Topic: Xi, Putin wants Bitcoin without wanting Bitcoin - page 4. (Read 792 times)

@Wind_FURY
I remember reading about a somewhat similar story concerning Russia and Iran a couple of years back, so I'm assuming that one didn't succeed and now they're trying to build version 2.0 with China in the picture! Let's assume for a second that they'd be using their own CBDCs ^{[or as you said, "Bitcoin without a Bitcoin"]} to trade with each other, I don't think that'll end with a different result since, at some point, one of them would probably want more control ^{[based on their true nature]} over the other one ^{[I don't think it's going to work in the long run]}.

• Quote from: https://news.cgtn.com/news/2019-09-16/Why-Russia-and-Iran-are-ditching-the-dollar-K1Sy3yeIak/index.html
  However, Russia and Iran are working together to ditch the dollar to weaken the effects of U.S. sanctions.
  
  The two are working to develop a new financial transfer system to replace the U.S.-controlled SWIFT. This system would circumvent third country sanctions, Russian presidential adviser for international affairs Yuri Ushakov told the media.
  
  "In order to protect bilateral trade and economic ties from third country sanctions, measures are taken on the expansion of direct payments, the use of national currencies, the improvement interactions between the Russian financial transfers system and the Iranian Sepam, as an alternative for payments to SWIFT," said Ushakov.

I remember how easy it was to convince uneducated masses of people that China is pro-Bitcoin, and that shows how much people actually understand the difference between Bitcoin and blockchain. In that case, I wouldn't blame China for anything - it's the fault of those who had no idea what the news meant.


Are you sure these other governments are waiting for the price of Bitcoin to rise even higher to start buying it for their national reserves? So just look at the views of the world's biggest governments on Bitcoin, from China, Russia, India, the UK, or the US - do you see anything positive? Countries that do not have their own national currency and that have no other choice are the most likely candidates to do something similar to El Salvador - the only problem is that they do not have a president or government like that country.

I bought a VPN for 30000 BTT just to find out Russia and China was out censored now. How do you think I feel about that? It was great fun bombing the yobit chat from Moscow ;-) Troll wise. Global village. See what I am saying is money is good when they are paid for. Expensive money costs more.

It won’t make any sense of you take it too literally. The point is they want censorship-resistance, and a build network-infrastructure that is not vulnerable to attacks from third parties. Are they describing something like Bitcoin? Yes they are. Plus if they truly try to build their “network”, they will fail. Bitcoin is already here, and ready.

I remember I asked you for a source about the 1 million poeple that died in US aerial bombardments, not about anything else, so you either cite that or not, don't try to weasel your way out of it after making such ridiculous claims. 


Yeah, an alliance that includes China and India, there is sooo much cooperation between those I can't hold my emotions and my tears thinking of the great things that will come from it. When I see that it has also have Pakistan in it alongside India I'm just perplexed it even works...oh wait, it doesn't, they don't even have a  trade agreement. It's an organization just as useless as BRICS, something they do to show they plan on thinking on a plan of doing something.


So you're telling me to search for the needle in 100 trucks of hay?
5000 poeple denounced their US citizenship compared to 22 million applications alone a year. Yeah, everyone is disgusted by the American dream, probably the ones that got their green card refused the most, that would explain a lot of things.


https://cbr.ru/press/event/?id=12526
This is not "the media" and it's nothing uncertain and doubtful about it.

There is a very big difference between a country's leadership and its people, culture, or traditions. The US and its people are not evil. But the US, its people, and its army was mislead to wage a war based on a lie of nuclear weapons aimed at destroying the United States. A war that took at least 7.000 lives of American soldiers in Iraq and Afghanistan. The Bush administration was made up of evil and power-hungry individuals that put the country at shame in my opinion. Even more embarrassment was caused by the presidency of the orange Dick... I mean Donald.

I despise my own country's government, but not my country and its people. And I have similar feelings for the past ones in America. This is now an off-topic discussion, so I am going to stop right here.

US has indeed colonized many countries around the world like Japan, South Korea, Vietnam,... but there are a lot of other countries in the world.
The Shanghai Cooperation Organization for example is a good indication of how the transition is taking place. SCO is the largest alliance in the world considering geography, population and economy. If you think they are all "enemies of US" then maybe you are also admitting that something is seriously wrong with the US!

It doesn't necessarily have to be replaced. They just abandon US dollar and use other means of payment.

Funny I never mentioned China and I don't know where you got enthusiasm from. It is just an observation based on things that have been happening. I hate China as much as the next fellow but my personal feelings is not changing the reality of how China has been growing economically and otherwise.

Well you gotta ask them and make sure to ask whether their lives have improved or not after the migration
You should also ask those of them who reverse migrate back to their countries about why they did it after reaching the "land of the free" LOL

FTFY

More like dejavu since the media has been reporting bitcoin ban from all kinds of countries including Russia for years.

Oh, what  surprise:
https://www.coindesk.com/business/2021/12/16/russian-central-bank-seeks-ban-on-crypto-investment-report/



https://cbr.ru/press/event/?id=12526


What a coincidence...
The miraculous "east" that stands against the evil US is also declaring bitcoin an enemy.
Is anyone actually surprised by this?

Russia and China can create a joint stablecoin or use the already created Chinese digitalized yuan for this. I don't see much of a problem with this. Given the attitude of the governments of these countries towards cryptocurrency, it is safe to say that they will not use bitcoin or other cryptocurrency for this purpose. However, such a problem exists for them, since international sanctions are imposed on both states.

Xi pump in 2019, do you remember it?

Bitcoin Jumps 12% as China's Xi Embraces Blockchain, Boosting Crypto Sentiment

How did they engage into Bitcoin and how did they try to manipulate market with national news like that are myth. We are not able to verify their interest in Bitcoin.

