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This petrodollar thesis is a stretch. If anything bitcoin increases demand for oil especially due to illicit mining using stolen oil. We park military in the M

by jcrben 5y ago

This petrodollar thesis is a stretch. If anything bitcoin increases demand for oil especially due to illicit mining using stolen oil. We park military in the Middle East mostly due to religious extremist and terrorism risk. Bitcoin does not change that. But even if we park military in the US mostly due to oil, bitcoin doesn't change that either! Bitcoin increases our need for energy.

atatatat 5y ago
> We park military in the Middle East mostly due to religious extremist and terrorism risk Tall tales, unless your argument revolves around keeping the entire region so poor and fucked over that they can't afford plane tickets or other ways to go attack the US. Or you're talking about protecting something other than the US and its citizens, in which case...