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China & Russia and The Dollar
156 sats \ 11 comments \ @Roll 22 May 2024 econ
China is getting rid of the dollar at a record pace China accelerates its dedollarization with record sales of US Treasuries. The world will soon need a new reserve currency: Bitcoin. https://www.cointribune.com/en/china-is-getting-rid-of-the-dollar-at-a-record-pace/
Putin's Strategy: Undermining the Dollar Vladimir Putin took advantage of his state visit to China to call on the world to stop using the dollar. What if we replaced it with Bitcoin? https://www.cointribune.com/en/putins-strategy-undermining-the-dollar/
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0 sats \ 3 replies \ @didiplaywell 22 May 2024
No state that seeks control of its population can allow itself to adopt bitcoin. Indeed China and Russia have stated already that they are pursuing the imposition of a CBDC, which is already in effect in China. Even USA politicians have proposed a CBDC. Bitcoin adoption will not come from political decision within a tyranny.
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0 sats \ 2 replies \ @Roll OP 22 May 2024
it s true, but at least it s set the cat amongst the pigeons...
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7 sats \ 1 reply \ @didiplaywell 22 May 2024
So far I see that distinction was the very reason Bitcoin was created in the first place. It's a given. Reaching adoption within that context is our challenge.
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10 sats \ 0 replies \ @Roll OP 22 May 2024
and let s follow our path to orange pill :)
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0 sats \ 1 reply \ @Undisciplined 22 May 2024
They still have quite a few cards to play. However, it's clear how this story ends, even if we don't know how many more chapters there are.
Gradually then suddenly
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0 sats \ 0 replies \ @Roll OP 22 May 2024
Another political system so another way of acts, indeed
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0 sats \ 4 replies \ @Satosora 22 May 2024
They are working together. You think the rest of the world trusts their currency, though? More than the dollar?
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10 sats \ 3 replies \ @Roll OP 22 May 2024
the most important, they are quiting the dollar... it will create a new dynamic, some oportunities/ideas ...may be it will increase the use of Bitcoin, but may be
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0 sats \ 2 replies \ @Satosora 23 May 2024
or it might falter they lose a shit load of money. Just imagine how many people will scramble back to the us dollar.
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10 sats \ 1 reply \ @Roll OP 23 May 2024
Or probably to a cbdc...
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0 sats \ 0 replies \ @Satosora 23 May 2024
maybe... its possible
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