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>> Did he say there was an "insult to the dollar currency" when Lehman Brothers went under? He didn't say as much, but it wouldn't have been that inappropriate
by w0utert 13y ago
>> Did he say there was an "insult to the dollar currency" when Lehman Brothers went under?
He didn't say as much, but it wouldn't have been that inappropriate if he had. The fall of Lehman Brothers actually was a symptom of a failing currency, just because the USD and most other currencies around the world are failing much slower than BTC, doesn't mean they're doing alright either. There's a world-wide currency war going on where everybody is trying to devaluate their currency to try to inflate away debt, so yeah, you could say the fall of Lehman Brothers was (part of) an "insult to the dollar currency". That doesn't make BTC any better as a currency though, somehow people who like BTC always seem to mix these two things up.
- drcode 13y agoFair point.