pull down to refresh

de-dollarization was always more of a political slogan than a pecuniary fact, one that only Russia made tangible progress on but only because it was forced to, though it might soon rebalance as explained. They collectively form RIC, the core of BRICS, so whatever they say or do will influence comparatively smaller countries. There’s nothing wrong with that though, neither in general nor in this context.
We might see hyperdollarization before hyperbitcoinization.
reply
We must see hyperdollarization before hyperbitcoinization.
ftfy
"We're going to bitcoinize our great economy and stablecoin bagholders are going to pay for it!"
reply
Astute!
reply
I wonder how the SBR fits into the puzzle.
reply
By giving the Sec of Commerce, that owns a good chunk of Tether, and the Bitcoiner Treasury Sec the tools to run the Saylor playbook: Issue paper (stablecoins) as the new off-shore dollar to accumulate Bitcoin while issuance monetizes the debt directly bypassing the Fed and the need for new debt issuance.
reply
me too
reply
It doesn't, yet
reply
De-dollarization or the digitalization of the dollar is clearly to track and "keep people in check". In the case of digital money, they can centrally decide what/from whom/where/when/etc you can buy with your own money.
reply