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Let’s go the other way and ban fiat. Money printing is a much greater threat to world security.

Print way too much money, run out of resources and room to pump, crash to rock bottom, start a war, then start over again is the historic cycle we are stuck on until we fix this.

https://en.wikipedia.org/wiki/Debasement

https://fred.stlouisfed.org/series/M1SL



I don't see anything in the reference that you provide that elaborates on "start a war". Perhaps you could provide the elaboration?


Wars are inherently destructive and can only be funded for prolonged periods of time with mountains of debt. Especially if you can extract taxes backing this debt relatively painlessly. Extracting Bitcoin from individual wallets is no small feat, and Bitcoin-backed (fractionally, of course) notes would not have the same advantage as paper bills over gold coins. Bitcoin is divisible, storable and transferrable well enough to be used as-is.


None of this explains why fiat currency leads to starting a war.


Fiat currency allows the government to make its citizens pay for its usurious debts, by printing more money. This is not possible with gold or bitcoin.


I'm still not seeing an argument that fiat currency leads to war ...


Not that i agree with the sentiment entirely but i believe OP's and subsequent commenter are saying is that a nations control over currency and wealth distribution gives rise to despotism.


Cryptocurrency presently is also the only usable alternative to fiat. And it is World Backup Day.




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