
“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:
Grasping for Dignity in the Era of the American Police State
Dual Canadian-American citizens: We are not tax cheats
Cyprus and the Unraveling of Fractional-Reserve Banking
Uberocracy: How the Sharing Economy Changes Politics
Red White: Why a Founding Father of Postwar Capitalism Spied for the Soviets
How Old Were the Founding Fathers?
Are You Already in Jail?
Bill Bonner: Promises Will Be Broken
Everyone Is Now A Terrorist According to The US Government
Why I Bought One Bitcoin
American Banksterism Through the Ages
Agorism and Nazism: A Study in Polar Opposites
It’s a Sound-Money Alternative to the Dollar
Why Conservatives Accept High Taxes, the Federal Reserve System, and Fiat Money
David Galland: Mexico Invades Syria!