Fiat will not become useless.
When everybody imposes sanctions on you and you have very limited ways to move Fiat around, Bitcoin is like a miracle. These sanctions rendered the usage of Fiat useless for Russia and this is their only escape for now. Like they said, nobody can stop Bitcoin. This is why they like it.
I doubt the idea for a strategic Bitcoin Reserve came up because they love how Decentralized it is and how much Freedom it brings. I mean. They do love it, as long as they are the only beneficiary of its advantages. I suspect they are thinking about creating such a Reserve particularly to avoid sanctions when ever necessary.
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I wonder whether BRICS currency will be the controllable alternative.
Possibly. I am thinking of it as a possibility too.
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Everyone has the right to their opinion, but to call a man who is responsible for aggression against another country with the aim of seizing its territory and ethnic cleansing a great man is completely incomprehensible to me.
Why are you turning this political and why do you put words into my mouth? I never said Putin is a GREAT leader. I said it comes from a BIG leader like Putin.
Even if I did say Putin was a great leader, I am a believer in REAL Freedom of Speech and I would not see a problem with it. Real Freedom of Speech does not have limits. Limited Freedom of Speech makes it not Free. To me, it is completely incomprehensible to see so many people think somebody has a right to their opinion UNTIL something they do not like is being said.
Before you further comment, I will paste a quote or two from long ago when I underlined my neutrality for not only the Russia versus Ukraine war but also in other subjects of discussion too.
I am trying to remain as neutral as possible about this war and this is getting me way too confused.
I am neutral as to who is contributing to the Bitcoin repo as long as their contributions are neutral too.
While I am very neutral, between Trump and Harris, Trump is the one to choose IF we are talking Cryptocurrencies only.
Anyway, while I always read both paid and free reviews of stuff that I want to order or use while keeping a neutral view, I can not ignore the fact that public reviews generally tend to be more biased towards the product so