People in Russia obey the law? This is more likely to slow Russia down than it is to slow Bitcoin down.
Topic: Russia & China bypass USD - page 3. (Read 2959 times)
The last two countries to try this were Iraq and Libya.
This is tired old myth. Countries and companies deal in oil and gas using non-dollar currency all the time. Just because its booked in accounts as $ doesn't mean $ where used for the trade.
In the immediate future, the exchange rate of Bitcoin can increase as a result of this. (The value of the USD will decline, as the trade volume is lowered. And proportionally, the BTC vs USD exchange rate will increase).
I don't think this deal is significant enough to make much of an impact on the value of the USD. The actions of the Fed over the coming months and years will be much more relevant.
In the immediate future, the exchange rate of Bitcoin can increase as a result of this. (The value of the USD will decline, as the trade volume is lowered. And proportionally, the BTC vs USD exchange rate will increase).
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The last two countries to try this were Iraq and Libya. Thankfully the American people don't have the stomach to allow our government "bring democracy" to these newest offenders.
The US cannot start war with Russia and China at the same time, its not a strategic decision.
The last two countries to try this were Iraq and Libya. Thankfully the American people don't have the stomach to allow our government "bring democracy" to these newest offenders.
Not sure if this was already posted, did a quick glance and didn't see it.
http://america.aljazeera.com/articles/2014/5/20/russia-china-bankdeal.html
http://america.aljazeera.com/articles/2014/5/20/russia-china-bankdeal.html
The gas and oil post on another section is full of debate on this also.
Not sure if this was already posted, did a quick glance and didn't see it.
http://america.aljazeera.com/articles/2014/5/20/russia-china-bankdeal.html
http://america.aljazeera.com/articles/2014/5/20/russia-china-bankdeal.html
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