Would not one be crazy to trust the BRICS central bank to maintain the peg instead of buying their own gold or bitcoin? I mean if one recognises the need for hard non printable money, then why would he ignore the history of how the world got rug pulled by Nixon? And surely BRICS is no Saint to claim they are immune to the same rug pull?
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0 sats \ 1 reply \ @Undisciplined 6h
The best reason to not use bitcoin for settlement is because the BRICS members want to maintain their ability to cheat each other.
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0 sats \ 0 replies \ @Solomonsatoshi 2h
USA is currently the most exceptional cheat.
And yet today USA cannot fight a war of any scale because it does not have reliable rare earths supply chains.
China won the trade war and now holds the US military industrial combine over a barrel... of rare earths.
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