April fool’s joke

Posted on By pukeko

I really hope everyone takes this as an April Fools’s Joke.

While Greece’s lenders are pushing the Greek government to accept their terms in order to allocate funds so the country will not go bankrupt, Greek Finance Minister Yanis Varoufakis seems to have another ace up his sleeve. The second top thinker in the world according to prospect magazine surprised even his closest aids at a secret meeting when he said “We ‘ve had enough, we ‘ll run on Bitcoin.”

Sources very closed to Greece’s minister of finance told Greek Reporter that today Yanis Varoufakis held a top secret meeting with high-ranking finance ministry officials to prepare them in case negotiations at the upcoming Eurogroup fail. The anonymous source noted that everybody in the room was staring at each other when Varoufakis – also a prominent blogger – said “We ‘ll go to Bitcoin, we will be ahead of all the world economies and although it may be painful in the beginning, Greece’s economy will thrive in the long term.”

The Greek Finance Minister went on to explain what is the cryptocurrency and how it will be implemented into Greeks’ day to day life by using a special mini computerized card with a chip. All citizens will carry the card as an electronic wallet. The card will be distributed for free to all Greek citizens via the local tax offices but it will also be available for purchase at the country’s entry points for 45 euros, or 0,20 Bitcoin each. The sale of the card to tourists is expected to be another form of revenue for cash-strapped Greece.

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A few reasons why it is a joke….

  1. Bitcoin would be a very disruptive thing to do. It is encrypted: distributed: there is no central bank, and the amount of it is limited. But…
  2. As a cryptocurrency, it cannot be tracked easily. Which is why money launderers, drug supermarkets such as Silk Road, and scum from the US Federal government like it. So you cannot track it.
  3. It is not a fiat currency. Which means you cannot inflate your way out of debt: which means every leftist will hate it.
  4. The idea that your card == cash could lead to ID numbers, and that may unleash the apoclyaptic conspiracies. Which may not be intentional, but is funny enough.

A few things one really hopes are April Fool jokes.

And for those of you wno are through April 1, Good on ya.