the Bitcoin community have made a god out of trustlessness.
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Replying to @Frances_Coppola
I would imagine that the 100's of millions of people killed in the 20th century under dictators who forced their people to use trusted fiat currency would gladly have Bitcoin as their god.
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Replying to @bitcoinclegane
This has to be one of the silliest remarks I've ever seen. 20th century dictators used firing squads and Zyklon-B to kill people, not fiat currency.
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Replying to @Frances_Coppola
Try financing a war on the scale of WW1 and WW2 with the gold standard of any firm of sound money. The taxes would make it unrealistic. The only way to make it possible would be through printing of fiat currency. Sound money keeps the world safe. If you're alive in 20 you'll see.
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Replying to @bitcoinclegane
That is complete tosh, I'm afraid. No gold standard has ever prevented war. Ever, in history. Gold standards don't survive wars, but they certainly don't stop them.
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Replying to @Frances_Coppola
I wouldn't say they stop them either, however there are many issues with gold that Bitcoin provides solutions for. Sound money would have prevented these wars from lasting so long. They simply would have run out of money at some point.
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Replying to @bitcoinclegane
This is nonsense. Look go and learn some history, will you? Gold standards DO NOT STOP WARS. Never have. Never will.
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Replying to @Frances_Coppola @bitcoinclegane
For what's it's worth, the gold standard was never successful at stopping a war because you can still silently inflate and deal with the consequences afterwards. Backed by gold meant nothing because all stocks/assets/etc are valued in the currency being inflated, not in gold.
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If in a hypothetical future where stocks/assets/oil/resources are traded and valued in BTC, you can inflate your home currency all you want but you can't steal value from those things if they aren't traded/held/valued in your currency.
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Inflation works for governments because they're stealing value from their own currency. They're trading the future for the now. In a society where government doesn't control the primary, secondary, or tertiary global reserve currency, they can't steal from those currencies value
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They aren’t even trading the future for the now. They are simply confiscating 6-20% of citizens’ wealth at little cost.
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