reply on: The Feds' Runaway Deficits Are Here to Stay \ stacker news ~econ

39 sats \ 3 replies \ @Akg10s33 23 Aug \ on: The Feds' Runaway Deficits Are Here to Stay econ

This is an important topic although quite trite lately... now we can graphically see the endless evil of the American economy... and that without any remedy it is going to lead them to catastrophe... unless they are sensible and adopt Bitcoin as their solution. It would be something unprecedented and never seen before! but I fully believe that it would work... and it would be the most viable path!

100 sats \ 2 replies \ @Undisciplined OP 23 Aug

I'm going to echo @DarthCoin here and say that Bitcoin is for individuals to protect themselves from the depravities of the state, not for the state to save the economy with.

31 sats \ 1 reply \ @Akg10s33 24 Aug

We totally agree that Bitcoin is to protect oneself from the state and the upper echelons who want to control the masses!! I'm just saying that a very viable option to solve debt and the uncontrolled printing of so-called money is to adopt bitcoin.

0 sats \ 0 replies \ @Undisciplined OP 24 Aug

I actually don't think that's right, or it at least really depends on what you mean by "solve".

The debt cannot be paid off, it just isn't plausible. Therefor, it's either going to be defaulted on softly through inflation or hard through repudiation. Bitcoin adoption would mean the hard solution, which would cause enormous upheaval and distress.