If we can get 'BRICS shares' for little or nothing right now, they might be worth $billions a decade from now.
Topic: Which currency to get paid in... (Read 148 times)
When Bitcoin started in 2009, it was being given away for free, or for very little, just to get it started. BRICS is a vehicle - as Bitcoin was - to get rich in the future. Does anybody know how to invest in it?
If we can get 'BRICS shares' for little or nothing right now, they might be worth $billions a decade from now.
If we can get 'BRICS shares' for little or nothing right now, they might be worth $billions a decade from now.
I am listening to all the noise about the BRICS meeting in Ruzzia, which is basically what it is for in my opinion. But I would like to pose a question to the general forum. Let's say that you have a BRICS coin. This is composed of a basket of currencies of the following countries:
- Iran - Ruzzia - China - India - Brazil
Other minority countries. Now, someone offers you a gig for 2000 USD or... the equivalent in BRICSs coins. What would be your choice to get paid? Try to be honest.
- Iran - Ruzzia - China - India - Brazil
Other minority countries. Now, someone offers you a gig for 2000 USD or... the equivalent in BRICSs coins. What would be your choice to get paid? Try to be honest.
The real essence why the BRICS currency will exist will definitely be as a competing alternative currency to the finish. As dollar is already dominated across the world especially for international trades. Countries and citizens of have been kind of compelled to make use of the dollar. This is why coming up with the BRICS currency brought about an avenue for countries and individuals to enjoy the alternative currency of BRICS. In my opinion, if this new currency can come to light, it will bring about a monumental change in the financial system of the entire world.
It will also solve the problem of over reliance on the USD and create a path of financial freedom for countries who adopt it as a legal tender. With the BRICS currency, member states will experience a major stability within the forex. I wish my country will quickly run to embrace this development because member states can now have a direct trade and transaction without necessarily including those unnecessarily conversion fees.
If a BRICS' currency were created, I guess I wouldn't have any choice besides using it, since the goverment would enforce the adoption. But of course I wouldn't be in favour of this, just like I'm against creating a common currency for latin american countries (MERCOSUR). These attempts aren't based on common agreement, common objectives or cooperation between the citizens of these countries. Rather, they are just ideological decisions made by the rulers of those countries who don't have any compromise with the expectations, values and individual rights of their citizens.
I suspect a BRICS' currency would bring even more impoverishment and economical imbalances to our countries. Economical problems can be only solved with a change in the mindset of the population, in a sense they become more self-sustainable and less dependant on the government to survive.
I suspect a BRICS' currency would bring even more impoverishment and economical imbalances to our countries. Economical problems can be only solved with a change in the mindset of the population, in a sense they become more self-sustainable and less dependant on the government to survive.
It all depends on how useable the BRICS coin is or how well it is accepted. If I cannot
use it or trade it for Euro Its pretty much useless to me. But if it is a widely recognised
currency and someone wants to pay me in that I would take it just the same as I receive
payments in USD from time to time.
It just needs to be able at least to be traded into something else like Euro or Bitcoin.
use it or trade it for Euro Its pretty much useless to me. But if it is a widely recognised
currency and someone wants to pay me in that I would take it just the same as I receive
payments in USD from time to time.
It just needs to be able at least to be traded into something else like Euro or Bitcoin.
See, you are missing the point that for the BRICS new currency (which is still an hypothetical currency) to be a success it would be enough for it to be exchangeable for other coins, people within the sphere of BRICS and in associated States would need to feel comfortable enough with the issuing states so they could store that currency in the long term without any fear of it Lossing value. If people started to massively exchange their BRICS currency to Euros or Bitcoin then there would be a very high inflation and low demand for that currency in the market, leading to a complete failure.
Russia would be the most interested of the members for the world to start to appreciate such currency and store it, as they are suffering economically and they re having trouble when comes to selling their energy at competitive prices. If China was not helping Russia, the later would have already fallen into a nationwide economical crisis.
I am listening to all the noise about the BRICS meeting in Ruzzia, which is basically what it is for in my opinion. But I would like to pose a question to the general forum. Let's say that you have a BRICS coin. This is composed of a basket of currencies of the following countries:
- Iran - Ruzzia - China - India - Brazil
Other minority countries. Now, someone offers you a gig for 2000 USD or... the equivalent in BRICSs coins. What would be your choice to get paid? Try to be honest.
