Quote from: d3wo on June 29, 2011, 04:09:02 PM

Quote from: Cluster2k on June 29, 2011, 11:10:18 AM

Quote from: d3wo on June 29, 2011, 10:39:34 AM

- What is gonna happen to those country who stored USD as their GDP ?
Is this gonna make BTC value doubled/tripled because of usd value dive ?
What do you guys think ?

Absolutely nothing will change. The debt limit is raised every few years with the party in power claiming cats and dogs and assorted ocelots will rain down if it's not lifted, while the party without power claims the other is totally reckless and irresponsible. A few years later the two parties swap positions and go at it again. No one is dumb enough on either side of the political divide to risk default over a few political sticking points.

If both political parties suffer from a bout of insanity and refuse to agree on the new debt limit, bitcoin's value will plummet. It's a pure speculative commodity (not currency) that has no impact upon 99.999% of the world's population. Ask a villager in India whether they would prefer a bitcoin or gram of gold. Ask a Chinese businessman the same question. I bet a Greek factory worker would give the very same answer.

Quote

Absolutely nothing will change.

I think you are Absolutely wrong.
This is USA who's gonna lifting debt limits, not zimbabwe.
Perhaps somehow its gonna effecting some factor, maybe "trust" ?

I was unaware that the USA is exempt from the laws of economic because it is "not zimbabwe"