Hacker News new | past | comments | ask | show | jobs | submit login

It's funny that you mentioned war because Bitcoin proponents pointed fiat enables reckless wars.

"Since the start of organized warfare, the crucial sinew of war had been “endless streams of money.”

https://publications.armywarcollege.edu/pubs/2339.pdf




Fiat enables. Period. Plenty of kingdoms and empires were able to finance their pointless wars with gold.


Two generations from now when new generations fight for scraps of deflationary money, those who amassed wealth early in the crypto cycle will definitely finance wars.


Aren’t you basically repeating the same thing as the person you’re replying to? If the nation with a Bitcoin economy is threatened by the nation with a fiat economy and in the process of armament, what should they do?


But if it enables war for fiat countries and constrains it for BTC countries, doesn't they imply a significant likelihood that the fiat countries will conquer the others?




Consider applying for YC's Spring batch! Applications are open till Feb 11.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: