If Bitcoin had existed in 1930...

[Beliathon]

If cryptocurrency had been around in 1930, Hitler would've never risen to power, and World War II never would have happened.



Think about it. It's money they're stacking, in case you were wondering. They want to buy a loaf of bread.

Just one more reason Bitcoin is good for the world.

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[pozmu]

LOL but no.
Fractional reserve, money creation, credits etc. are actually needed to move forward. You could argue that there is no need to move forward THAT much - and it may be true, but in capitalism/ democracy there is no one to control that.
I actually read a discussion stating that if bitcoin gets more popular they may appear bitcoins banks operating with fractional reserve etc (there is another question who would accept that "money").
Of course everything should be used in moderation.

PS In 1930 gold was pretty popular...

[Taras]

It's an interesting idea. If not for WWII and the holocaust, bitcoin would have stopped a considerable number of negative global problems.
Unfortunately the global hashrate in 1930 would be based on rooms of workers mining blocks using pencil and paper.
And the minimum difficulty would have to be 0.001 though the telegram would make a distributed chain feasible (although laggy).
Oh, and operating the nodes would be very resource intensive. That probably is where some of generated BTC would have gone.
Fortunately this isn't 1930. It's 2014 and it's looking a lot better from this angle.

[BitPhotos]

lol that picture is in my history text book 

[vitarian]

and everyone who lost money in the stockmarket crash would have made it back with bitcoin

[lemfuture]

porn wouldve provably keep him occupied in the basement

[drrussellshane]

porn wouldve provably keep him occupied in the basement

I like the "provably" instead of "probably".

[LostDutchman]

If cryptocurrency had been around in 1930, Hitler would've never risen to power, and World War II never would have happened.



Think about it.

Just one more reason Bitcoin is good for the world.

Horseshit.

My $.02.

[crazynoggin]

If Bitcoin had existed in 1930, then technology would have way surpassed what we have right now, assuming you meant that Bitcoin would be the same as it is today. Yea, it probably would have changed the world, but the internet also changed the world. That would have also meant that world events could have possibly been pushed back to earlier instead so the same thing could have happened, just at an earlier date.

[cbeast]

They would still be calling it a tulipbubbleponzi.

[SuperZeus]

I doubt it...

maybe hitler might have created a coin, or many coins ? maybe hiters backers might have sent him money
over the net?

Enigmacoin? https://en.wikipedia.org/wiki/Enigma_machine

[God]

LOL but no.
Fractional reserve, money creation, credits etc. are actually needed to move forward.

Good thing then that Bitcoin already has moved forward with the fractional banking that MtGox did?

Why is more money needed? Real wealth is the houses, machines, foods, services and other goods that we produce. If more money solves anything, why not just add an extra zero to all the bank accounts every year and we'd soon all be trillionaires?

[Beliathon]

LOL but no.
Fractional reserve, money creation, credits etc. are actually needed to move forward.

Good thing then that Bitcoin already has moved forward with the fractional banking that MtGox did?

Why is more money needed? Real wealth is the houses, machines, foods, services and other goods that we produce. If more money solves anything, why not just add an extra zero to all the bank accounts every year and we'd soon all be trillionaires?

"Only after the last tree has been cut down. Only after the last river has been poisoned. Only after the last fish has been caught. Only then will you find that money cannot be eaten.”
-Some native that got murdered by white folks.

[btcjedi]

How bitcoin could stop Hitler and the second World War? 

[emeraldforce]

Maybe before 1913. History much?

[cbeast]

How bitcoin could stop Hitler and the second World War? 

Hitler would have supported Proof of Stake and Bitcoin would have defeated his plans to enslave the world.

[Robert Paulson]

its possible WW2 could have been prevented.
the Weimar Republic had to print money to pay reparations for WW1, which caused hyperinflation.
if they couldn't print money they would simply default on their debt to the allies.
unless the UK and France would have invaded (which im doubtful considering they were already very War-weary) the suffering of hyperinflation could have been prevented.
without the prolonged economic misery its entirely possible demagogues such as Hitler would not have risen to power.
then again the Weimar Republic WAS on a gold standard and simply dropped it to print money, so i guess they would simply drop bitcoin as well and force everyone to use paper money.

[Beliathon]

How bitcoin could stop Hitler and the second World War? 

Hyperinflation in Germany post-WW1 resulted largely from Germany mass-printing to pay off their war reparations to neighboring nations. This hyperinflation led to a horrible depression to the point where Germans were filling wheelbarrows of money to pay for a loaf of bread.

They were poor and desperate as that nation's people had never before been. They were ashamed, and they began to felt like slaves - hopeless and resentful (sound familiar, American$?).

Desperate times call for desperate measures. Then along came a charismatic leader who promised to return Germany to its GLORY DAYS of the past, assuring everyone that Germans were a MASTER RACE and deserved their place on the throne atop the world. As a nation that was broken economically, there was only one way for Hitler to fulfill his promises...

war.

Reread those 3 paragraphs and replace "hyperinflation" with "all German people bail out of German fiat and into crypto to avoid having their wealth destroyed (=stolen by government) via hyperinflation.

Viola, no Hitler, no war.

[pozmu]

LOL but no.
Fractional reserve, money creation, credits etc. are actually needed to move forward.

Good thing then that Bitcoin already has moved forward with the fractional banking that MtGox did?

Well, I forgot to add that fractional banking with bitcoins would be stupid, similar to gold ponzi schemes that are around, where you can "buy" gold at heavily discounted price only to find out that you don't own any gold at all, only some "shares" or something like that. Bitcoin was creates to prevent this.

Why is more money needed? Real wealth is the houses, machines, foods, services and other goods that we produce. If more money solves anything, why not just add an extra zero to all the bank accounts every year and we'd soon all be trillionaires?

Money makes money = money creates houses, machines etc.
Banks without ability to create money would mean no credits to create/ buy such goods.
Loans in fractional banking are like bets that people will pay them back - bets made with virtual money. If only real money would be used, it would mean that someone instead of investing it into e.g. new machines for factory would have to invest into bank itself by making a long term deposit.

As for adding an extra zero to all bank accounts it's basically what happend during last century by introducing concepts like minimum wage, health insurance, social security etc.

[5thStreetResearch]

wouldnt be very useful pre- computer/ mobile