• Mamertine@lemmy.world
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    1 year ago

    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.

    • chuckleslord@lemmy.world
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      1 year ago

      IMO nothing, it’s pure speculation powered by nothing but blind greed. If it isn’t a bubble, then nothing is.

      • DrBoom@lemmy.ml
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        1 year ago

        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

    • garbagebagel@lemmy.world
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      1 year ago

      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?

      • AA5B@lemmy.world
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        1 year ago

        It’s not that clearcut: they have various tricks to keep it alive, if they know where you are. This is why you never admit to a debt nor pay the token amount they offer; both are tricking you into legally claiming responsibility, so they can keep the debt alive