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Author Topic: could bitcoin resolve the us debt  (Read 2017 times)
newcoins1978
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December 10, 2015, 02:49:08 PM
 #41

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.

Yeah maybe that it will go down, but bitcoin is bitcoin.
Yes that is true that with bitcoin you can just resolved it, because there is to much debts.
In another side is that with bitcoin you can solve almost anything.
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December 10, 2015, 02:50:35 PM
 #42

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.

Yeah maybe that it will go down, but bitcoin is bitcoin.
Yes that is true that with bitcoin you can just resolved it, because there is to much debts.
In another side is that with bitcoin you can solve almost anything.

I would like to know how you would see bitcoin solving the US debt? Are you aware of how much bitcoin is worth and how much debt they are in?

AtheistAKASaneBrain
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December 10, 2015, 07:54:36 PM
 #43

Even if Bitcoin could solve the debt problem, there's nothing that can avoid a big crash.. to adopt a new system the old one has to crash no matter what. There is no magic formula that will save us from the collapse, other than being part of an actual alternative system such as having your wealth on Bitcoin and gold.
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November 01, 2017, 05:17:08 PM
 #44

Is there really any visibility in this given the amount of bitcoin in circulation and number of users and comparing the debt level.
Meanwhile, the US government has not really been keen about bitcoin. People have to believe in a thing before they start looking for possibilities therein.

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November 01, 2017, 07:12:31 PM
 #45

I don't know. Why should the governement try to make use of bitcoin for that matter? I think most countrys are able to declare their debt as null and void. But this has some serious drawbacks, therefore it gets avoided.
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November 01, 2017, 09:48:32 PM
 #46

or even half of it or even 1/10 of it? ??
Probably bitcoin won't resolve the US debt after all, no government is heavily invested on it therefore they won't gain anything when btc price rises. At the same time they won't lose something when it dumps. For it to be solved by btc, they must be heavily invested onto bitcoin first or else btc can't help them. It might help them solve half of their debt maybe or 1/10th of it. At least that is better than nothing. Probably they won't even try considering to invest into bitcoin.

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March 01, 2018, 10:55:01 AM
 #47

It is easy, when the growth reaches its limit (natural thing), the only way to overcome the underlying limit of the economic structure of a country is to go in debt (= doping).
Debt growth, which can generate a retrograde action: increased through debt repayment and debt repayment
Once the process is started, there is a twist, the only way to survive the system is to run faster and faster, or to fall any further.
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March 01, 2018, 03:46:03 PM
 #48

It could if the US invested enough in bitcoin. Bitcoin has got $1000 before, and if the US government wants to invest, more US citizens will join and bitcoin's price will go sky high. And yes, the US can obliterate their debt.

No, it won't make the price higher because the liquidity will still be low, also what you  claiming here is that the US governments should be making up on their citizens and stealing their money,  as it's the same thing.
You can't really solve the debt with bitcoin, it's only going to increase it and make the situation even much worse then it is now.
I believe that the US is going to give a fight against the debt by raising the inflation rate ,and at the same time lowering the interest rate.


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