Does Bitcoin has the potential to increase transparency and accountability in government spending and military actions.
By providing a public, immutable record of all transactions and transfers of wealth, Bitcoin could potentially make it more difficult for governments and politicians to engage in corrupt, secret, or unauthorized warfare and spending. The cryptographic and decentralized nature of Bitcoin makes it difficult for any single entity or government to control or manipulate the currency. This could make it harder for governments to declare fake justifications for war or to misuse funds intended for other purposes.
The transparency and immutability of the Bitcoin blockchain would make it easier for the public and international organizations to track and scrutinize government actions and spending. This increased scrutiny could discourage unauthorized military action or government waste. Additionally, the high and predictable cost of mining Bitcoin and the difficulty of manipulating its price through centralized control could make it less appealing for governments to engage in inflationary policies and to start unnecessary conflicts.
5 Citations
Why Governments Are Wary of Bitcoin
https://www.investopedia.com/articles/forex/042015/why-governments-are-afraid-bitcoin.asp
How bitcoin could end endless war, and other big ideas from The Bitcoin Standard | by @MishaGuttentag | Medium
How The US Government Handles Its Massive Stash Of Bitcoins
https://www.investopedia.com/news/how-us-government-handles-its-stash-bitcoins/
‘A Dramatic Impact’—Pentagon Told Bitcoin Could Prevent War
The US government has a hidden weapon it could deploy against Bitcoin | MIT Technology Review