Ending debt slavery - This is why Bitcoin exists and it's begun.
It doesent seem ike the bitcoin i a solution for debts that you or your country don't want to pay. Creating a new kind of money won't solve your problems.
But anyway i'm curious how do you think the bitcoin can solve the debt crisis?
Fist of all, you can't lend mre money tha you don't actually have.
This alone would be a big vantage when compared to fiat
Sounds like "You can't lend money because you don't have it". If you want to borrow money then you will find the way to do it. No matter what kind of money are you planning to use.
The problem is that someone (for example country - Greece) can't pay it's debts so how bitcoin can help here?
The problem is that Greeks are actually paying hard for money that the banks just printed out (or to say better accredited - they didn't even took the effort to print). Btc won't solve the actual problem, but the future ones.
As it was mentioned on the first post debt restructing might be a solution for the current problem. But what should stop ppl from borrowing money in bitcoins? If you use a new kind of money it doesn't mean that you won't be able to borrow more. The problem is how you use those money.
Money would be scarce because fractional reserve would be very difficult to achieve, and banks wouldn't be able to print money out of thin air. So they won't lend any money unless for a project with low default chances and in exchange for an high risk-repaying interest.
Now they are throwing money to enslave greeks
