BitopiaLand on Nostr: The Goal of a State is to Increase its Share of the World’s Bitcoin And as soon as ...
The Goal of a State is to Increase its Share of the World’s Bitcoin
And as soon as they realise this, there will be no more cheap sats for you…
The overriding goal of a state is to increase its share of world power. They need this to keep themselves safe from coercion and invasion.
States always try to become more powerful militarily compared to other states. Military power, however, grows out of economic power. Building a powerful military is costly.
So what states are really competing for is economic power. And in particular, the purchasing power that allows them to build a stronger military than their rivals.
Technological innovations, commodities and human capital are the potential sources of a state’s purchasing power. But whatever the source, states need to transfer economic power into money in order to have purchasing power.
So what states really aim for is to increase their share of the world’s money. Do you see where I am going?
Bitcoin’s hard limit of 21 million!
After the gold-standard failed as the world’s money, the USD is now in the process of failing as the world’s money. The speculation is about what the world’s next money will be.
I think there is only one serious contender and that is Bitcoin.
This means that states will soon wake up to the fact that in order to be safe they will need to own as much Bitcoin as possible compared to their rivals.
This will kickstart a buying frenzy the world has never witnessed before. And when the dust is settled, there will be a Bitcoin balance of power that states will try to maintain through bilateral agreements and military stand-offs.
And as soon as they realise this, there will be no more cheap sats for you…
The overriding goal of a state is to increase its share of world power. They need this to keep themselves safe from coercion and invasion.
States always try to become more powerful militarily compared to other states. Military power, however, grows out of economic power. Building a powerful military is costly.
So what states are really competing for is economic power. And in particular, the purchasing power that allows them to build a stronger military than their rivals.
Technological innovations, commodities and human capital are the potential sources of a state’s purchasing power. But whatever the source, states need to transfer economic power into money in order to have purchasing power.
So what states really aim for is to increase their share of the world’s money. Do you see where I am going?
Bitcoin’s hard limit of 21 million!
After the gold-standard failed as the world’s money, the USD is now in the process of failing as the world’s money. The speculation is about what the world’s next money will be.
I think there is only one serious contender and that is Bitcoin.
This means that states will soon wake up to the fact that in order to be safe they will need to own as much Bitcoin as possible compared to their rivals.
This will kickstart a buying frenzy the world has never witnessed before. And when the dust is settled, there will be a Bitcoin balance of power that states will try to maintain through bilateral agreements and military stand-offs.