Are Greeks evading cap controls via bitcoin? If so, why is the volume on BTCGreece not exploding?pic.twitter.com/jBp5LqJsNZ
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@jp_koning Would have been visually better to depict the flow volume of trade, not the cumulative measure.
@dandolfa @jp_koning They can't shed Greek deposits. They're frozen. Bitcoin doesn't help unfreeze an already frozen asset.
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@NickSzabo4@dandolfa Deposit flows within Greece not frozen. BTCGreece has a Greek account http://cointelegraph.com/news/114714/btcgreece-founder-bitcoin-demand-has-risen …pic.twitter.com/VJq3m6DVzw
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@jp_koning@dandolfa Can still withdraw on-blockchain Bitcoin (not just a BTCGreece account entry)? If so that's an interesting loophole.
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@NickSzabo4@dandolfa@jp_koning If you have questions for btcgreece I can email Thanos the founder. Let me know. -
@sammantic@dandolfa@jp_koning Yes, my question what are limits if any on transfering Greek deposits in & withdrawing as on-chain Bitcoin? -
@NickSzabo4@sammantic@dandolfa As far as I know, none. The exchange seems to be functioning. -
@jp_koning@NickSzabo4@dandolfa plus if you want to avoid cap controls, taxes, etc. thiat is how you would do it. -
@sammantic@jp_koning@dandolfa If answer to my question is "no limit & no major delay" can avoid cap controls thru BTCGreece itself. -
@NickSzabo4@sammantic@dandolfa Agreed. And if so, BTC sellers on BTCGreece should be asking a crazy high price. But they're not. -
@jp_koning@NickSzabo4@dandolfa the real sellers will be off exchange getting a super high premium. -
@sammantic@jp_koning@dandolfa + if no limits have unlimited ATM: deposit to BTCGreece, w/d as Bitcoin, sell on LocalBitcoin for euro cash. - 1 more reply
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