reply on: China devalues yuan by leaps and bounds \ stacker news ~econ

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32 sats \ 8 replies \ @gmd 5 Jan \ parent \ on: China devalues yuan by leaps and bounds econ

Ruble ain't doing so hot either ...

Everyone involved in brics is crooked. So how would they keep a stable currency? Even during the first meeting they didnt want to make a combined currency, which I thought was funny. Wasnt that the whole point of brics?

32 sats \ 6 replies \ @gmd 5 Jan

Dictators relying other dictators lol... zero trust.

33 sats \ 5 replies \ @Satosora 5 Jan

At least with bitcoin, you know the other guy wont stab you in the back. They need to figure out something similar, or just use bitcoin. Would bitcoin become stronger because of their involvement, or would people pull out?

32 sats \ 4 replies \ @gmd 5 Jan

Use cases for bitcoin are so obvious.. it's amazing we're still at 100k frankly

20 sats \ 1 reply \ @TomK OP 5 Jan

Here in Europe we have nearly zero adoption. People have been dumbed down by the media and public education

0 sats \ 0 replies \ @Satosora 5 Jan

It will get better as your fiat is inflated. People will wisen up.

33 sats \ 1 reply \ @Satosora 5 Jan

Yes, but they cant control it. They cant inflate it to zero, which is everything to them.

33 sats \ 0 replies \ @nym 5 Jan

They will try