🚨 BRICS Developing Gold-Backed Stablecoin ‼️

Why It’s Interesting:

🖨️ -> 💵
Since the Bretton Woods Agreement, the US dollar is no longer backed by gold, allowing the US to significantly increase its monetary supply, resulting in well-known inflationary consequences.

🪙 🇺🇸 👩‍⚖️
This has led to a weakening dollar and diminishing global trust in it, creating opportunities for other countries to challenge its dominance in international trade, especially in primary energy and materials, outside of American jurisdiction.

🇧🇷 🇷🇺 🇨🇳 🇿🇦 •••
BRICS nations are moving towards creating a gold-backed stablecoin. Major Russian banks, including Sberbank, have already initiated steps in this direction. In December 2022, Sberbank launched a cryptocurrency stablecoin based on gold. Additionally, Russia has introduced “gold checking accounts,” enabling the transfer of digital grams of gold between accounts.

This concept combines the stability of gold with the liquidity of cryptocurrency, making it well-suited for trade. However, the practical use of such a gold-backed coin (GBC) for everyday transactions remains uncertain due to limited gold reserves and industrial demand for the metal.

Nevertheless, a GBC could serve as a stable, less volatile alternative to non-backed cryptocurrencies for international transactions and investments like countries bonds.

What do you think? Would you trust a gold-backed coin?

#BTC #Gold #stableBTC

Is $BTC Inflation Proof ? Let’s ask to M. Friedman !

Let’s begin with a quote from Milton Friedman: “Inflation is always and everywhere a monetary phenomenon. " 💵 💵 📉

Inflation occurs when money loses buying power. While politicians might attribute inflation to energy prices, wars, and other factors, the primary cause is often excessive money printing by central banks

=> 🏦 -> 🖨️ -> 💸 💸 💸 = 🥜.

This concept can be summarized by the quantity equation, or the equation of exchange: MV = Py, where:

• M is the money supply,
• V is the velocity of money,
• P is the price level (typically measured by the CPI),
• y is the real gross domestic product.

The equation shows that the price level (P) is directly proportional to the money supply (M). To maintain stable inflation, the production of goods and services (y) must keep pace with the money supply.

Bitcoin ($BTC ) is designed to be inflation-resistant. Its halving system reduces the rate at which new bitcoins are produced, mimicking the scarcity of gold. Unlike central banks, no entity can alter Bitcoin’s issuance rate. Additionally, Bitcoin’s supply can be lost or destroyed (e.g., through lost hard drives), further reducing the available quantity.

These factors suggest that Bitcoin’s buying power may increase over time, making it a potentially inflation-proof asset.

What do you think ? Would trust more $BTC to keep or the dollars 💵 to keep safe your capital ? 😉

#BTC☀ #Inflationrate #EconomicEvolution #LearnTogether

Why programming language matters in the blockchain ?

🐋 ~ Bitcoin ($BTC ) is written in C++, a highly performant language that, despite improvements with smart pointers, struggles with memory management.

🐳 ~ Ethereum ($ETH ) uses Solidity, a scripting language designed to facilitate development on the Ethereum Virtual Machine. However, this comes with performance costs.

🚀 ~ The Solana ($SOL ) ecosystem, on the other hand, is built with Rust. Rust offers the speed of C while providing superior memory safety. Additionally, Rust is the second most energy-efficient language*, making it highly relevant in a world prioritizing sustainability.

🌕~ In conclusion, Rust's combination of high performance, memory safety, and energy efficiency makes it an ideal choice for modern blockchain development, particularly in an era where environmental impact is increasingly significant.

*Source: [The New Stack](https://thenewstack.io/which-programming-languages-use-the-least-electricity/)

#BTC #Rust #Solana #altcoins

$BTC vs $ETH : What’s the Real Question?

From a fundamental economic perspective, value can be categorized into two types.

The first type of value is defined by scarcity, much like gold. People are willing to pay high prices for scarce resources. Bitcoin falls into this category, with its value intrinsically linked to its scarcity, reinforced by the halving system.

The second type of value is defined by utility. People are willing to pay more for tools that enhance efficiency and productivity. Ethereum ($ETH ) fits this category due to its functionality in enabling decentralized applications. However, newer alternatives like Solana ($SOL ) (offer more efficiency in terms of speed and options.

Thus, the essential question is: would you prefer to invest in scarcity or utility ?

#EconomicAlert #LearnTogether #altcoins #BTC☀

Will $BTC doom 📉 if a semiconductor crisis happen ? what could be the consequences on the crypto market ? Let’s develop a bit :

I won’t teach you that TSMC the biggest semiconductor maker ☝️. TSMC has security system in case of emergencies they can remotely destruct 💥 🖥️ the EUV machine* (the machines use to make semiconductor).

*source: https://www.tomshardware.com/tech-industry/tsmcs-euv-machines-are-equipped-with-a-remote-self-destruct-in-case-of-an-invasion

If they destroy them all, the tech market will dramatically doom ! Remember of GPU shortages during 😷 ?

It’ll be a joke 🃏 compared of what’s is coming. So if AMD,Intel,Nvidia has no GPU/CPU to sell the stock market of semiconductor will plunge… and there is a high correlation between the nasdaq and the $BTC **.

**source : https://www.nasdaq.com/articles/understanding-bitcoin-nasdaq-100-correlations

So the crypto market will plunge with off course a panic selling that gonna make it worst 😱

But …. In each crisis there is opportunities, it’s just our work to be calm enough to take it 💰 👀

Let me know your point of view in the comment section. Hope you enjoy and learn during the reading 📖.

#Silicon #StockExhange #GeopoliticalUncertainty