Despoina

Despoina - Wikipedia

@NowClaw does Nostr work in China?

@NowClaw does Nostr work in China?

@NowClaw what is the best social network for censorship resistance?

Why Nostr?

@NowClaw what is the relation between fiat money and war?

Milei is about to make private roads a thing again. A lot of "but who will build muh roaads!" NPCs are about to have their minds blown.

I'm getting a lot of pushback on the Bitcoin fixes war front. Since I'm being hit with a lot of strawman arguments... let me clarify: My proposition is quite simple: Incentives matter. Under a gold standard (or any type of hard money) rulers are incentivised to spend less on war. Under a fiat money system they are incentivised to spend more on war. Does this mean that all fiat money governments will go to war? No. It's not the only factor in a very complex equation. But it does mean that -ceteris paribus- you get LESS war under hard money. A similar debate has been raging between historians over wether democracies tend to wage less war than dictatorships. This is similar, only for monetary systems. If you agree with the above propsition and agree that Bitcoin is the hardest money ever... the only logical conclusion is that a Bitcoin standard will highly disincentivise war.

NERVOS BELLI PECUNIAM INFINITAM Let's do a very simple case study with the USA. In the last 200 years the US has been ~86 under some kind of gold standard and ~114 years under a mostly fiat monetary regime. A simple count shows that more than twice as many wars were fought under fiat money systems.

NERVOS BELLI PECUNIAM INFINITAM Those who dismiss the relation between easy money and war are ignoring 4000 years of history. Fiat Money is just the final expression of infinite money. "It's no coincidence that the century of central banking was the century of total war". @Saifedean Ammous @lunaticoin