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Fiat Faith Faltering? Bitcoin Surges 12% Post-Greferendum Announcement

Tyler Durden's picture




 

Like it or not, Bitcoin is an alternative to the fiat fraud money that is the backbone of the status quo. Since Tsipras announced  the Greferendum, Bitcoin has surged 12% as perhaps - away from the cornered and manipulated precious metals markets - faith in fiat is faltering...

 

 

Source: Bitcoinwisdom.com

 

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Tue, 06/30/2015 - 15:10 | 6255174 Kaervek
Kaervek's picture

It's the only way to circumvent capital controls, but you need to get it before the crisis happens.

Any greeks who owned their wealth in Bitcoin can still access it today and use it for anything they please. I call that valuable in this age.

Your CIA theories are a little paranoid brother, they still use cash for drug trafficking. Bitcoin enables everything that hurts the current financial sector.

Tue, 06/30/2015 - 12:53 | 6254556 Suleyman
Suleyman's picture

Bitcoin is free market private money.

 

Tue, 06/30/2015 - 12:57 | 6254576 QE49er
QE49er's picture

"The ultimate goal is to get everybody in this world chipped. And have ALL money on those chips. And if anyone wants to protest what we do, or violate what we want, we just turn off their chip." -Nicholas Rockefeller

Tue, 06/30/2015 - 13:08 | 6254618 crazytechnician
crazytechnician's picture

Actually it was Aaron Russo who said that. Hearsay nonsense. If you want to argue a point atleast tell the fucking truth.

Here is my version:

https://www.youtube.com/watch?v=rUa7s3xuqxI

Tue, 06/30/2015 - 13:37 | 6254760 JimmyRainbow
JimmyRainbow's picture

me thinks the chinese are back in buisness....

 

may be checked here

 

http://www.fiatleak.com/

Tue, 06/30/2015 - 14:11 | 6254950 GoldSilverBitcoinBug
GoldSilverBitcoinBug's picture

The lightning networks (a trustless decentralized protocol on top of BTC) will be the killer app for BTC, actually BTC can only scale by increasing the block size but LN's will scale up to billions of transaction per day...

Actually the low transaction per second (7 TPS) only confine BTC in a niche market.

Tue, 06/30/2015 - 15:09 | 6255170 Stev24
Stev24's picture

Bitcoin is ridiculous as currency or storage of value, it has no privacy, and the system loves it, my money is in Monero.

Tue, 06/30/2015 - 15:40 | 6255280 NoWayJose
NoWayJose's picture

This is what gold would normally be doing in such a situation. That said, BitCoins just are not as pretty to look at as a Gold Eagle!

Tue, 06/30/2015 - 15:42 | 6255291 Okboss
Okboss's picture

Gold and Silver down, Bitcoin up on 'greferendum'.  That's a very clear message.  Why are you people even arguing at all?  Bitcoin rocks and PM's suck. . .  right?  Is it better to get Corzined or Goxed?

Sorry guys, too much sarc, i know.  But, seriously, the more clear the message from the govt/corp/bank 'group' and the more heavily its promoted by their control aparatus of media/markets/acadamia, isn't it always, ALWAYS, better to do the precise opposite?  

 

Wed, 07/01/2015 - 04:30 | 6257243 shouldvekilledthem
shouldvekilledthem's picture

Gold and silver are complementary.

You would be stupid not to have some bitcoin if you value PMs.

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