I'll choose probably the Chinese RMB/Yuan. I've got some relatives in there so that makes sense to me and why I am going to choose it. If they offer me some vacation in there and tour, then that's the pocket money that I'll be using for booking my trip and everything there. Is there no other choice like we can convert it quickly into any crypto that we prefer mostly, Bitcoin? - Iran - Ruzzia - China - India - Brazil
Other minority countries. Now, someone offers you a gig for 2000 USD or... the equivalent in BRICSs coins. What would be your choice to get paid? Try to be honest.
It all depends on how useable the BRICS coin is or how well it is accepted. If I cannot
use it or trade it for Euro Its pretty much useless to me. But if it is a widely recognised
currency and someone wants to pay me in that I would take it just the same as I receive
payments in USD from time to time.
It just needs to be able at least to be traded into something else like Euro or Bitcoin.
use it or trade it for Euro Its pretty much useless to me. But if it is a widely recognised
currency and someone wants to pay me in that I would take it just the same as I receive
payments in USD from time to time.
It just needs to be able at least to be traded into something else like Euro or Bitcoin.
Send you paycheck to Bitpay. Pass it from there to a company that issued you a Bitcoin debit card. Then it doesn't matter which currency you get paid in.
I am listening to all the noise about the BRICS meeting in Ruzzia, which is basically what it is for in my opinion. But I would like to pose a question to the general forum. Let's say that you have a BRICS coin. This is composed of a basket of currencies of the following countries:
- Iran - Ruzzia - China - India - Brazil
Other minority countries. Now, someone offers you a gig for 2000 USD or... the equivalent in BRICSs coins. What would be your choice to get paid? Try to be honest.
- Iran - Ruzzia - China - India - Brazil
Other minority countries. Now, someone offers you a gig for 2000 USD or... the equivalent in BRICSs coins. What would be your choice to get paid? Try to be honest.
Doesn't matter as I will trade it in for Bitcoin before the end of the day. But the temporary holdings before that happens should be in the most reliable (USD) or a a mix of minimally-reliable currencies. So.. China, India and Brazil. Not Iran and Russia because they are the geopolitical/economical equivalents of hobos living in cardboard boxes outside the train station.
For me it's not even a question. All this hype around BRICS is fun for me. I wouldn't even look at BRICS currencies. For example in my country it's popular to say ''wooden rubles'', implying that this currency is worthless. Yeah, China is a force, but besides them other BRCS currencies looks like a joke in fron of US Dollar.
Though, I actually would prefer EURO instead of USD.
Though, I actually would prefer EURO instead of USD.
It depends on what a person wants to do with his money. If it is simply to live, certainly the local currency is best. If it's an investment, there are a lot of things to consider.
Strange to tell that, but your post makes sense. But if you live in country with crazy inflation like Venezuela, local currency probably isn't best choice.It makes sense for dumBAss because he thinks that anything is better than the US system. He has attended a few too many "Free Men" meetings and is so far away from reality by now that is normal.
You always want to get paid in a coin that is not going to loose value and that is meant and treated to be stable and not subject to authoritarian governments that do not need to answer about what they do. It is about maintaining the purchasing power, so if you ask me, Euro, Pounds, USD are fine, but... I personally would say none of the above if it is money for saving, in that case either gold or bitcoin are the ones for me.
For me it's not even a question. All this hype around BRICS is fun for me. I wouldn't even look at BRICS currencies. For example in my country it's popular to say ''wooden rubles'', implying that this currency is worthless. Yeah, China is a force, but besides them other BRCS currencies looks like a joke in fron of US Dollar.
Though, I actually would prefer EURO instead of USD.
Though, I actually would prefer EURO instead of USD.
It depends on what a person wants to do with his money. If it is simply to live, certainly the local currency is best. If it's an investment, there are a lot of things to consider.
Strange to tell that, but your post makes sense. But if you live in country with crazy inflation like Venezuela, local currency probably isn't best choice.
It depends on what a person wants to do with his money. If it is simply to live, certainly the local currency is best. If it's an investment, there are a lot of things to consider.
