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So, it is a decade since the last Greek government debt crisis that resulted in frozen bank accounts and other forms of capital control to lock in the civilians' savings (making sure the capital cannot escape the country and can be used to protect the status quo). This was a common sight around the country, at that point.
If I am correct, this is precisely the kind of scenario that Bitcoin was meant for, right? So, looking back and with the benefit of hindsight, did enough Greek migrate their savings to Bitcoin, even after the events transpired and a state or normalcy resumed, motivated by the battle scars? Or they still continue to trust their government and the banks?
Granted, bitcoin was really at its infancy at that point (may be a few billions in market cap), did it have any effect? And also, hypothetically, if the same happens again (in Greece or elsewhere in Europe) will Bitcoin play a bigger role as an escape hatch for capital than it did in 2015?
It is not entirely far-fetched as France and the UK recently floated IMF bailout to maintain their welfare states. Are people in those countries more woke now (in knowing Bitcoin sense) to take actions to protect their savings? Or the status quo will continue?
will Bitcoin play a bigger role as an escape hatch for capital than it did in 2015?
Is Bitcoin bigger now than it was in 2015? Expect that to continue. $2 trillion is just getting started...
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People are really dumb and will never learn the lesson. We are in 2025 and still there are NPCs that are getting covid jabs... the cognitive dissonance is at high levels.
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The entire US based global petrodollar empire is in decline. Trump knows this even if most of his voters dont. China is the most likely new dominant power although monetary systems may be much more multipolar, including Bitcoin...but really Bitcoin is not being used as a MoE and until/unless it is state imposed fiat monopolies look like maintaining their position even if gold and Bitcoin are used to store value-and there's nothing new about that.
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In the US (select locations), Switzerland, UAE (particularly Dubai), Czech Republic, South Africa (Garden route) Bitcoin is gaining ground and growing every year in terms of adoption as money (including MoE).
I deliver some online coding lessons and occasional startup consulting, and I take payments in Sats too.
So no, it's not as you are imagining. But of course, dependa on who you hang out or do business with.
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