Replies (37)
This solution is not very clear on how Bitcoin can stop the war at my home.
No dollar or oil here, but lithium, gallium, germanium, uranium and black soil
If ongoing wars consume oil then the countries which produce oil have an incentive to create ongoing wars. How will it change if the oil is traded in Bitcoin?
Us empire has less incentive to create wars if wars do not strengthen its currency
That is very true. The best we can hope for there is that Bitcoin helps Russians bring down Putin by bankrupting his regime and bringing some power back to the people
But Iran, Qatar, Saudi Arabia & Russia will still have an incentive to create wars.
War is a racket.
Why would they
If Bitcoin could buy me a loaf of bread that'd be a start. Maybe world peace can come later.
prepaid
If #Bitcoin fails, it will at least be recorded in history as a thing that gave humanity the hope we needed to change the world for the better.
mindmeld/liveit/people4people/ all the best tetakta!
One way I definitely think, likely not the only way
It can, and one way to make it happen is to enable the ease of converting bitcoin into multiple currencies. When this is achieved, countries can trade with each other directly, without needing USD, BRICS or any politically influenced currency - and eventually achieve self-sovereignty.
There are several existing options for quick currency exchanges via stable coins, tokens like cashu and side chains, wallets, possibly web 5 and even Nostr, but all in development and requires more use cases, real-world usages and risk assessments.
In the long run, when everyone has Bitcoin as part of their balance sheet, we would no longer need to depend on the currency exchanges, but for now, it will be the starting point for business transactions to happen.
De-dolarisation and the rise of BRICS are real concerns and should not be naively dismissed. With a deepening global adoption, Bitcoin could be a robust peacekeeper in preventing the possibility of currency wars/wars.
note1w7cm5yl93lgp6g47vads33cx7f84kvqj6rfkq70g6al56kctwcnstdhv78
That's very naive. You make it sound like all wars are initiated by the US. For Hamas or for the Russians bitcoin is a diabolical invention of the USA and for them bitcoin has no meaning. They hate the US and the west and will try to destroy you even if you have bitcoin or not. If you think you will deprive your government of money for the military and help the cause, well that's funny )
So-called "prepaid crypto vouchers" or debit cards are denominated I fiat.
The money you buy them you've sold your Bitcoin for fiat and then we're back to square 1.
The fact that the sheikhs hold their vast surpluses in Treasuries matters a lot more than them pricing their oil in dollars. Putting this out there as this aspect of the petrodollar system is often understated. (Not an original thought, heard it first from
@Saifedean Ammous .)
Your government hates you more than Hamas or the Russians and will be the cause of your own destruction if you continue to buy in to its propaganda about the Far Enemy.
Grrr autocorrect. Again:
So-called "prepaid crypto vouchers" or debit cards are denominated in fiat.
The moment you buy them you've sold your Bitcoin for fiat and then we're back to square 1.
paid Bitcoin 4coffee/parts/food/info/art/assorted products
straightshot
For example Iran and Qatar have an incentive that Israel will go to a war with Lebanon - to increase the oil consumption.
Or if Yemen shoots on ships in the Red Sea, they now have to take the long route around Africa.
The USD being the world’s reserve currency for oil trade makes the USA a middleman and they get a cut of the profits, but the main beneficiaries from increased oil consumption are the oil producers.
Do you want to share when and where you paid Bitcoin for what products. What was the price, what's the shop, has the price been stable, how does the business pay its suppliers etc.
look2c/dyor/lfg endthefed/lol 2se
Ah thanks for this lucid commentary.
really? how do you know?
2se?
those commercial entities r just lately rolling out & discoverable/
Just answer the question?
don't get bossy, drop me your physical address & maybe i can swing by(phone#)
Uh oh do we notify the authorities.
your move/
I come to a different results following a similar train of thought. All the rumors about Golden Ruble, Golden Juan, Golden whatever... are a result of the need of BRICS countries to clear transactions between each other. They don't trust each other enough to use their own currency (there is no guarantee one of them will not print more than what was agreed). I believe they will sooner or later start clearing in Bitcoin. Once this happens there will be an enormous fight against Bitcoin. It can be done virtually in the cyberspace, but it can easily spill into the real conflict with real victims... If Bitcoin survives that then it will win.
But will it bring peace? I don't think so. Same guns don't shoot people, currencies don't start wars.
2023 data- Russia: With 11.91% of the population owning cryptocurrencies, Russia has the second-highest percentage of cryptocurrency owners.
Give me the source, please
The answer is no and that's the reason for not wanting to read the rest
I agree, it would stop the war at the current scale we blatantly go about spreading.
Since it would cost us real money to go to war.
Since the resources we try to monopolize will now be purchased w real money.
Since the US Will not have the monopoly of the money supply that allows us to spend for war the way we do.
