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From Matthew Kratter's Bitcoin University
In this video, I discuss how a Bitcoin standard could help to defund unnecessary wars by making plain the true cost of war to voters, rather than hiding the costs behind money printing.
On a Bitcoin standard, governments would need to accumulate large amounts of BTC to pay for wars; and central banks would need to accumulate large amounts of BTC to buy government bonds.
And because Bitcoin is so difficult to confiscate, governments would need to listen more closely to their voters' demands and make a persuasive case for when war was necessary.
If you ask Americans whether they prefer spending on domestic items like upgrading infrastructure, or forever wars in far-flung locations that serve mostly to enrich the military industrial complex--
You can be pretty sure that they will almost always choose the former over the latter.
I totally agree with you Bitcoin has made it clear that governments spend and print money for unnecessary wars that leave only death and destruction.
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I totally agree... another function of Bitcoin among its infinite advantages and applications would also help reduce or end wars... and that is excellent as we move towards the future Bitcoin will solve and is already solving globally the dying defect fiduciary system and helping thousands of people who do not have a bank that are not really necessary... but there are places in the world where Bitcoin is revolutionizing economies and changing lives completely 💪
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Bitcoin can be used by individuals or entities to bypass financial sanctions imposed by governments. However, it also offers a counterpoint; when financial institutions and governments adopt stricter measures to monitor and control crypto transactions, it becomes harder for actors to evade sanctions
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it becomes harder for actors to evade sanctions
Just because of the monitoring ability? My guess is that actors who are planning on violating sanctions will be less likely to agree to abide by them in the first place.
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