Bitcoin Forum

Ex-Goldman Sachs Economist: Bitcoin Is Response To World Debt Bubble
Tetras Capital founder and ex-Goldman Sachs economist Brendan Bernstein has become the latest source claiming Bitcoin will pop the ‘bubble’ of traditional finance.
http://bitcoinist.com/ex-goldman-sachs-economist-bitcoin-response-world-debt-bubble/

Bitcoin is a response to everything related to how rotten the current system is. I haven't been able to cash out much of my coins in the last years due to certain aspects related to tax, and I'm happy that it prevented me from cashing out. Thinking back now, why would I cash out my coins for something that only throws me back in time and is supportive of a system I don't agree with and don't want to be stuck in? Makes no sense.

I wouldn't be surprised if Bitcoin turns out to be created by one or more ex bankster individuals trying to tackle the banking system and everything around this circle. People at this point in time are too busy focusing on profits and whatnot, but as time goes by, they'll appreciate what Bitcoin brings to the table in terms of functioning as permissionless everything. Currently we're in a system where the majority of your digital transactions require permission, which sucks big time. We are being controlled by a bunch of crooky corporations, and that I am glad have lowered my exposure to due to Bitcoin.

This is an old statement and this guy is just one of the many that support that statement.The only difference is,that he is an ex-Goldman Sachs employee,which makes us think that he is a servant of the banking status quo and a fiat money suppporter.BTC is just a tool,it can go in the rights hands or in the wrong hands.The forces that stay behind bitcoin might pop the global financial bubble,but they might replace it with another "btc" bubble,which might be destroyed by some improved altcoin.We can`t know for sure.

The debt bubble is a real worry. People might not be willing to support the enormous debts that their governments have raked up. But I am still not sure if Bitcoin will be the chief beneficiary of this fear. Bitcoin might be digital gold, but people still want to touch and feel their safe haven assets. Bitcoin could be the pin that pricks the bubble, but not the chief beneficiary of this burst.