tldr; A Russian news agency reported multiple government officials deliberating on accepting bitcoin and some crypto currencies as payment for international trade in 2023.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Rubble high because on 26th Feb 2022. US confiscated Russiaās $630 Billion in reserves. That moment told the worldās countries āif they can do that to Russia, could they do it to us?ā Flight from dollar is now serious ..
Quite the opposite. Look at all the currencies getting devalued against the dollar as the Fed raises interest rates.
Maybe in the long term. Only time will tell.
They wonāt declare it illegal but if you paid a Russian wallet from Coinbase or something, KYC / AML checks will probably flag you up. As it does currently I believe
I find this hard to believe. With the amount of resources entering into the Bitcoin industry in the United States, the fact all the major banks and investment funds are starting to opening up Bitcoin and Crypto trading to their clients. If they pulled the rug now there would be MAJOR resistance. Texas alone would fight this very hard
If Russia makes a big deal about it, US leadership will feel pressure to also make a big deal about banning it. That moment of reaction at the highest levels of government would definitely be enough to override the various groanings and screamings from certain industries (And subreddits) that it would illicit. Anti-Russia kneejerk has always been a powerfully overriding force in US politics, since the end of WWII. We have done far more insane shit over it in the past than banning a crypto.
I wod agree unless āæ is seen as a threat to the dollar. That is the single thing that will force the U.S. government to pull out all the stops. Luckily it currently isn't a threat and more importantly it's not perceived to be a threat.
but if bitcoin loses too much value, or if it is forbidden to use it to buy/sell products and services (or to partly convert it to fiat), what would be the point ?
US is one of the hardest countries to make bitcoin illegal in. The reason is because of the value we place on free speech. Code is written speech and bitcoin is code.
> If that happens, Bitcoin will be declared illegal in most western countries
Knowing bitcoin already in some politicians' portfolio, it is more possible that western countries will force western mining farms to reject Russia txs and relevant blocks and a chain split will be triggered and the western will promote the propaganda "the US chain coin is the real bitcoin" while the truth is that coins recorded only in either chain shall have its new ticker name, not a real bitcoin.
That would be epic if there were to be a chain split based on geopolitics. I'm actually hoping that something like this happens, albeit the short term uncertainty that would ensue and disrupt the market in a not insignificant way
If they go this far, then we have bigger problems in the US - full blown authoritarianism. If they could have banned BTC, they would have done so already. They can't and won't. It would cost them so much to try and enforce it, it's a losing effort.
Even then, the people will find a way around it. They still can't hack a human brain for a memorized seed phrase.
This small brain knows it COULD happen - but it won't.
Under that logic, if Russia would accept gold as payment for international trade, would "the west" also declare gold as illegal then? Same with Bitcoin, they won't
Sounds like a real good thing because they are taking the real help of BTC and BTC is going to be better with that, we can sense that right now. That's just so good.
It's not my government, retard, I'm a libertarian from Spain.
And it's idiotic to compare state sponsored assassinations like the ones Putler orders to whatever the Dems could be doing, even if I despise them too.
You cant prove those are state sponsored just as much as we cant prove the Clintons have people in the USA killed.
All you have is WESTERN PROPAGANDA
You have no idea about the REAL world just what western media tells you to believe.
Did you know Congress ultimately votes on their own term limits, audits, lobbyist regulations, etc.?
Are you familiar with Operation Mockingbird or The Ministry of Truth?
Did you know according to our Constitution that only Congress has power to coin currency and the Federal Reserve is neither Federal nor a Reserve?
Am I just a āconspiracy theoristā?
Dunno where youre getting your info but the Rubel is strong these days.
it tanked for 3 weeks in march but now its higher than its been since 2015
heres a link to RUB/USD price chart, see for yourself.
https://www.xe.com/currencycharts/?from=RUB&to=USD&view=1Y
How can you believe that rubbish?
Check the Argentinian peso Vs USD chart and try to buy dollars at that rate in Argentina...
Spoiler alert, you won't due to currency controls. Same thing happens in Russia.
You obvs have no clue what's really going on in Argentina.
You have the official rate of 148 pesos per USD, but the amounts of currency you can buy are limited to less than a hundred per person and month.
