Post
Topic
Board Bitcoin Discussion
Re: Will Bitcoin Solve Chinese Banking, Household Debt Woes?
by
lobat999
on 03/11/2019, 22:59:02 UTC
China’s economy is not immune to the woes that are creeping into Western ones. It has long been a nation of savers but increasing household debt and more banking bailouts are signaling stormy economic weather ahead. Will bitcoin be the savior when the big crunch comes?

https://bitcoinist.com/will-bitcoin-solve-chinese-banking-household-debt-woes/

I think Bitcoin cannot solve household debt and  banking bailouts since it cannot influence the human aspects of what causes these problems!

I mean how can Bitcoin solve household debt when the the main cause of this comes from socio-economic factors and lifestyle choices! Similarly, how can Bitcoin solve banking problems when it was the result of poor management!

Therefore, I like to assume that Bitcoin cannot solve socio-economic factors, lifestyle choices and poor management but humans will! So the solution is for us to have necessary reforms so as not to have these kinds of problems in the future. Imho.