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Fourth echelon

Greeks Using Bitcoins to Preserve Their Wealth

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It’s hard to recommend bitcoins for anything these days. It’s been by far the worst performing currency since 2014, as its price has plummeted from over $1,100 per coin, to less than $300 in recent months. With swings like that, it’s obvious that you shouldn’t be investing your life’s savings in Bitcoin.

On the other hand though, Bitcoin still has one advantage that no other currency can beat. It’s pretty difficult for governments to stop people from buying them. While several governments have tried, most don’t even bother. This certainly seems to be the case in Greece, where the government has issued a slew of capital controls designed to keep money in the country, but they’ve neglected stop Bitcoin purchases, and Greeks are certainly taking advantage of that.

http://www.thedailysheeple.com/greeks-using-bitcoins-to-preserve-their-wealth_072015

 
 
 

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http://www.conspiracyoutpost.com/topic/1831-the-official-finance-thread/?do=findComment&comment=13714

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Greeks Turn To Bitcoin To Dodge Capital Controls

There is at least one legal way to get your euros out of Greece these days, to guard against the prospect that they might be devalued into drachmas: convert them into bitcoin. As Reuters reports, although absolute figures are hard to come by, Greek interest has surged in the online "cryptocurrency", as new customers depositing at least 50 euros with BTCGreece, the only Greece-based bitcoin exchange, open only to Greeks, rose by 400% between May and June.

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