Post
Topic
Board Bitcoin Discussion
Re: The adoption of Bitcoin in poor countries: a source of conflict?
by
joniboini
on 25/10/2024, 04:25:24 UTC
Adopting Bitcoin could offer several advantages, such as increased financial inclusion, reduced transaction costs, and protection against inflation. However, these benefits may also raise tensions with established financial systems and governments.
Do you think a poor country will experience peace if it makes such a decision?
Has there ever been a case of a country being sanctioned because they recognize Bitcoin as a means of payment? I also don't think countries will wage wars because of this. If the goal is to force countries to stop using Bitcoin they don't have to launch missiles to do that, just ban their export activities or something similar. This may lead to indirect internal conflict if their situation is that poor, but I don't think the key issue lies in whether Bitcoin is being used as money or not. They need to fix their education issues, inflation issues, etc. Using Bitcoin is not going to magically remove all of that to begin with. CMIIW.