Quote from: teosanru on March 06, 2022, 01:38:32 PM

Quote from: ADCrypto101 on March 06, 2022, 01:26:00 PM

Hi Guys,

i would like to discuss a thought.

Russia is experiencing heavy sanctions by EU and US, especially the SWIFT Ban from the EU is a hard one.
So what would happen if Russia went full adoption on BTC as this would be an unregulated alternative.

In my opinion, this could throw BTC in a black hole, as US and Europe would be forced to ban or regulate it to death. (Quickly)

What is your opinion on this topic, lets discuss

Kind regards
AD

Won't help. The problem isn't the Russian currency, the problem actually is resources that Russia needs and the debts it is under. Even if you start using bitcoin as a currency you would still have to pay for the resources also you still have to repay the debt you have taken. The problem would become even wilder as Russia would then have just limited bitcoins it just can't print more of it the way it can do for Ruble. So I don't really think this is a wise idea for Russia at this point.

I think OP is reffering to using BTC as a mean if doing transactions in and out of the country since most banks stopped working with russia so i guess it's a great alternative i mean that's why it was created in the first place.