They can create whatever digital currency they like, It won’t stop the 1000s of businesses leaving Russia, and it won’t stop the sanctions placed on them. They are in for a bumpy ride whatever they choose to do and eventually they will just end the war.
IF their goal is to remove Nazism from Ukraine then there are other ways to do it other than war.
I watched CAR citizen talking like it is there. Every 10 years there is rebellion and everything is destroyed. Then people try to rebuild, but after 10 years there is another rebellion.
Its even worse than Afganistan. Anyone who tries to invest there will be really disappointed. Its more about exploitation there now. They will take what they can and escape when the ground will burn under their feet.
I’m sick of leaders with this attitude.
These times, leaders are being elected on other values than long ago. Apparently being a good businessman means you have to be investigated and fined by the SEC. Also everyone who wants to get their saving from the safety of their savings account into the world of speculation these days expects extremely high returns. Some follow the strangest projects without any scrutiny;
Clearly this isn’t Bitcoin, but it has the same ‘professionals’ going on on how rare their virtual coin is and don’t mind showing it dropped 50% because “That’s the moment you need to grab! Your ONE opportunity! act fast, do not think it though!” scams are working very well in these social-economic circumstances.
Bitcoin is down -3.036,14 (9,84%) since last year! Oh noes!. Anyways, don’t worry, I predict it to be higher on 21st of June and 20th of July. Bitcoins Left to Be Mined 1,938,743.8 Isn’t it about time to make it go slower again? Because it’s a good day to start using much more electricity for exactly the same result.
Here is another ‘feel good’ article, below the effect on the price;
And here the moment of publication ;
Now lets read it :
“The difference between cryptocurrency and, say, Visa or Mastercard, is that a cryptocurrency is not now regulated by government and doesn’t need middlemen, and transactions rely on the internet, which means they can happen anywhere in the world.”
There, clearly a scam. Below they go on about the middlemen;
“South Africa–based Luno Exchange, established in 2013 and now boasting 1.5 million customers in over 40 countries worldwide, is the first to be based in Africa.”
“Others, particularly cryptocurrency-based remittance services, are popping up in various countries. These services include Abra, which operates in Malawi and Morocco, GeoPay in South Africa, BitMari in Zimbabwe and London-based Kobocoin, which was launched by Nigerian entrepreneur Felix Onyemechi Ugoji.”
Ok, so there are middlemen, how about it being regulated ;
“Safaricom’s policy is to suspend banking services for cryptocurrency firms that do not receive proper authorization from the CBK.”
“In 2015, the CBK published public warnings on the risks of cryptocurrencies. Specifically, the CBK emphasized that cryptocurrency is volatile and lacks specific regulation. For these reasons, the CBK advised the public to refrain from trading cryptocurrencies, including Bitcoin.”
The evil governments want to protect the customers, how dare they! You see why I have such a bad feeling when it comes to cryptocurrency? It’s just a tool for criminals.
Obviously, the people who have some amount of money are being ripped off, neo-colonialism.
I’m sorry but there is no such thing as easy money, it is 2022 and everyone should know that by now. Speaking honestly I’m surprised this fact isn’t taught more in schools. With this in mind people should be able to see what is on offer in the crypto industry does seem far fetched.
What the public has to understand is there are people who make a living from scams and they will use any possible way to scam you. Scammers know people want to make quick money and crypto is seen by many as a way of doing this.
Also, I am again surprised people get scammed in crypto. there are lots of great chat forums out there built exactly for this purpose, we have the likes of reddit and Quora where you can pose any question you like and you will get long winded and honest answers from people who know what they are talking about.
If someone is looking to invest in crypto, why not join the crypto group on these great forums first and educate themselves on it? The problem is largely people "I MUST MAKE MY PROFIT STRAIGHT AWAY WITH NO DELAY!! we have this attitude in many cases and this is what gets us into trouble. If we could just calm down for a moment and double, triple quadruple check everything would be ok.
I’m not that smart, why was I able to investigate and learn GPU mining/BTC for a good year before I invested a humble sum of money? Where is the issue in people doing things in a similar way to which I have?