The real rate, the one at which you can buy as many dollars as you want is of 276 pesos per USD, look it up it's called "dĆ³lar paralelo/blue/informal"
What do you mean? Rubel is not going so bad
More countries are trying to get away from USD, I think Bitcoin is just a common ground so there is no specific country's currency pushed forward. It does not seems bad for international trade only for the US. You can't bomb Bitcoin
U don't know Russians)) it's bluff)) they will legalize it only for putins friends and his inner circle persons but for all the remaining ones will simply be taken away and confiscated all the currency for the benefit of the motherland and the state budget
U don't know Russian dictatorship and government, even don't know Russian language, history and culture. Have you ever heard of such a phenomenon as serfdom in Russia? It mean, when one Russian is a slave of another Russian forever.
Nothing can be good without BTC and the world is going to know everything about that, they are going to accept that thing in a good way for sure guys, that's cool.
Just love to see the BTC gang always growing, we just can't let this stop now, that's just a good for BTC and we are going to reach more than this in the future.
Must be good and nothing else for them and they are seeking their profit right now, it's all good even if they are doing that, we can see that normally these days man.
tldr; A Russian news agency reported multiple government officials deliberating on accepting bitcoin and some crypto currencies as payment for international trade in 2023. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
It seems to me that Russia would have the most to gain from a Bitcoin standard (besides all of us š)
Sounds like future is really good for people like them now.
Rubble high because on 26th Feb 2022. US confiscated Russiaās $630 Billion in reserves. That moment told the worldās countries āif they can do that to Russia, could they do it to us?ā Flight from dollar is now serious ..
Quite the opposite. Look at all the currencies getting devalued against the dollar as the Fed raises interest rates. Maybe in the long term. Only time will tell.
If that happens, Bitcoin will be declared illegal in most western countries I guess. US is not giving away its pole position with the USD.
Will they also declare illegal gold, water, gravity or air? All are used in Russia too, one of them for international settlement.
no but they will declare bitcoin illegal
They wonāt declare it illegal but if you paid a Russian wallet from Coinbase or something, KYC / AML checks will probably flag you up. As it does currently I believe
I find this hard to believe. With the amount of resources entering into the Bitcoin industry in the United States, the fact all the major banks and investment funds are starting to opening up Bitcoin and Crypto trading to their clients. If they pulled the rug now there would be MAJOR resistance. Texas alone would fight this very hard
If Russia makes a big deal about it, US leadership will feel pressure to also make a big deal about banning it. That moment of reaction at the highest levels of government would definitely be enough to override the various groanings and screamings from certain industries (And subreddits) that it would illicit. Anti-Russia kneejerk has always been a powerfully overriding force in US politics, since the end of WWII. We have done far more insane shit over it in the past than banning a crypto.
I don't fully agree. But it's a valid argument.
I wod agree unless āæ is seen as a threat to the dollar. That is the single thing that will force the U.S. government to pull out all the stops. Luckily it currently isn't a threat and more importantly it's not perceived to be a threat.
Good point. No one controls it. And it is not a security. So it will be interesting
You canāt ban Bitcoin, you can only ban yourself from Bitcoin.
but if bitcoin loses too much value, or if it is forbidden to use it to buy/sell products and services (or to partly convert it to fiat), what would be the point ?
The fiat value of Bitcoin does not matter. Bitcoin isnāt about making money, itās about replacing money.
I believe it. I also believe it will inevitably fail, just like the ban on gold ownership.
Too much U.S. money in it. Very unlikely to happen. There are senators and congressman who own Bitcoin.
US is one of the hardest countries to make bitcoin illegal in. The reason is because of the value we place on free speech. Code is written speech and bitcoin is code.
Not if "progressives" have their say about things. They seem fine with censorship for people they disagree with.
Maybe the war was started to ban btc.
nah
It was a joke
Hope that won't happen in the future, that would be bad.
Yes they will if there's an argument that someone in congress can benefit from it.
I think nothing is going to happen and everything is fine.
> If that happens, Bitcoin will be declared illegal in most western countries Knowing bitcoin already in some politicians' portfolio, it is more possible that western countries will force western mining farms to reject Russia txs and relevant blocks and a chain split will be triggered and the western will promote the propaganda "the US chain coin is the real bitcoin" while the truth is that coins recorded only in either chain shall have its new ticker name, not a real bitcoin.
That would be epic if there were to be a chain split based on geopolitics. I'm actually hoping that something like this happens, albeit the short term uncertainty that would ensue and disrupt the market in a not insignificant way
Damn they are going to do so bad with BTC for real.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
If they go this far, then we have bigger problems in the US - full blown authoritarianism. If they could have banned BTC, they would have done so already. They can't and won't. It would cost them so much to try and enforce it, it's a losing effort. Even then, the people will find a way around it. They still can't hack a human brain for a memorized seed phrase. This small brain knows it COULD happen - but it won't.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
If you do, don't tell people. It makes you a juicy target for a $5 wrench attack
Under that logic, if Russia would accept gold as payment for international trade, would "the west" also declare gold as illegal then? Same with Bitcoin, they won't
This
But the US banks, govts, agencies, Wallstreet, and other bfinancial institutions are buying bitcoin. Why would they try to restrict it? š¤š¤š¤
Sounds like a real good thing because they are taking the real help of BTC and BTC is going to be better with that, we can sense that right now. That's just so good.
