Oddbean

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 i didn’t expect the major nation state settlement currency role. but it makes sense. it solves the same problem there too by eliminating reliance on things like the IMF and Swift.

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 i thought it would come, but honestly still prepared for that to be 20 years 

you imagine it really does reduce reliance on those orgs and techs? that really would fix a lot of things

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 i think BRICS is already talking about incentivizing State resource backed bitcoin mining, and settling accounts in bitcoin. 
lot of people missing the significance of that.

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 wow, I thought they were settling in rubles or rmb, BTC settling would be absolutely wild

a neutral currency between brics and the dollar backed nations would accelerated the timeline a lot

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 i dont think that is the goal. i think bypassing swift, and G7 controlled payment rails is. While we were election focused, BRICS was meeting to welcome 6 new member states. 3 of which, including Argentina and Ethiopia, are running State controlled bitcoin mining centers.

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 interesting

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 thought about this overnight

i feel like intra BRICS settling + mining is huge, and imminent after what you said 

imagine now if there's distrust between brics and the G7, they would need something neutral for settling there

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 If Alexander Dugin has his way, the US will be excluded from BRICS. 
But i doubt that will happen. $ is $. 
Will be interesting to see how it plays out.

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 I'm not as on top of it as you are so I'll be watching here, keep noting

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 I dont feel like im on top. i feel like im watching from the vacant lot next door. 😆