Title: Iran and Russia want to issue new stablecoin backed by gold Post by: Hydrogen on January 18, 2023, 11:51:03 PM Quote The potential stablecoin aims to enable cross-border transactions instead of fiat currencies like the U.S. dollar, the Russian ruble or the Iranian rial. The Central Bank of Iran is reportedly cooperating with the Russian government to jointly issue a new cryptocurrency backed by gold. According to the Russian news agency Vedomosti, Iran is working with Russia to create a “token of the Persian Gulf region” that would serve as a payment method in foreign trade. The token is projected to be issued in the form of a stablecoin backed by gold, according to Alexander Brazhnikov, executive director of the Russian Association of Crypto Industry and Blockchain. The stablecoin aims to enable cross-border transactions instead of fiat currencies like the United States dollar, the Russian ruble or the Iranian rial. The report notes that the potential cryptocurrency would operate in a special economic zone in Astrakhan, where Russia started to accept Iranian cargo shipments. Russian lawmaker Anton Tkachev, a member of the Committee on Information Policy, Information Technology and Communications, stressed that a joint stablecoin project would only be possible once the digital asset market is fully regulated in Russia. After multiple delays, the Russian lower house of parliament once again promised to start regulating crypto transactions in 2023. Iran and Russia are among the countries that banned their residents from using cryptocurrencies like Bitcoin BTCtickers down $20,921 and stablecoins like Tether (USDT) for payments. At the same time, Iran and Russia have been actively working to adopt crypto as a tool of foreign trade. In August 2022, Iran’s Industry, Mines and Trade Ministry approved the use of cryptocurrency for imports into the country amid ongoing international trade sanctions. The local government said the new measures would help Iran mitigate global trade sanctions. Iran subsequently placed its first international import order using $10 million worth of crypto. The Bank of Russia — historically opposed to using crypto as a payment method — agreed to allow crypto in foreign trade to mitigate the impact of international sanctions. The regulator has never clarified which cryptocurrencies would be used for such transactions though. https://cointelegraph.com/news/iran-and-russia-want-to-issue-new-stablecoin-backed-by-gold .... Iran and russia want to issue a stablecoin?! This world is becoming crazier by the day. I would guess their first kneejerk reaction was to simply use gold. Then they realized if they digitized it. They could simply move digital funds from one account to another account. Which is easier and more efficient than shipping heavy piles of gold across long distances. But then who would cover development costs of what could easily become a multi million dollar project? Then they realized, if they used free open source code from crypto projects, they wouldn't have to pay software development costs and would only need servers to run it and personnel to maintain it. So it seems that crypto and stablecoins may become a natural progression for corporations and nations of the world who are attempting to solve basic and fundamental problems of economy. Such as developing and deploying financial systems to facilitate transactions denominated in gold. Rather than starting from zero and building systems upwards to achieve basic and fundamental financial tasks. Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: jackg on January 19, 2023, 02:14:45 AM Sounds quite a lot like a desperate long shot though too... Why does Russia need to team up with someone to do this, are they doing THAT badly on their own? I thought they'd have a decent enough development firm for something like this at least, or is this more of a strengthening ties exercise (to which, maybe they don't need the currency anyway).
I thought there was already an Indian company that made digital gold in the past, is that not still a thing (but maybe India seem too neutral and a potential risk for now)? They probably can't use something too decentralised (like PoW) because it'd either be expensive to run or it would get attacked (it might just get attacked anyway, like Russian TV did regardless of how it's made). Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: Smartprofit on January 19, 2023, 02:26:45 AM Yes, such a project may well be implemented.
The Central Bank of Russia has accumulated a very large amount of gold bars. 9 months ago, the sale of gold bars in the Russian Federation was exempted from VAT. According to legislators, this should have led to the active purchase of gold bars by the Russian population from Russian commercial banks. However, the population of Russia did not begin to buy gold bars, but began to buy pasta and canned meat. In an economic crisis, this is a reasonable decision. Even taking into account the abolition of VAT, gold bars are a low-liquid and absolutely useless commodity in terms of consumption. As for cross-border settlements between Iran and Russia, the gold-backed cryptocurrency is, in my opinion, a pretty good solution. Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: Darker45 on January 19, 2023, 02:52:18 AM Sounds nice, but not really. At this point in time, verifiability has become the basis. Trust is certainly not enough.
Will there be a way for everyone to verify that the stablecoins are actually backed by gold? Apart from that, will there also be a way to verify that all the gold are real gold and not fake? Even China's gold reserves have fake ones. USDT is not owned by a powerful government and yet it has even managed to issue USD-pegged tokens without a 1:1 reserve. Who will audit Russia and Iran's gold-backed stablecoin? Or should I ask, which auditing firm has the iron balls to refuse a report saying the stablecoin is sufficiently backed by genuine gold even if it's not when KGB and GU and FSB agents are all over your office? Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: bittraffic on January 19, 2023, 03:02:58 AM There will be the need to audit the gold every now and then otherwise it will end up just like this current fiat system. Maybe they need the whole of Asia to have access to this gold reserve, not just Iran. Iran and part of the Middle East though have tons of gold. Russia will need more than this promise to back a stablecoin. China I think would be Russia's better half of this system because they were very aggressive in this multipolar system in which the west belongs to the West and the east to the East. Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: pooya87 on January 19, 2023, 07:05:05 AM I'm not sure how to feel about this news, the idiots in our central bank need to get off their printing machines and stop printing fiat to tank the national currency first before they start thinking about creating yet another centralized altcoin.
Quote Iran and Russia are among the countries that banned their residents from using cryptocurrencies like Bitcoin I don't know about Russia but this is not entirely true about Iran. Although bitcoin is not exactly regulated but it is also not banned in Iran.I would guess their first kneejerk reaction was to simply use gold. Then they realized if they digitized it. They could simply move digital funds from one account to another account. Which is easier and more efficient than shipping heavy piles of gold across long distances. Gold is actually being used for a lot of trades over the past 3-4 years at large quantities and over long distances (eg. a plane full of gold bars received from Venezuela for fuel and other stuff Iran sent).You are overthinking it though. It is just a trend going on all over the world where idiots in banks of all countries are pushing for CBDCs for different reasons. There are hundreds of them in development as we speak! https://cbdctracker.org/ Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: bullrun2024bro on January 19, 2023, 10:43:07 AM ~ As long as this initiative is driven forward by only two internationally relatively isolated states such as Russia and Iran, I can hardly imagine that other countries will join this project. Even if it certainly sounds attractive to some other states. Of course, it is not only Russia and Iran that are striving to replace the dominance of the US dollar, but whether a stablecoin of their own is the right way to weaken the dollar is highly doubtful, if you ask me. In addition to that, the question is of course how a stablecoin backed by gold is supposed to work at all. Other states would have to trust Russia and Iran that the gold stored in bank vaults somewhere in Moscow or Tehran would also be issued in case of doubt to support the stablecoin. So this project is about great trust in the issuers. And this is practically non-existent. After the bloody war that Russia is waging in Ukraine with the help of Iran ofc, I hardly believe that these two states still enjoy a high level of trust in the international community. To me, the whole idea sounds more like a desperate attempt to somehow replace the dollar. Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: stompix on January 19, 2023, 01:44:47 PM Sounds quite a lot like a desperate long shot though too... Why does Russia need to team up with someone to do this, are they doing THAT badly on their own? Because it's just for show, to show the world they still have a friend, the other pariah state of the world! The whole thing is hilarious, two of the least trustable countries in the world will think people will sue their coins just because they are signing a piece of paper guaranteeing the coin is backed by something! It's another of those publicity stunts just like every single of their revolutionary products that didn't last a month or never left the planning department! Sounds nice, but not really. At this point in time, verifiability has become the basis. Trust is certainly not enough. Will there be a way for everyone to verify that the stablecoins are actually backed by gold? Apart from that, will there also be a way to verify that all the gold are real gold and not fake? Even China's gold reserves have fake ones. And even if they prove they have the reserves, what does that mean? You have to trust them that they will sell that gold to prop up the currency and that they will buy more when they issue more, of the same value! The rial is not turning into toilet paper down because some magical fairy is angry with them, it's because they are printing more than they say, they are flooding the market with currency and faking the exchange rate with fixed ones and because the whole economy is going down in flames, the situation is so laughable that they are asking people to cut gas consumption and shutting down factories while claiming everything is fine Iran faces gas shortage despite vast reserves (https://www.dw.com/en/iran-faces-gas-shortage-despite-vast-reserves/a-64395365) Who in its sane mind would trust these guys with their gold-backed currency? Oh, yeah, there are some, the ones that invested in the petro, the other phenomenal oil-backed currency that didn't go anywhere! Russia will need more than this promise to back a stablecoin And more than a document like the Budapest Memorandum! Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: Ozero on January 19, 2023, 01:45:45 PM ~ As long as this initiative is driven forward by only two internationally relatively isolated states such as Russia and Iran, I can hardly imagine that other countries will join this project. Even if it certainly sounds attractive to some other states. Of course, it is not only Russia and Iran that are striving to replace the dominance of the US dollar, but whether a stablecoin of their own is the right way to weaken the dollar is highly doubtful, if you ask me. In addition to that, the question is of course how a stablecoin backed by gold is supposed to work at all. Other states would have to trust Russia and Iran that the gold stored in bank vaults somewhere in Moscow or Tehran would also be issued in case of doubt to support the stablecoin. So this project is about great trust in the issuers. And this is practically non-existent. After the bloody war that Russia is waging in Ukraine with the help of Iran ofc, I hardly believe that these two states still enjoy a high level of trust in the international community. To me, the whole idea sounds more like a desperate attempt to somehow replace the dollar. Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: coupable on January 19, 2023, 05:08:53 PM I doubt that circumventing the sanctions in this way will succeed if it is used only between the two countries to conduct exchanges between them. Companies in both countries are prohibited from using cryptocurrency as their respective legislation prohibits its use.
