Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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Wow, didn't mean to trigger you bro, I'm sorry. I'll answer your questions tho. ELY5
Look at it from a different perspective: it's almost impossible for a poor person to accrue substantial debt, only a fool would lend money to someone who can't pay. That's why bums don't live in mansions and drive Ferraris -- no one offers them that kind (or any kind) of credit.
Does this clear things up at all?
Wow, didn't mean to trigger you bro, I'm sorry. I'll answer your questions tho. ELY5
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If debt is money then the more debt you have in a community the more wealthy is that community as a whole.
That's silly. If I owe you 100 bit-coins and you owe me 100 bit-coins, our community of 2 has plenty of debt, but nothing could be said about its wealth. Quote
most indebted nations think they are the richest ones.
They don't think they're the richest nations because they have the most debt. They think they're the richest nations because they have stuff, power and clout. That's what makes them rich.Look at it from a different perspective: it's almost impossible for a poor person to accrue substantial debt, only a fool would lend money to someone who can't pay. That's why bums don't live in mansions and drive Ferraris -- no one offers them that kind (or any kind) of credit.
Does this clear things up at all?