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BRICS vs Bitcoin?
118 sats \ 3 comments \ @spiderman 8h bitcoin
So, we know the catchy acronym describing the geopolitical alliance of Brazil, Russia, India, China and South Africa, claiming to represent the global south (whatever that means).
Not a week goes by without someone threatening or speculating on how this block is going to replace the USD as the global reserve, or trade settlement medium. Sounds all happy and dandy.
But, also, as expected, these five seem all very scared of Bitcoin, and not just indifferent, but positively trying to ban/crack down on even the idea of Bitcoin, with various levels of enforcement or legal threat.
So I am curious, how long before their people, at least some of them, realise that Bitcoin can be their greatest ally if they really have a beef with the USD hegemony?
Will Bitcoin break them first? Or they will eliminate Bitcoin (at least within their border) first?
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0 sats \ 0 replies \ @LibertasBR 8h
Only people can break this hegemony by adopting Bitcoin. Countries and their bureaucrats — like the mafias they are — have no interest in losing control over the shitfiat they issue. After all, countries can’t hold Bitcoin; it’s the bureaucrats who control the keys — they’re the ones who will.
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0 sats \ 0 replies \ @bitcoingecko 8h
You can't eliminate bitcoin forever. Perhaps for a time you can more or less stop it within borders. I assume each of the BRICS nations will act differently as they do now. Some will be more ok with it than others. I can't imagine China embracing bitcoin anytime soon though unfortunately.
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0 sats \ 0 replies \ @HighOfLot 5h outlawed
stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.