I can not understand how this debt can be so large 
Topic: could bitcoin resolve the us debt - page 2. (Read 2202 times)
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
I can not understand how this debt can be so large
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Obviously this won't be resolved to the satisfaction of the creditors.
http://www.usdebtclock.org/
If you have OCD be careful with that link lol (numbers everywhere)
some scary info of just how screwed we are then I think the OP
can answer the question himself.
If you have OCD be careful with that link lol (numbers everywhere)
some scary info of just how screwed we are then I think the OP
can answer the question himself.
This link is amazing thanks for sharing
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..
I don't think the US tax payer would like that..
I can't see how this would be possible.
You can't replace the dollar by bitcoin, I don't think bitcoin is not nearly enough worth for it to be able to pay of all the debts.
You can't replace the dollar by bitcoin, I don't think bitcoin is not nearly enough worth for it to be able to pay of all the debts.
Yes, I really don't see how this would be possible apart that US government invests in Bitcoin heavily and that Bitcoin skyrockets to $10 millions a coin. This would be the only possible way in my opinion!
I can't see how this would be possible.
You can't replace the dollar by bitcoin, I don't think bitcoin is not nearly enough worth for it to be able to pay of all the debts.
You can't replace the dollar by bitcoin, I don't think bitcoin is not nearly enough worth for it to be able to pay of all the debts.
No. Only mathematicians can do. Economy is a mathematical problem.
The debt is an illusion, there is no debt when central bank can print money at will: All the debt is owed to banks, but banks don't really need the repayment, when they need money, they just print as they see fit
However, banks will never do a debt forgiven, so you have higher and higher national debt, this is to make sure people trust the value of fiat currency. You can imagine, if all the debt can be forgiven (as they should), then people will all take unlimited loans and spend, no one is going to work, immediately create hyperinflation and destroy the value of fiat currency. Debt is the driven power for the society
However, banks will never do a debt forgiven, so you have higher and higher national debt, this is to make sure people trust the value of fiat currency. You can imagine, if all the debt can be forgiven (as they should), then people will all take unlimited loans and spend, no one is going to work, immediately create hyperinflation and destroy the value of fiat currency. Debt is the driven power for the society
thinking about it they can simply extinguish all debts via electronic way, with a simple erase, simple click
and even in the remote case that bitcoin can suck all the fiat value, they can simple print more and have again their amount
Somekind of digital token will erase fiat, but not in the near future, because governments want and have extreme amounts of control and power and donating that power away would be a pretty tough process. However it'll happen if we give it enough time.
The debt is an illusion, there is no debt when central bank can print money at will: All the debt is owed to banks, but banks don't really need the repayment, when they need money, they just print as they see fit
However, banks will never do a debt forgiven, so you have higher and higher national debt, this is to make sure people trust the value of fiat currency. You can imagine, if all the debt can be forgiven (as they should), then people will all take unlimited loans and spend, no one is going to work, immediately create hyperinflation and destroy the value of fiat currency. Debt is the driven power for the society
However, banks will never do a debt forgiven, so you have higher and higher national debt, this is to make sure people trust the value of fiat currency. You can imagine, if all the debt can be forgiven (as they should), then people will all take unlimited loans and spend, no one is going to work, immediately create hyperinflation and destroy the value of fiat currency. Debt is the driven power for the society
thinking about it they can simply extinguish all debts via electronic way, with a simple erase, simple click
and even in the remote case that bitcoin can suck all the fiat value, they can simple print more and have again their amount
Really can bitcoin do it? I mean how?
Maybe america have debt, but I am just sure in the future everything is gona be oke.
I don't mind if there is debt in my country as long I am a live and happy what I have.
Pleas all country just destroy your money and replace it to Bitcoin, best solution ever
Maybe america have debt, but I am just sure in the future everything is gona be oke.
I don't mind if there is debt in my country as long I am a live and happy what I have.
Pleas all country just destroy your money and replace it to Bitcoin, best solution ever
If anything, adoption of Bitcoin would make their debt worse. One of the reasons why government loves having their central bank institutions is that they can print money over time and basically inflate their debt away. So whilst in the fiat world debt is relatively decreasing over time - tending towards 0, in the world of bitcoin there is mild deflation throughout. This means the value of their debt is relatively increasing every minute of time that passes. This will make it much worse for them! Except if they somehow negotiated a deflation linked payment plan with their creditors.
I don't think so. If they would print more money, that would solve all of their debts, but of course they won't
They would rather see their country go to shit rather than getting it out of it.
They would rather see their country go to shit rather than getting it out of it.
or even half of it or even 1/10 of it? ??
Bitcoin only can increase the United States debt or the debt of every other country which would have such kind of problems. Or will create such problems for those countries which will try to use it to decrease their actual debt. For the simple reason that bitcoin is owned by no one. Nor from United States and neither from no one other country. So, to be owned the needed amount to liquidate the debt of the United States (if it will be possible because must be seen the capital market of bitcoin and the amount of debt of United States) and to be used to eliminate the debt, first, the bitcoin must be bought (or created, mining). Both actions have costs. Maybe bigger the first way and less the second way but yet are costs. Any kind of profits. So we will see the opposite of the desired action. The debt will became greater. Will be added even the money needed to fulfill the above actions.
I am not sure if it wil but I just heard that with Bitcoin you can resolve anything.
Only that people need to believe also in bitcoin.
I bet that when dollar or euro will be in really bad shape like really bad. Than bitcoin will be there savior.
Only that people need to believe also in bitcoin.
I bet that when dollar or euro will be in really bad shape like really bad. Than bitcoin will be there savior.
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