So essentially what this means is that the lending business is a crap business. So perhaps we should get away from a debt based system where we force everyone to take out loans and be a debt slave their whole life. Hmmm.... isn't this pro bitcoin??
Fiat and gold are widely used and accepted. You are using fiat to value bitcoin. Can you see why bitcoin might not be as widely accepted as you think it should. Now when you say that you only want bitcoin to do one thing I'm not sure what that is. What are you looking for it to do?
No it's pro common sense. I have no debt. I did have at one time, I would rather pay a mortgage than rent. Can you really envision a world where there was no debt?
LOL, is Obama president again? I remember ammo being a fun commodity to trade during his time in office. Remember the .22LR fiasco? 500-count bricks were selling for 10 times the post-Obama spike! Great times!
Yes, not that long ago, people needed 50% downpayment for a house. There were no credit cards. You left home when you saved up enough money to move out. The world works just fine on savings. It's of course more difficult to become a billionaire, but it's something that the world can do without.