Bitcoin Forum

agree or disagree?

depends which currency. in bitcoin don't have any debt. fiat, agree.

Why would money be debt? then what is debt?

Does it not cost money to obtain bitcoin?

Agree. That is how the money we use has been created. It could have been created differently not to be debt but the reality is that it is created that way.
If you haven't watch John Oliver on Payday loans. That part is crazy!

It depends how did you earn your money and how do you manage your money.
If you inherited fortune and use this money wisely, it's not debt.
If you had to invest money in some business, and lost it, it become debt.
Money can be both blessing and hell, it's up to you.

Agree.  this is why you have to spend 100% of what you make, Vanilla Ice style

Yup, totally agreed with you on that.

hehe agreed, you people should check Money as Debt Documentary (http://www.imdb.com/title/tt1828247/) It's a good watch. If you get's into it there are three parts (http://en.wikipedia.org/wiki/Money_as_Debt) of it you can watch too.
https://www.youtube.com/watch?v=jqvKjsIxT_8

Money could be used to pay for debts, but money isn't actually debt itself. If you think of money as something you have enough of or continually receive, then you'll start having more money in your life. Don't take this as you'll be a millionaire overnight, as that almost undoubtedly won't happen.

can agree to disagree, they can be used as well: D

depending on how you got the money from a loan from someone else: P

Fiat at least can absolutely be considered debt.  A debt that continues to grow with each passing minute.  More QE for the fat cat central banks and funds risking your hard earned dollars on BS investments, yeah, that's made the world a better place.  Let's get a double order of that!

Not.

Monetary system is debt, at least the current one.

One can live a debt free live, nothing really stop it. Or can gain money with other people's debts, but you might find strong opposition to enter the club