Cyber-Ruble
Blessing or Curse?
- As I read the news articles and tweets about the Russian Cyber-Ruble I am both excited, encouraged and worried.
- Why such differing emotions?
- I must admit I am encouraged by the adoption of cryptocurrency technology by such a large and influential country!
-But as @forexbrokr pointed out, the adoption of permissionless blockchains by a totalitarian regime is a irony.
-But in America we have a saying, Adversity makes for strange bed fellows.
- In general this saying means that adveristy can cause a union or partnership between two people, companies, entities or even countries which have little in common besides a singular priority interest.
- If you look at the partnership of Saudi Arabia and the United States, you wonder how a country led by a King and could be compatible with a country which is suppose to be the bastion of democracy? A single priority interest oil.
- As my dad use to say, when your a child you think aas a child, but when your adult you think as an adult, which meant to him that accomodations had to be made to secure the greater good or greater goal.
- As he saw it we need oil, we need stability and our union with Saudi Arabia secured that not just for America, a huge oil producer in it's own right, but for the rest of the world.
- Accomodations are sometimes needed to secure a comon goal.
Now back to Russia, and the opening of it's borders to cross border payments.
- I really think such an event would be met with much greater joy were it not for all the economic sanctions the world has against Russi right now, thus this crypto opening will be viewed as an attempt to use crypto to circumvent economic sanctions, and I for one won't argue that point.
- So I view the opening with gladness, but also sadness, because not only does it mean the use of cryptocurrency by a country many view unfavorably right now, but also it could encourage countries to pass laws unfavorable to cryptocurrency to thwart any attempts to skirt the sanctions.
- But if you think about it.. isn't this cryptocurrencies mission? That of freeing money from political influence and bias? I mean the truest things about Bitcoin are that no country can control it, and thus it can't be used as a weapon by anyone, and in theory it can't be manipulated by any country.
- This is where it gets tough to hold strong beliefs in Bitcoin and also gives us a chance to see what these principles really mean in real life.
It's time to remember why being aan adult is so hard, because there are very few absolute rights and absolute wrongs. - We need to think like an adult and contemplate accomodations, and where do we draw the lines between absolute right, and absolute wrong.
So on that note, what do you think about the Russian Digital Ruble?
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Perhaps the behaviour of the US and Russia in relation to Bitcoin it should make one reconsider notions of which country is a totalitarian regime and which country is a freedom loving democracy.
From where I sit (in neither camp), both countries repress freedom of speech and invade other countries (but one far more often and further away from its borders). Both pretend to be democracies, but bring bogus legal charges against political opposition.
But one is now clearly pro-crypto and the other clearly anti.
This is an interesting observation.
I must agree that the USA has not been acting like a freedom loving democracy as of late.
There appear to be some undemocratic actions taken against crypto businesses which should never happen in the Home of the Free and the Brave, as we learned as children singing the songs of the principles which made our country great.
It appears we must fight for these once assumed rights in the courts.
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Sometimes, we need to have events that can make an industry even stronger. But under a totalitarian regime, maybe is not the best alternative because they can always change the rules without no notice.
I agree that it is only by seeing how things are used in real life can we determine if the things we make are truly good. And we learn how the way we build things, and what allowances we make for others to change them, can corrupt our original purpose.
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