And because of this it makes whatever they fuck with have unnecessary security issues.

Also though they are using it to straight up spy on you whether foreign or not. They got in "trouble" for it once and pinky swore not to do it again.

Fuck the NSA

But all this is assuming they want to convert it into another currency at all, I was thinking why not just use it in that form for international trade although some of the other comments have explained the dollar amount equivalent wouldn't be able to exist right now due to mining limits.

But why not use a combination then of crypto, precious metals, and just straight up raw currency. I mean if chinas bank doesn't want to accept it they could just ship a container with money in it directly to them right?

I mean criminal enterprises move BILLIONS all the time without banks so I don't see how its so hard for two of the larger nations in the world.

Edit: I'm guessing the conversion into the Yuan would betheissue with sending them straight up cash huh?

See this was what I was really wondering. Some cryptp like Dogecoin and Monero have unlimited amounts that can be mined and while certainly not practical in my mind I was 100% thinking why not just mine a fuck ton of Doge or something and have it agreed upon that that is the international trade money.

I do see how converting it into a fiat currency would be problematic though but in that case wouldn't gold or silver also he able to be utilized?

The points do make sense. But I mean at that point why not just use the crypto solely for international trade with other parties going the same thing?

Especially using the one that can't be traced or tied back to any entity (Monero)

At that point it seems it would be trivial to convert into cash but also why would you have to if you could just use it between countries like that.

I mean I know people hatecrypto here but even they have to admit it seems like a better idea than getting no money through at all.

Lol well this depends on the crypto used and its hard to think that bank fees of any kind would be better than to just pay the fee to speed the transaction up.

Also, presumably they would use dummy wallets and not send amounts from their cold wallet with the full amount on it.

Idk, just seems like they deserve the trouble at this point if they can't utilize the ways around it.

Not flexing. Its a way to make decentralized payments.

Why would they not utilize it more? I saw that Russia said they would and then they just keep talking about banks not accepting the cash.

Eh, I would think that if they're under fire for being a monopoly any non monopolistic actions like funding their rivals will be pretty well received.

I always wondered about this and how all the ad blocking apps have complete access to every webpage you visit.

Also to add to this, its made a little weirder considering ad blocking makes you more susceptible to fingerprinting.

Arkansas has had problems like this for a long time.

My electric company here in the us mines bitcoin with it and charges us a "peak time incentive" pricing model.

Sometimes I wonder what it would have been like to be born somewhere like Finland.