You're totally right about money not being the only factor. I had that added as a reality, but didn't want my post to get too long. I'm talking about generalities in that often countries that spend the most on war have better odds of winning.

I'm not sure I follow your second bullet point. Fiat land is spending more on the war than bitcoin land - that's my point. They are spending nearly twice as much. It's the cantillion effect that allows them to do so. It's only after enough time that the folks took the government's money realized that what they were paid is worth less.

Or perhaps I have misunderstood you.