3 ms·
The smaller countries who don't want to be beholden to either the US or China's fiscal policy. We seem to be building up a second cold war, and I imagine for ma
by pochamago 5y ago
The smaller countries who don't want to be beholden to either the US or China's fiscal policy. We seem to be building up a second cold war, and I imagine for many countries being able to back your economy with a currency that isn't controlled by either of the two major players is tempting. China may well end up regretting discouraging its miners from holding the majority stake, given the Sino power that could project. This is all very heavily speculative, though, I'm just spitballing an interesting potential chain of events
- rawtxapp 5y agoI think if Bitcoin price turns around and keeps increasing (big if), we are going to see a large scale game theory at play. The countries that have opted in will be in a much better place so that would create a race to get in. The next 5-10 years will be very interesting times to live through, especially after record USD printing.
- karatinversion 5y agoWhy would they benefit? Large scale deflation would be quite destabilising for a country.
- rawtxapp 5y agoTheir "net worth" would increase significantly wrt to other countries that didn't adopt it or adopted it too late.