3 ms·

I will refer you to my comment above. The BRICS currency does not have a "reserve" currency, and as such the Ruble is not a reserve currency. A more correct way

I will refer you to my comment above. The BRICS currency does not have a "reserve" currency, and as such the Ruble is not a reserve currency. A more correct way of thinking is of economic health of the Russian Federation and other member countries is used a "collateral" for the BRICS currency. The "economic health" is defined by algorithmically through a formula. You can find the formula in my comment above and of course in the article.

shmerl 2y ago
I'm not interested in the economic health of Russian Federation which is a fascist state with a maniac running it. That's why I'd say anyone sane should be against any projects like BRICS too.
- iluxonchik 2y ago
  Based on the discussion that we've had I'll assume that you don't have any actual criticisms regarding the value-propositions of the BRICS digital currency as a cryptocurrency on a public blockchain. Arguments in the form of "I dislike X, therefore everything associated with X is bad" are not very useful. I'll refrain from answering to any follow-ups, unless they pertain to the topic of the article. I will however, be glad to re-engage on queries related to the BRICS digital currency as a cryptocurrency on a public blockchain.
  - fuzzfactor 2y ago
    >actual criticisms regarding the value-propositions of the BRICS digital currency as a cryptocurrency Seems like an extra layer of non-value that could be leveraged by enthusiasts to more thoroughly extract any real value that may turn out to be underlying the currency itself to begin with, or any time into the future. To everyone elses' disadvantage. And then there's the really negative side. Currencies have been seeking shelter from time to time since for them in some ways the cold war never ended. Currency war has always been rumbling in the background, even as people did a worthwhile amount of disarmament. The Euro came along and there was reduced diversity of currencies to argue over. Now it's almost like some of the currencies are at each other's throats along with the political parties they are attached to or invested in. You can't separate the currencies and the politics that go along with it. And more politicians who are non-advanced by nature are wielding destructive power and triggering the need for re-armament. There goes non-war currency. As if it ever came home to roost.

shmerl 2y ago

I'm not interested in the economic health of Russian Federation which is a fascist state with a maniac running it. That's why I'd say anyone sane should be against any projects like BRICS too.

iluxonchik 2y ago
Based on the discussion that we've had I'll assume that you don't have any actual criticisms regarding the value-propositions of the BRICS digital currency as a cryptocurrency on a public blockchain. Arguments in the form of "I dislike X, therefore everything associated with X is bad" are not very useful. I'll refrain from answering to any follow-ups, unless they pertain to the topic of the article. I will however, be glad to re-engage on queries related to the BRICS digital currency as a cryptocurrency on a public blockchain.
- fuzzfactor 2y ago
  >actual criticisms regarding the value-propositions of the BRICS digital currency as a cryptocurrency Seems like an extra layer of non-value that could be leveraged by enthusiasts to more thoroughly extract any real value that may turn out to be underlying the currency itself to begin with, or any time into the future. To everyone elses' disadvantage. And then there's the really negative side. Currencies have been seeking shelter from time to time since for them in some ways the cold war never ended. Currency war has always been rumbling in the background, even as people did a worthwhile amount of disarmament. The Euro came along and there was reduced diversity of currencies to argue over. Now it's almost like some of the currencies are at each other's throats along with the political parties they are attached to or invested in. You can't separate the currencies and the politics that go along with it. And more politicians who are non-advanced by nature are wielding destructive power and triggering the need for re-armament. There goes non-war currency. As if it ever came home to roost.