this post was submitted on 15 Jun 2024
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the DPRK would disagree ๐
This, I'd say that the fact crypto has a clear role to play in subverting and undermining the west's totalitarian chokehold on trade and finance (particularly between nations) fully redeems it.
Not "fully". Maybe "somewhat" .
There's a political solution being discussed by the brics that involves currencies of multiple governments, and/or commodities, instead of burning energy for the sake of speculation.
https://thefinancialanalyst.net/2024/05/16/brics-eyes-the-unit-for-decentralized-finance-by-2025/ https://en.sputniknews.africa/20240513/1066527607.html https://www.nasdaq.com/articles/how-would-a-new-brics-currency-affect-the-us-dollar-updated-2024 https://www.reuters.com/markets/currencies/what-is-brics-currency-could-one-be-adopted-2023-08-23/
exept it doesnt, all crypto markets are almost entirely controlled not only by the west but by the exact same people and institutions that controlled similar thing before. crypto is completely and utterly useless except as vehicle for speculation, there does not exits a use case where better technologies didnt already exits.
lol iunno about that: https://www.reuters.com/technology/cybersecurity/north-korea-laundered-1475-mln-stolen-crypto-march-say-un-experts-2024-05-14/
even if thats true laundering money isnt a use case for the technology its a flaw in it. its not exactly cool when sex traffickers and the like do it, is it.