The First Republic Bank...another case where the fiat banking sector shows how bad it really is.
⇒ Over -90% in under 2 months
⇒ Expected to be seized by the US government
This is all just the beginning of the banking meltdown of the fiat system.
How can anybody actually trust banks right now??
#Bitcoin encourages
⇒ long term thinking
⇒ personal responsibility
⇒ self education
⇒ truly free market
At the same time, it exposes the flaws of misaligned incentives & showcasing the corruption they enable.
#BTC is not a short-term investment, it's a long-term revolution.
Why would #Bitcoin make war unaffordable, when governments could simply find other ways to finance it?
In the current fiat system, a nation can easily print vast sums of money to buy as much weaponry as necessary.
Therefore, a #BTC Standard will make war unaffordable, and here's why:
Proof of work requires everybody, including governments, to invest energy to obtain money.
⇒ With a limited money supply, governments can't just create more for war. They must utilize resources they genuinely possess.
⇒ Plus, the accountability with a public transparent ledger is much higher. Consequently, it's quite hard covering up financing from other sources.
⇒ The decentralized nature of #Bitcoin will distribute economic power more evenly among individuals, businesses and also governments. Thus reducing the likelihood of conflicts arising from power imbalances.
So yes, #Bitcoin will be fostering a more peaceful world!
Why would #Bitcoin make war unaffordable, when governments could simply find other ways to finance it?
In the current fiat system, a nation can easily print vast sums of money to buy as much weaponry as necessary.
Therefore, a #BTC Standard will make war unaffordable, and here's why:
Proof of work requires everybody, including governments, to invest energy to obtain money.
⇒ With a limited money supply, governments can't just create more for war. They must utilize resources they genuinely possess.
⇒ Plus, the accountability with a public transparent ledger is much higher. Consequently, it's quite hard covering up financing from other sources.
⇒ The decentralized nature of #Bitcoin will distribute economic power more evenly among individuals, businesses and also governments. Thus reducing the likelihood of conflicts arising from power imbalances.
So yes, #Bitcoin will be fostering a more peaceful world!
