The economics of war. How does this affect us all especially us in crypto?

[philipma1957]

I start this thread because my other thread was moved to politics.




https://bitcointalk.org/index.php?topic=5469546.msg62960887#msg62960887

2200 Rockets shot at Israel 40 killed.
October 07, 2023, 09:43:26



I have zero issues with the people that moved it with out letting me know.


My main point is the new conflict was accelerated because the world is bored tired disinterested with Ukraine vs Russia

So we now have Israel vs Palestine

And likely we will next have China vs Taiwan . Just a future guess.


I see a huge shift in the military industrial complex's ability to earn profits. Due to modern tech ie Drones and the like.

I watched on film about 5000 usd worth of gear take out a 1 million dollar Russian tank .  At no risk to the operator of that 5000 worth of gear. 

So I am wondering when do these wasteful conflicts alter. Ships don't have the value they used to have.

 you can sink a 500 million dollar  ship with a 20,000 dollar drone.

This mean a huge shift in making money with military gear is going to occur over the next 5-10 years.

Is this new conflict going to be yet one more shift in weaponry.

And does the ability to easily attack almost anywhere anyplace mean having crypto is more important than physical assets.

I.E 10,000 cash in a home could be burnt. But my digital wealth is safe.

So forget

the war as political and think of the economic angles here.

To all in Ukraine vs Russia I hope for peace.
To all in Israel vs Palestine I hope for peace.
To all in China vs Taiwan please keep the peace.


To this forum will the new methods of attack alter the value of physical assets thus increasing crypto assets.

[1715259227]

1715259227

[1715259227]

1715259227

[1715259227]

1715259227

[1715259227]

1715259227

[1715259227]

1715259227

[BIT-BENDER]

My main point is the new conflict was accelerated because the world is bored tired disinterested with Ukraine vs Russia

So we now have Israel vs Palestine

And likely we will next have China vs Taiwan . Just a future guess

Its now becoming like a big UFC or boxing match and it's sad the world is watching on while human both young and old guilty or innocent are getting slaughtered. Not just that there has been some reports that some ammunition used are those which were donated to Ukraine if this is true then we would be seeing more wars like this were other nations would be fueling the whole issue with their support.

I.E 10,000 cash in a home could be burnt. But my digital wealth is safe.

So forget

Well I would say in this context yes it's best to hold digital asset than keep cash that can be destroyed but don't forget that there is digital banking too so really that's covered but rather I would say that war can affect a nation's economy easily and this can lead to their currency losing value but Bitcoin is decentralized so the value won't be effected by the situation of the nation's economy due to the war. In all let love lead the world.

[Etranger]

My main point is the new conflict was accelerated because the world is bored tired disinterested with Ukraine vs Russia

It is not Ukraine vs Russia. You should be accurate when mentioning who started the invasion and who is the aggressor in this situation.

Is this new conflict going to be yet one more shift in weaponry.

The conflicts, examples of which you give, was never about weapons only. The most profits made on political agreements, not on arms deliveries.

And does the ability to easily attack almost anywhere anyplace mean having crypto is more important than physical assets.

I.E 10,000 cash in a home could be burnt. But my digital wealth is safe.

The ability to easily attack almost anywhere anyplace means everyone anywhere could be attacked anytime. And when a missile is hitting someone's home, it doesn't matter, if he has cash or cold wallet with secret phrase hidden somewhere. It will all burn.

[panganib999]

If we're going based on pure logic here, then the biggest effect that war could inflict upon the crypto world is nothing else but the cessation of technological progress. When we're at war, not only is manpower allocated and redirected to produce as much destructive force and firepower to put your enemies down, that also includes the R&D, as well as the technological prowess that your country boasts of. New researches being funded for better weapons instead of cancer research. People looking for more ways to efficiently and cheaply kill each other while the economy is going to the shitbox, that's all good examples. Another would be the fact that this could easily mean that crypto would stop being used and updated since everyone's just so busy killing themselves over something trivial.

[philipma1957]

It has me thinking a lot. I remember the 911 attacks. I lost a cousin-in-law as he was a fire fighter he died rescuing people in the twin towers.

