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States conquered each other and fight for currency supremacy, withness US dollars and oil. Crypto would end a lot of wars. It would however introduce a lot of i

States conquered each other and fight for currency supremacy, withness US dollars and oil. Crypto would end a lot of wars. It would however introduce a lot of instability for some time as people adjusted to the freedom.

simion314 7y ago
How would this help if the companies behind this can be controlled by US, if you are from country X and US decides that from tomorrow we do not do business with X then you are fucked. So you would have to keep a very amount of value and crypto and transform it in real money , gold or something material ASAP. Were there any wars fought for money and not for something more material like resources,lands, strategical territories, ideology ? If you are referring that weapon makers need wars to make money then crypto won't fix that anyway
laurent123456 7y ago
If they don't like it, governments could block the use of that currency, make it illegal, or force people to exchange it for a state-backed crypto currency. There's no reason to think crypto currencies will make people freer or end any war. Eventually governments and corporations find ways to control all these tools that are supposed to give people freedom.
skywhopper 7y ago
This is incredibly naive. Using cryptocurrency changes none of the incentives nor the power structure. The very network and electricity supplies that cryptocurrency relies on are ultimately controlled by governments. If cryptocurrency becomes an actual important source of power, then governments will fight to control it. There is no freedom in money that relies on the Internet to exist and freely operate.
JumpCrisscross 7y ago
> withness US dollars and oil The petrodollar conspiracy gets causation backwards. People don’t use dollars because oil is mostly dollar denominated. International trade is priced in dollars because American consumers put lots of dollars in exporters’ pockets. That drives demand for dollar financial products which powers a varied financial services system. (Oil is regularly traded in pounds sterling and Euros with limited fanfare.)

simion314 7y ago

How would this help if the companies behind this can be controlled by US, if you are from country X and US decides that from tomorrow we do not do business with X then you are fucked. So you would have to keep a very amount of value and crypto and transform it in real money , gold or something material ASAP. Were there any wars fought for money and not for something more material like resources,lands, strategical territories, ideology ? If you are referring that weapon makers need wars to make money then crypto won't fix that anyway

laurent123456 7y ago

If they don't like it, governments could block the use of that currency, make it illegal, or force people to exchange it for a state-backed crypto currency. There's no reason to think crypto currencies will make people freer or end any war. Eventually governments and corporations find ways to control all these tools that are supposed to give people freedom.

skywhopper 7y ago

This is incredibly naive. Using cryptocurrency changes none of the incentives nor the power structure. The very network and electricity supplies that cryptocurrency relies on are ultimately controlled by governments. If cryptocurrency becomes an actual important source of power, then governments will fight to control it. There is no freedom in money that relies on the Internet to exist and freely operate.

JumpCrisscross 7y ago

> withness US dollars and oil The petrodollar conspiracy gets causation backwards. People don’t use dollars because oil is mostly dollar denominated. International trade is priced in dollars because American consumers put lots of dollars in exporters’ pockets. That drives demand for dollar financial products which powers a varied financial services system. (Oil is regularly traded in pounds sterling and Euros with limited fanfare.)