The FATAL flaw of #Bitcoin nobody thought of 😮#shorts

The American conspiracy theorist and author, #JimRickards, talks about the #deflationary feature of Bitcoin, which is not an advantage in his opinion.

What drives a #currency is #debt, #borrowing and #credit, this means every unit of it would worth more. So people who use Bitcoin now will have to pay back more in real terms.

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[NoOne-hvwz]

Bitcoin is not meant to be a currency, its digital gold

[sangay]

Bitcoin was specifically made so banks and third party holders wouldn't be involved so that there wouldn't be any borrowing or debt. But people being greedy thought they could still give it to a bank expecting to get more out of it and were then surprised that the banks lost it

[sterlingp]

Don't we have too much debt? We need a deflationary asset to help the common person. Who said both can't exist at the same time?