I don't think any government will ignore Bitcoin if they see it is store of asset and see chance to get rich for national reserve. Soon, after El Salvador, we will se other nations, from small to big loading up Bitcoin into their national reserves. It would be a very big game.

Apples and avengers figurines.
Let's compare the regimes, not the war when those same dictators were waging war between them with what can you compare that? If all those poeple are so angry at the US and NATO for the bombing why are they trying to enter Europe by the millions?
Also, can you please show some proof of the claim of 1 million! civilian deaths in the bombing by the US?
Because that number is higher than both Japanese and German causalities from bombing in all of ww2, let's not pull numbers out of our your know what!

Japan was nearly razed to the ground by the US, Korea was looking like a 3rd world country in 1960 yet look, both countries are better of than any in all of Asia. Maybe it's not so much about the failure of the US but the mentality of the poeple there?

Yeah, the US is evil, but miraculously, everyone flocks there, most companies that invest in bitcoin are from the US, it has the most ATMs, most nodes, most lighting nodes, and channels, the biggest share of hashrate, yet ...the US is evil.


All the changes have to come from the poeple to make a difference, there are simply some who can't be saved, how has Asia and parts of Europe recovered after far deadlier conflicts and others simply can't, even if they had no major war on the entire continent for a century?

But it's easier for them to point fingers at others.

Srsly, why would they want to put their trades on fully transparent ledger that can only handle a million transactions per day globally and is not controlled by either of them? What if they will need to reverse a transaction, or block transaction if a hacking incident occurs? I doubt they will ever even hold Bitcoin as a reserve asset, purely out of fear that the US has backdoors to it.

Except the fact that it's highly likely that they don't want something like Bitcoin. I mean, they wouldn't have power and control over Bitcoin so.. and let's not forget we're talking about China's overlord Xi Jinping here.

Of course it's not heaven on earth. It's awful living under a tyrant. But is it better now in the places where the regimes were overthrown by the Americans and 1 million civilians (at least) lost their lives in the bombings that led to those regime changes? Do you think it matters whether one losses their life by a tyrant or in the aftermath of a bombing that tears your home down? Think as a parent or a man who lost those closest to him.

The Bitcoin price is too volatile and a large portion of the BTC miners are now located in USA and Canada.
Not a great choice for both Russia and China.
I think that China and Russia want to dump the US dollar and create their own fiat payment system,which will be independent from the global(US dominated) fiat financial system.Crypto will not be considered as a real option by the both governments.More like the ruble will be tied to the yuan in a fixed currency rate.
The western world is too afraid to impose sanctions over China,because this might backfire into the western economies,which are relying on Chinese goods and many western corporations are doing business in China.

This is what I'm actually thinking. Maybe they are trying to create a new token that builds on there own Blockchain technology. I remember last year that China has already starting to research about Blockchain and trying to create there own coin that wll rival Bitcoin and Dollar. You can check the article below for the source and I strongly believe that is the cryptocurrency they pertains for the problem that they are discussing.


https://www.bloomberg.com/news/articles/2020-06-01/china-is-making-cryptocurrency-to-challenge-bitcoin-and-dollar

Wanting Bitcoin without Bitcoin, an interesting thought although of course it makes no sense. Bitcoin is a decentralized cryptocurrency, and if Russia and China want an independent financial infrastructure, then they will design a centralized financial product that will be 100% under their control, and it can never be anything like Bitcoin.

So isn't China a leader in the CBDC and the digital yuan has already become commonplace in that country? Let the Russians make their own CBDC and then let them trade with each other if they want to - no one is forcing them to use the US dollar or the euro.

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These people live under very cruel regimes (especially the Chinese), but US democracy in the way they usually deliver it would be nothing from which people in those countries would benefit significantly. Since 1990, trillions of dollars have been spent on various wars aimed at overthrowing tyrants and so-called terrorist states, and do people live better today in Iraq, Afghanistan, Syria, or Libya? The only right way to change in these countries is to come from within the people themselves, but this is an almost impossible mission at the moment.

They want their network to “be designed to be invulnerable to pressure from third parties”. Obviously they prefer censorship-resistance, and a financial infrastructure separate from SWIFT, which Bitcoin truly is waiting to serve them. But, they would never admit it, especially China.

I could say that you've misunderstood it. The infrastructure has to be independent from third parties and invulnerable for pressure by third parties.
They won't give up their control over the financial infrastructure to be, hence bitcoin doesn't fit this description.

By "east" you mean China and Russia as the other former enemies of the US in the east are welcoming them with open arms. The first US warships have been seen docking in Vietnamese ports, South Korea and Japan are US allies, who else in the "east" is shifting away from the US? India, Australia? Thailand? Every single country there is more concerned with China than with the US.
Ending the US dollar and replacing it with what, the yuan? Just lol.

I simply can't understand your enthusiasm here when the only true allies China has are ones that just like it have a grudge against everything that means freedom from bitcoin to everything!
Russia, Iran, and China, wonder why every citizen there wants to run away to the corrupt and pitiful US.  

As for the news itself, trade between Russia and China...
A gas station and a peddler desperate to sell merchandise are teaming together!
Russia represents for China 10% of the US market and when it comes to imports, not even half of Germany.
They are just making a propaganda movie, they know that their partnership is doomed, one needs buyers the other needs money.
Remember BRICS? The one alliance that was supposed to do...I forgot what, I only know they did shit!


Oh yeah, so good for the Chinese poeple that they are sheltered from the threats of democracy.
Must be heaven on earth there, wonder why millions are fleeing to the US and EU however they can.