I have a feeling that you are implying that someone recognizes Taiwan as a country with the above world salad. Can you be more specific who? US maybe?
Can we stick to topic. Otherwise posts will be zapped..thx .
Personally I think BRICS will try very hard to implement their payment systems and new currency, but in the end trust will be too difficult to achieve, and they'll all decide that BTC is the only way to conduct global trade. We'll see.
Maybe if Putin does, but not if the whole of BRICS does. Currently that's 9 nations whose combined GDP I think exceeds the G7 now. And there are another 30 nations who've expressed interest to join or have already applied to join.But wait if Putin said we will transact in BTC what you think US will do...lol?
Good!The US will bust a blood vessel in anger
All unlikely, even if BRICS announced it tomorrow. The genie's out of the bottle, with too many US billionaires who will fight hard to keep it that way. BTC has achieved escape velocity! Only banana republics might be able to ban it locally now.do their best to try and ban BTC, close down BTC ETF's and threaten FI's, companies and individuals caught trading, holding or on/off ramping it via with primary and secondary sanctions. Yes I know - madness. But how many would want to face sanctions
They may even enact the Foreign Direct Products Rules to hit datacentres and companies etc mining BTC outside of US like they did to Huawei.
Yes. The $ and the SWIFT went awry long time ago and it was high time to do something to stop that. These were sold to the world as business/commerce facilitating tools and ended up as instruments of domination and policy enforcement, sanction tools and outright plundering by inflation export. Actually, money printing is now called Q.E. and a 100-buck-note production cost is 10c. To top the bill, the USD is used for extraterritorial US law enforcement.Very true the genie is out the bottle. Bi-lateral trade outside the dollar and west will go ahead no matter what.
Very true the genie is out the bottle. Bi-lateral trade outside the dollar an west will go ahead no matter what. The question is what mechanism they will use to avoid secondary sanctions by US. I mean whatever the US said to the BIS spooked them perhaps.
P.S The below is the true face of an empire in demise fearful of the impact of de-dollarization on its standard of living.
I don't think it will be within my lifetime that the EU introduces their digital coin as the sole means of payment. Or at least, I hope not. But things move quickly, and statistically, there are 30 years until I need to move into a one-room bunker. So maybe I will get to experience this coin, but then it won't matter anyway; neither God nor the devil will accept them.You will have to if your in EU as at same time physical cash will be largely not accepted and it would not be a choice your given .
I don't think it will be within my lifetime that the EU introduces their digital coin as the sole means of payment. Or at least, I hope not.
That is fine with me, still I can use cash to buy simple things on a daily basis.Banning cash transactions above 3K euros for businesses is in the works.
Sad to hear that you are fine with your freedom being taken away piece by piece.That is fine with me, still I can use cash to buy simple things on a daily basis.
it's incredibly important to have that option, as well as all other options people might preferWell, that’s not really my concern, and if you believe your freedom solely depends on being able to pay with cash over 3,000 EUR, then I feel sorry for you. There are other ways to pay, for example, crypto!
I don't agree, but if it isn't possible any more because of all the stupid regulations in the near future I'm happy to be able to fall back to crypto.it's incredibly important to have that option, as well as all other options people might prefer
as long as u have connectivity, power and, last but not least, hardware that adheres to tech standards imposed by vendors (and ruled by who? best bidder?).I don't agree, but if it isn't possible any more because of all the stupid regulations in the near future I'm happy to be able to fall back to crypto.