I read the article twice. There is nothing factual in there stating that they are considering bitcoin. It is just a short statement that it would be a good idea. We know that. Is there more to the story?
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Thanks for the tl;dr
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Clickbait stuff and the person who posted this should know better as its exactly what they need (CLICKINGGGGGG)
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It would be awesome they go with Bitcoin- I am so sick of all the government printing money out of nowhere. But if we print money. It’s become illegal for no reason and get arrested. Government are criminal at the highest degree-
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This doesn't sound right at all! At least two of the BRICS countries are head deep into CBDCs.
I sincerely doubt it.
Personally, of course, I think Bitcoin would make a perfect global reserve currency, but I doubt the CCP or Putin would think the same.
The CCP will want to try to impose its yuan and even more its digital yuan on its partners rather than accept Bitcoin for use. The CCP will have control over the yuan, whereas Bitcoin cannot be controlled. No interest from the point of view of a totalitarian regime.
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It is considering, but not yet I will wait tell it's already using.
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Brazilian government giving up the control of money issuing? Forget about it
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Bitcoin is the perfect "outside money", because it is a self-sustaining, non-state entity without leadership and a stringent enforcement of protocol rules. They will eventually come around, once they figure out that it means they can't surreptitiously rob the people with inflation and use it to fund activities against the interests of the people.
I think there is some possibility for an evolution of the consensus on nation states and money where "inside money" and every notion that allows such things as imputing citizenship without consent and a virtual employer status that permits statutes to be enforced on them. (statutes are rules of a corporation for its agents).
As some have said, it could permit a peaceful balkanisation of the world, where federations whose size became such a threat to privacy and global security and even possibly the viability of life for a time on the planet, it's a no brainer, just have to throw all the psychopaths over the front of the boat so they get chopped by rotors of the engine :D
I was watching a documentary last night on the Diamond business and how they have succeeded so far in not having synthetic diamonds tank the value of their pointless carbon crystals. They can pretend and extend for a while but sooner or later someone makes a cheap way to produce an inch wide diamond with natural looking inclusions, what's the difference.
BTW, diamonds are like the old finance version of NFTs. So think about that in terms of how long it can be before a racket is finally recognised by everyone.
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Pretty sure they will ban Bitcoin if/when the dollar has lost most of its "value" but lets see.
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good luck with that
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i can pretty much guarantee you that 90% of the money invested in BTC is under the assumption that it wont be banned.
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what do you mean "invested"? bitcoin is not a company with expectation of returns.
and there is no "banning" bitcoin. bitcoin is an open network, a country that bans bitcoin only harasses their citizens and restricts their rights.
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Hard to believe
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Not that of a stretch imo. The alternative is to use one the member's currency or a basket thereof. The problem is, they don't really seem to trust each other not to rugpull.
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Exactly
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Where can I get more information on BRICS and Bitcoin?
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