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0 sats \ 1 reply \ @SimpleStacker 29 Apr \ parent \ on: Bitcoin has a Brand Problem bitcoin
Bitcoin maximalists seldom ask let alone answer such inconvenient questions.
Asked and answered.
#745057
Lastly, Section 5 throws some cold water on some of Bitcoiners' more optimistic predictions. In this section, the author evaluates the claim that Bitcoin can make it harder for the state to finance wars. He points out that, historically, being on a gold standard didn't prevent governments from finding creative ways to finance wars, and therefore he believes that governments will similarly find creative ways to finance wars even on a Bitcoin Standard.
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0 sats \ 0 replies \ @Solomonsatoshi 29 Apr
All the Great Powers of Europe resorted to fiat money at the start of WW1. None of them ever successfully returned to a hard money gold standard and subsequently as we can observe have all become monetarily and military subservient tribute states to the USA...which also eventually succumbed to the seductive monetary leverage of fiat.
Therefore believing 'governments will similarly find creative ways to finance wars even on a Bitcoin Standard' is not a reasoned or logical argument given the historical facts. It is actually a baseless hopium assertion with no credible reasoning to support it..
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