As I understood from the article, the stable currency will be used in foreign exchanges. But who is concerned with using it other than the two countries? Another important point is the gold reserves needed to create this currency, where will it be obtained from and who will be the authority responsible for developing and launching the currency? Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: Hispo on January 19, 2023, 05:27:40 PM Am I assuming this will be a case of a centralized token or something like that? Because I tried to find within the article any indication on what blockchain they plan to launch this token and I did not find anything.
Also, the way I see it, the success of this token would depend on the acceptation it would have in the markets and I doubt the United States and the European Union would allow any of their allies and businesses to accept this token as payment method. At best, it could become an standard in Russia, Iran, China and (if they are lucky) in their spheres of power (Venezuela, African countries, etc). However, China already is pushing their own CBDC... Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: hatshepsut93 on January 19, 2023, 05:37:07 PM So it seems that crypto and stablecoins may become a natural progression for corporations and nations of the world who are attempting to solve basic and fundamental problems of economy. Such as developing and deploying financial systems to facilitate transactions denominated in gold. Rather than starting from zero and building systems upwards to achieve basic and fundamental financial tasks. How to pay for something is usually the smallest of the problems. Even for Russian and Iran there are their own payment networks, Chinese payment networks, payment networks of other countries that are friendly to them. And the idea of a gold-backed currency to counter US dollar is not new. It's probably older than Bitcoin. It didn't have a lot of success - https://en.wikipedia.org/wiki/Modern_gold_dinar Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: pooya87 on January 19, 2023, 05:43:43 PM Because I tried to find within the article any indication on what blockchain they plan to launch this token and I did not find anything. These things are created to be centralized and in full control of the government/bank, they will never be built on top of another blockchain as a token. They will always use their own centralized and closed source software and ledger.I have heard rumors that the one Iran has developed called CryptoRial (which is another project probably unrelated to the one in OP) is using something called Hyperledger Fabric which some claim is shady as hell despite being open source because of the links those involved in the development have (I haven't fact checked this so take it with a grain of salt). Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: avikz on January 19, 2023, 06:13:26 PM Some wise man once Said - tokenization is the future! This is one prime example of tokenization. You don't need to move the physical gold, but still you can transfer the value. What else do you need? US lobby needs to be broken for a peaceful world. If it can't be broken, a new lobby should come up to challenge US dominance to maintain balance.
But even if Russia and Iran join hands to create such stablecoin, I don't think that will be made available to the commoners like us. So it will remain a strictly centralized currency system. Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: slapper on January 19, 2023, 06:14:00 PM Iran and Russia are considering gold-backed stablecoins, which is intriguing. As you noted, many similar blockchain ventures have failed, but a few have succeeded.
A gold-backed stablecoin may sound appealing, yet Bitcoin is often called digital gold. Decentralized, precious, and scarce, it resembles genuine gold. Why wouldn't Iran and Russia accept Bitcoin instead of inventing their own stablecoin? Instead of legalizing bitcoin and developing their own digital money system, they outlawed it to control the economy and its people. Creating a stablecoin, especially one tied to gold, is a massive undertaking. They must figure out how to make and maintain the stablecoin and demonstrate a clear relationship between gold and the new currency to gain public trust. Launching a new coin may raise legal and regulatory difficulties. Though I find this new discovery intriguing and wish to learn more about it, I doubt the general public will accept it. Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: dansus021 on January 20, 2023, 03:08:10 AM I believe this project China also included https://news.bitcoin.com/economists-discuss-russia-china-potentially-developing-gold-backed-currency-that-could-undermine-us-dollar/ " Economists Discuss Russia, China Potentially Developing Gold-Backed Currency That Could Undermine US Dollar"
but you guys must know right that back couple of a year ago that fiat is backed by gold ;D after recession high inflation pandemic etc maybe its time to change the fiat ;D ;D Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: jayce on January 20, 2023, 05:29:06 AM The relationship between Russia and Iran becomes stronger after The Ukraine's War, including in economic sector, where the Russian exports to Iran increased by 27%, and the imports 10% [1]. They are also figuring out the way to increase their economic cooperation by involving India to avoid sanctions from western countries [2]. Actually it's not surprising to see Russian and Iran working on some projects for their partnership, and this stablecoins is one of them. Russia have to maximize the relationship with current allies, and in the other hand, it's a good chance for Iran to get closer with a super power country. Regarding stablecoins, there are so many countries that have applied it already and are still initiating it, as you could see the list here (https://blog.stomarket.com/list-of-all-central-bank-digital-currency-and-stablecoin-initiatives-1bb6f6d61ea3)[3].
[1] https://financialtribune.com/articles/domestic-economy/116385/iran-russia-trade-at-4-billion [2] https://asia.nikkei.com/Politics/International-relations/Russia-and-Iran-eye-trade-route-with-India-to-bypass-sanctions [3] https://blog.stomarket.com/list-of-all-central-bank-digital-currency-and-stablecoin-initiatives-1bb6f6d61ea3 Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: Sithara007 on January 20, 2023, 05:35:50 AM For the last 2-3 decades or so, I am hearing about this. First it was fiat currencies backed by gold and now it is stablecoin backed by gold. Russia and China have realized that it is not possible to replace the US Dollar with any of the fiat currencies. Other fiats (CNY, EUR, GBP.etc) are in a much worse state when compared to the USD. So for now, gold is the only reliable alternative. But how reliable is gold? The total amount of gold mined out till now is somewhere between 180,000 and 200,000 tons. But there is a lot more gold in the earth's crust, and the only problem is that it is contained in deposits which makes no economic sense to extract. For example, ocean water contains 20 million tonnes of gold.
What will happen in future, in case technology advances to such a level, to make extraction of gold from ocean water economically viable? Or what will happen, if humans are able to travel to other planets or asteroids and mine gold from them? Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: Kakmakr on January 20, 2023, 05:42:30 AM The thing about Gold is this.....
