The loss of life when developed nations fight against each other is literally inconceivable in today's times which is why I went out of my way to try to give measurements that can help you grasp it. The entirety of the world's conflicts today is completely and absolutely negligible compared to WW2. And I'm focusing on WW2. The major point here is the WW3 that we have avoided. The reason for that avoidance is almost entirely because of nuclear weapons.
Finally, it's not just peace for the west. There is unprecedented peace throughout the vast majority of the world. The entirety of Africa and the Mideast account for less than 20% of the world's population.
The school my friend went to as a child no longer exists because it was bombed (Syria)
Wars are still happening today, just not with nukes. Every nation with nukes knows that it would be suicide to launch one.
But then came the nuke. Nuclear weapons make traditional war between developed and nuclear capable nations basically impossible. Think about what the Cold War really was, or even what the geopolitical 'disagreements' of today are. Those are World Wars 3 and 4, averted because these wars would be unwinnable by any side. Like Einstein said, 'I'm not sure what World War 3 will be fought with, but the 4th will be fought with sticks and stones!'
Did the people developing nukes understand that they would finally create a weapon that immensely powerful that it would deter open unrestrained war for decades to come? It's possible, but I think that their motivation was something more straight forward - gain military superiority in the present, probably also mixed with a bit of scientific curiosity about the challenge of creating a nuclear bomb.
It's difficult to predict the future. The most awful and aweful weapon created in the history of mankind ended up creating the most unprecedented period of peace for mankind as well. This is also why I vehemently oppose nuclear disarmament. That's how you get WW3 if people actually disarm, though in reality it'd simply likely result in nations obfuscating their nuclear weapon programs and facilities. It's just a molten salt thorium reactor guys, come on - breeders are awesome!