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So the old saying goes that correlation does not imply causation. Why are spaniards, but no portuguese or italians or irish seeing this spike in bitcoin-relate
by wklauss 14y ago
So the old saying goes that correlation does not imply causation. Why are spaniards, but no portuguese or italians or irish seeing this spike in bitcoin-related app downloads?
Theres a far more simple explanation that just sticking the "its Cyprus fault". Several popular spanish blogs and newspapers have run big stories about Bitcoin recently (Xataka, El Mundo...). That probably has sparked curiosity among spaniards on the Bitcoin phenomenon. Simple as that.
- analog 14y agoSpain's economy is in a pretty bad state at the moment. Worse than the other countries you mentioned as far as I'm aware. In the town where I live the local police hadn't been paid for two months, so they made up their wages by setting up checkpoints and fining drivers. When you're seeing that level of dysfunction it's not hard to see how the situation in Cyprus would make people question how safe their Euro accounts are.