Can Bitcoin solve the world's debt problem

[Wind_FURY]

Can Bitcoin provide a way out of the world's debt problem? The current fiat world incentives debt through currency debasement and cheap debt. Too much debt can be a problem for long-term productivity and raises questions about sustainability.

Is bitcoin a possible solution to this mess? If more and more people start going from fiat to bitcoin, can we at least end up having a soft landing when shit hits the fan? Or will bitcoin exascabate the problem instead? Is there still hope for this world?

NO, but Bitcoin can solve a person’s inability to save money problem, which COULD solve his/her own personal debt problem.

But to become “the solution” for the world’s economic problems, no. The current financial system can only be “fixed” through good policies, or eradication.

[TribalBob]

bitcoin will not solve the debt of one country, where bitcoin is not real money, and is not included in the debt agreement of one country, and in fact bitcoin is not designed to solve the debt problem of one country, only as an individual investment

[Charot12345]

Can Bitcoin provide a way out of the world's debt problem? The current fiat world incentives debt through currency debasement and cheap debt. Too much debt can be a problem for long-term productivity and raises questions about sustainability.

Is bitcoin a possible solution to this mess? If more and more people start going from fiat to bitcoin, can we at least end up having a soft landing when shit hits the fan? Or will bitcoin exascabate the problem instead? Is there still hope for this world?

I think it will not totally solve the worlds debt problem but posibly be used. If the government legalized it then put a tax on it, it is posible to generate money  that can add to countries finance then eventually solve the debts. Though it was really hard to put taxes on bitcoin.

[dEjAvOU]

Can Bitcoin provide a way out of the world's debt problem? The current fiat world incentives debt through currency debasement and cheap debt. Too much debt can be a problem for long-term productivity and raises questions about sustainability.

Is bitcoin a possible solution to this mess? If more and more people start going from fiat to bitcoin, can we at least end up having a soft landing when shit hits the fan? Or will bitcoin exascabate the problem instead? Is there still hope for this world?

I think it will not totally solve the worlds debt problem but posibly be used. If the government legalized it then put a tax on it, it is posible to generate money  that can add to countries finance then eventually solve the debts. Though it was really hard to put taxes on bitcoin.

Debt problems are complicated, the presence of bitcoin is not to settle debts but to facilitate the transaction system so that it does not depend on banks, debt can only be solved with products and services so that the economy increases and can pay debts.

[bosede1]

I don't think this is any work of bitcoin because if we are talking about the world's debt then this should basically involve roundabout governments. The money borrowed from their end according to them is for economic improvement

[ataylor65]

this is not sure if BTC futures will solve this or not, because when the price increases, some people will benefit when the price of BTC increases and vice versa if the value of BTC decreases, it will lead to some people. owe more debt, it's really hard to speculate on this.

[Findingnemo]

Can Bitcoin provide a way out of the world's debt problem? The current fiat world incentives debt through currency debasement and cheap debt. Too much debt can be a problem for long-term productivity and raises questions about sustainability.

Is bitcoin a possible solution to this mess? If more and more people start going from fiat to bitcoin, can we at least end up having a soft landing when shit hits the fan? Or will bitcoin exascabate the problem instead? Is there still hope for this world?

Debts are actually created by the governments so they need to solve this with their productive economical policies and if they are going to adapt bitcoin then it may stop the further growth of debts but is there any government announced that bitcoin is their only accepted currency even over their fiat money?

The situation changes only the above things happens in all over the world.

[Zilon]

Bitcoin is a currency though not yet generally accepted but is been used for transactions all over the world so to a large extent I will a big YES. Reason been that some major companies transact using Bitcoin and few other countries accept crypto generally so for countries with similar digital drive settling debt using bitcoin will not be much of a problem.

[ShowOff]

Bitcoin can be an alternative solution for government only if they are willing to legalize it as a legal currency. I can imagine if the government wants to legalize then they can also apply tax rule to anyone who is involved in this industry be it investors, traders, trading platforms or others. Taxes can help them pay off debts, although in reality they won't cover the amount. But I don't think bitcoin can solve the world's debt problem but it can be used as an alternative solution if needed only with the implementation of taxes.

[dupee419]

There is hope, and will always be, and when you mean by exacerbate, yes, it is possible that it could also produce problems, and may also produce debt, I do believe that Bitcoin can possibly be a solution, but will definitely not be the answer or main solution that everyone is looking for since it cannot solve the world's debt, it is what it is.

