It's Official: Saudi Arabia, Iran, Argentina, Egypt, Ethiopia and UAE will become full members of BRICS on January 1st 2024.
(twitter.com)
🤑 DOLLAR COLLAPSE 💥
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Gold, Silver, Bitcoin.
One of these is not like the others
Yep. Brics back by gold and silver. Not crypto.
Utility. Try bringing much silver and gold across a border or on a plane. (Crypto can be in your head - just remember a phrase). Try buying things w silver and gold. Don‘t get me wrong, I have all 3, more silver and gold. But counterfeit düsilver and gold is a BIG problem. Makes daily use near impossible (with new coins.) For store of value they are great, as is BTC and ETH. (Well, these two are getting there.)
If you watched brics meetings they already have a digital app used in India to move money so no need for crypto.
Second the idea of heavy money is so it's hard to steal and remains in a vault.
Crypto gets stolen from backdoors in wallets and is not secure.
Correct. Bitcoin is harder money than silver or gold.
Funny you're being downvoted so I'll add a counterweight but say this:
It has been an amusing ride watching cryptocurrency. Not only am I the age that should be extremely enthusiastic about it (~30) I have had great joy watching everyone call X/Y/Z cryptocurrency the future, only to watch it crash.
Bitcoin was artificially inflated and actually much easier to ban for the powers that be than, say, meat.
Revolution Populi, 100,000 transactions per second.
You were probably downvoted because someone else supported a different crypto than you or whatnot.
That seems to be how it goes with crypto.
You were down voted because other people understand that ALL Crypto seems to be directly tied to the Dollar....
And once the Dollar loses its Value, with it goes all the crypto tied to it....
If you bought Crypto with Dollars, its Tied....
Crypto and dollar dead. Long live Brics currency backed by gold and silver.