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Author Topic: Fed debt is over $19,400,000,000,000  (Read 447 times)
log2exp (OP)
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July 21, 2016, 03:32:44 PM
 #1

http://goo.gl/mqtyHA divide by bitcoin cap, and we get $923k per unit, little shy of 1M dollars.

And it's strictly only account for the U.S. debt.
Alley
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July 21, 2016, 04:22:40 PM
 #2

You realize that number is basicly meaningless right?
ivanst776
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July 21, 2016, 07:53:07 PM
 #3

http://goo.gl/mqtyHA divide by bitcoin cap, and we get $923k per unit, little shy of 1M dollars.

And it's strictly only account for the U.S. debt.

Simply they don't care about their dept and U.S. is the first country that has the largest debt on the world. From this list [1] we can see the list of ~190 countries ranking from the highest to the lowest debt. We should not compare this dept with bitcoin it's not on the same category.

[1] https://en.wikipedia.org/wiki/List_of_countries_by_external_debt
RyNinDaCleM
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July 22, 2016, 03:29:02 AM
 #4

It's not like that debt magically becomes Dollars that can be spent on Bitcoin. Only new debt can make it's way here via loans/credit to buy Bitcoin.

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July 22, 2016, 05:13:15 AM
 #5

What is the point of your comparasion?

Are they planning to exchange 1M in US debt for 1 BTC?

I would not buy 1M in their debt for 1BTC, chances are I would never see the 1M again
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July 22, 2016, 07:06:44 AM
 #6

The governments of the world are dumping generations of debt on our children and even their children. The fiat system is bound to collapse and when this happens, everyone will suffer. We are surviving on borrowed time and not even Bitcoin could get us out of this mess.

The thing they normally use to sort things like this out, is Global War. ^hmmmmmm^

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July 28, 2016, 07:55:20 AM
 #7

That means if the Feb debt is denominated in the bitcoin, one bitcoin is worth more than 1,200,000 US dollars.
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