Quote from: Maegfaer on February 02, 2015, 08:32:10 AM

Quote from: r2dnb on February 01, 2015, 09:10:20 AM

Actually, there is even more debt than there is money supply at a given time.

And you don't believe that that is a bad thing? Debt is ever rising faster than credit in the current monetary system, and it would happen to Bitcoin as well. Usury and debt-money are at the core of the world's economic problems. The savings of the common populace are in peril due to fractional reserve banking, just a few economic shocks, some panic, a bank run, and most people can wave goodbye to their hard earned savings.

What the world needs is a move away from such a system. Debt money and fractional reserve banking should become exceptions rather than the status quo. The common people should have most of their money savings in secure storage, backed by a 100% positive balance, not dependent on someone else's ability to pay their negative balance.

Well said, but when the fiat runs low due to debt don't some countries just print more notes therfor devaluing the countries currency more.
If all 21mil BTC has been mined and its all lent out as debt what happens then?