Another thought — Would men in uniform still obey orders if their bank accounts went to zero?
The fall of Rome was preceded by soldiers getting paid with increasingly devalued denarii
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Discussion
I think about this scenario quite a bit.
The fear of death trumps the coin.
Empires will collapse once they enter fiat mode. Will there be empires after hyperbitcoinization?
The one that adopts bitcoin and protects its long term interests by putting its government on a bitcoin protocol will last a long time.
How do I put this, it takes a special kind of person to engage in military maneuvers. I give you an order to go around back of the building and flush them out; you get there and find anything but an unguarded door, now what? You are too close to them to radio, and we are depending on you to flush them out. Most people really aren't capable of dealing with that, when things don't go as planned, or they get shook up and expect the plan to have changed when it hasn't.
The people that are good at it aren't much of conformist types, they are crude and rude and can get very beligerant about things. All the types of people that have been pushed out, shit, I don't like them either, but I'd rather have them on my side than against me.
At one point the soldiers didn’t accept the silver denarius anymore but only gold.
At this point the Empire had to force citizens to pay taxes in gold instead of the denarius.