Didn't expect as much as a response, thank you everyone for your opinions and input.
Welcome to the forum and I am hoping to learn all you have learned from your indepth and comprehensive studies.
Bitcoin becoming a dominant currency in the world is possible because it has all it takes to be one of the world's leading mediums of exchange. However, it will not replace traditional currency, fiat will always be available as an alternative so the government will always find ways to sponsor wars. The government can fund wars with weapons, natural resources, and even investments. Another point is that Bitcoin was created to be decentralized so that Bitcoin users will be anonymous or at least enjoy privacy. So how will you track funds used to sponsor wars, except you are pointing at government regulations
Thanks, forgive me for the phrasing - perhaps sounded too egotistical!
Do you believe this will always be the case? My original point would be over centuries rather than decades, as it would need a long time horizon to shift from one system to another otherwise it would be pure chaos. Although as you mention, I too find it unlikely that governments would willingly give up fiat.
I think it is still too soon for Bitcoin to play a significant role in the world.
On one hand we have this decentralized payment system that can not be censored which makes it an excellent choice for many free people around the world.
On another hand this currency has a very volatile price and it also hasn't reached mass adoption yet which makes getting paid or making payments in it complicated.
I agree with this, I should have been more clear that my viewpoint is over many decades if not centuries. As you mention it is currently too volatile; which we know will become more stable the more it is adopted, after a few decades (assuming adoption increases), then it's significance becomes more prevalent.
With each abnormal event, people who loves Bitcoin will try to say Bitcoin saves locals, Bitcoin makes different.
Neutrally said, Bitcoin has all ability to make differences but big or small, it depends on each area and situation. However if someone says it like exaggerating the importance and capability of Bitcoin, I will be more cautious and suspicious about what they are saying.
I did not intend for it to sound as the sole saviour of the people. I know that Bitcoin is merely a tool that can be utilised given it's benefits of decentralisation, borderless peer-to-peer transactions.
In terms of the larger scale, I am discussing a time horizon well beyond what we will live to see - so whilst it may sound like exaggerating at this point in time, in a couple of decades or centuries it may seem common place. I imagine in 2009 if you said Bitcoin would allow activists to fund their movements, they would have said the same?
Ultimately I'm just hypothesising, I love discussion and it is always important to hear the views from those who support your view and those against.
The Israel - Palestine (Hamas on behalf) war is like Russia - Ukraine war months ago. When that invasion of Ukraine started, a few weeks later, massive donations to Ukraine through Bitcoin and cryptocurrencies, mainly in Bitcoin. People said similar things like OP said right now.
I believe my viewpoint may differ slightly, though I haven't read similar threads related to Russia - Ukraine so forgive me if it's not. Rather than focusing on donations and supporting 'the good guy', I am more focused on 'making war unaffordable' - though I am not a great fan of the saying, as many others have stated it is not the complete solution but I do believe that in the long run, if the world moved towards a Bitcoin standard, then it would have some benefit in deterring countries from going to war due to the economic impact.
Since I believe that war at it's core is always an economic balance, if the costs outweigh the benefits, there is no incentive.
How can Bitcoin play a role as a “currency of liberation in contexts like Palestine”? Where is the liberation if the Binance exchange banned Palestinian accounts based on orders from the Israeli police!!
It is true that Bitcoin is decentralized, but in the end you are forced to use third-party services, which are mostly centralized and impose KYC. In practice, it can be said that governments have found a way to escape decentralization.
I believe this isn't a problem of Bitcoin specifically but rather being in the 'old paradigm'. I do agree that for now, unfortunately this may be the case. However, in the hypothetical that I mention, bitcoin standard; Bitcoin would be the medium of exchange so it would be easier to transact peer to peer without centralised exchanges. I don't propose any particular route to get to this point, as it's very complex and nuanced - perhaps it is just a case of steady adoption of regular folk over a long enough time horizon?
Thanks again everyone so far, I will continue to read and add to the discussion when I have some more time! It is great to hear everyone's views.