I spoke at a big bitcoin-adjacent company this week and one of the best questions was from someone who asked what the downsides of bitcoin adoption might be.
I always do appreciate these steelman que...
Changing the question to: what problems might the transition to Bitcoin bring that could be very challenging to solve?
A country with a fiat currency can wage war for much longer than a country that didn't print it's own money. It has the ability to gather more wealth and resources from the population during times of crisis.
I think the solution to this will require more willing shouldering of responsibility for keeping society safe by the bulk of the citizenry. I don't really know what form it will take.
A country with a fiat currency can wage war for much longer than a country that didn't print it's own money. It has the ability to gather more wealth and resources from the population during times of crisis.
I think the solution to this will require more willing shouldering of responsibility for keeping society safe by the bulk of the citizenry. I don't really know what form it will take.