30 Jun '15, 6pm

My somewhat trivial thoughts on Grexit and bitcoin via @TechCrunch

My somewhat trivial thoughts on Grexit and bitcoin via @TechCrunch

That is not to say bitcoin is standing still. There is some evidence that euro transfers are up (but the information comes from the exchanges themselves and there is no independent way to audit their claims) and I would tend to believe that Greeks with cash in hand would be more inclined to hide it than feed it into a bitcoin ATM. It’s up to bitcoin and the bitcoin economy to push through that veil of distrust and discomfort and make the platform as easy to use as the cellphone. Until then, all talk of bitcoin ATMs in public places and traders on the ground with wads of cash and QR codes is moot. This will all change. Once ecommerce was considered an untrusted rarity around the world. Today we 1-Click on Amazon for toilet paper. The same one-click trust must exist before a bitcoin miracle occurs, no matter how hard we wish it weren’t so.

Full article: http://techcrunch.com/2015/06/30/beware-bitcoiners-bearin...

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