“Earlier this year, I wrote about a number of countries that would do well by adopting bitcoins, mostly because of either inflation or poor investment options in those countries. Those are still valid reasons for investing in BTC for citizens of those countries. But it now seems that in hindsight it would be a complete governmental collapse that would fuel increased interest in bitcoins. A loss of faith in a monetary system by a country’s citizens and stakeholders is likely more of a predictor of increased interest in bitcoin. So, what are the countries out there today that face big problems in terms of credit risk?”
http://www.coindesk.com/the-wealth-transfer-effect-of-bitcoins/
Related posts:
Tragedy of the Commons and Species Extinction
David Galland: The Age of Entitlement
7 Lessons I Learned About Investing in Bitcoin
Trick or Treat: Is Trump a Blessing or a Curse to the Deep State?
Will Grigg: Nationalizing Children
Government Bribery and The War on Terror Militarized America’s Police
How long copyright terms make art disappear
Beyond Civil Disobedience
No More "Free Trade" Treaties: It's Time for Genuine Free Trade
Which Cities will Survive/Thrive?
When the FDA Declared War on a Texas AIDS Patient
Austrian Detroit?
How Martial Law In America Will Affect You
Government Against the People: It Gets Worse In the Late Stages
John Hussman: How to Wind Down a $4 Trillion Balance Sheet