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Interesting take!

I need to do a deep dive into BRICS. I know the basics of it, but need to learn more.

I agree Bitcoin will not become the global reserve asset overnight. I also don’t think it needs to for my concerns to materialize (albeit much less dramatically)

Question re: BRICS:

How does anyone trust these countries to be truthful in the backing of the currency? I don’t trust Russia or China at all. Brazil and India maybe?

I like the idea of BRICS. I don’t know these countries can successfully execute

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Discussion

StackSats.IO 2y ago

Here’s the neat part - you won’t have to.

BRICS+ don’t want to trade for Fiat USD anymore (read Putin’s speech from last year where he mentions this), and the United States isn’t going to let Western nations begin denominating trade in anything other than their petrodollars lest they completely come apart at the seams.

Unsure what a BRICS+ currency will look like but it’s likely there is going to be very little trade between these poles once the split forms fully in to a fracture.

SovereigntyQuest 2y ago

Not to disagree with you or imply that I agree with the views in the video but I do think there are times when we should search for views other than the cgtn agenda!

https://www.youtube.com/watch?v=M_80Ikpq3yw