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.
Exactly!!!! People need to understand that Bitcoin is just coming to improve our financial system which will help prevent some unnecessary financial errors and problems seen in the financial world. People need to understand what bitcoin is and its true purpose to the financial ecosystem.