2 ms·
To secure an international currency this is exceptionally efficient. Compare it to the economic and energy costs of protecting a fiat currency with an army or a
by superkuh 7y ago
To secure an international currency this is exceptionally efficient. Compare it to the economic and energy costs of protecting a fiat currency with an army or allying with a country that has an army.
- mytherin 7y agoHow would the need of an army disappear for a country that would use bitcoin as its national currency? I really see no relation between the two. The currency that is in use has no effects on an invading force. This xkcd seems relevant as well: https://xkcd.com/538/ https://xkcd.com/538/
- superkuh 7y ago>How would the need of an army disappear for a country that would use bitcoin as its national currency? Bitcoin is not a national currency. It is an international currency. It has not tied to any one country so your question doesn't have meaning. But, lets humor it anyway. Bitcoin would continue to operate just fine if a country that was using it as their national currency (an absurd premise) was invaded. There are plenty of other countries. This would not be true of a fiat currency. The fiat currency would lose it's value and be controlled.