Oh, no. The governments which will borrow more in bitcoin than will be able to p...

		vrotaru on Dec 21, 2011 \| parent \| context \| favorite \| on: Bitcoin's comeback: should Western Union be afraid... Oh, no. The governments which will borrow more in bitcoin than will be able to pay back, will just default. When Argentina/Russia defaulted on their debts denominated in dollars, how bad was that for the dollar? So... Bad for them (governments), bad for their foolish creditors but a matter of trifling importance for bitcoin as protocol and store of value.

So I think there's a reason they call the time when Russia defaulted the "Rouble crisis".