A lot of the world changed then. KYC airport security.

It seems the Russia vs Ukraine ,
Palestine vs Israel ,
Taiwan vs China in the future
. Not to mention 1 or 2 revolutions in South America Africa and Central America.

all mean an unsettled unstable world.

Bad for tech not sure as WWII was good for weapons tech. I just feel we don't need the weapons tech it does not help the world very much.

I know my digital assets are way safer than any physical assets.  I can place seeds in a few places not one. They won't all be knocked off.

Oh I can show a 24 word seed in an email to myself  that is not my seed but would let me find my seed later on.

or I could hide my seed on multiple emails to my self on multiple emails.  I do not worry if I have digital assets. they are safer than a bar of gold or even a home.

[Vispilio]

And does the ability to easily attack almost anywhere anyplace mean having crypto is more important than physical assets.

I.E 10,000 cash in a home could be burnt. But my digital wealth is safe.

...

That's an excellent point, in the medium term war magnifies the importance of crypto and the seamless way of value transfer they can provide.
You can't escape a war zone with bars of gold or land or a house, but you can instantly transfer all that wealth if it's in the form of crypto assets.

On the other hand wars and continued large scale conflicts can delay new capital entering into crypto space as crypto assets continue to be seen as a high risk asset class, so in times of strife and turmoil investors tend to shy away from risk until some kind of order is restored...

[bitcoinlearning]

Well I would say in this context yes it's best to hold digital asset than keep cash that can be destroyed but don't forget that there is digital banking too so really that's covered but rather I would say that war can affect a nation's economy easily and this can lead to their currency losing value but Bitcoin is decentralized so the value won't be effected by the situation of the nation's economy due to the war. In all let love lead the world.

I honestly see no other option but for the US to print money like never before. This will affect all hard assets, crypto included, but I would say most of the benefit will go to bitcoin being the largest and most stable. Inflation is likely to run higher, with people looking for hard assets that are outside of the system. My 2 sats.

[Argoo]

Hamas hit Israel with rockets on a very large scale and harshly, inflicting about 5,000 rocket strikes. Following this, about a thousand militants invaded Israeli territory through gaps in the fence, with the help of boats and even by parachute, and carried out senseless terror on civilians.
  In response, the Israeli IDF has already carried out about 800 strikes on Hamas headquarters and centers, and has also received permission to conduct a ground operation in the Gaza Strip, from where the attack was carried out.

Israel can use Hamas' attack, unprecedented in the last 50 years, to completely destroy this terrorist group, which is generally not supported by the Palestinian people. I don't think this war will be very long. However, the world received another military hotbed in Europe. The UN was unable to pass a resolution this time either. The reform of this international organization has already taken too long.

[Plaguedeath]

You need to take a note about a way you hide your key.

It's true every coins we have will not lose during war or natural disaster and we can easily carry and move it from a place to another one, but can we sure if during that chaos situation, we will carry our key?

Many people left their key in a hidden or difficult place to access, it's not fun when we're still search our key for risking our life.

That's why I doing this since this can make sure I always carry my key wherever I go.

To prevent this case, that's why I always bought my seed phrase wherever I go in an unexpected media e.g. concealing in a book

[Winterfrost]

OP It will definitely affect all crypto enthusiast negatively, how?

1. We wont be able to pay for things using our crypto because of lack of electricity and so wont have access to the internet. (This can be observed mostly in countries that accept crypto as a means of exchange).

2. We have been expecting mass adoption of crypto which is happening gradually. So the presence of war would reduce mass adoption of crypto, even as of now most society are still struggling to accept crypto because of their government policy so this might discourage the government to discard cryptocurrency entirely in their country.

3. Also for those countries that might be affected during the wars there might be government sanction or ban on crypto so many investors within those courtly because of the ban might lose their investment due to the fall of price. Most times some exchanges will refused withdrawal for person from those countries. This is why its advisable to keep your crypto portfolio in wallets and not exchange, because no one prays for things like this to happen but life is not fair, unpredictable things do happen unknowingly.

