could bitcoin resolve the us debt | Bitcointalksearch.org

BillCoin

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Quote from: Sir_lagsalot on December 03, 2015, 05:24:16 PM

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.

amzad

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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.

hase0278

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Quote from: $66trillionusdebt on December 03, 2015, 03:33:30 PM

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.

CryptoGeneral

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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.

Gozie51

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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.

AtheistAKASaneBrain

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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.

LuckyYOU

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Quote from: newcoins1978 on December 10, 2015, 10:49:08 AM

Quote from: bitlancr on December 10, 2015, 10:26:10 AM

Quote from: Snail2 on December 10, 2015, 09:21:59 AM

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?

newcoins1978

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Quote from: bitlancr on December 10, 2015, 10:26:10 AM

Quote from: Snail2 on December 10, 2015, 09:21:59 AM

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.

bitlancr

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Quote from: Snail2 on December 10, 2015, 09:21:59 AM

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.

Snail2

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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.

jt byte

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Quote from: Decoded on December 10, 2015, 12:30:37 AM

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.

ultimatesky

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SkyFall

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.

Decoded

legendary

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give me your cryptos

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.

mcplums

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Quote from: WaterSupply on December 04, 2015, 08:27:39 PM

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.

fair_player

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Quote from: HarryKPeters on December 04, 2015, 07:39:32 AM

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!!

Newcoins2020

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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.

OROBTC

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Quote from: $66trillionusdebt on December 03, 2015, 03:33:30 PM

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.

virtualx

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LOTEO

Quote from: $66trillionusdebt on December 03, 2015, 03:33:30 PM

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%.

acroman08

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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.

zodiac3011

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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

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