Rassah wrote: "US has military bases all over the world, and actually gets paid by countries to keep them safe. Places like Japan and many European countries are able to afford things like "free" healthcare and such because they are not paying to support their own military; we provide that to them (for a fee). As long as the US requires those countries to pay for our military and hardware with USD, the currency will have backing"
Can also
BTC have backing from some sort of militia?
Do you really think without a weapon support can
BTC survive?
With everything that Bitcoin has achieved so far, do you think some form of an armed force is needed to back up Bitcoin and make it successful? What for?
Ok. Think that way: To protect all paper money (fiat): The State is that organization in society which attempts to maintain a monopoly of the use of force and violence in a given territorial area; in particular, it is the only organization in society that obtains its revenue not by voluntary contribution or payment for services rendered but by coercion. While other individuals or institutions (Bitcoin miners for example) obtain their income by production of goods and services and by the peaceful and voluntary sale of these goods and services to others, the State obtains its revenue by the use of compulsion; that is, by the use and the threat of the jailhouse and the bayonet. Having used force and violence to obtain its revenue, the State generally goes on to regulate and dictate the other actions of its individual subjects. One would think that simple observation of all States through history and over the globe would be proof enough of this assertion; but the miasma of myth has lain so long over State activity that elaboration is necessary.
So, at some point militia support will be needed to protect
BTC. It is inevitable. What do you think?
