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Author Topic: Can bitcoins stop bad debts  (Read 1557 times)
davis196
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August 23, 2016, 02:26:20 PM
 #41

With the debt crises in the eurozone, bitcoiners have been advocating the use of bitcoin in place of fiat. I don't think that will solve the problem on ground, people will always borrow money whether cash or bitcoins. What do you think?

There`s no way that bitcoin or any other currency can stop bad debts.

Bad gebts have nothing to do with bitcoin and btc is not the solution for this problem.

The european economy needs to start growing.

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August 23, 2016, 02:40:00 PM
 #42

With the debt crises in the eurozone, bitcoiners have been advocating the use of bitcoin in place of fiat. I don't think that will solve the problem on ground, people will always borrow money whether cash or bitcoins. What do you think?

If its people debts then they must earn for it too. It is the same with fiat if they owe the government or the bank money then they will get a job to pay it.
There is no exception in bitcoin. To pay is to work for it. But if are saying paying through bitcoin then why not just cash it out or exchange it to fiat. It will also be the same.

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August 23, 2016, 02:46:44 PM
 #43

it was just a stupid action or a game that actually makes you fall when there is no way to cover your debts that have accumulated with great interest.
stupid action? in my opinion bitcoin cannot stop the debts and such stuff until our whole financial system wont fall

 
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August 23, 2016, 04:30:23 PM
 #44

it was just a stupid action or a game that actually makes you fall when there is no way to cover your debts that have accumulated with great interest.
stupid action? in my opinion bitcoin cannot stop the debts and such stuff until our whole financial system wont fall
Bitcoin can help anybody to negotiate with the bad debit, sure it wont fix those issue for sure. Bitcoin allows anyone to get an extra source of income, but if you arent able to deal with your debit, for sure bitcoin isnt the answer to your problems.
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