全 59 件のコメント

[–]kerzane 45ポイント46ポイント  (40子コメント)

Sad to see the situation of the Greek people being exploited for the gain of self-promoters. If an alternative currency is required bitcoin is the best choice. Any other choice just creates new monetary overlords who will prove to be much worse than those of the euro.

[–]bitdartah 22ポイント23ポイント  (2子コメント)

Honestly, distractions like this rubbish altcoin are annoying, but at least they make others aware of something else. Let's be real though, unlike Bitcoin, Nautiluscoin has no real chance in the global system.

[–]lifeboatz 2ポイント3ポイント  (0子コメント)

Yeah, this is insane. I like the press, but it's a dead-end path. Hopefully when people reach the dead-end, they don't scrap the idea of crypto-currencies entirely. Instead, they conclude that "Naught-a-loss-coin" had some benefits, but was merely the wrong platform.

The misguided foundation of this coin should be obvious to people: Build a blockchain where you don't need to trust a central authority, and then trust a central authority to obtain and store gold to match it. Doh!

[–]btcdrak 0ポイント1ポイント  (0子コメント)

I'd be more concerned with the fact Nautiluscoin does not have the required network security...

[–]putin_vor 1ポイント2ポイント  (26子コメント)

They can't use bitcoin, because they can't "print" it. They don't have the money to buy enough to run the economy.

[–]cypherdoc2 2ポイント3ポイント  (24子コメント)

They don't need to print it. They just need to attract millions worth of Bitcoin businesses to the region to spark all sorts of economic activity. Give them legal protection and I guarantee it will happen. Think of the job growth as a result.

[–]putin_vor 5ポイント6ポイント  (13子コメント)

You don't get it. They need to run the economy now, not when all these hypothetical businesses come to Greece.

Their only option (besides an unlikely bailout) is to print their own money or make their own cryptocurrency, or both.

[–]Cowboy_Coder 4ポイント5ポイント  (5子コメント)

An altcoin backed by gold won't be free either. Might as well just buy bitcoins.

[–]putin_vor -3ポイント-2ポイント  (4子コメント)

Who said anything about gold?

[–]Cowboy_Coder 2ポイント3ポイント  (1子コメント)

The article.

we can now offer Greece a digital currency that is backed by gold and is integrated into a mobile-banking platform.

It says tourists must buy the altcoins before visiting. Might as well just buy bitcoins instead.

[–]putin_vor -1ポイント0ポイント  (0子コメント)

Ah, yeah, that's just some tiny island economy. Their population is 1,142 people. They are not talking about covering all of Greece, they simply don't have the gold to represent their economy.

[–]UnobtaniumCheckRaise 1ポイント2ポイント  (1子コメント)

The article.

[–]putin_vor 0ポイント1ポイント  (0子コメント)

The article talks about a tiny island, population 1,142. Not Greece.

Not much gold needed.

[–]cypherdoc2 2ポイント3ポイント  (6子コメント)

There's no free lunch in printing. You've been brain washed.

[–]putin_vor -2ポイント-1ポイント  (5子コメント)

No I haven't, you have. I own quite a few bitcoins.

What is your solution exactly? Where will the Greek government get all the bitcoins? With what money?

Just sit and wait for the businesses to move in? You are an idiot.

[–]cypherdoc2 0ポイント1ポイント  (4子コメント)

Frankly, it's not the the gvt I'm worried about. A sound form of money is all the people need right now. Yes, doctors, lawyers, hospital workers would start accepting it as long as it retains value.

[–]NotVladeDivac 1ポイント2ポイント  (3子コメント)

They have Euros to do that just fine. The problem is the government being broke

[–]cypherdoc2 -1ポイント0ポイント  (2子コメント)

that's b/c fiat is a broken system. once you accept that, you can begin thinking outside the box.

[–]NotVladeDivac 1ポイント2ポイント  (1子コメント)

Euro is fiat, ok, what's bitcoin backed by then?

[–]agraham999 0ポイント1ポイント  (2子コメント)

The currency is only as good as what you can spend it on and if you can't get money into it (because you have none/banks suspended/credit cards suspended) or out of it (because there are no working banks), and if all the people you need to do business with outside your island don't have or take the same currency...it is rather pointless. You can't just push some virtual currency around and around unless something backs it. As far as backing something with gold...you can't eat gold, you can't drink gold. The Greek crisis is about as bad as it gets...and this is someone who has developers in Greece that I can't pay even if they had bitcoin because their landlords don't take it.

[–]cypherdoc2 0ポイント1ポイント  (0子コメント)

Bitcoin can't solve everyone's problems overnight. More printing certainly won't either. But a nucleus of Bitcoin businesses, which would come right away if you provided them legal protection, would start the ball rolling in terms of locals accepting it. Localbitcoins and the new Greek exchange can provide liquidity.

