Funding war with a never-ending supply of other peoples' money is an entirely different proposition than funding war with money from your own pockets.
Moving from the prior to the latter would obviously be a step in the right direction.
If Bitcoin can tilt the scales in some small way, fantastic. At least it provides the opportunity for some to begin to opt-out.
Topic: Bitcoin stops the bullets, says stefan Molyneux (Read 494 times)
Just watching speech by Stefan Molyneux in which he said "information impowers people, but information dont stop bullets, but when you dont have money to fund bullets, the bullets stop". He is talking in the context that everyone is using bitcoin which is finite so governments cant create more to fund war.
Sounds great, but i thought well what if your enemy still has plenty of bitcoin to buy bullets........ that means your pretty much fooked.....
"Not an argument" man believing that war will stop?Sounds great, but i thought well what if your enemy still has plenty of bitcoin to buy bullets........ that means your pretty much fooked.....
Sure, it won't be governments, but wars will still propagate. We just see less economic destruction coming out of it.
The difference is, as a government,
war -> materials & weapons -> inflate money supply -> pay for materials -> m&w -> inflate, etc.
for a decentralized society, it just becomes
faction 1 doesn't like faction 2 -> 1 builds Bitcoin and resources -> goes to war -> fight -> resources exhausted -> make peace or win
Governments just inflate the money supply, their absence doesn't stop wars.
Terrorists aren't self-funded, you know that right? Most of the heads are either super rich, backed by the rich, or related to the rich. These groups will always have funding as long as these people are still up.
Their money sources may even be legitimate, however their uses may not.
Their money sources may even be legitimate, however their uses may not.
I am more worried about terrorists using Bitcoin to execute terrorist attacks than government-funded wars.
I'm afraid I have bad news for you: terrorists are invariably financed by some government or another. Welcome to the 20th (no typo) century, lol
I am more worried about terrorists using Bitcoin to execute terrorist attacks than government-funded wars. Because it's so easy to exchange some cash into Bitcoin before leaving the country and then swapping it back into local currency and buying some arms and explosives to kill a bunch of people. Heck they could even use Localbitcoins and stay under the radar completely.
Terrorist using Bitcoin to buy arms could be a problem, but the same problem that buying on fiat money. What i'm worried is about how easy is to buy arms and explosives that can kill people. In my opinion we need more control about explosives and big arms. The people and the arms are the big problem, not the money technology used to buy them.
I am more worried about terrorists using Bitcoin to execute terrorist attacks than government-funded wars. Because it's so easy to exchange some cash into Bitcoin before leaving the country and then swapping it back into local currency and buying some arms and explosives to kill a bunch of people. Heck they could even use Localbitcoins and stay under the radar completely.
Molyneux may have some reasonable analysis with his "Bitcoin cuts off Nation states borrowing/taxing to pay for war", but it's not quite as unassailable argument as he presents it. Not to mention that Molyneux later revealed he's not quite as libertarian/anarchist as he originally made out (and the "first ever internet cult leader" assessment wasn't much of a stretch IMO). In short, he's a seriously slippery character.
I like watching his videos but sometimes I feel he is working off a need to keep creating videos and stretches his opinions a little to thin. As for the line of thought you are bringing up,nothing ever changes in the world when it comes to power. Bitcoin would not change this either,even if it was excepted as the main currency of the world.
Money buys sway to a point,there are always other factors that push a narrative in the likes of war.
Money buys sway to a point,there are always other factors that push a narrative in the likes of war.
Just watching speech by Stefan Molyneux in which he said "information impowers people, but information dont stop bullets, but when you dont have money to fund bullets, the bullets stop". He is talking in the context that everyone is using bitcoin which is finite so governments cant create more to fund war.
Sounds great, but i thought well what if your enemy still has plenty of bitcoin to buy bullets........ that means your pretty much fooked.....
Sounds great, but i thought well what if your enemy still has plenty of bitcoin to buy bullets........ that means your pretty much fooked.....
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