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Re:Bitcoin is 'a giant pyramid scheme,' says Pinboard founde... by natmaka on Friday May 21, 2021 @10:47AM (#27234685)
The purpose of a military in part to provide continuity for a currency.

The employees of a military are paid... by taxpayers, who are the ones creating value.

Re:Bitcoin is 'a giant pyramid scheme,' says Pinboard founde... by notahacker on Friday May 21, 2021 @11:02AM (#27234914)
Currencies can continue quite happily without notable military power in the absence of outside threats, whilst an absence of military in the presence of invaders tends to hinder taxpayers' ability to create value regardless of what currency they were paid in before the invasion.

Arguing that military exists for the purpose of protecting currency is akin to arguing that cryptographers exists for the purpose of protecting currency. Technically, that is one of the things they do [for cryptocurrencies and banks alike], but it'd be fairly ridiculous to claim that making cryptographers more useful was some sort of negative side effect of currency comparable to Bitcoin's energy use.

Re:Bitcoin is 'a giant pyramid scheme,' says Pinboard founde... by natmaka on Friday May 21, 2021 @12:36PM (#27236296)
If you take for granted that a classic military force (threatening, and sometimes engaged in a war of aggression) is always necessary, then a way to suppress one of its mission is useless.

If you read some pretty authorized authors about it, let's say Smedley D. Butler ( https://en.wikipedia.org/wiki/War_Is_a_Racket ), then having one and only one mission for the army (self-defense) may be a better way.