21 sats \ 1 reply \ @riberet19 8 May \ on: Global debt continues to rise econ
When will this end? Someday it will have to end, as it is well known that this is not sustainable, the moment we decide that we have to change the economic model may be too late.
In the short/mid terms, I don't see hyper-bitcoinization unless there is a major crisis / black swan.
People aren't scared of debt and as long as poverty levels aren't causing major social issues, it will go on and on.
Hopefully, we can orange pill enough people that a side bitcoin economy is possible without too much harassment from fiscal authorities. I would be fine leaving in a place where I can find many businesses that accept bitcoins. Right now it's literally 0 where I live...
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