Simple thing: bitcoin can't be controled, you don't pay taxes with it, it isn't something Governments would ever want. If it gets to be important, it will quickly be declared ilegal, with bitcoins there would be no social services. Which also makes me think about the ongoing privitization of those, and how private companies debt is becoming social debt. Oh well.

Back to Cyprus and the UE: Europe's playing a dangerous game, sometimes crossing the line, then going back. Don't know where the heck we are going towards to, but I can tell we're pretty much fucked up in Spain. Things should have been way easier: banks shouldn't have been rescued, there was plenty of money with investors to pay "ground people's" money (sorry but I don't know financial terms in English). But you know whose money can be taken away, and whose can't be. What's funny about what the UE chose to do with Cyprus is that the money they want to take, isn't even theirs, but russians.

Sometimes, I can't even believe why there hasn't been a revolution in Greece or Spain, where corruption is over the charts to add to unbelievable policies imposed from the Troika. We are way too polite today, too many pacifists shall I say, 'cause a few hundred heads should have already been cut off for playing with uneducated families money. Instead, 500.000 families have already lost their homes. Yei! Welcome to the New World - that's what I said to my recently born niece. It will be much worse for her, that at least we can anticipate.

Vitaliy, are you following Spain's politics and economical movements? It's real comedy, anybody would have a lot of fun reading Spains news. Such a fucking shame from such an amazing and beautiful country. Stupid too, I'm not a patriotic guy.

Cyprus just looks like the new guinea pig. Let's see what comes next. All I can see is a global financial war going through, it doesn't make noise or instant casualties, but it's much much more beneficial for the elites, and a lot worse for those who see themselves degraded, living in the street, headfucked. As for myself, I'd prefer a gun and "play" the game just like in the last century or any other before.

For real, if I have to think any time in history where there was so much shit going around, and so much headfucking done by elites and politicians, I have to go back to the Middle Age. At least then, it was straight forward, not bullshit lies over and over again. Once again, my spaniard (thus ignorant?) point of view.

the problem in Europe is the shit € - different economies can not have a common currency - the euro is Europe and shoot - stupid politicians have failed - as always - but elsewhere it's not better - the United States and other print money, print money, print money, and that's bullshit - of capitalism is going to the dogs - is being destroyed by greedy banks

the problem in Europe is the shit € - different economies can not have a common currency

It is false assumption. Different economies having same currency have huge advantages. Issue in EU areas is not in currency area. It is in energy and manufacturing areas.

Hard to ratify as Im paying 10s of thousands of pounds tax in the uk happily but lots of our "partners" pay fook all - not bitter just paying a LOT of tax covering a lot of needs

@Vitaliy_Kisilev You said "Bitcoin is criminal induced thing. It is not serious thing at all. But sounds modern."

Is this based on particular knowledge about the history of Bitcoin or how it is administered? Or just a suspicion because it is totally cyber-based?

I am genuinely interested in specific examples and information.

@Vitaliy_Kiselev Bitcoin is untraceable, so makes it useful for criminals to use in online transactions. But the same thing applies to cash, except only IRL. In fact, most drug deals are done with cash -- probably less than 0.01% use Bitcoin (e.g. via Silk Road).

Europe with the Mediterranean countries is an aberration and a mistake - one should repent, Germany should withdraw and seek an alliance with the Brics countries: Russia, China, India, Brazil, etc. The euro is bad for the whole of Europe. . . and the greedy banks gamble away the future of the youth in Europe

Under conditions expected to be announced on Saturday, depositors in Bank of Cyprus will get shares in the bank worth 37.5 percent of their deposits over 100,000 euros, the source told Reuters, while the rest of their deposits may never be paid back.

Via:http://www.reuters.com/article/2013/03/30/us-cyprus-parliament-idUSBRE92G03I20130330

In Laiki bank all owners of 100k or more will loose 80% and remaining 20% may be, probably will be paid back after 7 years. But they are not sure.

Good progress. With such speed I expect May announcment that citizens must work as slaves for next 80 years and they must say big thanks that Germany agreed to only 80 years.

Reuters also suggests that most of the well-connected Russian millionaires already got their money out of the banks because the branches in London were still open and doing large transfers for an appropriate fee. So things are going to get messy when they realize only the smaller depositors are remaining to take the haircut, and the rest of the money has already gone to Latvia or Iceland or wherever capital flies these days...

Goldman Sachs helped Greece cook their books and then made money out of it...

http://www.bbc.co.uk/news/world-europe-17108367

Btw, good charts:

The banks are crap(shit) and the Euro is shit - that's the problem - and the dreamer in politics - and the fraudsters in Greece, Cyprus, Italy, Spain, Portugal, etc. - lie in the sun and let the slaves work and earn money