Many countries have not done independent audits on their Gold reserves, so nobody actually know how much Gold they have. Let's take the Gold that are stored in Fort Knox in the USA.... The last inspection by Members of Congress was on September 23, 1974, since then... the federal authorities who control the US gold reserves at Ft. Knox ....refused a comprehensive audit to be conducted. There might as well be Gold painted bricks in those vaults, because nobody has tested it. ::) Bitcoin is very transparent.... and anyone can do an independent audit on the coins that are stored on the Blockchain. So, I will not trust anything that are hidden in a vault, with no guarantee that it exists. ::) Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: stompix on January 20, 2023, 06:00:03 AM The last inspection by Members of Congress was on September 23, 1974, Make that 2017 https://apnews.com/article/d0e1efce41bb42ba9cdf1f34dc3f7e5c There might as well be Gold painted bricks in those vaults, because nobody has tested it. ::) The same conspiracy theories that make no sense, all that gold stored at Fort Know would be around ~200 billion, just the classified U.S. Defense budget is at ~100 billion, and the US has just issued 1.5 trillion in free money, how hard would have been for them to actually print enough to buy that gold back if it had ever been spent? And why would they spend it in the first place when they can just print billions with ease? What else do you need? US lobby needs to be broken for a peaceful world. Yeah right, cause Russia is known for its history of peace and not for land-grabbing wars nearly every decade. I love how people on Bitcointalk throw all the shit possible at the US while ignoring that right now it's still the best place for development and the top spot in adoption, mining, batms, business accepting and people actually spending it, everything. But no, who cares about that? Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: Leviathan.007 on January 20, 2023, 10:35:58 AM These two countries are both under the hardest economic sanctions and there are many haters all over the world the hate these two governments because of their recent actions these two are not popular enough to reach many clients for their stablecoins even if they create something like that. However, every government and company can create their stablecoin but the most important thing is if people will accept and use these stablecoins or not. but still, there is a possibility for these two countries to create a stablecoin just for the trades they do together which can be odd.
Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: pooya87 on January 20, 2023, 11:03:46 AM Russia and China have realized that it is not possible to replace the US Dollar with any of the fiat currencies. Other fiats (CNY, EUR, GBP.etc) are in a much worse state when compared to the USD. I don't think it is impossible to replace USD considering that it has already happened for a considerable amount of trades between over a dozen different countries. But you are right, these fiat currencies are all bad not because of the shape they are in but because they suffer from the same exact flaw: "they have no cap". The reason why gold is being brought up is because it can place a cap on how much fiat they print. After all dollar was once supposed to be backed by gold and that was why it got to be international trade currency.Quote So for now, gold is the only reliable alternative. Some experts suggest other stuff like energy (including fossil fuels). We know that world will continue needing fossil fuels despite all the talk of green energies since they are used in a lot of products (they are not just for burning). For example a barrel of oil could be always 100 Ruble or a 100 Rial, etc.But unfortunately I don't see anybody paying attention to this, they just stick to gold which doesn't have the utility that energy has. Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: jayce on January 20, 2023, 03:11:58 PM These two countries are both under the hardest economic sanctions and there are many haters all over the world the hate these two governments because of their recent actions these two are not popular enough to reach many clients for their stablecoins even if they create something like that. However, every government and company can create their stablecoin but the most important thing is if people will accept and use these stablecoins or not. but still, there is a possibility for these two countries to create a stablecoin just for the trades they do together which can be odd. I dont think that's odd if the stablecoins later just used for their trades only, because they don't use USD as the payment tool currently, and beside that, each country preferred to use their own currency when doing trades. Gold is a good solution, but it's not efficient for big transaction, so instead they are creating that stablecoins.Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: TheGreatPython on January 21, 2023, 06:40:23 AM Am I assuming this will be a case of a centralized token or something like that? Because I tried to find within the article any indication on what blockchain they plan to launch this token and I did not find anything. You are right with your assumptions. No doubt that this was centralized, the same with the CBDC because it was the banks and the governments are the ones that issued them. This is different to the normal cryptos that coins can be issued on different networks or blockchains like ETH, Tron and SOL. They have a blockchain of their own.Also, the way I see it, the success of this token would depend on the acceptation it would have in the markets and I doubt the United States and the European Union would allow any of their allies and businesses to accept this token as payment method. At best, it could become an standard in Russia, Iran, China and (if they are lucky) in their spheres of power (Venezuela, African countries, etc). However, China already is pushing their own CBDC... But like any other crypto, indeed that it will only be successful if it will be adopted by a lot of people or countries. I don't know if what is the status of US and Europe to Iran and Russia but if they are in a war then it will not be adopted by them. China has their own CDBC but that one is different from this, as it is said that it was backed by gold. Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: Ozero on January 21, 2023, 10:06:32 AM But like any other crypto, indeed that it will only be successful if it will be adopted by a lot of people or countries. I don't know if what is the status of US and Europe to Iran and Russia but if they are in a war then it will not be adopted by them. China has their own CDBC but that one is different from this, as it is said that it was backed by gold. Now Russia is buying weapons to wage war in Ukraine in Iran, Belarus, North Korea and other countries. Relations between Russia and Belarus are special due to the actual occupation of it by Russia, but this stablecoin can be used with other indicated states. Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: Sithara007 on January 26, 2023, 04:28:46 AM Some experts suggest other stuff like energy (including fossil fuels). We know that world will continue needing fossil fuels despite all the talk of green energies since they are used in a lot of products (they are not just for burning). For example a barrel of oil could be always 100 Ruble or a 100 Rial, etc. But unfortunately I don't see anybody paying attention to this, they just stick to gold which doesn't have the utility that energy has. How is it even possible to use fossil fuels as currency? Storage itself is complicated and is expensive. Storing a barrel of crude oil for a month costs anywhere from $0.20 to $1.00. And crude oil hasn't proved effective against inflation. Check the prices we had in 2009-14 and now. Volatility is another concern. In case of gold, it is easier to store and has very low volatility. And although green energy has failed to replace fossil fuels so far, I have noticed a sharp increase in electric vehicles during the past few years. The replacement is picking up pace. Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: takuma sato on January 26, 2023, 05:16:34 AM I would rather have US dollars, included with the inflation, debt ceiling upcoming clusterfuck and so on, rather than trust Russia and Iran issuing IOU's over my so called gold backed stablecoin's ownership. Only someone that is deluded enough would trust these states over the US no matter how much you hate Russia. Same applies for China. I just tend to not trust countries where they make people disappear at Orwellian levels.
Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: NotATether on January 26, 2023, 11:01:25 AM Good luck with implementing that as they will have to interface with virtually every other cryptocurrency exchange in order to get it listed, and most of them are prohibited from operating in Russia in the first place so there will be practically nobody who will be able (or willing) to list it.
Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: Flexystar on January 26, 2023, 12:55:37 PM How funny it is that they are trying hard to mask the very existence of crypto currencies with the digital currency backed by this and that. It’s not just Iran or Russia but many other countries are trying to form their own digital coin and inject the same into their economy. Somehow it’s becoming the race as to who will be able to make it first successful economy through their nation. Do we really think they should be entertained?
Because no nation would have thought about the digital currency if Bitcoin would not have been into existence today. The current way of working would have been only banking. Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: kryptqnick on January 26, 2023, 12:58:01 PM Iran and Russia have been getting along due to Russia's war against Ukraine. Iran is an expert of living under heavy Western sanctions, and they manage to produce weapons which Russia can use. Russia's got money to pay, so it's a partnership. Avoiding sanctions together by making a special coin to rely on, which would be backed by gold, sounds like a reasonable project to explore. It can be mutually beneficial, so maybe they'll go forward with it, as long as they can figure out how they share control over the currency (and if they can figure it out). I'm not confident that they'll come to agreement, as they wouldn't want the currency to be decentralized, but also wouldn't want just one of the parties in charge. So it's a good idea in theory but probably difficult in practice, as stablecoins normally have one particular authority in control (one company, one central bank, etc.).
Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: karabiber on January 26, 2023, 07:01:02 PM Sounds quite a lot like a desperate long shot though too... Why does Russia need to team up with someone to do this, are they doing THAT badly on their own? I thought they'd have a decent enough development firm for something like this at least, or is this more of a strengthening ties exercise (to which, maybe they don't need the currency anyway). I thought there was already an Indian company that made digital gold in the past, is that not still a thing (but maybe India seem too neutral and a potential risk for now)? They probably can't use something too decentralised (like PoW) because it'd either be expensive to run or it would get attacked (it might just get attacked anyway, like Russian TV did regardless of how it's made). The reason why Russia does not do this job alone is the embargoes from the west. The same embargoes apply to Iran. Embargoes disrupt all international trade of these countries and these countries try every way to overcome the obstacles. I do not think that the stablecoin idea will give good results for countries, after all, they will not be able to trade with stablecoins, which they cannot do with fiat money. I don't think the West will allow trading with stablecoins. They only trade among themselves. Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: Synchronice on January 26, 2023, 07:56:30 PM Sounds quite a lot like a desperate long shot though too... Why does Russia need to team up with someone to do this, are they doing THAT badly on their own? I thought they'd have a decent enough development firm for something like this at least, or is this more of a strengthening ties exercise (to which, maybe they don't need the currency anyway). Of course Russia can do it on its own but usually when something is done between two countries, it's done by both of them and yeah, it also strengthens bonds between them. Also, Russia wants to show the world that it doesn't need the west and it can manage quite well with countries like Iran, India, China, etc. But I highly doubt that!Sounds nice, but not really. At this point in time, verifiability has become the basis. Trust is certainly not enough. And who cares? Who gives a shit? It will only be used between two countries, Russia and Iran. If they trust each-other, they can keep the business, otherwise, it's their issue. It would be beneficial for the world if their business relationship fails.Will there be a way for everyone to verify that the stablecoins are actually backed by gold? Apart from that, will there also be a way to verify that all the gold are real gold and not fake? Even China's gold reserves have fake ones. USDT is not owned by a powerful government and yet it has even managed to issue USD-pegged tokens without a 1:1 reserve. Who will audit Russia and Iran's gold-backed stablecoin? Or should I ask, which auditing firm has the iron balls to refuse a report saying the stablecoin is sufficiently backed by genuine gold even if it's not when KGB and GU and FSB agents are all over your office? This man (https://www.youtube.com/watch?v=o9A-u8EoWcI) has the biggest balls in Russia. Пoддepжy или пoддepживaю? Гoвopитe пpямo, Cepгeй Eвгeньeвич ;D Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: Sithara007 on January 27, 2023, 05:36:47 AM Of course Russia can do it on its own but usually when something is done between two countries, it's done by both of them and yeah, it also strengthens bonds between them. Also, Russia wants to show the world that it doesn't need the west and it can manage quite well with countries like Iran, India, China, etc. But I highly doubt that! Russia and Iran are countries with similar economic strengths. They are rich in petroleum and mineral resources. In order for this initiative be successful, they need the backing of countries which are consumers of these natural resources (China, EU, US, India, Japan.etc). India doesn't want to antagonize the Western bloc and EU/Japan/US are part of that bloc. So that leaves China as the sole superpower which can strengthen this initiative. Do they want to antagonize EU/US? They can do that, albeit with serious consequences. Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: pooya87 on January 27, 2023, 06:09:53 AM How is it even possible to use fossil fuels as currency? Storage itself is complicated and is expensive. Storing a barrel of crude oil for a month costs anywhere from $0.20 to $1.00. And crude oil hasn't proved effective against inflation. Check the prices we had in 2009-14 and now. Volatility is another concern. In case of gold, it is easier to store and has very low volatility. And although green energy has failed to replace fossil fuels so far, I have noticed a sharp increase in electric vehicles during the past few years. The replacement is picking up pace. Producers of fossil fuel would be the main countries that use them to back their currencies and they don't need storage space since it is already stored in natural storages underground, they just increase/decrease their extraction if they need to.As for the price, it is going to be challenging but the challenge is not specific to fossil fuels, any asset is going to have volatility and usage of fossil fuels this way could actually decrease their volatility significantly. As for replacement, I don't see them replaced in our lifetime even electric cars need electricity that is partly generated using fossil fuels not to mention that a huge number of products are being created from fossil fuels which can never be replaced. Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: Argoo on January 28, 2023, 07:41:12 AM Of course Russia can do it on its own but usually when something is done between two countries, it's done by both of them and yeah, it also strengthens bonds between them. Also, Russia wants to show the world that it doesn't need the west and it can manage quite well with countries like Iran, India, China, etc. But I highly doubt that! Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: Z390 on January 28, 2023, 08:22:27 AM It looks like competition to me, other countries never liked how it's always the dollar taking the lead, USD is very powerful and other powerful countries will always come up with something new that can over throne the US dollar, Russia always like standalone stuff I don't know why they decide to partner with another country on this one, something must be cooking behind the scene, and believe me, it's powerful.
Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: DrBeer on January 28, 2023, 12:37:06 PM A new crazy story from rogue / terrorist countries who once again want to "defeat the United States and nobody needs the dollar." At the same time, all such regimes keep their personal money in dollars :))))
The thing about Gold is this..... Many countries have not done independent audits on their Gold reserves, so nobody actually know how much Gold they have. Let's take the Gold that are stored in Fort Knox in the USA.... The last inspection by Members of Congress was on September 23, 1974, since then... the federal authorities who control the US gold reserves at Ft. Knox ....refused a comprehensive audit to be conducted. There might as well be Gold painted bricks in those vaults, because nobody has tested it. ::) Bitcoin is very transparent.... and anyone can do an independent audit on the coins that are stored on the Blockchain. So, I will not trust anything that are hidden in a vault, with no guarantee that it exists. ::) Here you understand what's going on. Digital currency - it is generally not backed by anything! A brick painted with gold paint has at least some value. And a digital currency is... nothing :) Transparency is certainly indicative, but no country will ever fully disclose its financial data, never !!!! Tell me, why, for example, Russia has classified the same since the summer of 2022, a lot of ordinary budget indicators? And do you believe that those who hide generally accepted indicators will use a "fully transparent monetary system"? Are you seriously ?! :) Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: DrBeer on January 28, 2023, 02:24:56 PM How is it even possible to use fossil fuels as currency? Storage itself is complicated and is expensive. Storing a barrel of crude oil for a month costs anywhere from $0.20 to $1.00. And crude oil hasn't proved effective against inflation. Check the prices we had in 2009-14 and now. Volatility is another concern. In case of gold, it is easier to store and has very low volatility. And although green energy has failed to replace fossil fuels so far, I have noticed a sharp increase in electric vehicles during the past few years. The replacement is picking up pace. Producers of fossil fuel would be the main countries that use them to back their currencies and they don't need storage space since it is already stored in natural storages underground, they just increase/decrease their extraction if they need to.As for the price, it is going to be challenging but the challenge is not specific to fossil fuels, any asset is going to have volatility and usage of fossil fuels this way could actually decrease their volatility significantly. As for replacement, I don't see them replaced in our lifetime even electric cars need electricity that is partly generated using fossil fuels not to mention that a huge number of products are being created from fossil fuels which can never be replaced. I see that about oil / gas production - you superficially know the topic you are writing about, as well as in many other things :) Let me explain - oil and gas is not a water supply system for you, where you can turn on or off the tap with water, thereby increasing, reducing or even stopping the water supply. For example, both reducing and increasing the "return" of a deposit is a technologically complex process. This is not to unscrew and tighten the valve. In addition, for example, in Russia, most of the fields have already passed the first and second stages of production (read what it is - it won’t hurt you for general development), and are at stage 3. And here is the most difficult thing, that it will be extremely difficult and EXPENSIVE for a technologically backward country implement and support. Let me explain. the "primary stage" is the extraction of only the "discovered" deposit. Natural mechanisms still work here, such as, for example, gravity drainage. The production factor at the initial stage, as a rule, does not exceed 15%. During further production, the pressure underground drops and becomes insufficient to further displace oil to the surface. This is where the "second stage" begins. It typically consists of delivering external energy to the reservoir by introducing liquids (eg water) or gases (eg air, carbon dioxide) to pressurize underground. The average recovery factor after primary and secondary operations usually does not exceed 45%. But it is not eternal either. And we are approaching the third, final stage of oil production. Which is carried out using different technologies. The first of these reduces the viscosity of oil by heating. Another one is the injection of gas into the reservoir (carbon dioxide). And the last method is the so-called “chemical flood” method. It consists in mixing dense, insoluble polymers with water and introducing them underground. Tertiary production makes it possible to achieve an additional 15% of the volume of oil from the field. So once again - most of the fields that are currently operating are either already at the third stage or are finishing the second. This has even been officially confirmed, you can read the reports of Rosneft and other production operators on production forecasts for the next 10-20 years. It talks about a noticeable drop in production due to the depletion of deposits. And the conservation of deposits, for the same Russia, is a technologically irreversible procedure. And insanely expensive. And further. Guess one of the reasons why Russia sells its oil and gas to China and India for a penny? I answer: because Russia has very small storage facilities! And after they are filled, the only way out will be either to burn the extracted raw materials, or to conserve the deposit! And this and that - pure losses, without the slightest chance of profit! :) And here, for example, in Ukraine - the largest gas storage facilities in Europe, without which the gas transmission network, which Russia actively used. True, before unleashing a terrorist war against Ukraine, and economic terror against the EU. So if there are no special problems for the Middle East, North American and other suppliers, then in Russia "everything is not clear." And given the sanctions and limited access to technology, the prospects are simply sad. no matter how hysterical propagandists are with fairy tales :) Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: Negotiation on January 28, 2023, 06:13:44 PM Iran and Russia are adopting this approach to strengthen their two countries. Russia and Iran will launch a cryptocurrency to replace the US dollar for payments and the value of this cryptocurrency called a stablecoin is less volatile in price than digital assets such as the US dollar or gold and will protect investors from large falls in the broader crypto market. Iran is also collaborating with Russia to create a Persian gulf token that will be used as a means of payment in international trade.
Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: paxmao on January 28, 2023, 11:45:50 PM Bullshit. Gold is the best asset backed by gold. I would not give a cent to anyone - much the less to the RF or Iranian governments - on crypto backed by gold. As simple as that, if you want gold there are plenty of financial instruments to acquire and transfer, crypto does not add anything. To be honest, the best asset backed by gold is having gold, physical gold, and not known by your government if you can.
Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: DrBeer on January 29, 2023, 10:46:56 AM Iran and Russia are adopting this approach to strengthen their two countries. Russia and Iran will launch a cryptocurrency to replace the US dollar for payments and the value of this cryptocurrency called a stablecoin is less volatile in price than digital assets such as the US dollar or gold and will protect investors from large falls in the broader crypto market. Iran is also collaborating with Russia to create a Persian gulf token that will be used as a means of payment in international trade. Are you serious now? Was it not humor? :) Please - explain what kind of stability and stable value does this asset have? Provided that both countries are under sanctions. With a fairly degraded economy, and a complete lack of prospects. Well, let Iran somehow hold on even more or less, but in Russia the economy, the army and everything else turned out to be a dummy and a fake! I'm sure the best name for their coin would be "Stable" Fake Coin :) Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: Argoo on January 29, 2023, 11:09:17 AM Iran is now the main military ally of the Russian Federation, both terrorist countries exchange military technologies and weapons, conduct joint military operations. In this regard, very interesting events took place there on the night of January 28-29. It became known about a number of powerful explosions in Iran. There was information that key military factories were attacked by drones. Also, more than five Iranian military bases were bombed, and there is even a chance that the infamous factory that produced the very "shaheeds" with which the invaders terrorize the Ukrainians was destroyed. Also, some media have spread information that Israel has launched a special military operation on the territory of Iran, but there is no official confirmation yet.
It is reported that numerous cities in Iran itself were under attack - Isfahan, where, among others, the objects of the nuclear program of the Iranian dictatorship, Tabriz, Rasht, Khoy, Hamadan, Keredzh and others are located. There were also attacks on government buildings in Tehran. A fire broke out at an oil refinery in the Shahid Salimi area. Military bases, weapons factories and oil refineries are on fire (air base in Hamadan, oil refineries in Tabriz and Azarshahri, an ammunition factory in Isfahan (a city 340 km south of the capital of Iran). These factories could also produce Shahed drones, one of the sites located at the Badr Air Base in Isfahan Province, Isfahan is also home to factories involved in Iran's nuclear program. Some Twitter users say the factory produces warheads for the Shahed kamikaze drones that Iran is supplying to Russia for attacks in Ukraine. Israel may be behind the numerous strikes on Iranian military facilities on the night of January 28-29. Israel's goal is allegedly the complete destruction of the Iranian military industry. At the same time, Israel has not officially commented on these assumptions. However, right now the Israeli army has begun bringing troops into the cities of Shechem and Beit Ummar (Judea and Samaria). The goal is to eliminate the infrastructure and manpower of local terrorist groups controlled by Iran. “Tonight we decided to attack terrorist organizations. Our response will be strong, fast and accurate. Whoever wants to harm us, we will harm him too,” Israeli Prime Minister Benjamin Netanyahu allegedly said. It is noteworthy that Iran, armed with the latest Russian air defense systems, was unable to repulse the attack. Opposition and protesters have become more active. Shooting began on the streets of Iranian cities, local media reported. In the city of Javanrud, rebels storm police stations and IRGC bases. Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: pooya87 on February 04, 2023, 03:12:07 PM It became known about a number of powerful explosions in Iran. You mean the magnitude 4.7 earthquake affecting Turkey, Iran, Armenia and Azerbaijan? lolIran's region includes Khoy, Tabriz, Rasht, etc. Also, more than five Iranian military bases were bombed, and there is even a chance that the infamous factory that produced the very "shaheeds" It is Shahed not Shaheed.It is also not manufactured in middle of a city of Isfahan. It also was one structure with civilians in it not 5 and it was a terrorist attack using tiny drones (Quadcopter) which interestingly Zelenskly got too excited about and showed support for the terrorists before finding out that it had failed (https://i.imgur.com/YOwDIK6.jpeg). It is really eye opening to know where Ukraine stands when it comes to terrorist organizations. It also gives Iran the internationally supported retaliation. The US bases in Syria were already bombed last week leaving it with 14 casualties, and the company building the Quadcopter is the next legitimate target alongside the terrorist organizations involved in the attack and those who showed support ;) Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: cabron on February 04, 2023, 06:22:02 PM Iran and Russia just linked their banking system according to Reuters. This is basically linking thier own messaging system. China and Russia have already linked thier MIR and UnionPay so this will enable them to work still amid the sanctions. If Saudis are going to join, they will really be unstoppable. It's still unsure how the stablecoin will work for them but it must be why central banks are buying up gold since. source https://www.reuters.com/business/finance/iran-russia-link-banking-systems-amid-western-sanction-2023-01-30/ Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: Moeda on February 04, 2023, 08:17:09 PM Iran and russia want to issue a stablecoin?! This world is becoming crazier by the day. Actually, all countries today cannot refuse digital developments, especially regarding crypto. They will try to go through stable coins, because it is very easy to control the value. However, the government will not accept existing blockchain systems, such as the Ethereum blockchain, BNB and others as a pathway for them to develop crypto stable coins. Because they are worried that one day it will be controlled by certain parties. Then the alternative is for them to develop their own blockchain to develop crypto.~ .... I think it's good, we also don't expect everyone to be on the blockchain that already exists today. With so many blockchains being developed, the competition will be even tougher, and they will compete to present the best. Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: The Sceptical Chymist on February 05, 2023, 03:11:51 AM Iran and russia want to issue a stablecoin?! This world is becoming crazier by the day. Yeah, good luck with that--and I don't know when this general insanity is going to end, but I keep telling myself that it has to one day.Digitizing gold has been done before, more than a decade ago if I'm not mistaken, and there was a company that got busted for not having enough physical gold to back the digital version....I wish I could remember the details, but I think it was right after the internet boom that went bust in April of 2000. I couldn't care less what Russia or Iran do as far as making a coin backed by gold; what's concerning to me is how a lot of countries seem to be co-opting the cryptocurrency revolution and in the process stray so fucking far from what crypto was supposed to be about in the first place. Hopefully people will understand that a CBDC is a much different beast than something like bitcoin. People here on the forum sure do, but I have my doubts about average folks who only know about crypto from what the media tells them. Ugh. The future has a dark, dark cloud hanging over its head. Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: DrBeer on February 05, 2023, 01:06:07 PM Iran and russia want to issue a stablecoin?! This world is becoming crazier by the day. Yeah, good luck with that--and I don't know when this general insanity is going to end, but I keep telling myself that it has to one day.Digitizing gold has been done before, more than a decade ago if I'm not mistaken, and there was a company that got busted for not having enough physical gold to back the digital version....I wish I could remember the details, but I think it was right after the internet boom that went bust in April of 2000. I couldn't care less what Russia or Iran do as far as making a coin backed by gold; what's concerning to me is how a lot of countries seem to be co-opting the cryptocurrency revolution and in the process stray so fucking far from what crypto was supposed to be about in the first place. Hopefully people will understand that a CBDC is a much different beast than something like bitcoin. People here on the forum sure do, but I have my doubts about average folks who only know about crypto from what the media tells them. Ugh. The future has a dark, dark cloud hanging over its head. Do not drive yourself into depression because of the attempts of two rogue states, terrorist states, to do something populist. It won't make any sense anyway, and the whole world will still laugh at them. Moreover, there are not many of these modes left in this world :) The war unleashed by Russian terrorists in Ukraine, this time rallied both Europe and the whole world. Ukraine has shown that such a huge monster as terrorist Russia can be resisted, answered, and won against this monster. You just need to unite, help and the colossus on shitty legs will collapse! Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: pooya87 on February 05, 2023, 03:28:20 PM It's still unsure how the stablecoin will work for them but it must be why central banks are buying up gold since. I sincerely hope they don't end up pushing this domestically because it has a high chance of failing and it is pointless anyways. But on the other hand if it is used internationally and if it is backed by gold and/or energy that would be fantastic. In that case it would have the potential to easily replace USD in international trades since that is exactly what dollar through SWIFT etc is, a CBDC that is not backed by anything except that this new one would be backed by a lot.However, the government will not accept existing blockchain systems, such as the Ethereum blockchain, BNB and others as a pathway for them to develop crypto stable coins. Because they are worried that one day it will be controlled by certain parties. Then the alternative is for them to develop their own blockchain to develop crypto. What's being created here seems to be stand alone but I wouldn't be so sure about governments always being so wise as to not use existing shitcoin chains. I've even heard about possibility of using Tether (aka one of the most centralized altcoins) even though it doesn't seem to have actually happened but it shows how little some governments know.Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: Andrija Branislav on February 05, 2023, 03:38:15 PM If you pay attention to the implicit message there, I mean Stablecoin is not intended to be used as an investment vehicle; instead, they are designed to be used like cash and to mitigate the extreme price volatility of cryptocurrencies. They also have other uses, including spending, transferring value, or redeeming it for goods and services.
Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: Dickiy on February 05, 2023, 05:36:29 PM Iran and Russia just linked their banking system according to Reuters. This is basically linking thier own messaging system. China and Russia have already linked thier MIR and UnionPay so this will enable them to work still amid the sanctions. If Saudis are going to join, they will really be unstoppable. It's still unsure how the stablecoin will work for them but it must be why central banks are buying up gold since. source https://www.reuters.com/business/finance/iran-russia-link-banking-systems-amid-western-sanction-2023-01-30/ Yes, even though we haven't been able to see how the Stablecoin they are developing works, but so far it's been pretty clear. Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: Captain Corporate on February 05, 2023, 05:51:17 PM Considering they are getting trouble on buying gold or basically just taking physical gold into the nation, its quite possible that these two could get a better life if they focus on making a good amount profit then it would be awesome for them. However, sanctions and all that will cause a lot of trouble and I am guessing that it will be pretty much something that will hurt them even more. I would definitely consider buying it just a bit to make sure I am involved but I think it will be quite tough to follow up later on and would like to see where it goes
Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: Fortify on February 05, 2023, 07:41:56 PM Iran and russia want to issue a stablecoin?! This world is becoming crazier by the day. I would guess their first kneejerk reaction was to simply use gold. Then they realized if they digitized it. They could simply move digital funds from one account to another account. Which is easier and more efficient than shipping heavy piles of gold across long distances. But then who would cover development costs of what could easily become a multi million dollar project? Then they realized, if they used free open source code from crypto projects, they wouldn't have to pay software development costs and would only need servers to run it and personnel to maintain it. So it seems that crypto and stablecoins may become a natural progression for corporations and nations of the world who are attempting to solve basic and fundamental problems of economy. Such as developing and deploying financial systems to facilitate transactions denominated in gold. Rather than starting from zero and building systems upwards to achieve basic and fundamental financial tasks. It's not crazy from their perspective. They've been cut off from world trade because anyone who trades with them is almost possibly going to incur the wrath of trade sanctions from some of the richest countries in the world. A multi million dollar cost is a pittance if it allowed them to open up a new trade route that could result in hundreds of millions, billions or ultimately trillions worth of trade. Unfortunately they both suffer from a huge deficit of trust, even between themselves, that bills will ultimately get settled or that their wider economy is well managed not to implode. That is the underlying problem that a cryptocurrency will not solve, the same incompetent people are still in charge and don't want to change. Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: pooya87 on February 08, 2023, 01:12:05 PM the internationally supported retaliation ... the company building the Quadcopter [drone] is the next legitimate target alongside the terrorist organizations involved in the attack and those who showed support By complete accident the Edge Autonomy factory (https://i.imgur.com/0jZ48uQ.jpg) in Latvia which is a US owned drone manufacturer that also exports to Ukraine blew up and is still burning. ;)Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: Gyfts on February 08, 2023, 06:54:45 PM Some experts suggest other stuff like energy (including fossil fuels). We know that world will continue needing fossil fuels despite all the talk of green energies since they are used in a lot of products (they are not just for burning). For example a barrel of oil could be always 100 Ruble or a 100 Rial, etc. But unfortunately I don't see anybody paying attention to this, they just stick to gold which doesn't have the utility that energy has. How is it even possible to use fossil fuels as currency? Storage itself is complicated and is expensive. Storing a barrel of crude oil for a month costs anywhere from $0.20 to $1.00. And crude oil hasn't proved effective against inflation. Check the prices we had in 2009-14 and now. Volatility is another concern. In case of gold, it is easier to store and has very low volatility. And although green energy has failed to replace fossil fuels so far, I have noticed a sharp increase in electric vehicles during the past few years. The replacement is picking up pace. You could theoretically have a stablecoin pegged to oil reserves. Of course, it'd be useless as all other stablecoins are because attempting to verify oil reserves is near impossible. Even in the case of gold, you're still required to entrust the issuer that they have liquidity. If the liquidity doesn't exist, the stablecoin collapses. Iran and Russia's stablecoin would be just as reliable as the Russian and Iranian government. For obvious reasons, they wouldn't be reliable at all because they're some of the most corrupt and unstable governments in the world. Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: darkangel11 on February 08, 2023, 07:18:29 PM I'd support such currency if it was launched by other countries.
the internationally supported retaliation ... the company building the Quadcopter [drone] is the next legitimate target alongside the terrorist organizations involved in the attack and those who showed support By complete accident the Edge Autonomy factory (https://i.imgur.com/0jZ48uQ.jpg) in Latvia which is a US owned drone manufacturer that also exports to Ukraine blew up and is still burning. ;)There were a few similar "accidents" in Russia too. There's even a wiki page for "mystery fires" that attacked Russian buildings in the last 12 months. https://en.wikipedia.org/wiki/2022%E2%80%932023_Russian_mystery_fires When Moskva blew up the innitial media reports were that "a fire broke out on the ship" ;D Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: o48o on February 08, 2023, 07:30:15 PM I guess that could technically work but that also signals to their people that they wouldn't have any trust on their own national Fiat currencies as they didn't choose cbdc road instead. And i think that they want to their citizens not to worry and believe their own currency is doing just fine.
And obviously they And even though they wouldn't need to comply with western regulations, they would need to comply with their own. And i have hard time believing that Russia and Iran would find any common ground with that. Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: lepbagong on February 09, 2023, 12:18:58 AM I guess that could technically work but that also signals to their people that they wouldn't have any trust on their own national Fiat currencies as they didn't choose cbdc road instead. And i think that they want to their citizens not to worry and believe their own currency is doing just fine. if you look at what Russia and Iran have done so far, I am as optimistic as you that they will be able to do that, but everything will be returned to them later.And obviously they And even though they wouldn't need to comply with western regulations, they would need to comply with their own. And i have hard time believing that Russia and Iran would find any common ground with that. because so far Russia itself is still struggling with regulations that have not been properly resolved regarding the digital market, of course this problem must be resolved and is there no problem in Iran itself? before unifying the perception between them. so the discourse can be done but it still has a long way to go. Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: Pejoh Asu on February 09, 2023, 04:49:03 AM After the success of Tether and stable coin, now there are more and more projects using the stable coin concept, but there are many stable coin projects that fail for various reasons, and if russia and iran officially make a stable coin project, of course it will be a good thing, official guarantee from the country will make users no longer hesitate to store assets in the coin stable.
Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: pooya87 on February 09, 2023, 05:16:52 AM There were a few similar "accidents" in Russia too. There's even a wiki page for "mystery fires" that attacked Russian buildings in the last 12 months. That's different though. Russia is at war with NATO which means such "incidents" are expected. However, Iran is nowhere in this war but they (mainly US) is desperately trying to pull Iran into this war which is why we saw the failed terrorist attack in Isfahan, Iran which out of nowhere Ukraine showed support for!https://en.wikipedia.org/wiki/2022%E2%80%932023_Russian_mystery_fires When Moskva blew up the innitial media reports were that "a fire broke out on the ship" ;D It won't work though because Iran eliminates threats at the source (US) not the proxy (Ukraine). This is also one of the reasons why the Western mainstream media keeps lying about Iranian missiles, etc. being used by Russia. Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: justdimin on February 09, 2023, 11:49:32 AM It's not crazy from their perspective. They've been cut off from world trade because anyone who trades with them is almost possibly going to incur the wrath of trade sanctions from some of the richest countries in the world. A multi million dollar cost is a pittance if it allowed them to open up a new trade route that could result in hundreds of millions, billions or ultimately trillions worth of trade. Unfortunately they both suffer from a huge deficit of trust, even between themselves, that bills will ultimately get settled or that their wider economy is well managed not to implode. That is the underlying problem that a cryptocurrency will not solve, the same incompetent people are still in charge and don't want to change. I agree that it is something that makes sense for them to build it, but that doesn't change the fact that it will become a trouble to use these stablecoins as well, if you are a company that can't deal with Russia or Iran because you are afraid of the sanctions, you can't start trading with them just because there is a stable coin neither, if it was a wrong thing to do or something you were afraid of doing, it will stay being something that you are afraid of and that won't change, it will be something that you will keep fearing anyway.That's at least something we should be aware of and that's why this shouldn't be created or even if it was, there shouldn't be much hope for it. Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: darkangel11 on February 09, 2023, 01:17:33 PM That's different though. Russia is at war with NATO which means such "incidents" are expected. However, Iran is nowhere in this war but they (mainly US) is desperately trying to pull Iran into this war which is why we saw the failed terrorist attack in Isfahan, Iran which out of nowhere Ukraine showed support for! It won't work though because Iran eliminates threats at the source (US) not the proxy (Ukraine). This is also one of the reasons why the Western mainstream media keeps lying about Iranian missiles, etc. being used by Russia. It's obvious that each country is trying to use this war to do it's own business. The US most likely blew up the Russian gas pipeline to cut Germany off and make them want to help Ukraine to end the conflict faster. Turkey is trying to punish Sweden by not allowing it to join NATO for its opposition against Turkish operation in Syria. Poland is sending military support to Ukraine and getting things like Abrams tanks and Patriot missiles in return. It's also using the conflict to build a steel fence at the border with Belarus, Trump style. In return, Belarus destroyed a Polish WWII memorial and sent soldiers to cut holes in Polish border fence. This is some hobo style retaliation tactic :D France was supplying Russian army in the earlier months of the war. You can see there's no honor in war, it's just a race to make more money and since the West is cutting Russia off they'll have to manage somehow. I expect them to try everything, including cryptocurrency adoption if the war lasts long enough. Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: DrBeer on February 09, 2023, 06:19:04 PM Dialogue has gone aside :) May I have a few simple questions?
1. Please tell me - can you name examples of closed systems, isolated, which are developing qualitatively? No, they don't just exist, but they develop? 2. What kind of gold backing can we talk about if both countries, to put it mildly, are not very honest? Who and how will control the reserves, the real reserves of gold? There is no need to cite the United States as an example - their dollar is backed by politics, the economy, the army, international status and many others. Many others - which Iran and Russia do not and will not have. 3. What kind of gold backing can we talk about if Russia has already begun to sell its gold reserves (gold and yuan) to secure its budget, which now, in January alone, has a budget deficit of almost 40% of the budgeted ANNUAL budget deficit? And the prospects for Russia are getting worse and worse every day. Iran's situation is not much better, although better than in Russia Now think about these FACTS, and describe your scenario for the development of this "project of Russia and Iran"? Only seriously and logically? :) Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: pooya87 on February 10, 2023, 01:20:56 PM Poland is sending military support to Ukraine and getting things like Abrams tanks and Patriot missiles in return. Something interesting I figured recently was that Europeans are donating their mostly outdated weapons to Ukraine and then buy the replacement mostly from US!Basically United States economy that has been falling apart was saved temporarily by introducing another Petrodollar (Weapondollar or maybe Armsdollar?) where US starts a proxy war at Europe's doorsteps then forces Europe to donate their weapons to that proxy war and then purchase new weapons at much higher prices than before (eg. Patriot missiles that went for $3-4 million is being sold up to $12 million!) from United States and save US economy this way!!! It becomes even more interesting when we learn that Petrodollar was also created to f**k Europe when the Europeans decided to dump US dollar when they found out they've been lied to (about it being backed by gold). That dump crashed the failing US economy back then too but it was saved by introducing Petrodollar or better say forcing it on EU and crashing EU economy instead. Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: o48o on February 12, 2023, 12:09:50 AM if you look at what Russia and Iran have done so far, I am as optimistic as you that they will be able to do that, but everything will be returned to them later. Now you completely lost me, what have they done so far except being terrorists who suppress minorities and free speech? And what is this "everything" you are talking about?because so far Russia itself is still struggling with regulations that have not been properly resolved regarding the digital market, of course this problem must be resolved and is there no problem in Iran itself? before unifying the perception between them. so the discourse can be done but it still has a long way to go. I really don't see a way for them handling this so it would work. Whole idea doesn't make much sense. It was probably an idea from their propaganda team that got way out of hand and released without thinking it trough. And now it's just on a top of a pile of other misinformation to spread confusion.Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: DrBeer on February 12, 2023, 09:18:27 AM Poland is sending military support to Ukraine and getting things like Abrams tanks and Patriot missiles in return. Something interesting I figured recently was that Europeans are donating their mostly outdated weapons to Ukraine and then buy the replacement mostly from US!Basically United States economy that has been falling apart was saved temporarily by introducing another Petrodollar (Weapondollar or maybe Armsdollar?) where US starts a proxy war at Europe's doorsteps then forces Europe to donate their weapons to that proxy war and then purchase new weapons at much higher prices than before (eg. Patriot missiles that went for $3-4 million is being sold up to $12 million!) from United States and save US economy this way!!! It becomes even more interesting when we learn that Petrodollar was also created to f**k Europe when the Europeans decided to dump US dollar when they found out they've been lied to (about it being backed by gold). That dump crashed the failing US economy back then too but it was saved by introducing Petrodollar or better say forcing it on EU and crashing EU economy instead. What fun to watch you! It feels like information is really bad in Iran, and it seems that Solovyov is broadcasting on Iranian channels 24x7 :))) So, I will bring you back to reality once again, from the delusional dream of Russian propaganda, and your favorite lies :) 1. The interceptor missile for the Patriot system costs about $4 million per projectile, and the launchers cost about $10 million each. Information - second half of 2022. Expectedly - you're lying, deliberately and primitively :) 2. Yes, for example, Poland, passing us the MIG31, T72, cartridges 7.62 and so on, the standard of the Soviet army, in return receives more modern weapons. Quite logical. In fact, what difference does it make with what weapon to destroy terrorists, the main thing is that they quickly deservedly go to hell :) 3. But you somehow bypassed, and deliberately hid the moment - military assistance to Ukraine, more than 90% is provided free of charge. Those. Ukraine, this weapon is NOT FOR SALE. It is being transferred, as part of a technical assistance program, to counter the Kremlin's terrorist regime. 