?

My chart says 11 CNY, 1 CNY indeed.  Seems like margin calling from leveraged bull there.

For Btc: Volume drying up, Decision time. Betting on down, with 1D turning red in coming days, going in the low 300's.
 

I say: Shit is about to hit the fan. Going down.

The $350 wall on Finex is strong. Somebody gets burned there