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0 sats \ 10 replies \ @TheBTCManual 16 Feb 2023 \ on: BRICS: GOLD-Backed Reserve Currency In Preparation? bitcoin
Well they've got to still set up swap lines with a bunch of countries, you can back a currency with gold sure, but someone has to do the conversations and decide what every BRICS nation conversion into that currency will be, while you getting off the dollar it sure as shit isn't going to be a smooth ride
What I want to know is how surplusses are tackled, right now if you export to the US, you got a bunch of dollars you buy bonds, what wlll BRICS money do? Just try to maintain your peg?
If anyone has info on how this all would work id be keen to read about it
не стоит тратить на это время))) я готов тебя водить занос еще много лет))) а биткоин развивается самостоятельно.
Банки хотят играть в валюты... но мы же знаем чем это заканчивается...$-пример.
кто может тебе запритить словами что то делать или решать??? только фашисты...все просто)))
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I don't think the BRICS currency could affect the average citizen in Russia, China, South Africa etc, I think this is purly a change in the settlement to get the US out of it.
While it might not affect the average person, our currencies are still going to zero and we still need bitcoin, what might change is access to certain goods from lets say the EU or US and how it might open up opportunties for BRICS citizens to be the supplier for those goods for the region
Lets say you no longer have access to smartphones, its now an opportuntiy for an Indian manufacturer to tap into the entire BRICS market without US and EU competition
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сейчас многое работает через 2-3-4-5-6 руки... и товары растут в цене на 1% с каждого... решение нашли в китает... покупка товаров но долгие ожидания доставки... все нормально... БРИКС это своего рода залог для двух продовцов одновременно... каждый хочет иметь страховку на "всякий случай" . и это будет служит мостом к плавному переходу на биткоин...
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If it does slow down the decay of the BRICS local currencies since these countries wont have to constantly try to rebalance against the dollar for vital imports and get shit deals on vital exports it could buy some time
I see that as a win for citizens who can take their time to get a bitcoin allocation, the more people we have with one foot or a bit toe in bitcoin the better, this is a game of tipping the scale slowly
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просто будет двойная торговля...или через 2-го покупателя или через 2-го продовца.
удалять местную валюту нет смысла... как платить пенсии? соцвыплаты? в биткоин это не возможно а вот через поставщика услуг это реально...
так что фиат на долго... он будет медлеено умирать переводя часть соц населения на независимость от местной валюты... хотя есть страны где местная валюта будет очень нужна... так как там будут запреты напимер в сша...так что все нормально))) все идет по плану...
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It's nothing more than independency from the boom-bust cycles and possible expropiation by the US. But this is a huge game changer. And of course all Fiat will still be debasing...
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люди делают невозможное... и это паразительно! удивительно...если кто то захочет продать товар за биткоин то его не остановить даже запретами и санкциями... это больше не работает)))
так как кто то покупает нужные товары за биткоин)))
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Good point. Maybe rising the gold quota on the CBs balance sheets further on? How could a possible US sanctions regime look like that punishes participants like Brasil or India?
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That could be one, but gold can always be manipulated with paper gold markets to "smooth" it out and buy you some time to custody the real stuff by CBs.
I don't know but from my perspective unwinding isn't easy, you can't expect lets say Brasil businesses to just cut ties with the US if there is no offsetting demand offering equal or better compensation that's just not going to work
I cant see this being a hard stop but more a migration, if your BRICS settlement nations are giving you better pricing and access to market, why push your brazillian lumber to the US? It needs to make economic sense or you're just going to kill industry
But stranger things have happened, I never thought they'd take another countries reserves and hard stop on Russian energy but here we are lol but happy to speculate with you
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I even can't imagine a faster transition from a micro economic pov. And the banking system will need a lot of back stop to implement a new settlement layer too. Interesting times, indeed!
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