No, I did mean the Greeks - but neither country is a great argument for the "fiat currency good, Bitcoin bad" argument. Re. non-Cypriots, I'm sure that you're

No, I did mean the Greeks - but neither country is a great argument for the "fiat currency good, Bitcoin bad" argument. Re. non-Cypriots, I'm sure that you're right - but the subject was the state's management of its currency, regardless of who owns it. One thing that your example does flush out though is that fiat currency can be crippled by speculation too - and at least Bitcoin does not conflate a currency and a tax regime. I'm not a cheerleader for Bitcoin specifically, I'm just really, really sceptical about the robustness of traditional currency.