Exactly, and it won't be possible, at the very least not possible in the United States. People thinking it'll be possible to cash your crypto in and then get gold sent to you from Russia? Even if they actually send the gold, or try to, it'll be a financial institution within Russia and will be sanctioned by the United States, so that citizens can't do business with this Russian financial institution, and they will prevent gold shipments from landing in the United States. This crypto will be worthless, or even less than worthless when you try to exchange your crypto for gold and never get the gold.
people concerned with the value of the newly announced cryptoRuble are missing the point entirely. This is another big step in the world de-dollarizing. The days of USD as world reserve currency are numbered.
Well... it doesn't exist yet. But considering you can use crypto as it stands now to buy precious metal... I don't see any reason why a CryptoRuble couldn't be used to purchase/exchange for physical gold in the future.
Most of my metals now were purchased purely from Crypto gains. Why would this be any different?
Also bitcoin can't create more bitcoin unlike what the clowns in congress are doing to the dollar. Full faith and credit doesn't apply when people lose faith in your system.
Test what?
Exactly, and it won't be possible, at the very least not possible in the United States. People thinking it'll be possible to cash your crypto in and then get gold sent to you from Russia? Even if they actually send the gold, or try to, it'll be a financial institution within Russia and will be sanctioned by the United States, so that citizens can't do business with this Russian financial institution, and they will prevent gold shipments from landing in the United States. This crypto will be worthless, or even less than worthless when you try to exchange your crypto for gold and never get the gold.
people concerned with the value of the newly announced cryptoRuble are missing the point entirely. This is another big step in the world de-dollarizing. The days of USD as world reserve currency are numbered.
Well... it doesn't exist yet. But considering you can use crypto as it stands now to buy precious metal... I don't see any reason why a CryptoRuble couldn't be used to purchase/exchange for physical gold in the future.
Most of my metals now were purchased purely from Crypto gains. Why would this be any different?
Also bitcoin can't create more bitcoin unlike what the clowns in congress are doing to the dollar. Full faith and credit doesn't apply when people lose faith in your system.