Bitcoin Credit Ratings

[Bitcoinpro]

Australia's AAA Credit rating in doubt

http://www.abc.net.au/news/2016-12-19/should-we-care-if-australia's-credit-rating-is-downgraded/8131260

Since Australia would be considered one the leader in Bitcoin i'm not surprised the credit agencies backed down.

[Jet Cash]

Well - looking at the amount of toxic debt in the world, either the ratings companies are getting it wrong, or nobody is taking any notice of them. Either way, it's time we had a better system, and that lenders are forced to take responsibility for their bad decisions.

[panju1]

Australia's AAA Credit rating in doubt

http://www.abc.net.au/news/2016-12-19/should-we-care-if-australia's-credit-rating-is-downgraded/8131260

Since Australia would be considered one the leader in Bitcoin i'm not surprised the credit agencies backed down.

Australia's AAA rating doesn't seem to be in danger now. Except for the cost of borrowing and the rating of domestic banks, I don't think the credit rating of a country has any impact. It previously used to be a source of pride, but countries are now practical and don't mind losing their AAA ratings.
Support for Bitcoin has nothing to do with a country's credit rating.

[sportis]

Australia's AAA Credit rating in doubt

http://www.abc.net.au/news/2016-12-19/should-we-care-if-australia's-credit-rating-is-downgraded/8131260

Since Australia would be considered one the leader in Bitcoin i'm not surprised the credit agencies backed down.

The Trading Economics credit rating of Australia (TE Rating = 97  max=100 means riskless) is more representative index than Moody's, Fitch and S&P http://www.tradingeconomics.com/country-list/rating. Furthermore imo this fact has nothing to do with bitcoin adoption but these indexes are based on macroeconomic models.

[DannyHamilton]

- snip -

You've been gone a few months.  I've missed your paranoid delusions and conspiracy theories.

[royalfestus]

Australia's AAA Credit rating in doubt

http://www.abc.net.au/news/2016-12-19/should-we-care-if-australia's-credit-rating-is-downgraded/8131260

Since Australia would be considered one the leader in Bitcoin i'm not surprised the credit agencies backed down.

Australia's AAA rating doesn't seem to be in danger now. Except for the cost of borrowing and the rating of domestic banks, I don't think the credit rating of a country has any impact. It previously used to be a source of pride, but countries are now practical and don't mind losing their AAA ratings.
Support for Bitcoin has nothing to do with a country's credit rating.

The AAA ratings may not show support for bitcoin from the government but provides an environment for bitcoin exchange to thrive. It gives a level of confidence in every customer who might want to do business with bitcoin, eventually if government shows supports more than this, bitcoin will blossom in Australia

[BingoDog]

I don't think that supporting or adopting bitcoins has anything to do with some countries credit rating. These are two different categories. Availability to do business with bitcoin still doesn't affect the credit rating and I don't think it ever will. Maybe if some day there will be separate bitcoin credit rating.

[yayayo]

Australia's AAA Credit rating in doubt

http://www.abc.net.au/news/2016-12-19/should-we-care-if-australia's-credit-rating-is-downgraded/8131260

Since Australia would be considered one the leader in Bitcoin i'm not surprised the credit agencies backed down.

Come on. This is a ridiculous conspiracy theory. Please - if you can - at least try to hide some traceable logic somewhere within your claims. There are conspiracy theories which are really worthwhile considering, but assuming that credit agencies would be considering Bitcoin adoption when giving out credit ratings for countries is simply ridiculous.

It's not surprising that the overall importance and impact of Bitcoin tends to be overestimated by members of the Bitcoin community, because members are constantly immersed in the topic. But that still is a huge difference to what you are doing here: Picking arbitrary news and stamping BECAUSE OF BITCOIN all over it.

ya.ya.yo!

[Kprawn]

I don't think that supporting or adopting bitcoins has anything to do with some countries credit rating. These are two different categories. Availability to do business with bitcoin still doesn't affect the credit rating and I don't think it ever will. Maybe if some day there will be separate bitcoin credit rating.

Yes it does.   ...more people borrow money to buy bitcoins and the AAA credit rating allows them to buy more. They can either waste the

money on worthless junk or they can buy bitcoins and secure their future.   ...Jokes aside, the credit rating will influence the fiat system,

because investors use that as a indicator to decide if a countries financial system is sound enough to invest. If the fiat system is suffering,

then investors look for alternative investments in Safe havens, and we all know some of them are already looking at Bitcoin as a Safe haven,

when things start to slide in the fiat system. { Example : Greece & Venezuela }