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Oh, no. The governments which will borrow more in bitcoin than will be able to pay back, will just default. When Argentina/Russia defaulted on their debts denom
by vrotaru 15y ago
Oh, no. The governments which will borrow more in bitcoin than will be able to pay back, will just default. When Argentina/Russia defaulted on their debts denominated in dollars, how bad was that for the dollar?
So... Bad for them (governments), bad for their foolish creditors but a matter of trifling importance for bitcoin as protocol and store of value.
- lmm 15y agoSo I think there's a reason they call the time when Russia defaulted the "Rouble crisis".