3 ms·
BTC adds too many layers of complications at which point the issues with exchange in these small local market systems might as well acquire normal tangible curr
by nosuchthing 11y ago
BTC adds too many layers of complications at which point the issues with exchange in these small local market systems might as well acquire normal tangible currency like Dollars or Euros. And very few people want to trade food, tires, or liquid assets for currency because currency, be it BTC, Euro, Dollar or gold, seems worthless compared to the food or tires.
The main issue BTC and Euros can't solve in these situations is the prerequisite of acquiring the money units to begin with in order to facilitate the exchanges and local economy - thus the reason why the swap meets were using TEMs which facilitated a form of debt and exchange medium.
- msandford 11y agoI suppose that Greeks could begin selling their production for export at some discount to foreigners for BTC and then use that BTC for local trade. The people outside cities who have land and use that land to create food (plants and animals) could eventually bring enough BTC into the hands of Greeks to make the economy work in a somewhat normal fashion.