28 Feb '15, 3pm

Why Greece Should Not Switch To Bitcoin

Editor’s note: Wences Casares is the founder and CEO of Xapo . In some discussions about Greece exiting the euro, it has been suggested that Greece should swap the euro for bitcoin . At first glance, bitcoin may appear to be the cure. But if the euro is the problem, switching to Bitcoin would be like trying to cure a headache with a bullet to the brain. The main problem with the euro is that Greece cannot print more of it; only the European Central Bank can. But at least someone can. In theory, Greece could persuade the European Central Bank to print more euros for them. On the other hand, if Greece were to switch to bitcoin, it would have no ability to control how much of their currency they could issue, and no one could be persuaded to issue more bitcoins (not the European Central Bank, not the U.S. Federal Reserve, not the U.S. Marines, no one). A defining characteristi...

Full article: http://techcrunch.com/2015/02/28/why-greece-should-not-sw...

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Why Greece Should Not Switch To Bitcoin

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Editor’s note: Wences Casares is the founder and CEO of Xapo . In some discussions about Greece exiting the euro, it has b...

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You can now book flights with bitcoin

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You can now book flights with bitcoin

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[KR724] Keiser Report: Can Bitcoin Save Greece?

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You can now book flights with bitcoin

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Great news! #Bitcoin You can now book flights w...

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No, Bitcoin Really Isn't The Solution To Greece...

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