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Alex's avatar

Money is basically just an accounting journal entry in a computer. SWIFT is just a computer messaging system. What's more likely, Russia just ceases to exist as we now know it, or they set up their own SWIFT-like system (perhaps blockchain based) with China and neutral countries? India and Brazil, plus the Gulf states, seem to be staying out of this fight. Consider that even freaking ISIS was able to sell oil in the 2014s, completely illegally on the black market but still sold. Russian oil isn't going anywhere, and Russia will come up with a method for people to pay for it. SWIFT is giant shot to hit Russia with, but it is a shot that can only be fired once.

All of this is just an observation and analysis, not an endorsement of any faction.

tl;dr, expect more crypto and blockchain adoption.

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Morris Cody's avatar

Has never been a bigger advertisement for the need to self custody then now. I am making it a daily exercise to remember my seed phrase.

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