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47 sats \ 1 reply \ @Svoboda 26 Aug \ on: Chinese Yuan Overtakes the Dollar: BRICS Drive De-Dollarization Surge econ
Actually just posted this on nostr a few minutes ago. I just don't think China wants to be the world reserve currency and have to defend it. Also, now that they're in BRICS, if I'm one of the partners I don't want one country to have the upper hand -- that is precisely what led to the US oppressing all of us.
I only know of one trustless monetary protocol that seems perfect for what they want to do. Anyone know what it is?
Well said and it could happen but Bitcoin is so much the antithesis of the CCP world view it's hard to imagine.
It would be an interesting development if Bitcoin was adopted for international trade settlements ~ all trade would then be on a much more equal and fair basis.
That would probably remove a lot of the resistance there otherwise will be to global trade denominated in CBDC Yuan.
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