[rawtxapp]

You know what happens then? House prices will fall because they won't have access to cheap money, so they'll end up being priced at their true value. Housing would stop being an investment, instead it would serve it's true purpose of providing lodging.

[jollybean]

Yes, and then you know what happens? Builders stop building because of dropping prices. Trees stop getting felled.

It's called a 'deflationary trap' and everything falls apart.

Nations need a stable currency to function, BTC is untenable.

There's not much to debate here because it simply won't work, it's Banana Republic kind of stuff. They'll never switch over to BTC as a nation it's pragmatically impossible.

If they had the ability to effectively switch over to BTC, then they'd have the ability to responsibly issue and manage a currency.

[reader_mode]

So you're going to end up paying more in real terms (since deflation), for a house that's going to be worth less, you're making less and you have to pay interest. Sounds like an amazing deal, would vote for bitcoin tomorrow !