That no major Western media are covering this could be read two ways.
“Brazil, Russia, India, China and South Africa, a coalition of nations going by the moniker BRICS, is set to introduce a new currency backed by gold, Russian English news channel RT reported.”
Bitcoin is new gold✌️
#bitcoin
"Backed by gold" actually means "backed by a promise of gold" and we all know how nation states are when it comes to keeping promises. BRICS might fool midwits but in reality it's just fiat 2.0.
Oh boy, the point of no return is August according to this report. Stack Sats.
usd sucks air out of room -> global currency collapse -> some countries move to usd while others move to commodity backed currencies and metals -> usd collapses -> new monies require too much trust -> bitcoin becomes global reserve currency and base of an open financial network
nostr:note19g95uyt5fm6a5gawaujddra03j7m7qnlch4lshpgkp4m0tnzaa7qauhxcw
Speculation is always fun, but we need to be talking to people in our local communities about trading in Bitcoin. In fact, we are way behind schedule. BRICS is leveling a howitzer at the U.S. and they are going to pull the trigger.
Who is verifying that the gold exist? 😆
People and businesses that can only think one step ahead will adopt if it suits them.
Anyone who can think 2+ steps ahead will move to the superior system: transacting and verifying the underlying themselves.
I haven’t seen any real coverage of it other than people sharing info like this, from folks who already think this way.
Oh, come on dude.. How would it go? Would those countries not print money then? Brazil? Russia? This is a stillborn project
This is exciting… the transition to bitcoin.
Backed by gold allegedly for now. Get it right.
They will call it bitcoin v2?
