Why Bitcoin Boomed During the Government Shutdown 282
Daniel_Stuckey writes "Just two weeks after the Feds shuttered the Silk Road, the notorious online drug bazaar, Bitcoin prices have touched a five-month high — with a single Bitcoin fetching nearly $156 on Tokyo-based exchange Mt. Gox. Bitcoin's resiliency can no longer be denied, especially as the digital currency continued its ascendancy even against the backdrop of a U.S. government in utter disarray. At the 11th hour of the crisis, President Obama signed a bill that ended the partial government shutdown and, more importantly, raised the debt ceiling, an arbitrary limit on the amount of money the country can borrow that would have been surpassed today. If Congress had failed to reach a deal and the U.S. was unable to pay its bills, the results might have been catastrophic, eclipsing the bankruptcy of Lehman Brothers five years ago, the domino that could trigger the worst financial crisis since the Great Depression."
Re:Nobody cares about bitcoin (Score:4, Funny)
I use BitCoin to make donations to various Linux projects. That way when I download all those Linux ISOs on BitTorrent, I really feel like I'm sticking it to The Man.
Re:Derp (Score:4, Funny)
Goodbye, Medicare. Goodbye, Social Security. Goodbye, foodstamps and welfare and section 8. Hello, social upheaval. Hello, desperation-induced crime wave. Hello, Great Depression.
Of course a lot of the good science fiction starts right after that point, so I say BRING IT! :)
Re:Nobody cares about bitcoin (Score:0, Funny)