17 Oct '13, 11am

Why the US debt crisis didn’t affect bitcoin

Why the US debt crisis didn’t affect bitcoin

Well, that was close. US Congress pulled the US back from the brink of a currency default last night – at least, for a little while. After over two weeks of battling between Republicans and Democrats, which saw a public sector shutdown, it finally passed a bill that would enable the government to reopen and pay its bills, just hours before the critical deadline. But if the US had gone over the edge, what could it have meant for bitcoiners? And if it happens again in a few months, what should we expect? Another round of political chest-puffing isn’t out of the question. This latest spat started when right wing tea party members refused to fund the US government unless it agreed to eviscerate the Affordable Health Care Act (nicknamed ‘Obamacare’). The stand-off took the country to the brink of economic disaster, as the government grew close to the point where a lack of funds...

Full article: http://www.coindesk.com/us-debt-crisis-bitcoin/

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