Please note that you would not be able to choose ONE of those coins, you would get paid in a coin that is a basket of those coins and can be exchanged... nowhere for now, but let's assume in those countries only. This means that if you think the Yuan will be devaluated, so be it or if you think Iran's economy is not good... well, too bad, because is one of the currencies in the basket.
Many people here choose this over the USD, I wonder how many would they really do so if I offer to pay a real gig with those options.
Many people here choose this over the USD, I wonder how many would they really do so if I offer to pay a real gig with those options.
I am listening to all the noise about the BRICS meeting in Ruzzia, which is basically what it is for in my opinion. But I would like to pose a question to the general forum. Let's say that you have a BRICS coin. This is composed of a basket of currencies of the following countries:
- Iran - Ruzzia - China - India - Brazil
Other minority countries. Now, someone offers you a gig for 2000 USD or... the equivalent in BRICSs coins. What would be your choice to get paid? Try to be honest.
I'ld prefer just about any cryptocurrency in existence to either USD or BRICS money. But Other than that I'd wait to see what the inflation rate for BRICS money is for two to three years and then select the currency with the lower inflation rate.- Iran - Ruzzia - China - India - Brazil
Other minority countries. Now, someone offers you a gig for 2000 USD or... the equivalent in BRICSs coins. What would be your choice to get paid? Try to be honest.
Not nearly enough has been done to get cryptocurrency in the retail space. After that, people will widely prefer cryptocurrency and be offered cryptocurrency. That said, I'd prefer a cryptocurrency that advocates for specific human rights like freedom of speech and gun rights. Perhaps the crypto I really am passionate about has yet to be released. Monero and other privacy coins are of course by implication a freedom of speech coin.
sr. member
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The thing is that BRICS currency would not make value overnight and will take some time for the acceptation. So, at present time, I will go with USDT and probably some time later when we all will be seeing USD start only depreciating in value and BRICS only appreciating, making more sense to start taking preference to BRICS currency
I am listening to all the noise about the BRICS meeting in Ruzzia, which is basically what it is for in my opinion. But I would like to pose a question to the general forum. Let's say that you have a BRICS coin. This is composed of a basket of currencies of the following countries:
- Iran - Ruzzia - China - India - Brazil
Other minority countries. Now, someone offers you a gig for 2000 USD or... the equivalent in BRICSs coins. What would be your choice to get paid? Try to be honest.
China is one of the biggest trading partners of my country. So if I am a business owner who imports goods from China I will gladly accept the BRICS coin. But the dollar will be the most suitable currency because it is the most popular currency which is generally accepted by all. - Iran - Ruzzia - China - India - Brazil
Other minority countries. Now, someone offers you a gig for 2000 USD or... the equivalent in BRICSs coins. What would be your choice to get paid? Try to be honest.
However, I don't think it is right to compare dollars and the proposed BRICS currency. The dollar has been the dominant currency for a long time while the BRICS coin is a emerging currency. If you ask this question in the 19th and the beginning of the 20th century, I guess that almost everyone will choose the British Pound sterling because it was the dominant currency at that time. Maybe this question should be asked after two or more decades.
A decade could pass by and still we will see nothing like a unified currency by the member of the BRICS. There are still many economical and geopolitical problems within the members of BRICS which will prevent them from issuing their own currency which could try to defeat the US dollar in the international markets. For example, there contradicting monetary managements among the members of the block: China needs to continuously devaluate their national currency so their factories continue to be attractive for western companies to manufacture their products at a lower cost there, rather than doing in in their native countries, that means the BRICS currency would experiment constant devaluation. On the other hand, there are countries like Russia and Brazil which would prefer to keep the value of their national currencies as high as possible when compared to the US dollar.
How are they members of the block supposed to solve those macroeconomical differences so they can mint a new currency? They cannot in the short and mid term.
Too early to respond to a question like this. However, BRICS looks to be a One World currency that bypasses the Western banking CBDC system. And it is being implemented by the nations that are against the Western cabal.
Is this a good thing? It seems that the One World Government is taking over from a different direction... in ways not generally expected. Because of their greed, the Western banking system will be collapsed... only to arise out of the ashes in BRICS.
Nobody really thinks that the rulers of the Western banking cabal will not be installed as the rulers of BRICS. In fact, it is the stubbornness of the Western peoples wanting freedom that is causing the Western banking cabal to focus its strength elsewhere.
