What is Bilbo plan to avoid war is it a good plan?

Bilbo Baggins' plan to avoid war primarily involves using diplomacy and negotiation to resolve conflicts, particularly regarding the treasure of the Lonely Mountain. He believes that sharing the wealth and fostering goodwill among dwarves, elves, and men can prevent bloodshed. While his intentions are noble, the effectiveness of his plan is questionable, as tensions run high and greed often drives individuals to conflict despite diplomatic efforts. Ultimately, Bilbo's plan reflects his hope for peace, but it heavily relies on the willingness of others to cooperate.