One of the great lessons of the 2008-09 global financial crisis was the folly of trusting a government-controlled banking system, and of permitting government interference in financial lending. The current meltdown in Greece is teaching a closely related lesson on the private costs of using government money. But there is another option: the Greeks could all use bitcoin.
Greece should just use bitcoin. Actually, bitcoin can run the country
Greeks face a choice: stay in the euro or return to the drachma. But RMIT economics professor Jason Potts says there is a third option: bitcoin.