>the people holding the bag saw their money find its way to the pockets of those who got rich
replyThis is the key issue. Crypto by itself created little to no actual additional value. Especially when it devolved into just another centralized currency with less government oversight. So the whole thing was a zero-sum game. People only got rich because they made others poor.
Why would Russia need crypto, when they can trade with China or buy through middle men in Dubai or similar places ?
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reply> Why would Russia need crypto, when they can trade with China or buy through middle men in Dubai or similar places ?
replyI'm not sure you understand how international sanctions work, particularly the scheme imposed on Russia.
For example, read up on Russia's rupee surplus
https://www.reuters.com/markets/currencies/india-russia-susp...