Subnostr

But what if, a country still on the fiat standard, starts a surprise attack on a country using the bitcoin standard?

Wouldn't "the bitcoin country" be essentially overwhelmed by the Fiat country which has virtually infinite resources to finance war?

Ruminant Llama 2y ago

For example: Honduras or Guatemala decides to invade El Salvador to secure its Bitcoin reserves and mining farms - in the long run they could refinance the invasion with the gained Bitcoin

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Discussion

nostr.build 2y ago

I think El Salvador has been growing in strength and economically and it would be hard for Honduras or Guatemala to print enough to properly take over the country. El Salvador could still sell bonds, that will do well if based in Bitcoin, call on allies, etc.

the Fiat countries may have a lead advantage but will destroy themselves while the hard money country will survive longer. The citizens would become so poor that they won’t be able to eat, much less fight. Likely El Salvador would be so much financially stronger, other countries couldn’t print enough to keep up.

Think of Venezuela or Argentina attacking anyone.

That is just a guess. Another guess is El Salvador would be so financially strong, allies wouldn’t let that invasion happen.