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0 sats \ 3 replies \ @028559d218 OP 1 Dec \ parent \ on: Bloomberg: Trump Demands ‘Commitment’ From BRICS Nations on Using Dollar bitcoin
I think the BRICS will use Bitcoin. Not because it is perfect... But because it is truly neutral, and something all the 'BRICS' can agree to disagree on using.
It cannot be censored, it cannot be taken or hacked, and the 21 million cap cannot be modified or broken. It is perfect capital for parties who don't necessarily trust each other, perfect for a hodgepodge group of 'other' countries that want to distance themselves from the Dollar as much as possible.
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0 sats \ 2 replies \ @Solomonsatoshi 1 Dec
They probably should use Bitcoin but they won't.
At current rates over 50% will be held by US domiciled institutions within 5 years.
BRICS Pay will use Chinas already operational CBDC which is designed to enable international trade payments.
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0 sats \ 1 reply \ @028559d218 OP 1 Dec
No matter how much the institutions hold... they don't control the network, cannot censor transactions, and cannot take the Bitcoin of others.
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0 sats \ 0 replies \ @Solomonsatoshi 1 Dec
That is simply not true.
You have not thought this through.
Watch this-
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