๐๐ป๐ฑ ๐ช๐ฎ๐ฟ ๐๐ถ๐๐ต ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป
Thereโs been a lot in the media about war, lately. ๐
Media outlets on every side want to divide you along national and political lines, when all along, they โ as well as governments and central banks โ are the real enemy.
๐๐โ๐ ๐๐ถ๐บ๐ฒ ๐ณ๐ผ๐ฟ ๐๐ฎ๐ฟ ๐๐ผ ๐ฒ๐ป๐ฑ. And #Bitcoin is the best tool to make it happen.
Find out why belowโฌ๏ธ
There are 2 ways that Bitcoin fixes war: Defunding it on the state level, and disincentivizing it on the individual level. Letโs unpack both.
๐๐ฒ๐ณ๐๐ป๐ฑ๐ถ๐ป๐ด ๐ช๐ฎ๐ฟ
Wars cost a ๐ญ๐ฐ๐ต of money. They always have, and always will.
Historically, when a political authority wanted to wage war, they would either have to heavily tax their people, or figure out a way to give themselves free money, such as by coin clipping or money printing. War is undesirable enough, but adding higher taxes or inflation onto that could lead to a full-scale revolt.
Thatโs where propaganda comes in. This also costs money, but not nearly as much as war, and it can sway the masses into believing that inflation is nonexistent or even good, or that higher taxes are necessary. Or both.
But Bitcoin canโt be inflated beyond its predetermined schedule, and it canโt be confiscated easily by force. And if a government wants your sats for taxes, theyโre going to have to ๐ธ๐ฐ๐ณ๐ฌ for it, and earn it from you.
What about propaganda convincing the people that war is necessary, and so taxes need to be raised, even under a Bitcoin standard? Well, ๐๐ต๐ฎ๐โ๐ ๐๐ต๐ ๐ธ๐ป๐ผ๐๐น๐ฒ๐ฑ๐ด๐ฒ๐ฎ๐ฏ๐น๐ฒ ๐ฐ๐ผ๐๐ป๐๐ฒ๐ฟ๐ณ๐ผ๐ฟ๐ฐ๐ฒ๐ ๐น๐ถ๐ธ๐ฒ ๐บ๐ฒ ๐ฎ๐ฟ๐ฒ ๐๐ผ ๐ถ๐บ๐ฝ๐ผ๐ฟ๐๐ฎ๐ป๐. ๐ Truth can break through propaganda, as long as people are willing to see it.
Without the ability to forcibly tax the citizens, inflate the money supply, or propagate false narratives, war is ๐ข๐ช๐๐ harder to sustain.
๐๐ถ๐๐ถ๐ป๐ฐ๐ฒ๐ป๐๐ถ๐๐ถ๐๐ถ๐ป๐ด ๐ช๐ฎ๐ฟ
People typically dislike war already, but if the incentives are right (e.g. high potential to gain money, land, or power, and low risk of defeat), they could be convinced more easily. And all the truth in the world, from myself or anywhere else, wouldnโt make a difference.
But war is naturally a high time preference pursuit, and so is seeking its rewards by any other means than providing value to others. High time preference means caring more about the present than the future, and ๐ฏ๐ฐ๐ต๐ฉ๐ช๐ฏ๐จ sacrifices the future for the present quite like war.
So as Bitcoin trains all of its holders to lower their time preference, it will be much harder for any perceived incentives from war to take hold.
Now, Iโm not saying that Bitcoin will suddenly make everyone peaceful and sing โKumbayaโ. There will ๐ข๐ญ๐ธ๐ข๐บ๐ด be disagreements and offences between individuals and nations.
But the inability to finance war, or easily propagandize it into the minds of the masses, along with Bitcoinโs incentives to lower oneโs time preference, will make war simply unaffordable.
But what do ๐บ๐ฐ๐ถ think? Am I being too optimistic?
Let me know in the ๐ฐ๐ผ๐บ๐บ๐ฒ๐ป๐๐๐
Be sure to give this a ๐๐ถ๐ธ๐ฒ๐ค
And ๐ฆ๐ต๐ฎ๐ฟ๐ฒ๐ it with anyone else who wants to make war unaffordable.