Fiat currency incentives war because it's a blank check for those who control the money printer, that is, it's an incentive for bad ideas because reality punishes bad ideas, but for a brief time people can personally avoid the consequences of their currency printing and war mongering by robbing the value of their currency through currency debasement. When governments can't use their money printer to finance their bad ideas, including war, then they are forced to turn to other forms of resolving conflicts or solving problems besides using force and/or fear.
Historically money/treasure/valuables or currency has been physical in nature, which incentivized violence because if I kill you, I get your stuff. Now, if I kill you and you hold most of your value in Bitcoin (spiritual money) rather than a house or goods or cars, I don't get your value, which is a disincentive to violence.
But also, in the long run since government will be financed by proof of work and influence and not coercion, the Bitcoin system will gradually incentive character and competence in government, both local and national, because it will be easier to defund and fire and geo-arbitrage out of the jurisdiction of those who make poor choices based on bad ideas. Government in this Bitcoin incentivized system, will no longer be a monopoly, and will be compelled to compete for citizens by setting up conditions that are favorable to their constituents.
Furthermore, as more countries and localities and companies and families go on the Bitcoin standard, waging war against another government would become waging war against another party using Bitcoin, which violates self-interest because they are using the same monetary system. It's the opposite of what Ayn Rand said, which is something like nations that don't trade goods will trade bullets. Since nations will trade goods and Bitcoin, they won't trade bullets.
Bitcoin turns enemies into allies.
quotingOk this feels like a trollish question, but I'm going to ask it just the same.
nevent1q…eueq
Why does the consensus here seem to believe Bitcoin will end war?
Bitcoin is great. It is good to have a truly hard currency not one constantly devalued by inflation and usury. I like it, don't get me wrong.
But wars were happening long before the federal reserve was a thing. Wars were happening long before any of the current nation states were things. War is, I believe, part of our nature.
We all need things to live what we believe is our best life. Food, water, land, whatever. No currency needs to exist for me to want something that is yours, and reach out to try and take it.
Did you grow up with siblings? Did you have a rival group in high school? Ever been in a bar fight? Have you had to competitively bid for work that you need for your business to survive? Then you know individually the feelings that, writ large, create war. Scarce resources beget incentives for nasty behavior.
War is stupid, terrible, and there is no good war. I hope the current wars end as quickly as possible. But I don't really understand how you think Bitcoin will fix this.
#asknostr #war #Bitcoin