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0 sats \ 1 reply \ @OgFOMK 1 Dec \ parent \ on: Bloomberg: Trump Demands ‘Commitment’ From BRICS Nations on Using Dollar bitcoin
Think about this, if you make a product that is a financial tool and you can easily rug pull users is it a good financial tool? No, it is not and thus it is a tool only for ignorant users.
Monetary hegemony has always derived from trade dominance.
The British Empire once enjoyed global trade dominance.
In turn USA had such dominance after WW2.
Today China has it.
Other countries need to trade with the dominant trading nation.
Like trade, it comes down to mutual self interest and the imperatives of empire.
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