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they are saying "russia legalizing bitcoin payments for international business" in the headlines but i think technically they are decriminalizing it, because it was previously criminalized.

it's kinda big news for us bitcoiners though

it's yet more adoption of its bulk MoE use case, it probably opens the door to lightning payments for the micro-small-transaction use case, and is an interesting case study of proving Bastiat's point about how trade and war are a balance where one prevents the other, and preventing one encourages the other

Tom 1y ago

It’s actually not great news because uh ah sanctions. Bitcoin is really in the limelight lately and I’m not sure this is good.

Back to Russia — because of sanctions — the west may react unfavorably.

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ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ 1y ago

that's the neat thing, now USA gets fomo because china is stacking, and now obviously russia gonna be stacking

Tom 1y ago

Well we are a trading company we need to be able for bitcoin to move freely. I suspect this could dampen bitcoin adoption in western countries

ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ 1y ago

that's where it's already widely adopted

ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ 1y ago

if the west doesn't ease up on it now, while their enemies are, the trade in bitcoin will move where it's treated better