I guess it will add to the chorus in Europe that keeps yelling Bitcoin is a scam, and now that is also used officially by the bad guys, I fully except a total China style Bitcoin ban in Europe soon.
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0 sats \ 4 replies \ @Undisciplined 13h
Well played Putin
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52 sats \ 3 replies \ @stack_harder 3h
While i dont like Putin, im surprised it has taken them this long, they've been fucking about doing deals in gold for a while, i remember reading, but btc is far easier.
Of course, it will feed a negative narrative in the West, but nothing new there.
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14 sats \ 2 replies \ @Undisciplined 2h
If BRICS adopted bitcoin for their settlements, it would set the west back decades.
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42 sats \ 1 reply \ @stack_harder 55m
BRICS do a lot of meetings but dont get around to actually doing very much, but it might happen, who knows. i can imagine the tweet storm from Trump if they did !
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0 sats \ 0 replies \ @Undisciplined 54m
I certainly don't expect it either.
I think they each want the option to try to screw over each other by manipulating the terms of trade.
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0 sats \ 1 reply \ @Solomonsatoshi 14h
They are not allowing citizens to use Bitcoin- only importers and exporters.
This is probably Putin seeking to reduce dependence upon Chinese shadow banking which has come to route a lot of Russian international trade payments.
Putin has made Russia a subservient tribute state to Chinese energy imports and manufactured goods exports.
Again it is China that is leading the increasingly direct challenge to US hegemony via its growing alliance of autocratic militaristic associates...because China has already won the trade war and USA cannot seriously put sanctions on China or it would suffer immense damage to the remnants of US military industrial capacity.
Not to mention China now being a crucial member of the IMFs board of reserve currency issuers...the only one that is not a military and monetary tribute state to USA.
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50 sats \ 0 replies \ @stack_harder 3h
Putin has managed to make Russia basically a Chinese vassal at this point, they need China for literally everything
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