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Old 01-12-2018, 06:43 PM   #172 (permalink)
freebeard
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Quote:
Originally Posted by redpoint5
If the US $20,000,000,000,000 debt were in bitcoin, it would be growing even worse given the natural deflation of the currency as more demand for an ever decreasing amount drives the price up.

...It shouldn't be valued as a collectors item due to its scarcity, but instead change ownership rapidly as transactions, which is what a strong economy does with money.
https://en.wikipedia.org/wiki/Trillion_dollar_coin

Congress ceded control of paper currency to the private Bank, but retains the ability to mint platinum coin in any denomination. Using your number, the Mint mints 20 platinum coins and hands them to the Federal Reserve Bank. Done. Easy, peasy.
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