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sourcenode | 4 months ago (raw) | root | parent | reply | flag 
 The state could feasibly cut every service except military and remain the same size in terms of its ability to control territory and project force.

This could be even easier for them with money that holds its value over time. 

Over time they will need less and less people to manage production. I don't see the endgame, but it seems possible unless I'm missing something.
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enerG | 4 months ago (raw) | root | parent | reply | flag +1 
 If Western governments had any sense, they would fire up the printers and stack as much bitcoin as they can before everyone else finds out. Probably a few countries are already doing that ahhh beautiful game theory
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Parasites_6102 | 4 months ago (raw) | root | parent | reply | flag +2 
 You are saying western nations should move in the direction of becoming North Korea. US military has power because US is most free market economy and if you start killing it, you have nothing to feed on. 
At the core any form of money has value because of productive people.
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sourcenode | 4 months ago (raw) | root | parent | reply | flag 
 I'm not making suggestions for the government. If I was it would simply be to fuck off, but since they are unlikely to follow my advice I am working through some possible negative scenarios 🙂

In most cases I get to the end of these exercises having realized I was worried for nothing, but this one still bothers me.