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Title: If Russia Invites Bitcoin Adoption, The Global Arms Race Will Begin
Source: [None]
URL Source: https://www.zerohedge.com/crypto/if ... on-global-arms-race-will-begin
Published: Feb 17, 2022
Author: Tyler Durden
Post Date: 2022-02-17 15:04:23 by Horse
Keywords: None
Views: 265
Comments: 7

Recent pro-Bitcoin developments from Russia could put the Eastern power in a lead position as inflation grows. How will other powers react?


Poster Comment:

Bitcoin is not the only cryptocurrency. The US military is all that upholds the value of the US Dollar. The military is Woke and Vaxxed. It and the dollar are doomed. The Chinese are experimenting with a guarantee of gold convertibility for a digital currency.

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Begin Trace Mode for Comment # 6.

#1. To: Horse (#0)

That could send it much higher very quickly.

Pinguinite  posted on  2022-02-17   16:03:44 ET  Reply   Untrace   Trace   Private Reply  


#4. To: Pinguinite (#1)

Saw another article saying that Ripple would be a better candidate. But China wants to issue their own digital currency convertible into gold.

Horse  posted on  2022-02-18   0:56:50 ET  Reply   Untrace   Trace   Private Reply  


#6. To: Horse (#4)

Saw another article saying that Ripple would be a better candidate. But China wants to issue their own digital currency convertible into gold.

Ripple is centralized, so if the issuing company were to go belly-up, then Ripple would instantly drop to zero. It's best that only free market coins are entertained as

China has their own centralized digital yuan which they are developing, and word is they are in first place among all countries in the development of their own centralized crypto. If they want to back it with gold, that's their choice.

Pinguinite  posted on  2022-02-18   1:41:23 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 6.

#7. To: Pinguinite, Horse, 4um (#6)

Thanks for the further edification.

Lod  posted on  2022-02-19 09:28:33 ET  Reply   Untrace   Trace   Private Reply  


End Trace Mode for Comment # 6.

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