Russia Talks On Legalizing Cryptocurrency For International Trade
The Russian central bank has seemingly changed its directive on how to regulate cryptocurrencies, and is now working with Russia’s Ministry of Finance to legitimize its use for international payments. As a result, the country will reportedly be looking to legalize cross-border cryptocurrency payments in the near future.
https://dailycoin.com/russia-talks-on-legalizing-cryptocurrency-for-international-trade/
@JasonPLowery
US Space Force | MIT ’23 | US National Defense Fellow researching #Bitcoin Views Expressed are Strictly Mine, not DoD’s http://mutuallyassuredpreservation.com
The 2020s could be looked back upon as the decade where the whole world got a great lesson on why there’s no substitute for real, physical power (the kind you use to run your lights or the kind you use to prevent an invasion), and why you shouldn’t villainize power providers.
Ironically, Putin is using energy to impose physically prohibitive costs (measurable in watts) on the West b/c the West abused their centralized control authority over the USD ledger to denial-of-service attack Russia (51% attack).
We have now reached the “electric power projection” phase of Russia’s counter. They are making electricity very expensive and repricing their exports in #BTC
In other words, Putin is doing Proof-of-Work . . .
It’s almost like electric power is a demonstrably effective countermeasure for centralized abstract power hierarchies and systemic exploitation. Who would have thought?
Similarly, Ukraine is doing ‘proof of work’ on the battlefield to stop him from enslaving their nation
Exactly! Using kinetic power to impose unbounded, systemically exogenous, physically prohibitive cost
Now Russia is bridging for cross-chain liquidity with North Korea.
Bitcoin is not stagnant. Bitcoin moves slow, but is not stagnant.
There is Lightning Network, Taro, Nunchuck, TAPSIGNER, umbrel, joinmarket, wasabi, mining ASICS, power grid I/O, Sat streaming, BTCpay server, radios, gen purp authentication, silent payments, Fuji money, taproot, mini scripts, robosats, Fedimint etc.