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Can Bitcoin help end wars and bring world peace? This investigation into the petrodollar system is the best evidence I've seen for why this might be the case Read this conclusion, at least, and start to think about what the world would look like if the reserve currency and currency needed to buy oil wasn't owned by one country but rather was an open, neutral, decentralized currency This would be good for the world and, critically, good for America as we would focus our incredible potential and resources on progress instead of blowing people up image
Capital As Power
Noble, 'Follow the Money: The Political Economy of Petrodollar Accumulation and Recycling' – Capital As Power
Abstract This thesis makes two unique contributions to the International Political Economy literature. It presents the first comprehensive, empiric...

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↩ replying to npub1sq8q...t84g
For example Iran and Qatar have an incentive that Israel will go to a war with Lebanon - to increase the oil consumption. Or if Yemen shoots on ships in the Red Sea, they now have to take the long route around Africa. The USD being the world’s reserve currency for oil trade makes the USA a middleman and they get a cut of the profits, but the main beneficiaries from increased oil consumption are the oil producers.
It can, and one way to make it happen is to enable the ease of converting bitcoin into multiple currencies. When this is achieved, countries can trade with each other directly, without needing USD, BRICS or any politically influenced currency - and eventually achieve self-sovereignty. There are several existing options for quick currency exchanges via stable coins, tokens like cashu and side chains, wallets, possibly web 5 and even Nostr, but all in development and requires more use cases, real-world usages and risk assessments. In the long run, when everyone has Bitcoin as part of their balance sheet, we would no longer need to depend on the currency exchanges, but for now, it will be the starting point for business transactions to happen. De-dolarisation and the rise of BRICS are real concerns and should not be naively dismissed. With a deepening global adoption, Bitcoin could be a robust peacekeeper in preventing the possibility of currency wars/wars. note1w7cm5yl93lgp6g47vads33cx7f84kvqj6rfkq70g6al56kctwcnstdhv78
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I come to a different results following a similar train of thought. All the rumors about Golden Ruble, Golden Juan, Golden whatever... are a result of the need of BRICS countries to clear transactions between each other. They don't trust each other enough to use their own currency (there is no guarantee one of them will not print more than what was agreed). I believe they will sooner or later start clearing in Bitcoin. Once this happens there will be an enormous fight against Bitcoin. It can be done virtually in the cyberspace, but it can easily spill into the real conflict with real victims... If Bitcoin survives that then it will win. But will it bring peace? I don't think so. Same guns don't shoot people, currencies don't start wars.
The answer is no and that's the reason for not wanting to read the rest
gladstein's avatar gladstein
Can Bitcoin help end wars and bring world peace? This investigation into the petrodollar system is the best evidence I've seen for why this might be the case Read this conclusion, at least, and start to think about what the world would look like if the reserve currency and currency needed to buy oil wasn't owned by one country but rather was an open, neutral, decentralized currency This would be good for the world and, critically, good for America as we would focus our incredible potential and resources on progress instead of blowing people up image
Capital As Power
Noble, 'Follow the Money: The Political Economy of Petrodollar Accumulation and Recycling' – Capital As Power
Abstract This thesis makes two unique contributions to the International Political Economy literature. It presents the first comprehensive, empiric...
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I agree, it would stop the war at the current scale we blatantly go about spreading. Since it would cost us real money to go to war. Since the resources we try to monopolize will now be purchased w real money. Since the US Will not have the monopoly of the money supply that allows us to spend for war the way we do.