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jallen_dot_dev | 2 years ago

I don't think so. It's not like we have a branch of the military dedicated solely to maintaining the dominance of the USD. It protects our national security interests as a whole. The fact that it also scares everyone into using the dollar is just a bonus.

And while there are police dedicated to investigating financial crimes involving dollars today, we would still have them. They'd just be investigating crimes involving BTC.

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yellowapple|2 years ago

> It protects our national security interests as a whole.

The emphasis of those interests is on ensuring that the US remains the dominant global superpower, particularly economically. Only a modest portion of our "defense" spending actually goes toward defending our own territory; most of it goes toward global force projection.

> And while there are police dedicated to investigating financial crimes involving dollars today, we would still have them. They'd just be investigating crimes involving BTC.

A lot of avenues for financial crime become impossible in a post-dollar world, and said world doesn't really introduce any new avenues compared to cash; that's a strict reduction, and therefore a strict reduction in the need for police on that front.

There's also a considerable reduction in demand for police to investigate robberies when there's a lot less to rob. Banks get reduced to loan centers and safe deposit boxes, armored trucks moving cash around stop being a thing, nothing in cash registers to steal at gunpoint... yeah, criminals will probably try to commit robberies, but will quickly find out that the reward ain't worth the risk.

Police corruption also becomes trickier, especially when it comes to civil asset forfeiture. No cash to steal during traffic stops means less motivation for said traffic stops in the first place.

jallen_dot_dev|2 years ago

All of that is true of a digital dollar, too.