.@NickSzabo4: Greek credit cards no longer allow users to pay for cross-border Internet commerce / It happened in Argentina 2001
Greek credit cards no longer allow users to pay for cross-border Internet commerce: http://www.bloomberg.com/news/articles/2015-06-30/greeks-lose-apple-icloud-space-as-capital-controls-stop-payments …
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@pabloquirno Do you know of a good description online of what capital controls did to Argentine payments etc. in 2001? Thanks.
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@NickSzabo4 cash ATMs blocked, credit cards blocked, bank transfers blocked, bitcoin still working. That's its core value proposition -
@digitsu@NickSzabo4 The blockchain! The answer to capital controls.
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@NickSzabo4@pmarca only in a crisis do consumers & citizens see the fragile mechanisms on which their basic needs relyThanks. Twitter will use this to make your timeline better. UndoUndo
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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@NickSzabo4 can Greek banks trade bonds? Acceptable counterparty risk?Thanks. Twitter will use this to make your timeline better. UndoUndo
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@NickSzabo4@MADinMelbourne Go crypto Greeks. Bitcoin - Litecoin- Dogecoin.Thanks. Twitter will use this to make your timeline better. UndoUndo
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