Comment on Russia legalizes Bitcoin and cryptocurrency mining
tardigrada@beehaw.org 4 months agoYes, but for the West it’s just easier to block Swift than a decentralized network. But in principle I agree. That China and Russia haven’t obviously found something better to arrange payments than barter and a blockchain is a clear sign imo that they are in big trouble.
jarfil@beehaw.org 4 months ago
Barter is not a unheard of way to conduct business, even between countries without sanctions. The SWIFT network itself has become a sort of barter system.
I’m guessing in this case, they both distrust each other’s currency, so they might as well trade in Bitcoin as in any other currency they’d both trust more… if there was such.
tardigrada@beehaw.org 4 months ago
Yes, I fully agree especially with this, but also the other views.