How Bitcoin Defunds War
From Matthew Kratter's Bitcoin University
> In this video, I discuss how a Bitcoin standard could help to defund unnecessary wars by making plain the true cost of war to voters, rather than hiding the costs behind money printing.
> On a Bitcoin standard, governments would need to accumulate large amounts of BTC to pay for wars; and central banks would need to accumulate large amounts of BTC to buy government bonds.
> And because Bitcoin is so difficult to confiscate, governments would need to listen more closely to their voters' demands and make a persuasive case for when war was necessary.
> If you ask Americans whether they prefer spending on domestic items like upgrading infrastructure, or forever wars in far-flung locations that serve mostly to enrich the military industrial complex--
> You can be pretty sure that they will almost always choose the former over the latter.
originally posted at