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I remember this happening at the same time as Greece, Cyprus and others were on the verge of financial collapse. I heard of citizens moving their money to BTC a
by jameskegel 9y ago
I remember this happening at the same time as Greece, Cyprus and others were on the verge of financial collapse. I heard of citizens moving their money to BTC as an emergency way of retaining what money they had. I'm not sure how widespread that was, but I could imagine 2 or 3 small nations such as those could inflate the cost somewhat, trying to move money in faster than the market could adjust for with supply.
- Nursie 9y agoIt was not widespread, it was a fantasy.
- arethuza 9y agoHowever, I do remember there being a lot of coverage in the national press in the UK at the time about stuff like buying bitcoin for use on holiday!
- kolinko 9y agoA lot of coverage, but nobody provided any proof for this happening on any significant scale - aside from anecdotes.
- arethuza 9y agoDefinitely - I only remember the coverage because we were going to Greece at the time and my wife (who has no interet in tech) announced one day that she was going to take some Bitcoin with us... Which rather surprised me. I didn't think anyone was actually doing it just a lot of noise generated by journalists who should have known better. Edit: did we see anywhere on Kos allowing you to pay by BTC.... no!