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RE: The Russian CryptoRuble and the future of currency wars
Im thinking most large countries will have a blockchain based e-currency of their own soon enough.
Im thinking most large countries will have a blockchain based e-currency of their own soon enough.
This is what the article says Russia seems to think too, so they're making the first move. It will be fascinating to see how it plays out.
I can't see how this couldn't bring huge disruption though. I'm convinced the entire stock market and financial system will move onto the blockchain, and that's the engine of wealth. As that's freed from the hands of manipulation by the big banks, it will spread the power out a lot and conflict will be the result.
Personally I still can't see any other eventual outcome than total decentralisation. In such a system it seems that is the equilibrium state, as all opposing forces cancel each other out.
Not sure if this helps our USA 'petrodollar' ..in fact no it doesn't! Cheers @adamantine!