{"id":423937,"date":"2022-03-30T19:30:00","date_gmt":"2022-03-30T16:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/why-the-rise-of-a-bitcoin-standard-could-deter-war-making\/"},"modified":"2022-03-30T19:30:00","modified_gmt":"2022-03-30T16:30:00","slug":"why-the-rise-of-a-bitcoin-standard-could-deter-war-making","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/why-the-rise-of-a-bitcoin-standard-could-deter-war-making\/","title":{"rendered":"# Why the rise of a Bitcoin standard could deter war-making"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a35c4b26a7ea\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a35c4b26a7ea\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/why-the-rise-of-a-bitcoin-standard-could-deter-war-making\/#%E2%80%9D_Why_the_rise_of_a_Bitcoin_standard_could_deter_war-making_%E2%80%9C\" >&#8221; Why the rise of a Bitcoin standard could deter war-making  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Why_the_rise_of_a_Bitcoin_standard_could_deter_war-making_%E2%80%9C\"><\/span>&#8221; Why the rise of a Bitcoin standard could deter war-making  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvNDVmZmIxYWQtNTM1YS00YmU1LTgzYTEtOWM4NDVjNzI1N2E5LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>Alex Gladstein, the CSO at the Human Rights Foundation, says that if Bitcoin was adopted as a global reserve currency, nation-states would be less incentivized to start wars. <\/p>\n<p>According to Gladstein,\u00a0 the U.S. was able to sustain its &#8220;forever wars&#8221; in Iraq and Afghanistan mainly by borrowing capital. That was possible largely because of the Federal Reserve&#8217;s monetary policy, which has been keeping interest rates relatively low through quantitative easing.\u00a0<\/p>\n<p>&#8220;We literally print money, we sell bonds to the open market for a promise to pay in the future and we use the income from the bond sales to pay for these wars.&#8221;, explained Gladstein in a latest interview with Cointelegraph.\u00a0<\/p>\n<p>Unlike fiat currency, Bitcoin&#8217;s total supply is immutable. That means that if nations adopted it as their main reserve, interest rates on borrowed capital would be much higher. That, according to Gladstein, would make unpopular wars harder to sustain for governments.\u00a0<\/p>\n<p>\u201cThese forever wars get probably cut out or reduced in a Bitcoin standard\u201d, said Gladstein.\u00a0<\/p>\n<p>According to Gladstein, the Russia-Ukrainian conflict culd trigger the decline of the U.S. dollar as the dominant reserve currency. As he pointed out, nation states are looking to reduce their dependency on the greenback after the U.S. froze Russia&#8217;s dollar-denominated reserve in response to its attack on Ukraine.\u00a0<\/p>\n<p>\u201cIt is forcing a rethink there where governments are like &#8220;well, maybe I don&#8217;t want all my eggs in one basket. Maybe I don&#8217;t want the U.S. government to be able to freeze all my stuff.\u201d, said Gladstein.\u00a0<\/p>\n<p>Check the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/youtu.be\/0JKUQMwe3_w\">full interview<\/a> on our <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/c\/cointelegraph_com\/videos\">YouTube channe<\/a>l and don\u2019t forget to subscribe! <\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/why-the-rise-of-a-bitcoin-standard-could-deter-war-making\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Why the rise of a Bitcoin standard could deter war-making &#8220; Alex Gladstein, the CSO at the Human Rights Foundation, says that if Bitcoin was adopted as a global reserve currency, nation-states would be less incentivized to start wars. According to Gladstein,\u00a0 the U.S. was able to sustain its &#8220;forever wars&#8221; in Iraq and&#8230;<\/p>\n","protected":false},"author":1,"featured_media":423938,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvNDVmZmIxYWQtNTM1YS00YmU1LTgzYTEtOWM4NDVjNzI1N2E5LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[127182,74862,75022,112089,5069,70552],"class_list":["post-423937","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-antiwar","tag-bitcoin","tag-central-bank","tag-quantitative-easing","tag-economy","tag-interest-rates"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/423937","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=423937"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/423937\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/423938"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=423937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=423937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=423937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}