In the world of Bitcoin we have a big problem. While we didn’t create the problem, it’s something we’re going to have to address. If we’re out here extolling the virtues of sound money we need to do so all the way down the stack.
Sound money only matters if you personally have a sound balance sheet
I’m talking of course about the problem of telling people,“bitcoin will solve your problems”. Bitcoin is an incredible revolution. It is all the things we say about it and more. What it’s not though, is a cure all for personal financial troubles. Bitcoin won’t stop people from racking up credit card debt and it certainly won’t pay off those balances.