That is debated, the debt is to the bond holders, who buy bonds expecting interest payments and eventual return of the capital.
The bond holders are generally other governments and institutions rather than individuals, so you could argue that they can afford to loose the principle if the Interest is paid over time.
Probably some can, but some can't.
In the fiat system, debt is money and those buying the gov bonds also get money created from nothing to buy them LOL
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Yes and they get first mover advantage:
Therefore, if both sides of the ledger were created from nothing, the debt doesnt matter.
What matters is if people will keep accepting fiat for their time/labour. Then the game stops.
Yep
basically bitcoin is $10 or $10K or $100K not matters - becos u r measure with shit - means u VALUE that DEBT SHIT
all morons in nostr post 100k gang 500k gang are the shit -becos denomination is shit itself
1 sat is 1 sat
