Re:Bitcoin's mining difficulty has increased by 41.9% over t...
by jonknee on Monday December 21, 2015 @09:05PM
(#10775248)
It doesn't take a big change of behavior if there are a lot of people doing it. If everyone reduced spending by just a couple of percent it would radically change the economy and growth forecasts (we'd be in a recession). Lowered growth forecasts would then incentivize savings, further pushing down future growth. There is no Bitcoin Fed that could cut rates and incentivize investment, a Bitcoin dominated world in recession would be a dire place to be.
[ Parent
| on HN ]
Re:Bitcoin's mining difficulty has increased by 41.9% over t...
by vezzy-fnord on Monday December 21, 2015 @09:16PM
(#10775303)
Cutting rates would not necessarily stimulate investment: http://www.themoneyillusion.com/?p=31372