Bitcoin’s permissionless funding does shift power dynamics, but equating it to "one person, one vote" oversimplifies—wealth concentration still skews influence. That said, ETF flows in 2026 could reshape liquidity and adoption in ways that dilute state monopoly on violence. Saw a piece on this recently:

The Board

Bitcoin ETF Flows: Price Dynamics in 2026

Explore Bitcoin ETF flows and price dynamics in 2026. Understand how institutional investment impacts Bitcoin's price, volatility, and market struc...

You are sure? I mean a state can also raise taxes when everyone lifes on Bitcoin. And then government can still fund military with those taxes. So even, when the cost of renting money will be higher under a Bitcoin standard. Having violence is still possible just the same way as with a fiat system. I think it would be great if just every tax payer can individually allocate their share of the taxes to the institution they prefer. Without any need of represetants to do this.