Post
Topic
Board Economics
Re: Why isn't everyone talking about China's currency devaluation?!!
by
Harry Hood
on 12/08/2015, 21:12:55 UTC
A so called "currency war." This is very likely to be the beginning of worldwide inflation - AKA the demise of fiat.

This is going to be A HUGE DEAL for Bitcoin. I really don't understand why the markets have not already responded.

I was with you until "AKA the demise of fiat". For fiat to go away Governments and their respective Countries will also have to see their demise - is that what you're predicting?

It's not going to happen and if it did there would be so much chaos that Bitcoin would potentially have little value - remember that for bitcoin to have value we need order and access to the original blockchain, the internet.