The only possible end for an "economy" based on debt is bankrupcy. The only reason it hasn't happened to the $ or the € yet is because they are the biggest. But almost everything bellow them have experienced bankrupcy and all the drama behind it. But the time will come that the $ and the € will also bankrupt. It's really unavoidable.
that doesnt mean bitcoin is the only money..
It isnt..
Forms of money will always come around..
Economy is not a closed system, FIAT may die and will appear again and again.
Debt is a tool
If bitcoin is the only money, debt will still exist.
I think you are confusing usury with debt.
debt is a tool that alows progress.
Usury linked to FIAT is slavery since the one who controls the print, controls the money.
But its a common misconception.
You are always the slave of your lenders. No exception. That's why they create that pseudo-money called fiat, to enslave you.
That's why bankers own almost everything, because people is so stupid to submit to their issued debt.
Hustle likes to think of money as an adjective that describes how well something suits the purposes of store of value unit of account and medium of exchange.
The best money and its distrobution will be spearheaded by freaks like us, because most people are too busy, retarded, or arrogant to realize what the best money is and why they need to adopt it.
I wish money were definitely limited to Bitcoin. But that's not the case at least for now. People and institutions have just started to realise the potential of ultimate money a k.a. Bitcoin. However we're still just starting.
Read it. #526826