Bitopia 2 years ago

Haha awesome. Russia basically admits that there is not going to be a BRICS gold-backed currency (this is 100% correct, BRICS countries love the money printer too much). But de-dollarisation is happening anyways. Hmm what would be replacing the dollar? 🤔 #Bitcoin

Bitcoin News

Russia Says BRICS Currency Unlikely in Near Future but De-Dollarization Grows Globally

Russia says a common BRICS currency is unlikely to be feasible soon but the global process of de-dollarization is inexorably underway.

Bitopia 2 years ago

A gold-backed BRICS currency will never happen. Not one BRICS country wants to go on the gold-standard. They are all too in love with the money printer.

Bitopia 2 years ago

Summary of the fall of Rome: Centralisation → Debasement → Collapse

Bitopia 2 years ago

By adopting #Bitcoin African nations allow their people to participate in the global digital economy. They wouldn't have to ask "permission" of other countries to do financial transactions.

Bitopia 2 years ago

If country A has #Bitcoin it can build an "encrypted wall of energy" in cyberspace that country B (which doesn't have #Bitcoin) can't touch. At the same time country A is still able to attack country B's cyberspace in conventional ways.

Bitopia 2 years ago

CPI numbers are being manipulated. The basket keeps changing, making CPI is a terrible way to measure inflation. Its “flexibility” makes it easy to manipulate & hide money devaluation.

Damus

Bitopia on nostr

Why Peter Schiff is right… about the system We often tease Pe

Bitopia 2 years ago

The yuan might have a chance to be on par with the dollar. But it’s the age of #Bitcoin  so all it can hope for is to match the dollar in mediocrity.

Bitcoin News

Former Central Banker Discusses How Chinese Yuan Could Become on Par With US Dollar

A former central banker has explained how the Chinese yuan could turn into a currency on par with the U.S. dollar and the euro.

Bitopia 2 years ago

Gold kept politicians honest. Fiat gives politicians power to interfere with our lives. With the gold standard governments had to be careful about how they spent their money... ...which led to better decisions.

Damus

Bitopia on nostr

Why Peter Schiff is right… about the system We often tease Pe

Bitopia 2 years ago

🇫🇷France won't be happy about this... And 🇩🇿Algeria will probably not be the last African country to join.

Bitcoin News

Algeria Readies $1.5B BRICS Bid: Major Move for Membership in the Cards?

"We officially applied to join the BRICS group, we sent a letter asking to be shareholder members in the bank,” president Tebboune said.

Bitopia 2 years ago

Ouch Elon... https://www.reuters.com/technology/problem-with-x-meta-microsoft-hundreds-more-own-trademarks-new-twitter-name-2023-07-25/

Bitopia 2 years ago

I am so looking forward to a Chinese version of House of Cards... https://www.reuters.com/world/china/china-appoints-wang-yi-its-new-foreign-minister-replacing-absent-qin-gang-2023-07-25/

Bitopia 2 years ago

The more the world descends into chaos, the more stable #Bitcoin will look.

Bitopia 2 years ago

#Bitcoin #art: Ploughing in the Nivernais (1849) - Rosa Bonheur

Bitopia 2 years ago

Why is 🇺🇦Ukraine allowed to be independent, but the Catalans are not? https://www.reuters.com/world/europe/spain-faces-political-uncertainty-after-right-fails-win-predicted-majority-2023-07-24/

Bitopia 2 years ago

Does 🇨🇳China realise that if the 🇺🇸US adopts #Bitcoin all effort it put in the gold-backed BRICS currency has been for nothing?

Bitopia 2 years ago

It's a tragedy Peter Schiff doesn't (want to) understand #Bitcoin and sees #gold as the solution. He is clear about the problem, but diagnoses the wrong solution. It's gold failing the market test that led to #fiat.

Bitopia 2 years ago

Power corrupts and absolute power corrupts absolutely. Peter Schiff is right that governments need physical constraints to keep them honest.

Bitopia 2 years ago

A #Bitcoin standard would have prevented the fall of Rome.

Bitopia 2 years ago

"#Bitcoin is the movement from darkness to light." -Allan Bloom

Bitopia 2 years ago

The gold standard brought Europe to the pinnacle of civilisation #Bitcoin is its only chance to get back there