I mean wow! the crypto scams some people have fallen for…in which reality would Barrack Obama, Elon Musk and Bill Gates log on to twitter and say “Send me 1 BTC and I’ll send you back 2”?
The country has so much potential, the people there seem nice and friendly and always smiling.
Sooner or later this fiat printed money system will collapse, how can people paying back debt and borrowing less be bad for the economy??
Hyperinflation! >>> Electricity prices go up! >>> The solution is BTC which requires stupid amounts of electricity.
So in the worst case, governments link money back to gold?
Either way, it looks extremely bad for the crypto.
Money doesnt collapse, economy collapses.
Economies collapse anyway, if you use money or not. Economy is not money.
And bitcoin using a lot of energy while energy is in bigger demand is not good for economy, what we can see would be stagflation. Even doesnt work for bitcoin, as you can see. Its a speculative asset, like shares in company with adress on twitter and that produces pink wojaks.
All we need is sustainability, and it will be painfull, with many things ruined and rebuilded, but money will survive, its basis of exchange and nobody ever found anything better for trade.
LOL and it doesn’t look bad for fiat money?
At least with BTC no one can print it as and when they please. This is a step in the right direction for currencies.
According to that video I posted, if it is true and accurate then we are in for problems. I’m sorry but if the dollar isn’t backed by anything then that is the issue, there’s only so many times they can print money, theres only so many IOU’s they can issue to other countries until the financial system collapses.
Watch the video brother it’s really interesting.
I think I replied to this before, and I checked again and it is still the same situation.
The “U.S. Federal Reserve” informs the the “Treasury Department’s Bureau of Engraving and Printing” how much they are allowed to print. Some are printed because bills do get damaged or replaced with new and better anti-forgery techniques.
Also, to create new bills, they aren’t created out of nothing (or trillions in electricity bills) but they purchases longer-term securities from the open market in order to increase the money supply to encourage lending and investment. Thus trying to increase the economical activities because there is a educated guess there is room for. Just printing money without an expanding economy does not work.
However when there is more money, intrest rates are lower and at a point where intrest rates are very low, well there is an issue. But just like the Chernobyl incident, adding Bitcoin in the reactor would not change anything at all no matter how much people keep on saying it.
BEWARE OF THE GHOST OF INFLATION!
Sure pal, as my money is worth less, electricity prices go up, what do you suggest I do? 
I go get the points they mention and maybe quantitative erasing should have more scrutiny.
But the system will not fall. Only reason will be that -what they do not mention- is that the economy fails due to international issues. If the US economy fails, it will start a ripple effect. More like a tsunami but since electricity at that time will probably be you on a bike with a dynamo I severely doubt a flawed system like BTC will take hold.
I do hope crypto keeps being profitable for you and get you out of a situation you might otherwise not easily get out of. So I have different logical and emotional standings on crypto. 
I just looked up the value of dollars in circulation over time, in 1997 there was a value of $458 Billion US dollars in circulation in 2020 there is a $2,040 billion value in us dollars circulating.
Also there were 18.6 billion us notes in circulation in 1997 and in 2020 there were 50.3 billion notes. how many notes will they have printed by 2040? 200 billion? I don’t think this can be sustained for much longer. So roughly every 23 years the amount of physical notes in circulation more than doubles? what will the value of the US dollar be then?
1 USD coin equals one Satoshi. Can you scroll back up and tell me who printed more?
Right now were talking about dollars, how many there are in the world, how it’s created and if the system will collapse.
No idea, depends on the state of the economy I guess. And it’s been bad a few years + expensive wars so currently very bad. But I cannot predict the future, if nothing in the political arena changes, it will be bad
After all your talking in these threads you’re saying you can’t see that we’re headed for problems with our current fiat system? So you’re happy to ignore the US printing over £1.5 trillion dollars in the space of 23 years?
And then you criticize BTC, which has a limit to the amount of the currency that will ever be created.
I’d like your honest opinion of US money printing, and I’d like your honest opinion of where it will lead the world if it continues.