[–]cypherdoc2 0ポイント1ポイント  (0子コメント)

In the short term, those z bitcoin businesses have plenty of money to import their basic needs like food, etc. In no time at all you'd see Greeks wanting to provide services to those wealthy companies.

[–]kyuronite 1ポイント2ポイント  (6子コメント)

The problem is you need to ATTRACT millions worth of Bitcoin businesses to the region to spark economic activity.

There is no infrastructure or anything of the sort in place. This undertaking cannot happen overnight and putin_vor is trying to point that out to you. Plus, the government has no ability to put in any funds to stimulate the economy. There are none. As for accepting bitcoin, how do you propose that enters into the people's wallets? The bank has the majority of the funds and they're bankrupt and the government is too. Businesses are coming to a standstill because they can't pay their workers since it's just circulating within Greece's internal system. And providing legal protection will take time in any case to do.

[–]cypherdoc2 0ポイント1ポイント  (3子コメント)

provide legal protection & no financial restrictions & the companies will come with their wealth. don't tell me Greece doesn't hv internet; i was just there last year. Greeks will want to provide services to them like sweeping the floors, fixing toilets, etc. they can get paid this way. if they don't have a phone with internet services, hand them a paper wallet key pair and send BTC pmts to it as payment. they'll find a way to cash it out i'm sure.

look, worse case, just run Bitcoin as a parallel experiment with whatever other solution you try. but i bet Bitcoin wins long term.

[–]kyuronite 0ポイント1ポイント  (1子コメント)

That sounds like a recipe for disaster as people aren't as technologically savvy as you. I have tried teaching it to a few people and those without any technological background couldn't even comprehend how it would work. Maybe the earlier generations, but greece isn't exactly a spring chicken in terms of age.

"Provide legal protection and the companies will come with their wealth" takes TIME (a company move takes months to plan). You're not going to see a company immediately just start doing business in Greece. And if the company does come to Greece or local businesses suddenly start accepting BTC, how does the regular consumer get the Bitcoin to BUY/PAY in the first place? It's a small stream effect and there needs to be a flood right now. Keep in mind, the VAST overwhelming majority of bitcoin companies are small, after all, bitcoin's only been in effect for less than a decade. You have companies in the world that are worth billions and trillions. The best we've got is a hundred million. It could be adopted in a few parts of greece and sure, we can run it as a parallel experiment, but greece politicians have to be 'on board' with that and they don't really have a good track record for transparency and looking out for their country.

[–]cypherdoc2 0ポイント1ポイント  (0子コメント)

That sounds like a recipe for disaster as people aren't as technologically savvy as you.

i think that's a concept that is way overblown. it's easy to run Breadwallet on your phone.

takes TIME

of course things take time. nothing can solve a problem as large as Greece overnight. otoh, look how fast Bitcoin has grown in 6 yrs. unbelievable. Greeks should make the investment now in their own futures.

how does the natural consumer get the Bitcoin to BUY/PAY?

like i said, provide services to the companies at first. once Bitcoin starts percolating throughout the economy, synergies and chain links will build. look at Brazil and Argentina. they have thriving Bitcoin economies and they aren't nearly as stressed as you guys now. where there's a will there's a way.

but greece politicians have to be 'on board'

i don't think so. Bitcoin is really designed for individuals who want to take personal responsibility for their money.

[–]agraham999 0ポイント1ポイント  (0子コメント)

I will tell you Greece doesn't have internet. CNBC reporting that cellular and ISPs might shut down because they can't pay their bills. With the loss to capital and credit to pay for things, services are all down (dropbox, apple, aws, paypal, etc)...not to mention the fact that banks are closed likely until next Monday.

[–]cypherdoc2 0ポイント1ポイント  (0子コメント)

The problem is you need to ATTRACT millions worth of Bitcoin businesses to the region to spark economic activity.

do you realize how many hundreds of millions have been invested in Bitcoin companies. it may in fact be billions by now.

[–]cflag 0ポイント1ポイント  (0子コメント)

run the economy

The state doesn't need to "adopt" (i.e. force people into) Bitcoin, and frankly it is the wrongest way of going about it.

It could (but won't) however just let it be. Let anyone use Bitcoin freely, let the municipalities and state departments accept it, etc.

Sure, in theory it threatens the new monetary-overlord-currency that is supposed to replace the Euro, but I doubt that the people will rush into Bitcoin.

[–]Carlfm 0ポイント1ポイント  (0子コメント)

Exactly ,they won't have the expertise or knowledge to financially aid a country... this sounds like a beautiful project but when I saw "nautiluscoin" It was more of a "oh... Porque no Bitcoin?"

[–]GSpotAssassin -1ポイント0ポイント  (6子コメント)

A rising tide floats all boats.

