Immoral Student Loan Forgiveness, Broken Academia Could Be Fixed With A Bitco...
Federal student loan forgiveness is immoral and fueled by the broken monetary system. Bitcoin would force higher education to improve.This is an opinion editorial by Bruce Fenton, host of Satoshi Roundtable and a current candidate for U.S. Senate.The so-called “forgiveness of student loans” promised by President Joe Biden is not just the death of sound economic policy in the U.S., it is the death of accountability for many Americans.The loan forgiveness plan moves wages and wealth from workers to debtors. This type of deal breaks the bargain that people have in decision-making where....
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Biden’s student loan forgiveness plan demonstrates the need for sovereign financial rails like Bitcoin.
College education is expensive, whether you’re going for your bachelor’s degree or your master’s degree. And these days, American students are more burdened by student loan debt than ever before. While there are more affordable options, such as online schools that offer a wide array of programs, from an online MBA to an online homeland security program, taking out loans to pay for higher education has put young adults in debt before they even have a chance to start working. A Look at Some Numbers. To really understand just how burdened American students are with debt, you need to look at....
The biggest ICO of 2021 is now underway, a claim by the Student Coin project which is not far from the truth as it is backed by one of the largest communities in the world – Academia. Operated by students, faculties and entrepreneurs from over 20 different universities, Student Coin is an initiative to create […]
Dennis Porter said that the government should give $10,000 worth of Bitcoin to debtors and lock it for 10 years. Following United States President Joe Biden's announcement of a student loan forgiveness plan that aims to cancel the debt of up to $20,000 for millions of Americans, a Bitcoin (BTC) supporter proposed an alternative method to pay off the loans. Dennis Porter, the CEO of the non-profit organization called Satoshi Action Fund, tweeted that there's another way for the U.S. government to solve the student loan issue. According to Porter, Biden could give each debtor some BTC worth....
How will the President’s student loan debt relief program impact Bitcoin? It boils down to demographics.