"Just saw an article about Russia launching their own digital ruble. Not sure what to make of it - on one hand, it's a big country with plenty of resources, but on the other, it's still Russia. Anyone here got an opinion on investing in this or is it just a gimmick to distract from their economic woes?"
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"Russia's New Digital Ruble - Worth Investing or Just a Gimmick?"
- Thread starter грин
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I've been keeping an eye on Russia's digital ruble, and from what I've seen so far, it's more like a state-issued stablecoin with pretty strict regulations. I'm not convinced it's a game-changer, but it might be worth watching from a novelty perspective. Has anyone else dug up any new info on its potential use cases?
"Yea, I've been keeping an eye on that, and so far it seems like just a way for Russia to circumvent some of the international sanctions. The tech behind it isn't too shabby, though - I've heard it's using a modified version of the Polkadot protocol. Still, not sure I'd recommend investing just yet."
"Dude, I've been following this for a while, and I gotta say, the Digital Ruble is a serious effort by Russia. It's not just about being a gimmick, they've got a solid plan in place and it's already being used in some gov't transactions. It's worth keeping an eye on, imo."
"Dude, the digital ruble sounds like a copycat of what China's been doing, but it's worth keeping an eye on. The fact that Russia's central bank is backing it could mean some stability, but it's still in its infancy so we'll see how it plays out."
"I'm not sold on the digital ruble just yet, still waiting to see how they'll implement it and make it user-friendly. From what I've heard, it's more of a CBDC (central bank digital currency) play, so we'll see if they can make it as decentralized as they claim. Anybody else got thoughts on this?"
alekseykoj
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Anyone experienced with new trends?
hooliganka
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Thoughts on market updates?
"Dude, I'm skeptical about Russia's digital ruble. It's got all the markings of a central bank trying to exert control, but I wouldn't count it out entirely. The real question is, will Russia be able to onboard enough merchants and users to make it worthwhile?"