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Ask HN: Will the US's credit rating downgrade increase Bitcoin usage?
Commentary on this thread ( http://news.ycombinator.com/item?id=2852380 ) includes how the American government can just print more of its own money to satisfy its debts.
That's not my stance--I don't feel I have a full enough understanding of the economy--but I can see how others would come to this conclusion.
Do you think this will spur a significant number of people to use Bitcoin more than they currently do?
Misc: I have no Bitcoins or businesses operating on Bitcoins, just a curiosity. I'm thinking about mining, but that's about it for now.
- randomanonymous 15y agoWhat does bitcoin have anything to do with the US credit rating? Credit rating doesn't effect the value of the dollar. How much currency out in the market determines that.
- glimcat 15y agoWhy would it? It doesn't address any of the systematic or usability issues with Bitcoin. Or are you looking at it as an analogue for hiding money under the mattress?
- gojomo 15y ago...and further, how will it affect the price of tea in China?
- pbreit 15y agoI wouldn't be surprised if it did. As microscopic and irrelevant as Bitcoin is, many of its users and prospective users skew anti-government and anti-central bank so anything contributing to that sentiment could generate a modest increase in activity.
- eric-hu 15y agoThis is my opinion, too. I see a lot of Bitcoin users go off on the Federal Reserve, printing money, and how people shouldn't use the dollar for that reason.