Bitcoin and the return of economic consequences.

[CTO114]

Have we ever thought that Bitcoin can reduce the frequency of war. A controversial take, but stay with me.
A very valid reason why war became more frequent in the 20th century is that governments somehow found a way to separate warfare from immediate taxation.

From history,big a king wanted to fight a war, they needed gold, silver and in some cases higher taxes. Citizens felt the cost and always disapproved of such.

With Fiat currency, governments can finance wars through; money creation, sovereign debt and inflation, just to mention a few, in most cases such measures delays the political consequences of war.

A government can afford to wage a conflict knowing that the public feels the effect much later through; rising prices, reduced purchasing power, increased national debt and currency devaluation.

Here comes Bitcoin with a reintroduction of immediate economic accountability. Under a Bitcoin standard governments can't create new Bitcoin to finance military campaigns, as a result wars would face stronger democratic resistance because voters would no longer be shielded from their national burden.

Bitcoin wouldn't make humans more peaceful, it simply makes war more expensive and harder to hide?

Would you continue to do something that becomes visibly more expensive?

[_act_]

With Fiat currency, governments can finance wars through; money creation, sovereign debt and inflation, just to mention a few, in most cases such measures delays the political consequences of war.

Before fiat creation, there were wars, both within countries because of internal conflicts or political reasoning and also there were wars between countries. I mean not just wars, but numerous wars.

Fiat is not the reason war is existing. Also bitcoin can not end war because people have the mindset of waging war against each other.

I think the reason you posted this is what you have heard about the dollar dominance which United States used to have dominate power and the country was in war with Iran recently.

[BlackHatCoiner]

Bitcoin is an asset, like gold, just better to custody. It may be romantic to say that it makes war less affordable, and I wish it to be true, but in order for this to come true, people must actually wake up to the reality that their savings are being stolen every day and buy bitcoin instead.

It is sovereign individuals who de-fund war. If it takes Bitcoin to restore this sovereignty, then so be it. I hope it helps humanity, but I'm keeping the glass half-full until I see the next decades first.