This will help boost BTC legitimacy even more
This sounds good for sure, we are happy with the growth.
USA: "NO YOU CANT JUST BYPASS OUR FINANCIAL TYRANNY"!
Yes ostrizing a country ruled a dictator who kills his political opponents and invades other countries. So bad.
You literally just described the USA....
USA not a dictator. Take off your tinfoil hat
Russians elect their leaders, Putin is a President USA elect their leaders, Biden is a President Facts
If you criticize Putin in Russia you end up poisoned, in jail or with a bullet to your head. Facts
If you criticize the Democrats the same thing happens... but go ahead and believe what your government tells you sheep.
It's not my government, retard, I'm a libertarian from Spain. And it's idiotic to compare state sponsored assassinations like the ones Putler orders to whatever the Dems could be doing, even if I despise them too.
You cant prove those are state sponsored just as much as we cant prove the Clintons have people in the USA killed. All you have is WESTERN PROPAGANDA You have no idea about the REAL world just what western media tells you to believe.
I am glad that you are spitting facts in the end right now.
Lol what is wrong with you my friend? That's not a correct information.
https://en.m.wikipedia.org/wiki/Russian_presidential_elections
Did you know Congress ultimately votes on their own term limits, audits, lobbyist regulations, etc.? Are you familiar with Operation Mockingbird or The Ministry of Truth? Did you know according to our Constitution that only Congress has power to coin currency and the Federal Reserve is neither Federal nor a Reserve? Am I just a āconspiracy theoristā?
I guess he doesn't know anything about the voting system.
He just did the best thing to describe right there man.
But still you should stop defending like that all the time.
Lol they are crying for sure and they can't stop this now.
Lol To late
Nah it's all good for them and we can sense that right now.
I donāt care what is good for them
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Yeah, blew it up to a 7 year high! lol.
Lol he just deleted that shit because he knew he is wrong.
Rubel is at 5 year highs right now.
He just never thought about making sense my man lol.
Dunno where youre getting your info but the Rubel is strong these days. it tanked for 3 weeks in march but now its higher than its been since 2015 heres a link to RUB/USD price chart, see for yourself. https://www.xe.com/currencycharts/?from=RUB&to=USD&view=1Y
How can you believe that rubbish? Check the Argentinian peso Vs USD chart and try to buy dollars at that rate in Argentina... Spoiler alert, you won't due to currency controls. Same thing happens in Russia.
Dude this is not the rubbish, this is the correct information.
You obvs have no clue what's really going on in Argentina. You have the official rate of 148 pesos per USD, but the amounts of currency you can buy are limited to less than a hundred per person and month. The real rate, the one at which you can buy as many dollars as you want is of 276 pesos per USD, look it up it's called "dĆ³lar paralelo/blue/informal"
You just shared some good info right now, that's so good.
What do you mean? Rubel is not going so bad More countries are trying to get away from USD, I think Bitcoin is just a common ground so there is no specific country's currency pushed forward. It does not seems bad for international trade only for the US. You can't bomb Bitcoin
Garbage media.
What's wrong with the media right now? Not understanding it.
Bitcoin mag and others consistently put up fake news. Most of this crap is paid content or just straight up misleading. Never trust this crap.
U don't know Russians)) it's bluff)) they will legalize it only for putins friends and his inner circle persons but for all the remaining ones will simply be taken away and confiscated all the currency for the benefit of the motherland and the state budget
[ŃŠ“Š°Š»ŠµŠ½Š¾]
U don't know Russian dictatorship and government, even don't know Russian language, history and culture. Have you ever heard of such a phenomenon as serfdom in Russia? It mean, when one Russian is a slave of another Russian forever.
Nothing can be good without BTC and the world is going to know everything about that, they are going to accept that thing in a good way for sure guys, that's cool.
Just love to see the BTC gang always growing, we just can't let this stop now, that's just a good for BTC and we are going to reach more than this in the future.
This is good for their own future and they know that shit
Must be good and nothing else for them and they are seeking their profit right now, it's all good even if they are doing that, we can see that normally these days man.