could bitcoin resolve the us debt

[mcplums]

I think OP is on to something. If we enter hyperinflation then the debt will be inflated into nothing, which is 'resolved' in some sense.

Obviously this won't be resolved to the satisfaction of the creditors.

[HarryKPeters]

I think OP is on to something. If we enter hyperinflation then the debt will be inflated into nothing, which is 'resolved' in some sense.

Obviously this won't be resolved to the satisfaction of the creditors.

I think you mean debtors, and no controlling the inflation is not the solution, just part of it.

The expenses of all those Bush wars just cost to much money. They should cut down on that right now and start decreasing their debt.

[Slark]

US debt at this point is so big that even whole 21 million of Bitcoins won't resolve it. If you think that government speculation of bitcoin will help resolve US debt by even 1% you are either overly optimistic or have no idea how big are numbers we are talking about here. Not to mention that US government won't probably risk involving in bitcoin directly any time soon.

[spirit of btc]

Bitcoin can resolve anything and everything, but only if US government starts investing in bitcoin they can resolve their debts. Their debts may be in any amount but if they start investing in bitcoin the prices will go up.

[spazzdla]

LOL is this a joke.

I heard the US debt is something like 13 TRILLION DOLLARS. The technology of bitcoin can certainly provide a new of doing things, but i know this is some sort of joke question.

It's more like 100 Trillion..... they hide the medi care, etc things they have to pay.. This is why shit got REAL shaky in 2008.  The wealth of the planet knows the game is on the rocks.. they just want to make sure they can get the most wealth when the game falls apart.

[spazzdla]

I think OP is on to something. If we enter hyperinflation then the debt will be inflated into nothing, which is 'resolved' in some sense.

Obviously this won't be resolved to the satisfaction of the creditors.

This is the plan realistically as it is the ONLY plan.

They have to find a way to have wages increase 10 fold though as to not totally F things up.. maybe even 100x.. then if prices jump 100x the debt is nothing.

The savers get Fed but keynesian economics is about fucking savers to help the greedy ones.

[WaterSupply]

Hmmm

It is crazy that the USA is on quite unshaky ground. It really is smoke and mirrors and i do not think any person has a true idea of total debt. I think America is in quite a bit of trouble. It will be interesting as an outsider in Europe to see the whole thing come tumbling down, and eventually see what they do to keep afloat.

LOL is this a joke.

I heard the US debt is something like 13 TRILLION DOLLARS. The technology of bitcoin can certainly provide a new of doing things, but i know this is some sort of joke question.

It's more like 100 Trillion..... they hide the medi care, etc things they have to pay.. This is why shit got REAL shaky in 2008.  The wealth of the planet knows the game is on the rocks.. they just want to make sure they can get the most wealth when the game falls apart.

[HeroCat]

Never, because the US debt is too large. BTC total amount in the world is a much less  I can not understand how this debt can be so large 

[zodiac3011]

I have seen a thread about bitcoin relating to US debt somewhere and I think that if US had bought BTC when the price is about 150-200 before the pump to 1000, they could have saved themselves a bit. However if they do that they may crash the whole bitcoin market

[acroman08]

i thinks using btc wont be enough to pay the
debt of US, its just too big for btc to handle.
having so much debt is devastating it may have
little effect for now but in the long run every citizen
in US will feel the debt of their country.

[virtualx]

or even half of it or even 1/10 of it? ??

The US has debts to a lot of debts to a commercial company, the federal reserve, which has the monopoly on creating money. Only a small part of the debt are foreign nations, about 25%.

[OROBTC]

or even half of it or even 1/10 of it? ??

FOFOA had an idea (specifically on gold, but probably would work re Bitcoin too).

The US could offer to BUY and and all gold (or BTC) for an arbitrary but very high price, say $5000 / oz (or BTC).  That would become the floor price, it is likely that the entire world would then see the value of BTC and gold.

The price would then skyrocket.

At $55k (FOFOA is now suggesting $100k per oz) in NON-HYPERINFLATED US$, that would go a long way to reducing US debt.  Same would probably work with Bitcoin.

[Newcoins2020]

I don't think bitcoin can resolve this debt that they have.

The bitcoin price is not nearly enough to save the US dollars. Even if it could, I wouldn't be okay with this.

[fair_player]

Yeah how would that be possible. The US governement starting speculation on bitcoin to reduce the debt.

I don't think the US tax payer would like that..

That would never happen!!

[mcplums]

Hmmm

It is crazy that the USA is on quite unshaky ground. It really is smoke and mirrors and i do not think any person has a true idea of total debt. I think America is in quite a bit of trouble. It will be interesting as an outsider in Europe to see the whole thing come tumbling down, and eventually see what they do to keep afloat.

Europe has very similar problems.

[Decoded]

It could if America invested enough money into it. Bitcoin can basically do anything. If you invested at the start of bitcoin, you could have increased your investment a thousandfold.

[ultimatesky]

I don't think so. Even if it could I wouldn't want that to happen. Their government can solve their own shit at this point.
I don't want them dragging bitcoin into their debt.

[jt byte]

It could if America invested enough money into it. Bitcoin can basically do anything. If you invested at the start of bitcoin, you could have increased your investment a thousandfold.

That might be true, but there are just to many debt in the US.
And there is always is debt in other countrys so doesn't matter actually, because people still survive untill now.

[Snail2]

Nothing can resolve the US debt without some principal changes in the whole US financial/banking system. In addition the US government and their owners wouldn't be very much interested in throwing away their "money printing industry" for something what they cannot manipulate at will.

[bitlancr]

Nothing can resolve the US debt without some principal changes in the whole US financial/banking system. In addition the US government and their owners wouldn't be very much interested in throwing away their "money printing industry" for something what they cannot manipulate at will.

Yo, this exactly. I don't even want to see bitcoin trying to save or even try to help the dollar. I think that will bring the value of bitcoin down when this happens. I would like to keep the dollar and the US debt separate from bitcoin.