[retreat]

Now we seem to have entered the cold war era where countries in the world have created their own axes and can trigger war at any time. Of course, no one wants war because it will result in huge losses for those fighting and those around them. However, if escalation continues to increase and all parties are unwilling to reduce tension, we will not be able to avoid war.
We can already imagine that if countries and axes in the world went to war, it would not only disrupt the global economy but also affect the crypto market. Most likely because of this, the crypto market will crash which will cause quite massive losses and quite a lot of crypto-enthusiasts will fall into poverty because of this. Nobody wants this to happen, but in the worst case scenario it might happen.

[bettercrypto]

As far as I am aware, Hamas launched 5,000 missiles at Israel during the initial invasion by Israel against Palestine. Of course, Israel's prime minister has declared war, claiming that Hamas and Israel are actually at war. And while this is not ideal, I only wish that fewer people would be impacted by the strife in those two nations.
https://www.timesofisrael.com/hamas-commander-says-attacks-are-in-defense-of-al-aqsa-claims-5000-missiles-fired/

Even while the conflict with Russia has not yet been resolved, it has only intensified. I simply hope that the global internet and energy are unaffected because if they are, it would undoubtedly give our crypto fanatics a lot of trouble.

[yhiaali3]

I watched on film about 5000 usd worth of gear take out a 1 million dollar Russian tank .  At no risk to the operator of that 5000 worth of gear. 

Since you mentioned this equipment worth $5,000 that destroys a Russian tank worth $1 million (I expect it to be a drone), you can also add to it the equipment that Hamas used in its recent operation against Israel, which was called (Al-Aqsa Flood).

                   

This picture is of a glider called (Delta Plane) that was manufactured locally by Hamas. This primitive equipment, which costs a few dollars, canceled the work of the Israeli Iron Dome and air defense systems that cost billions of dollars, because these advanced radars and equipment are unable to detect this primitive equipment.

Therefore, I hope that these incidents will be a lesson for political and military leaders to stop spending more billions to manufacture more advanced weapons of killing and destruction.

I hope peace prevails throughout the world.

[Fiatless]

To this forum will the new methods of attack alter the value of physical assets thus increasing crypto assets.

This war has shown that no investment is void of risk. I watched the way a missile made a skyscraper crumble within a few minutes and it became clear that even the real estate sector is not safe. The increase in natural disasters like earthquakes and flooding has also brought to the limelight the dangers of investing in physical assets. I am sure that people will consider the benefit of investing in crypto assets due to the uncertainties associated with physical.  But this will only be possible with an increase in Bitcoin awareness. People need to know about Bitcoin and some of the benefits it offers. Holding crypto assets during these trying times also has some level of risk as discussed in this thread Keeping or recovering seed phrases during or after a natural disaster, but it is a good option.

[Negotiation]

I think the war economy will have no effect on crypto is not under anyone's control but will increase the demand for crypto. The wars also affected the interest rates charged by banks and other creditors to borrowers this is the result of war spending financed entirely by debt which has contributed to a higher ratio of national debt to gross domestic product and subsequent long term interest rate increases while fiat currencies suffer. Nowadays every people are very aware about bitcoin and they know the use of bitcoin which will help a lot to reduce the danger long term investment will yield better results.

[romero121]

In every form of advancement we were able to see the transition taking place in size and power. Most of the time the size used to go down whereas the power used to be more stronger. One such incident that strikes my mind after seeing the incident is an experience I had while viewing a 1080p video. Connected a drive to my desktop and opened the particular video file. It didn't play on the monitor as it doesn't support 1080p video. The same file works flawless in my mobile device. So the advancement is trying to keep everything handy and in a much powerful manner.

[KiaKia]

It has me thinking a lot. I remember the 911 attacks. I lost a cousin-in-law as he was a fire fighter he died rescuing people in the twin towers.

A lot of the world changed then. KYC airport security.

It seems the Russia vs Ukraine ,
Palestine vs Israel ,
Taiwan vs China in the future
. Not to mention 1 or 2 revolutions in South America Africa and Central America.

all mean an unsettled unstable world.

