• Bitcoin and its proponents have long argued that the digital currency could usher in a new era of sound money.
• Adam Ortolf from Upstream Data proposed the slogan „Make War Expensive Again“ suggesting war has become “100% free (+ insanely profitable)” due to governments’ ability to create billions of dollars at will for military spending.
• Roger Ver argued back in 2014 that “Every time you use Bitcoin, you are helping to undermine the war machines around the world, and the power of those who would use violence to control others.”
The Potential Impact of Bitcoin on War
The debate on whether adopting Bitcoin as a form of hard money could potentially make war unaffordable continues among members of the crypto community. Adam Ortolf from Upstream Data proposed the slogan „Make War Expensive Again,“ suggesting war has become “100% free (+ insanely profitable)” due to governments’ ability to create billions of dollars at will for military spending. Yet, could a transition to Bitcoin—a form of hard money—truly render war unaffordable? Roger Ver argued back in 2014 that “Every time you use Bitcoin, you are helping to undermine the war machines around the world, and the power of those who would use violence to control others.”
What is Hard Money?
Hard money provides an alternative way for people and businesses to transact without relying on government-issued fiat currencies which can be manipulated or inflated by central banks. The idea that hard money like Bitcoin can reduce reliance on government-controlled fiat currencies may ultimately lead to fewer wars fueled by monetary printing presses since it becomes harder for governments with limited funds available through taxation or debt issuance alone.
Bitcoin vs. Fiat Currency
Unlike traditional fiat currencies, which are prone to inflation and manipulation by central banks, Bitcoin has a deflationary nature where only 21 million coins will ever exist—a design feature which incentivizes holders with higher purchasing power over time while also limiting opportunities for extreme price manipulation (i.e., hyperinflation). Furthermore, unlike fiat currency which must be passed through third-party financial institutions such as commercial banks or payment networks (e.g., Visa/Mastercard), transactions using digital assets like bitcoin travel directly between users in near real-time without needing any intermediaries who possess ultimate authority over user funds or data privacy controls such as know your customer (KYC)/anti-money laundering (AML) compliance requirements.
The Impact on Global Conflict
If more people begin transacting using hard assets like bitcoin instead of traditional government-controlled fiat currencies, then it may become increasingly difficult for governments around the world with limited resources available via taxation or debt issuance alone to fund expensive military campaigns especially during times when their own citizens demand social services or economic stimulus packages funded primarily through taxes rather than foreign aid from other countries or borrowing from international lenders such as central banks. As a result, this scenario may encourage nations around the world toward peaceful conflict resolution strategies ahead of costly military operations due simply out of necessity based upon limited financial resources available instead electing whatever option carries potentially less risk associated with it regardless if it’s considered politically expedient at any given moment in history by those currently holding positions within various governments globally both elected officials and bureaucrats alike .
Conclusion
Ultimately, whether transitioning into using digital assets like bitcoin can truly render war unaffordable remains an open question since there is no guarantee that adoption rates will continue increasing along with public trust surrounding its underlying technology however if done correctly this changeover could lead us towards different approaches when handling geopolitical conflicts between different sovereign states across our planet as we strive towards achieving global peace amongst all nations regardless what side they may find themselves taking part within any dispute happening throughout history today tomorrow beyond .