I'm a huge Bitcoin fan but I hate to break the news to you, we're entering a world of multiple competing cryptocurrencies

[–]kerzane 12ポイント13ポイント  (2子コメント)

Competition is fine, I'm just sorry these islanders are going to lose more money when this particular currency crashes out of the race. I'd imagine that as it's an experiment they're not investing too much in it, but still.

[–]LovelyDay 1ポイント2ポイント  (0子コメント)

The article did not inspire confidence in me that these islanders will have any control over this currency (Nautiluscoin), or ownership of the backing instruments (alledgedly gold) or multipool mining operation (that will mine other digital currencies in order to buy stakes in Nautiluscoin).

[–]PENGUINSflyGOOD 1ポイント2ポイント  (0子コメント)

They could always use the altcoin to buy bitcoins.

[–]robertfl 3ポイント4ポイント  (0子コメント)

A rising tide doesn't lift boats with holes in them. Greece has to stop the financial bleed that got them to this point first.

[–]Throwahoymatie 2ポイント3ポイント  (0子コメント)

That's what they said three years ago. Bitcoin's market share remains over 90% (and growing). The market prefers a single digital currency.

[–]cbeast 1ポイント2ポイント  (0子コメント)

Bitcoin is the only PoW that will survive because global competition. Other cryptocurrencies will not be as secure, but bless them for trying.

[–]randy-lawnmole 1ポイント2ポイント  (0子コメント)

Article says it will be gold backed so if they get it right, I think it has a chance to work well, as an Island scale money, for the local economy. From there it will just be a gateway to bitcoin.

[–]UpGoNinja 16ポイント17ポイント  (0子コメント)

A "pilot project" using some alt coin no one has heard of. What a joke.

[–]sqrt7744 13ポイント14ポイント  (2子コメント)

What is this new shitcoin?

[–]drachmae-throwaway 12ポイント13ポイント  (0子コメント)

The owner of the project "drachmae.money" or "drachmaeconnect" (http://www.drachmaeconnect.com) is a known scammer. His name is Lee Gibson Grant.

He was an employee in a company named TXTcoinsNow, said he is the CEO, issued an asset and sold shares. Got much money, traveled to every conference in Europe. His boss see this bullshit and fires him. Shareholders are left with nothing.

https://nxtforum.org/assets-board/termination-of-service-within-txt-coins-now/

[–]lacksfish 9ポイント10ポイント  (0子コメント)

The article pushes some obscure altcoin called Nautiluscoin. Read their whitepaper and judge for yourself I'd say.

Is the article credible if the reporter pushes an altcoin he himself created?

Other that that, yes Greece, go Bitcoin. :)

[–]WellsHunter 8ポイント9ポイント  (0子コメント)

Snore....sounds like the Aurora coin when was a total fail.

[–]cosmic_boombox 5ポイント6ポイント  (0子コメント)

Yet another pump and dump premine scam. People like this Brian Kelly character should be fucking ashamed of themselves.

[–]Fizzgig69 4ポイント5ポイント  (0子コメント)

Sounds like a deal between a bunch of snakes. How does this benefit actual PEOPLE? Oh right all of those features are removed. Should gain a lot of poopularity.

[–]erikwithaknotac 4ポイント5ポイント  (0子コメント)

Altcoin scammer going to make crypto look bad.

[–]covanga 4ポイント5ポイント  (0子コメント)

This is awful. Obvious scam.

[–]shludvigsen 3ポイント4ポイント  (0子コメント)

If this altcoin is backed by gold, they really have the money to buy bitcoin instead...

[–]ErinPatrick 1ポイント2ポイント  (2子コメント)

It's a blockchain backed by gold in order to create stability and the article states the best way to get it is to buy Bitcoin through Coinbase.

[–]Cowboy_Coder 4ポイント5ポイント  (0子コメント)

best way to get it is to buy Bitcoin through Coinbase

If Greeks can acquire bitcoins, then problem solved. They have no need to trade it for shitcoins.

[–]Throwahoymatie 3ポイント4ポイント  (0子コメント)

a blockchain backed by gold

At what point do I break down weeping because I've explained to people why this doesn't work more than 1000 times?

[–]Facebossy 0ポイント1ポイント  (0子コメント)

The mayor of the Greek island of Agistri agrees after taking a bribe.

[–]BobAlison 0ポイント1ポイント  (0子コメント)

This article, published a few days ago, paints a different picture (my emphasis):

Lee Gibson-Grant, founder of UK-based digital currency consultancy Coinstructors and the Drachmae Project, in this vein recently met with the Mayor of Agistri, an island in Saronic Gulf with a population of around a thousand people. The Mayor has agreed to allow testing of the Blockchain technology so that local businesses can create a loyalty programme (via Drachmaeconnect.com), which enables tourists to book hotels and other services at a discount.

http://www.forbes.com/sites/rogeraitken/2015/07/05/greek-economic-crisis-is-a-parallel-currency-the-answer/