World

<img src="https://cdn.thebittimes.com/images/2023/12/09/1702103848.webp" alt="" width="800" height="450"> 
The world is like a sick organism that is struggling with an overdose of fiat money. Cryptocurrency, like a sorbent, is trying to prevent it from dying. This is not just another plot of some action-packed action movie, but a completely sane reality.&nbsp;<a href="https://blockchainmagazine.net/vladimir-aka-lado-okhotnikov-reflects-on-the-ai-threats-to-our-civilization/" target="_blank">Vladimir Okhotnikov</a>&nbsp;knows why cryptocurrency is involved in current conflicts. 
Vladimir is the one of world leading experts in blockchain and cryptocurrencies, influencer and developer of cryptoprojects.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 
New round of tension 
Today, more than ever, we are closer to a situation where local conflicts have every chance of developing into something large-scale. And this is a kind of dramatic test that a society goes through to determine its values, priorities and degree of maturity. 
Wars may force humanity to find innovative solutions and develop technologies that can lead to breakthroughs in science and society. A simple example with penicillin, which was, in general, accidentally discovered by Alexander Fleming, a British biologist and bacteriologist. 
In 1928, Dr. Fleming was conducting research at University College London when he discovered that the mold Penicillium notatum produced a substance that could kill bacteria. 
Although the doctor discovered the antibacterial properties of penicillin, he was unable to fully develop it as a medicine. It was only World War II that created an urgent need for effective treatments for infections, which were especially important in field hospitals. 
Then a lot of effort was directed towards the development and mass production of the antibiotic, which saved many lives of civilians and military personnel. 
Of course, this example, like many others, does not justify the terrible events taking place around us. However, Vladimir Okhotnikov rightly noted that military conflicts and the growth of military-industrial companies are often associated with personal interests and profits, and not with good intentions. 
Vladimir Okhotnikov: the decision that became decisive 
Lobbying of interests occurs by centralized power, where the political will of individual states is subject to the influence of the military-industrial complex. This is what leads to a cyclical process in which conditions are created for new rounds of escalation. This becomes a kind of negative spiral movement, causing harm to society and the world at large. 
How then can we stop the endless arms race? Should we deprive the authorities of the opportunity to make decisions unanimously? Maybe. And the step has already been taken. In 2008, when the world first heard about Bitcoin, a decentralized instrument, society received a new wave of confrontation in which the struggle between the traditional financial system and the new form of money continued to gain momentum. 
Many critics believe that the fiat money system gives the government too much power over the currency, and in some cases it can be used to manipulate and control the population. 
In search of stability 
When traditional currencies, previously considered stable and strong, face challenges, cryptocurrency shows potential. Why is this happening? It's all about inflation. 
If you have the ability to endlessly print money, then you can fight endless wars. However, when faced with limited resources that cannot simply be produced in the required quantities, you have to choose wisely how to use the available funds. 
Perhaps someone will say that even before the advent of fiat currency, there were conflicts. This is true. However, it is important to consider that back then battles were of limited duration. 
The rulers of those times were forced to be careful in choosing battles. Precious metals could not be mined instantly, so they spent them carefully. Battles were fought quickly and limited to a certain area to avoid causing much damage to cities. Otherwise, their restoration would be very expensive, which they could not afford in conditions of limited supply. 
Today, when we look at the budgets of different countries, it becomes obvious that the funds allocated for defense often exceed the budget for health or education. This imbalance raises questions about priorities and how resources, including citizens' taxes, are allocated. 
At first glance, defense spending may seem important to ensure the country's security. However, they also become a powerful catalyst for the arms race. And often the desire to “defend” leads to an increase in tension, but not to its decline. 
Where is the line 
Paradoxically, most wars are caused by uncontrolled money emission.&nbsp; 
Yes, the amount of money is increasing, but in fact, inflation is eroding our income and savings. That is, wars are really financed by ordinary citizens. 
And if it had to be paid for by specific politicians and the military instead, they would think a hundred times! Spending huge money, if the result is not obvious, is a very big risk for them. 
Therefore, in order to prevent unnecessary wars, strict control over the issuance of currencies is necessary. Let those who personally decide on conflicts, risk first and foremost their own capital, and not the money of ordinary citizens.&nbsp;&nbsp; 
No matter how pretentious it may sound, perhaps the crypto is so far the only real chance to extinguish the blazing campfire which is about to develop into a huge fire of untold proportions.&nbsp;
Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/a-truce-in-exchange-for-a-crypto-what-is-this-a-strange-idea-or-brilliant-diplomacy-vladimir-orhotnikov-opinion-tbt73130.html">https://thebittimes.com/a-truce-in-exchange-for-a-crypto-what-is-this-a-strange-idea-or-brilliant-diplomacy-vladimir-orhotnikov-opinion-tbt73130.html</a>

A truce in exchange for a crypto, what is this: a strange idea or brilliant diplomacy? Vladimir Orhotnikov’ opinion

TheBitTimes

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