Barter Trading Popularity in Greece Can Lead to Bitcoin Adoption
Using barter as an alternative economic model is an interesting, yet not entirely surprising choice. In this day and age, most consumers have plenty of goods, yet very little cash on hand. Changing the goods one doesn’t need [as much] against something more desirable is a tried and tested method to exchange value between parties in a peer-to-peer fashion. The Greek financial crisis over 2015 has taught the entire world a valuable lesson, in the form of how quickly the economy can go from bad to worse. It comes as no surprise to find out residents have been looking for....
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At Barter Smartplace, collectors can use barter exchange as the best way to build a collection. Trade coins for paintings, sculptures for digital art, a 1960s car for a collection of several gold coins, and many more exchange options are now available through barter. What Is Barter Smartplace? Barter Smartplace is a decentralized exchange for the barter trade of goods, currencies, and digital assets. The project has been developed with its own and private investment funds since December 2018, and this week the long-awaited launch of the NFT Marketplace took place with a security audit from....
Greece has never been accused of being an economic savant over the last generation. Using the Drachma for the 3rd time from 1951 to 2001, it's value declined to the point where Greece joined the E. U.'s new multi-national Euro system in 2002. Greece followed up with three distinct recessions in each year from 2007 through 2009. This required a massive bail-out in 2010, and "austerity measures" ever since for the citizens to live up to, while the bankers who caused the issues continue to mismanage the economy unabated, asking for more loans as we speak. These consistent economic issues have....
Greece faces a €1.5 billion payment to the IMF expires on June 30, and to make matters worse The Eurozone portion of Greece's €245-billion bailout expires on the same day. This huge debt and interest is totally unsustainable for Greece to maintain and Greece has no more to give. This could mean Greece exclusion from the Eurozone. Would it be a good idea for Greece to renounce the euro and adopt bitcoin? This would mean giving up their sovereign monetary policy. However, the finance minister of Greece, Yanis Varoufakis, believes that because Bitcoin is deflationary, it would be bad for....
Bitcoin is a system that benefits from mutual cooperation like barter versus the current money system of extraction.
Greece, one of the world’s regions that was known for ratio, philosophy and mathematics in the ancient world is under siege. These days, Greece and the lending/repayment actions are daily in the news. A lot of people are getting worked up about the EU, the European central bank, Germany, Belgium, lending policies etc. and “the poor Greek people”. To understand the EU viewpoints on Greece, just or not, and Greece itself we will have to go back in time. In the second part, we will discuss the benefit of blockchain like technologies and Bitcoin. To understand the current crisis in Greece, we....