Russia apparently does the same to avoid sanctions.

I think these experts are so funny:

AI per se will not create inflation. Inflation is defined as the increase in money supply among economists who know what they are talking about.

Fractional reserve banking is unavoidable in any economy. The problem is that people confuse IOUs with money. A problem that cannot be solved.

Ridght, they are not our friends. Like politicians.

Somebody should tell them about Bitcoin.

Not sure how they will manage to destroy mixers. Anyhow please develop even more mixers and payjoins, developers. Open source.

As far as I can see, their needs are better served with USDT.

I think stablecoins are worrying the regulators more than Bitcoin. And the only stablecoin winner will be dollar dethroning e. g. Euro. Expect some "discussions" between the US and the rest of the world in the coming years.

Do they really have any other choice than Bitcoin for their savings? Russia is under sanctions so US-based stablecoins seem to be a bad option. Give me your thoughts.

Indeed, Mexican cartels sell fentanyl in the US for Bitcoin and pay for their precursors in Bitcoin. If you can give sources for the push to make Bitcoin legal tender in Mexico, please link them. I can understand that the cartels would love that.

The Colombian cartels use Bitcoin when selling cocaine to (at least part of) Europe. Quite understandable, banks will not touch their money and stablecoins can be censored. This use of Bitcoin will increase, I see no real alternative here.

Reputation and a place to complain to is a minor problem. In Russia and Ukraine it is standard to get a private taxi by simply holding out a hand. No reputation system at all and it works well.

I guess civil disobedience might kick in here.

This is certainly comforting to hear. I was actually worried for a while.

Centralisation and being prone to censorship is not priced in correctly in many assets, imho.

Nothing works as well as competition among states.

Key management is so hard that companies use other companies to manage their bitcoin. Which is a problem, to say the least. I bet many and big companies use Coinbase as custodian.

The evolution of the bitcoin ecosystem is early indeed.

PS Prime Trust lost their keys DS

I have waited for a company to lose their keys. Key management is very difficult and prone to corruption. I expect larger companies to also lose access to their Bitcoin.

Be your own bank.