Bad for tech not sure as WWII was good for weapons tech. I just feel we don't need the weapons tech it does not help the world very much.

I know my digital assets are way safer than any physical assets.  I can place seeds in a few places not one. They won't all be knocked off.

Oh I can show a 24 word seed in an email to myself  that is not my seed but would let me find my seed later on.

or I could hide my seed on multiple emails to my self on multiple emails.  I do not worry if I have digital assets. they are safer than a bar of gold or even a home.

I am sorry for your loss, many people lost their loves ones in the 911 attacks and that gruesome effect scared me even when I was not living in United States then, see what happened with the Talibans and Afghanistan? After years of soldiers deploying into the country these people still end up winning, if the soldiers weren't called off it means the Taliban's will still be active in their dens waiting for the right time, yet Bitcoin was very much alive then, it makes new all time high still when the war was ongoing.

I am not happy about the war on Israel but the information I gathered says as of October 9 there is no report of any ongoing war on Israel and on October 7 the prime minister of Israel met with the Palestinian president to discuss ways to improve relations between the two sides.

Yet it's all over the news that Hamas struck Israel and at least 700 people were reported killed in Israel and even 400 in Gaza, I don't know what to believe anymore online, I doubt this will affect crypto on the long run, unless more countries join.

I don't think it's safe keeping recovery seed in an email, how do you tend to secure your seed phrase this way?

[Bitcoin Smith]

My main point is the new conflict was accelerated because the world is bored tired disinterested with Ukraine vs Russia

If there is no war, then the leaders/politicians don't have any other point to play the dirty political game.

From a crypto user's perspective, we can say that the digital assets will not be affected during war, conflict between borders so if we got the opportunity to move we can take away all our net worth in our hands which is not even possible in any other investment medium.

And this attack proved that governments are spending billions of our tax money for something that will be absolutely useless with the technology advancement, and we have been robbed for our entire lifetime for no reason.

[Lida93]

I see a huge shift in the military industrial complex's ability to earn profits. Due to modern tech ie Drones and the like.

This mean a huge shift in making money with military gear is going to occur over the next 5-10 years.

Is this new conflict going to be yet one more shift in weaponry.

Sometime ago I made a thread on War who benefits and how, just trying to understand what has been the benefits of these war in Ukraine and Russia both for the inside and the outside world; and now on the intense is Isreal and Palestine. And now @philipma1957 your op has given me a clear insight to that.

With the constant development of technological weaponry a market has been established and the cost of keeping this market booming is by the planting and
underground  sponsorship of war in different places because without wars countries would have no need for these weapons and the market won't make money.

 This is why certain conflicts that ordinarily have supposed to have ended keeps flaming up just when we think it's about to see peace.

And does the ability to easily attack almost anywhere anyplace mean having crypto is more important than physical assets.

Having crypto right now is safer and important to having physical assets, however with the wars and all the bombardments it therefore increases the burden of search for a safer place to keep your seeds phrase so it doesn't get destroyed leading to loss of our crypto assets as a result of having the position we hid out seeds phrase hit by a drone attack.

To all in Ukraine vs Russia I hope for peace.
To all in Israel vs Palestine I hope for peace.
To all in China vs Taiwan please keep the peace.

I also stand for peace... For only peace can save us.

To this forum will the new methods of attack alter the value of physical assets thus increasing crypto assets.

You have asked a very salient question but let me think outside the box in providing a response. Yeah this new method of attack will ultimately alter the value of physical assets but may not  have an increasing effect on crypto asset.

For in times of war what's important is survival and apart from not being hit by a bullet or an airstrike you will definitely be hit by hunger. Hence people with crypto assets will be force to sell to enable them have cash to access food for survival of not just their self but family's. And this doesn't look good for crypto assets opposed to an increment.

[Rruchi man]

~

More persons who are not yet investing in crypto will consider it more with all this crisis and them seeing how easily other physical assets can easily be destroyed and lost, and how safely one's assets can be with crypto especially bitcoins.

For us already in cryptocurrency, the entire situation of the crisis and how easily we understand that it can spread gives more reasons to want to invest more in this asset which is bitcoins.