Could Bitcoin be the cause of the war

[Insanity]

When big government takes choice to gather digital coins or design another financial policy, they are merely attempting to safeguard their own finance as well as economy. It is fact that these new digital assets are ones that leaders are paying more attention to, to have more financial power in future. To me, nations can only engage in war due to tangible or physical things such as land disputes, border safety, and other valuable resources such as oil and water. Computer code or a digital coin is merely too minuscule to cause a leader to send out armies, or to engage in costly military assaults. Governments may take advantage of digital assets as convenient device to circumvent the trade embargo, or stash additional gold, yet they never initiate a conflict over it.

I agree that most wars are fought for territory, resources, security interests and geopolitical influence instead of one thing such as bitcoin. But I'm not entirely convinced of the centrality of financial systems in today's wars. In the search for economic dominance. Countries have engaged in competition throughout history, and the control of money has been a component of this. Although Bitcoin nor any transaction through it is directly causing any war, if it becomes a strategic asset for any of the aforementioned reasons, it might affect political tensions. I believe that Bitcoin may have more of a role in the competition of economies than it does in the impetus of a country to go to war.

[Jostern]

How can bitcoin even be this cause of the war, how can someone be thinking that from their own mind, it’s quite extraordinary for someone to be thinking about such a hilarious thing, personally we all know that nuclear weapons is the primary aim of this war, unless there is something that we don’t know about and nobody is telling us about it, so personally there is also a claim that the war is caused by Oil and the Straint of Hormuz becoming close has also been  problem and a huge Challenge for people who are pass through the Straight, but the war isn’t about bitcoin, it’s entirely about something different.

[DiMarxist]

What are your reasons for bringing up a topic like this. You should have at least given us reasons to believe in your line of thoughts and reasoning until that is done, I will not subscribe to this your point of reasoning. Different governments across the world especially those, once who are foresighted and have the future of their country at heart. Is looking at the way of Bitcoin because Bitcoin is the future currency of the world, Bitcoin is gradually becoming an indispensable part of the world financial system because of its decentralized nature. Bitcoin really has it use in times of war when finances of countries will be seized, due to the decentralized nature of Bitcoin many government were looking at the way of Bitcoin. Do government interest in Bitcoin has no Link with war.

[serjent05]

Is looking at the way of Bitcoin because Bitcoin is the future currency of the world, Bitcoin is gradually becoming an indispensable part of the world financial system because of its decentralized nature. Bitcoin really has it use in times of war when finances of countries will be seized, due to the decentralized nature of Bitcoin many government were looking at the way of Bitcoin. Do government interest in Bitcoin has no Link with war.

Is not this an exaggeration?  As long as there is a government in charge, which is all about centralized power, I do not think Bitcoin can be the future currency (I think it will stay as an alternative), even though I would like that to happen.  Aside from that, Bitcoin being decentralized is one major problem why financial institutions are rejecting Bitcoin to dominate the current financial system, but the benifit they can get make them implement a second layer where integration of decentralized Bitcoin is set on a centralized system where they still have control.

I agree that government's interest in Bitcoin is not enough to make these countries declare wars against other countries because at the end of the day, they don't have control on the supply and system of the Bitcoin blockchain.

[moneystery]

While more governments are accumulating Bitcoin, I don't think it's reaching the level where countries will go to war over it. There are more important things that countries would fight over, like uranium, oil, and other strategic resources, and I don't think Bitcoin is at the point where it's so important that countries would fight over it.
There's no reason for countries to go to war over Bitcoin. If it's about potential profits, they can get that from other sources, so there's no need to go to war over it.

[Rustam Meraj]

While more governments are accumulating Bitcoin, I don't think it's reaching the level where countries will go to war over it. There are more important things that countries would fight over, like uranium, oil, and other strategic resources, and I don't think Bitcoin is at the point where it's so important that countries would fight over it.
There's no reason for countries to go to war over Bitcoin. If it's about potential profits, they can get that from other sources, so there's no need to go to war over it.

You are correct because in case of conventional wars, wars are always fought about physical thing that you can touch such as land, oil, water, and power. Bitcoin is not such. It exists in internet and no nation can adjust its code or steal it with dropping of bombs. There is no sense going to war and seize Bitcoin since a country can simply purchase it or extract it with help of their own electricity without having to fight a war.

Nations may not send tankers and soldiers, but they will wage war with trade regulations, computer hacking and financial consummation. It does not concern struggle on profits, it concerns possession of new economic system of the world. Bitcoin is not going to make powerful countries engage in literal war but it will certainly alter the manner in which economic games are played amongst the powerful countries.

[wmiran]

I don't think so. Wars are usually driven by political, strategic, and economic interests. Bitcoin may play a small role in some financial discussions, but there's little evidence that it is a major reason behind modern conflicts.

[taufik123]

I don't think it is more than enough. I actually still hope that I can use Bitcoin for another purpose (payment tool). Sure, it is difficult but it isn't something that really has no chance. If our government has no choice to improve our financial condition and our local currency keeps declining its value, it is not impossible that our government will accpet Bitcoin as one of legal currencies in our country.

If you look at the current condition of our country, it is quite risky to make Bitcoin a legal tender instead of IDR,
there are many factors that need to be thought about why it is too risky, the problem of volatility and of course Bitcoin will be full of higher risks.
Bitcoin is only optional or another payment option, but it does not replace IDR payers as the primary means of payment.

[kawetsriyanto]

Wars are usually driven by political, strategic, and economic interests. Bitcoin may play a small role in some financial discussions, but there's little evidence that it is a major reason behind modern conflicts.

Political issue, territorial factor, and economic resources are mostly the triggers of wars. So far, there is no war triggered by something like Bitcoin. And it seems quite impossible to be the major factor of a war.

If you look at the current condition of our country, it is quite risky to make Bitcoin a legal tender instead of IDR,
there are many factors that need to be thought about why it is too risky, the problem of volatility and of course Bitcoin will be full of higher risks.

I don't say Bitcoin should replace IDR, it will be an alternative currency only. Sure, IDR is irreplaceable we will always need IDR. Even the government may consider BTC as a legal tender, I'm sure they won't have an idea to remove IDR as the main currency. Well, it seems no big risk to make BTC be an alternative currency. But this may be in my amateur perspective only.

Bitcoin is only optional or another payment option, but it does not replace IDR payers as the primary means of payment.

Indeed. BTC isn't intended to replace fiats. Sure, it won't remove IDR as the main currency.

[Orpichukwu]

I don't think so. Wars are usually driven by political, strategic, and economic interests. Bitcoin may play a small role in some financial discussions, but there's little evidence that it is a major reason behind modern conflicts.

Countries are more focused on politics and control, which is what could mostly lead to war, than bitcoin could ever do. Even if one country is against bitcoin and the other is in favour of it, it's still not enough reason for them to fight against themselves for something they can't even control. It is really out of the line for someone to even think an asset like bitcoin can cause war between countries.

[taufik123]

I don't say Bitcoin should replace IDR, it will be an alternative currency only. Sure, IDR is irreplaceable we will always need IDR. Even the government may consider BTC as a legal tender, I'm sure they won't have an idea to remove IDR as the main currency. Well, it seems no big risk to make BTC be an alternative currency. But this may be in my amateur perspective only.

Regarding alternative currencies, this may be a heavy consideration because regulation in Indonesia is only a commodity.
Our society may not be ready for the risk of crazy price fluctuations in crypto if it becomes an alternative payment.

Don't expect Bitcoin to be an alternative payment, the rupiah alone is now in a prolonged state of weakness against the USD, even having broken through Rp.18,000/Dollar