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0 sats \ 2 replies \ @spiderman OP 22h \ parent \ on: Russian Central Bank Selling off Gold Reserve econ
Because if Russia the state buys it, it is very difficult for the same state to keep convincing the civilians that crypto is a giant American conspiracy meant to protect or pump up IS treasury.
https://www.themoscowtimes.com/2025/10/22/russia-moves-to-tighten-control-over-cryptocurrency-market-while-legalizing-cross-border-payments-a90898
“Bitcoin is a Trojan horse”
Yes, the Russian state might be buying and mining Bitcoin on one hand and outlawing it for its citizens on the other but do you really think their people are that stupid. Are you the only person smart enough to see through what the Russian state is doing?
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do you really think their people are that stupid
Yes, I do. Common people everywhere has a bit of stupidity and blind faith in institutions to protect them, and it is 10x more in authoritarian regimes like Russia, China, North Korea etc. Those states weaponise their unique language, most of their folks don't understand any English (written or spoken), hence suitably insulated from any international media or information flow. Given how Russia's common people drink the propaganda kool-aid from Kremlin on Zelinsky is a Nazi, NATO is full of Nazis etc. do you really doubt that?
That said, may be the Russian state can acquire Bitcoin secretively enough, and still maintain a counter-Bitcoin narrative as they are doing. Again, it depends on how well they can spin and whether anyone in the ranks can think critically and question, likely there will be no opposition to the narrative.
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