Hacker News new | ask | show | jobs
by dr_win 2913 days ago
What about the number of deaths caused by possibility for governments to finance war efforts via money printing? Most notably both world wars.
1 comments

There's no evidence bitcoin serves as any real break again governments printing money or will any time soon.

The US suspended the gold standard to enter WWI. The US suspend bitcoin trading if it somehow did interfere with it's ability to make war.

Yes, the United States government could follow in the steps of great countries like Venezuela and north Korea.

No better way to validate it's usefulness than to ban it when you feel the pressure of competition.

At 5-10tps conventional bitcoin can never compete with USD. There are other reasons too.

But I think your argument is fundamentally incorrect. We had plenty of wars with gold backed currencies and we'd still have war if cryptocurrencies took over.