On a second reading, this is a really good point for bitcoin that I hadn't seen before.

The State can always use its self-proclaimed "monopoly on use of force" to expropriate resources regardless of the currency used. But that gets really obvious really fast if they don't control the currency and can't print.

Next problem - how do we stop warmonger leaders from borrowing/issuing bonds with maturities that exceed their term of office? I'd like to have all such declared "odious debt", but I feel there might be just a little push back from institutionnal investors...