Replying to Avatar 𝕞𝕪𝕡𝕒𝕥𝕙𝕥𝕠𝕗𝕚𝕣𝕖

I see it the other way round. They cannot redenominate fiat debts in bitcoin. Fiat debt will become more and more worthless.

I also do not see any nation state adoption of btc, that would mean giving up the printing press and their power. Also, majority of people love fiat and getting loans. Fiat isnt going anywhere soon.
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kyle-moore 2mo ago

They would give it up if china tries to create a gold backed global currency to compete with the dollar. There gonna be forced to give it up though inflation anyways. Many countries that have gone through this process end up reevaluating debts.

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𝕞𝕪𝕡𝕒𝕥𝕙𝕥𝕠𝕗𝕚𝕣𝕖 2mo ago

They may agree on going back to a gold standard backed by fiat, but not super hard money like bitcoin.

In any event, all debts will be wiped out in hyper inflation

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kyle-moore 2mo ago

Any historical examples?