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LEFFSIDE | 1 years ago (raw) | root | parent | reply | flag 
 Why would anyone use a currency the issuer can seize or debase as collateral when others are using one that’s easily custodial and of a fixed supply?
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captjack | 1 years ago (raw) | root | parent | reply | flag 
 this is about sovereign "international trade settlement" "2 parties can decide" anything they like or value - can be SAND also -nothing to do bitcoin (unless that country produce nothing or small one)   Oil <-> Goods both Riyal Yuan are soft pegged to dollar - only loser is dollar -doesnot mean any win for bitcoin instantly
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LEFFSIDE | 1 years ago (raw) | root | parent | reply | flag 
 Yeah I don’t think anyone said instantly
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captjack | 1 years ago (raw) | root | parent | reply | flag 
 it makes only for smaller nations who has NOTHING significant to export to settle in "gold bitcoin or another major trade-bloc currency"
large BI-LATERAL traders dnot need 3rd party currency even they know they can debase each other. so long EACH of has something use full another

OIL <-> MANUFACTURE