You’d still owe that debt. Unless you go to prison for live than the debt’s statute length. Generally 7 years.
Also some jurisdictions make you pay for the privilege of going to prison.
Ymmv, choose your state of jurisdiction very carefully.
Also crypto is a bubble IMO.
IMO nothing, it’s pure speculation powered by nothing but blind greed. If it isn’t a bubble, then nothing is.
Lmao yeah me trading an hour worth of work for a meal that I will consume is the same thing as me trading an hour of work for a nebulous pile of 1s and 0s and hoping some dipshit will pay 2 hours worth of work for them later
How many bubbles pop 3 three times and then proceed to blow up bigger than the last time? I know of exactly zero. Looks more like an adoption curve when expressed logarithmically
Adoption for what? There’s no indication that it’s becoming interconnected to the economy at large. Just the opposite, in fact. FTX, one of the biggest crypto banks, completely collapsed and the rest of the economy didn’t care. If it was Goldman Sachs or BoA, everyone would be sounding alarm bells, because they are actually integrated into the rest of the economy. Crypto just isn’t.
Wait if you can avoid debt collectors for 7 years they just forget about you?? Like I could fuck off to another country where they can’t garner my wages and come back and they can’t do shit about it?
Debt is super weird. In some cases you can have thousands very much just disappear after 7 years, in others they’ll hunt you down mercilessly over a $25 copay they mailed you a “this is not a bill” letter about 2 years ago. My wife was pretty deep in debt when we first started dating and I literally have seen both extremes and everything inbetween.
