We don’t need a big military in a #bitcoin world because no country wants to use their scarce BTC to attack others. The reason they start wars now is because they can use it as an excuse to print money and launder it.
We don’t need a big military in a #bitcoin world because no country wants to use their scarce BTC to attack others. The reason they start wars now is because they can use it as an excuse to print money and launder it.
The danger still exists if the government creates a fractional reserve system on top of Bitcoin. Think of a government controlled layer 2 or 3 where IOUs are paper BTC. Just like the gold system. 99% of people will be priced out of L1.
