3/ In the words of US Air Force general Curtis LeMay, the idea was to “bomb them back to the Stone Age.”pic.twitter.com/iRTU5VE5XT
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14/ This isn’t to imply in any way that the Gold Standard was perfect. But at least with Gold, governments’ ability to freely print money is severely limited & the risks of capital misallocation & rising wealth inequality are kept in check.
15/ Vietnam was not the first war that caused a government to print money excessively & bankrupt themselves. WWI & the decline of Roman Empire were other famous examples.
16/ Violence has always had a close relationship with money. They feed on each other. Money is needed to finance violence, and (monopoly on) violence in turn extracts money & begets more violence.
17/ It would be a mistake to overlook this relationship when we think about Bitcoin. Could Bitcoin change the equation?
18/ Would a world run by Bitcoin, with potentially less powerful governments & more individual (financial) sovereignty, be less violent? Or more? Only time can tell.
@threadreaderapp please unroll
Hallo please find the unroll here: https://threadreaderapp.com/thread/973695711417020416.html …
Enjoy :) 
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