[Yatsan]

I think not really because Bitcoin's existence become only useful for those who have it and for those who lacks or do not have some within their account or does not know how to manage on using it, of course Bitcoin will not be able to help them at all. There are certain things in this world that will remain unsolved even there is an existence of newly formulated technology or currency like Bitcoin for its existence will not guarantee to end up those economic problems that have already been existing even before. The solution might be cooperation coming from both government and people and not to depend upon into Bitcoin for there are factors needed to be consider resolving to find a solution into the problem of debt.

[ROSERTY]

The ratio of global debt to wealth has run out of control, causing a strange imbalance of wealth inequality, and the world's major economies are under increasing pressure. Banks inject capital into the market to maintain high liquidity and allow banks to issue more loans, thereby increasing total debt.
Bitcoin can effectively alleviate this problem, and it opened up the idea of ​​a different currency system. With its scarcity and decentralized nature, it can truly have a limited supply of currency and cannot be manipulated by any centralized institution, trying to eliminate the trust of established financial institutions in the world and put power back in the hands of individuals.

[Robinson66]

It doesn't mean that World's dept is created by Bitcoin and it can solve it. The question is All country will accept Bitcoin. Not fast but slowly when will Bitcoin reach to the moon all county will accept it because there are the many chances to be Bitcoin is source of transaction and investment in future.

All countries agree that it will take time to use Bitcoin. Many countries have stated that Bitcoin mining is prohibited, and many people are unable to make daily payments in cryptocurrencies. For example, China suppressed Bitcoin from the beginning and also banned Bitcoin mining. It is a problem for China to change its attitude.

[Evgenklm]

In theory, we can, but when switching from fiat to bitcoin, the one who provided these debt obligations will suffer, because in fact it will be possible not to give it back...there are more questions than answers, many countries will not go to this, because they are heavily stuck in debt.

[Cling18]

Bitcoin could possibly solve that world economic problem yet it still has to be accepted first by the government and also most citizens. Everyone should accept and recognize it as a currency first and let it be an instrument to solve such problem. It couldn't solve a problem if big organizations wouldn't allow it.

[dkbit98]

Bitcoin alone can't solve global debt problem without some drastic measures like arresting corrupt politicians, bankers and breaking connection with big tech corporations.
Benito Mussolini said that fascism is merger of governments with corporations, and we are now reaching new highs of this philosophy, so I am afraid that Bitcoin can't fix everything bad in the world.
However, on personal level Bitcoin can for sure fix the debt of you and your family, and spreading the word will help more people with debt on individual level.
Important rule is not to take more loans for this, don't invest more than you can afford to lose, and don't go with the herd mentallity.

[bryant.coleman]

Governmental debt is possible only with fiat currency, as far as I know. When the government needs to take debt, they will issue treasury bonds or treasury notes, ranging from 1 year to 30 years, with a fixed interest rate. Once these bond/notes get to their maturity date, the due payment is made in fiat currency. Such a system is not possible with decentralized cryptocurrency, since government can't create currency out of thin air. It is the miners who create new coins and therefore the government can't issue bonds or notes with a fixed maturity date. And this is one of the reasons why the governments will never allow Bitcoin as a legal tender.

[geegaw]

for now it will not happen, because the government still hates bitcoin, but if the government accepts bitcoin with open arms, bitcoin can solve the world's debt problems, because the tax received by the government from bitcoin, can be said to be quite large,

It is possible that the owners of bitcoin wallets can pay a relatively large tax as soon as the government accepts bitcoin but with such a resource, it cannot settle the debts of the world because each country's debt contracts can vary, but in general, interest rates and loan repayments are in cash, specified resources of a certain value that can be redeemed for debt repayment but bitcoin is not a resource that can be covered by contracts and rules. Besides, world debt is a aggravation and not just one country stick to it, bitcoin is unlikely to release debt for all

[oktana]

Nothing can solve the world's debt problem except development. As different countries continue to develop, they pay up their debt. In this case Bitcoin has no role to play. Nothing at all. It's just a currency, no super powers outside being digital.

[Shenzou]

Can Bitcoin provide a way out of the world's debt problem? The current fiat world incentives debt through currency debasement and cheap debt. Too much debt can be a problem for long-term productivity and raises questions about sustainability.

Is bitcoin a possible solution to this mess? If more and more people start going from fiat to bitcoin, can we at least end up having a soft landing when shit hits the fan? Or will bitcoin exascabate the problem instead? Is there still hope for this world?

I think that you are trying to solve a problem with the wrong tool, you can't take out a screw with a wrench, that does not mean that the wench is not useful it mean you need to use a screwdriver, the point is you can't solve problems caused by fiat like debts by using bitcoin, and i don't think that this will change unless bitcoin becomes a globally adapted currency.