Re:Crypto in 2026: Oh, This Is the Bad Place
by graemep on Tuesday June 23, 2026 @12:26PM
(#48647428)
The US has no reason not to pay its debts. Its debts AFAIK are USD denominated. How often has a country defaulted on debt in its own currency? I can think of one example and I thought it was a stupid thing to do at the time (it was forced by creditors, presumably as a punishment) and it was not a complete default, but a haircut.
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Re:Crypto in 2026: Oh, This Is the Bad Place
by abirch on Thursday June 25, 2026 @07:11AM
(#48671764)
Sorry, I was thinking hyperinflation as a de facto default. As in Germany, Brazil (Cruzeiro), Argentina, etc. If the US hits hyperinflation say, debt is 300% GDP in a decade at some point people will stop loaning it money and the dollar loses its value. Stable coins become worthless as well.