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Yes, and what will they pay the soldiers? Worthless Fiat? Part of the debasement of the roman currency was to pay their armies. When you take that ability away
by rfd4sgmk8u 6y ago
Yes, and what will they pay the soldiers? Worthless Fiat?
Part of the debasement of the roman currency was to pay their armies. When you take that ability away from a state, how do you maintain them without unlimited funding?
I don't know if bitcoin will end all wars, but it is far closer to a peaceful coexistence than debt-based economies.
- zepto 6y agoYou might manage to cause an upheaval in which who runs the state changes hands, but nothing else will change for the better. You’ll just get a new state which holds Bitcoin and issues debt based on Bitcoin in the form of promissory notes. It’s pretty simple - just require taxes be paid in Bitcoin and use violence against those who don’t pay. Just like with other revolutionary wars, you pay generals with land and soldiers with the new currency (I.e. Bitcoin). Some of those generals will end up as a dictator or president depending on whether you are able to establish a democracy. The state will be the ultimate HODLer just as it was with gold.
- MrMan 6y agoYes I see bitcoin causing a lot of trouble, if it is successful. And by trouble I mean violence and political upheaval