Some positive progress. Yes, not yet embracing the decentralized aspect for average folks but it seems that they recognize the decentralization benefits, at least for themselves as a country against the US and Europe.
The benefits for Russia are significant. As they move to a bitcoin standard for international trade, I suspect it will percolate throughout their society. Maybe they look like El Salvador eventually. Bitcoin changes people.
I appreciate the positivity
but there's not really any evidence they're moving to a bitcoin standard even for trade.
And certainly none that its going to percolate through their society.
Zoom out to appreciate how far we’ve come. Civilizational change takes time.
They just approved bitcoin for international trade last week?
What do you anticipate will happen when they realize, like we do…
…it’s freedom from seizure and censorship?
…that they can receive digital verified payment for billions in minutes?
…that they no longer have to invest in foreign fiat bonds?
…that it’s making their country wealthier and more prosperous?
I suspect they’ll start using it more often.
I anticipate they understand those things and that's why they're so careful about when and where its allowed.
They want the benefits of fiat just like the fed.
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