MultiversX Tracker is Live!

Countries using BTC vs fiat and future conflicts

Bitcoin Reddit

More / Bitcoin Reddit 70 Views

I really like the idea that a gold standard or Bitcoin standard could potentially have reduced the time of conflicts/wars very much as long lasting wars are often financed by new printed money.

Now looking forward I want to get you opinions and views on following situation:

Imagine two similar countries starting a war against each other now. However one is fully BTC based (fiat 1:1 backed by BTC or BTC as official currency) and one is still using fiat including the money printing ability causing an inflation of the own currency.

So both countries start investing all their savings in producing tanks and increase the taxes to finance further tanks. At one point the fiat based country would just start printing let’s say 100% of their own currency again, so having lots of liquidity at once to spend on more tanks. Of course the inflation will rise (a bit delayed) but this can potentially lead to win the war as the other country can not easily print β€œfree moneyβ€œ - so how does a BTC based country defend in such a case?

Thank you!

submitted by /u/Mrb1d
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments