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flix | 1 months ago (raw) | export | reply | flag +6 
 
Byzantine generals unable to coordinate... if only someone had invented a solution to the Byzantine Generals Problem...


https://www.ft.com/content/77ddacad-2de7-4bdc-bac7-d5ec3af32781
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flix | 1 months ago (raw) | root | parent | reply | flag +1 
 No BRICS country will trust another's currency. It's too easy for China to manipulate the CNY to its benefit and its partners' detriment.

The game theory behind this was all discussed by  JamesGRickards in "Currency Wars" a decade ago.

https://m.primal.net/Lgae.png
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flix | 1 months ago (raw) | root | parent | reply | flag 
 I predict that they will eventually settle on gold (being the boomers they are...).

However they might start experimenting with Bitcoin on a very small scale, pushed by younger advisers, tolerated by the current leadership. 

That will grow over time... those younger advisors will be promoted for their usefulness and prescience. Eventually they will rise to the top and push Bitcoin even more as the obvious solution.
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bitcoinsandy | 1 months ago (raw) | root | parent | reply | flag 
 I agree, Gold and bitcoin will be used as time passes. Legacy Sound money and digital sound money