If Trump wins, it will probably be the last chance that God-fearing, average Westerners will have to make their peace with God, and to prepare to fight Satan, himself, coming up from the Abyss.
I am listening to all the noise about the BRICS meeting in Ruzzia, which is basically what it is for in my opinion. But I would like to pose a question to the general forum. Let's say that you have a BRICS coin. This is composed of a basket of currencies of the following countries:
- Iran - Ruzzia - China - India - Brazil
Other minority countries. Now, someone offers you a gig for 2000 USD or... the equivalent in BRICSs coins. What would be your choice to get paid? Try to be honest.
China is one of the biggest trading partners of my country. So if I am a business owner who imports goods from China I will gladly accept the BRICS coin. But the dollar will be the most suitable currency because it is the most popular currency which is generally accepted by all. - Iran - Ruzzia - China - India - Brazil
Other minority countries. Now, someone offers you a gig for 2000 USD or... the equivalent in BRICSs coins. What would be your choice to get paid? Try to be honest.
However, I don't think it is right to compare dollars and the proposed BRICS currency. The dollar has been the dominant currency for a long time while the BRICS coin is a emerging currency. If you ask this question in the 19th and the beginning of the 20th century, I guess that almost everyone will choose the British Pound sterling because it was the dominant currency at that time. Maybe this question should be asked after two or more decades.
Depends on where I live.
If I live in Europe or North America or any other EU/US ally, I will choose USD.
Other than that I will choose BRICS..
It's quite obvious that's what any individual in Europe or North America would do because the currency issue between the BRICS and the America is a geopolitical war and all countries that are allies of America wouldn't have any use with BRICS currency likewise those of the BRICS allies.If I live in Europe or North America or any other EU/US ally, I will choose USD.
Other than that I will choose BRICS..
As an African the BRICS currency would be my best bet cause frankly speaking the dollar hasn't done this part of the world economy any good that I can recall.
legendary
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I would imagine that in the scenario you are considering, we don't live anywhere where we can spend that kind of money, and it's for holding for a while. It depends, I could hold that amount in dollars for a while as a kind of hedge in case the dollar appreciates, but it's nothing that will change your life. And I don't know what the brics coin would be like but if it is based on a mix of the current ones I would trust it less than the dollar, so I think I would exchange it for local currency as soon as I could.
In my case, my country has a direct corder with Brazil and there are exchange haises which would allow me to get my local currency by giving Brazilian reals, so that would be my choice, the other currencies of the members of the BRICS are far way too exotic for me to easily access liquidity, unless I am willing to go through bureucratic waiting lines and declare my sourve of income each time I feel like swapping currencies.
Also, I think the worst choose of all of them would be the Chinese Yuan, because of all the artificial devaluation it has go through by the Communist Chinese Party, for long term savings it would not be ideal to hold a currency which is purposely degraded by its own government from time to time...
Also, I think the worst choose of all of them would be the Chinese Yuan, because of all the artificial devaluation it has go through by the Communist Chinese Party, for long term savings it would not be ideal to hold a currency which is purposely degraded by its own government from time to time...
Depends on where I live.
If I live in Europe or North America or any other EU/US ally, I will choose USD.
Other than that I will choose BRICS.
I see there's a higher possibility that other country to join BRICS than EU/US ally because many Eastern countries are supporting China.
If EU and US ban BRICS, BRICS might ban EU and US in near future.
If I live in Europe or North America or any other EU/US ally, I will choose USD.
Other than that I will choose BRICS.
I see there's a higher possibility that other country to join BRICS than EU/US ally because many Eastern countries are supporting China.
If EU and US ban BRICS, BRICS might ban EU and US in near future.
I am listening to all the noise about the BRICS meeting in Ruzzia, which is basically what it is for in my opinion. But I would like to pose a question to the general forum. Let's say that you have a BRICS coin. This is composed of a basket of currencies of the following countries:
- Iran - Ruzzia - China - India - Brazil
Other minority countries. Now, someone offers you a gig for 2000 USD or... the equivalent in BRICSs coins. What would be your choice to get paid? Try to be honest.
- Iran - Ruzzia - China - India - Brazil
Other minority countries. Now, someone offers you a gig for 2000 USD or... the equivalent in BRICSs coins. What would be your choice to get paid? Try to be honest.
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