Quote from: philipma1957 on Today at 03:06:14 AM

Quote from: Gachapin on Today at 02:18:53 AM

Quote from: criptoevangelista on Today at 02:14:46 AM

Quote from: Gachapin on Today at 01:19:35 AM

So apparently BRICS are going to use their gold backed "currency" for international trade. That's China, India, Brazil, Russia, South Africa, Egypt, Ethiopia, Iran, Emirates, and probably more to come.

If the USA are not going to use that asset, I actually see, apart from war, only one alternative for them to satisfy with another currency.. Something better than gold.

A "currency" whose security is backed by energy and that can be transferred without a middleman as digital information, a currency that no one controls.
You all know, as of today, there is only one potent asset of that kind.

I don't say Bitcoin used as the asset for international settlement is going to happen 100%, but it's in the cards.. and quite likely at that in my view. The price of 1 Bitcoin would then be several millions.

Let this be a reminder.

Yes, sell when you must, but always be aware of the huge potential this invention that you own a part of has.

This Brics bank is a joke... have you seen who the president of this bank is? Google it and see how bizarre it is....

please elaborate. thx

https://www.hindustantimes.com/world-news/former-brazilian-president-dilma-rousseff-is-new-brics-bank-chief-101679666146344.html

maybe he thinks this one below is the person in charge.

https://www.voanews.com/a/brazil-s-military-leaders-told-police-bolsonaro-had-election-reversal-plot/7529896.html

but Dilma is also pretty fucked up
https://en.wikipedia.org/wiki/Impeachment_of_Dilma_Rousseff

I wouldn't argue about bad people running the BRICS bank. (I think the same may go for the FED and others.)

I actually wanted to know why he thinks it's a joke, and why BRICS wouldn't become a strong opponent to the US side.