How Nation-States Got Trapped in History's Greatest Financial GameA White Paper by Balder Adelgaard - September 2025AbstractWe are witnessing the most significant monetary transition since the abandonment of the gold standard. Nation-states now face a prisoner's dilemma: adopt Bitcoin while others resist (first-mover advantage), or wait and risk being excluded from the new monetary system. This paper analyzes historical precedents, current market dynamics, and potential future scena...