No joke. Until the invention of cryptocurrency, the ledger of ownership of all the things had to be enforced by a gun. Physical violence to protect property. People would give their lives to enforce a consensus of ownership. We now have a way that doesn’t need guns. It uses mathematics of cryptographic signatures for authentication and integrity, that is verifiable anywhere and without trusted third parties. This is as radical shift in societies power structures.
I think you are not getting it because you are still in the “silly criminal money” phase. Don’t worry, give it another 3 years and you will be wishing you bought sats today.
Ww1 ww2 all were funded by debasement. All parties did it. It’s a lesson as old as time, but no. Different this time!
So. Your premise is flawed. Violence has been a part of humanity for as long as humanity has existed. Your blockchain doesn't solve shit against violence - if a foreign army attacks your country for resources, they can take it, including your crypto, by sheer violence (insert $10 wrench xkcd here). A government doesn't need to print money to finance a war. And even in your imaginary scenario where everything is on a blockchain, what exactly would stop a militia from creating their own separate currency to pay workers under their control for food and weapons? And then attacking everyone else for more resources? You're fundamentally misunderstanding how humans work.
> Ww1 ww2 all were funded by debasement.
No, they were funded by bonds and loans. That's why economies were crippled, even on the victorious side that didn't endure a blockade. Rationing was deflationary. Are you just making shit up as you go?
I think you are not getting it because you are still in the “silly criminal money” phase. Don’t worry, give it another 3 years and you will be wishing you bought sats today.
Ww1 ww2 all were funded by debasement. All parties did it. It’s a lesson as old as time, but no. Different this time!