Post
Topic
Board Bitcoin Discussion
Re: Bitcoin could one day be a preferred currency for conducting international trade
by
amishmanish
on 05/03/2021, 07:34:07 UTC
--snip--
Government Treasuries, especially for third-world countries. Few understand the importance/implications of this. It balances power from the “haves”, to the “have nots”.

https://www.reuters.com/article/idUSKCN2AW2MD?il=0&utm_source=reddit.com

Quote

Myanmar’s military rulers attempted to move about $1 billion held at the Federal Reserve Bank of New York days after seizing power on Feb. 1, prompting U.S. officials to put a freeze on the funds, according to three people familiar with the matter, including one U.S. government official.

Not really sure that even bitcoin is safe from the 5-dollar wrench attack when its a military coup and a whole damn country's treasury is at stake. In matters of despotic rulers, bitcoin's role is more important in empowering the individual. Then again, the situation for country's that suffer under careless governments and rulers has far more to do with just finances.

As an example, country's like Congo, Chile or even in the North-East suffer as much from the consumerism of rest of the world than just bad rulers.