4. But the Iranian terrorist government FOR MONEY sells strike UAVs to its partners in terrorism :) Do you feel how civilized democratic relations differ from the fuss of the outcasts of the world? :) Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: redsun114 on February 12, 2023, 09:38:01 PM There were a few similar "accidents" in Russia too. There's even a wiki page for "mystery fires" that attacked Russian buildings in the last 12 months. That's different though. Russia is at war with NATO which means such "incidents" are expected. However, Iran is nowhere in this war but they (mainly US) is desperately trying to pull Iran into this war which is why we saw the failed terrorist attack in Isfahan, Iran which out of nowhere Ukraine showed support for!https://en.wikipedia.org/wiki/2022%E2%80%932023_Russian_mystery_fires When Moskva blew up the innitial media reports were that "a fire broke out on the ship" ;D It won't work though because Iran eliminates threats at the source (US) not the proxy (Ukraine). This is also one of the reasons why the Western mainstream media keeps lying about Iranian missiles, etc. being used by Russia. Not like USA is without shortcomings, sometimes they put their own dictators in place as well, and then work with those to take natural resources out for cheap, but that doesn't change the fact that Iran is not guilty-free, you can see the recent revolution and rebellions as a proof that they are not that good of a government. Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: Argoo on February 13, 2023, 10:31:30 AM There were a few similar "accidents" in Russia too. There's even a wiki page for "mystery fires" that attacked Russian buildings in the last 12 months. That's different though. Russia is at war with NATO which means such "incidents" are expected. However, Iran is nowhere in this war but they (mainly US) is desperately trying to pull Iran into this war which is why we saw the failed terrorist attack in Isfahan, Iran which out of nowhere Ukraine showed support for!https://en.wikipedia.org/wiki/2022%E2%80%932023_Russian_mystery_fires When Moskva blew up the innitial media reports were that "a fire broke out on the ship" ;D It won't work though because Iran eliminates threats at the source (US) not the proxy (Ukraine). This is also one of the reasons why the Western mainstream media keeps lying about Iranian missiles, etc. being used by Russia. On the other hand, at the request of Russia, Iran is selling kamikaze drones to it, and there was also an agreement to supply Russia with ballistic missiles for the war in Ukraine. In addition, the British newspaper The Guardian reports, citing its sources in Iran, that Tehran sent a batch of long-range combat drones to Russia last year with the help of ships and aircraft of the Iranian state airline. According to the publication, this is not about Shahed kamikaze drones, which Russia uses to attack Ukrainian critical infrastructure, but about more sophisticated unmanned vehicles that allow missile strikes from a long distance. The publication says that in November 2022, a delegation of 10 Russian officers and engineers visited Tehran, where they were shown all the capabilities of Iran's military technologies. The Russians have chosen six Mujaher-6 drones, which have a range of about 200 kilometers and can carry two missiles under each wing, they have also shown interest in the Shahed-191 and Shahed-129 unmanned vehicles, which are capable of attacking ground targets. Unlike kamikaze drones, such devices must strike and return to base. At the same time, Iran sent a group of 54 engineers to Moscow to help the Russian military master drones. Therefore, if we talk about the fact that by supplying weapons to Ukraine, NATO is thereby fighting on the side of Ukraine, then we must admit that Iran is fighting on the side of Russia. Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: pooya87 on February 13, 2023, 11:06:17 AM I wouldn't say that they are "nowhere", Iran has a dictatorship, and USA is not at works with North Korea neither, and even fought Nazis, which means that USA generally do not like dictatorships, and as long as Iran stays as a dictatorship, and there are no free elections, they will keep on sanctioning Iran, same goes for Cuba and many other places like that. You should do some research before saying random stuff like this :)Iran used to have a dictatorship before 1979. A dictatorship that was backed by United States. Then there was a revolution that ended that US back dictatorship in February 1979 and replaced it by the Islamic Republic which is a democracy with "free elections". the internationally supported retaliation ... the company building the Quadcopter [drone] is the next legitimate target alongside the terrorist organizations involved in the attack and those who showed support By complete accident the Edge Autonomy factory (https://i.imgur.com/0jZ48uQ.jpg) in Latvia which is a US owned drone manufacturer that also exports to Ukraine blew up and is still burning. ;)Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: DrBeer on February 14, 2023, 08:44:44 AM It seems that Iran has decided to catch up with Russia, its partner in terrorism, in terms of world contempt and sanctions :)
Iran secretly supplied Russia with at least 18 Mojaher-6, Shahed-191 and Shahed-129 attack drones after Russian officials visited the country last November. Unlike the Shahed-131/136 kamikaze drones, these drones are used to launch missile strikes at ground targets and then return to base. This is how I understand this "sweet couple", and they will go to the bottom together. I'm sure even North Korea looks at them and thinks "What idiots!?" :) Although Iran has better prospects - the people will simply overthrow the anti-human regime and live a wonderful life! And Russia and Russians will bear responsibility for crimes against humanity for many generations to come (I am talking about all their crimes, not only for Ukraine) .... Therefore, if we talk about the fact that by supplying weapons to Ukraine, NATO is thereby fighting on the side of Ukraine, then we must admit that Iran is fighting on the side of Russia. 1. Screams that "Russia is at war with NATO in Ukraine" appeared on the lips of Moscow propagandists after the Russian group was defeated by the forces of the Armed Forces of Ukraine in the Kharkov region. The cowardly and vile regime had to urgently find a "logical" explanation of how the "second army of the world" of the world lost to the Armed Forces of Ukraine, about which Russian propaganda wrote back in March 2022 that Russia had completely destroyed them! :) Recognize the truth??? Noo! For the Russian authorities, the truth is that incense is for devils :) Therefore, a new narrative "we are at war with NATO" was thrown in the media ... 2. Concerning Iran. The list of terrorists, sponsors of the main terrorist is actually longer. Over the past half a year, Russia has straightened out at least some weapons on its knees and received in one volume or another: - Iran: UAVs/kamikaze drones - North Korea: shells for artillery systems and rocket launchers such as hail - Laos: they managed to beg tanks from them .. T-34! I'm sure Laos is joking so thinly over Russia :) - Belarus: Shells for artillery, cartridges for small arms - China sewed them clothes and supposedly bulletproof vests. But apparently it was produced in factories of the 70s and with the help of sledgehammers and saws from improvised means :) Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: Ozero on July 14, 2023, 07:35:34 AM There were a few similar "accidents" in Russia too. There's even a wiki page for "mystery fires" that attacked Russian buildings in the last 12 months. That's different though. Russia is at war with NATO which means such "incidents" are expected. However, Iran is nowhere in this war but they (mainly US) is desperately trying to pull Iran into this war which is why we saw the failed terrorist attack in Isfahan, Iran which out of nowhere Ukraine showed support for!https://en.wikipedia.org/wiki/2022%E2%80%932023_Russian_mystery_fires When Moskva blew up the innitial media reports were that "a fire broke out on the ship" ;D It won't work though because Iran eliminates threats at the source (US) not the proxy (Ukraine). This is also one of the reasons why the Western mainstream media keeps lying about Iranian missiles, etc. being used by Russia. Iran is not involved in Russia's war against Ukraine? Almost every day on the territory of Ukraine, Russia launches Iranian-made drones and Iran is not involved in this? In Tehran, it is justified by the fact that long before the war they handed over to Russia a small batch of drones. But hundreds, if not thousands, of them have already been launched across Ukraine, and transport planes from Iran regularly fly to Moscow. Recently, these drones have been transported by sea. Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: pooya87 on July 15, 2023, 03:32:17 PM Russia is suffering a military defeat in Ukraine, and in order to somehow mitigate such a shame for itself, they began to say that it is at war with NATO. But she is at war with the Ukrainians, who use the military assistance provided by NATO countries to Ukraine. In my opinion, it's not the same thing. And the Russian flagship of the Black Sea Fleet, the Moskva cruiser, was sunk by the Armed Forces of Ukraine with two Ukrainian-made Neptune missiles. And what does the NATO countries have to do with it then? Months ago when I said that there were very few who were saying it, today even the Americans are saying the same thing :D Even the US senators are saying "this is the best money they've spent and they will fight Russia to the last Ukrainian". Whether you admit it or not this has always been a fight between Russia and NATO or more specifically US dictating NATO aggression.Quote Iran is not involved in Russia's war against Ukraine? Almost every day on the territory of Ukraine, Russia launches Iranian-made drones and Iran is not involved in this? In Tehran, it is justified by the fact that long before the war they handed over to Russia a small batch of drones. But hundreds, if not thousands, of them have already been launched across Ukraine, and transport planes from Iran regularly fly to Moscow. Recently, these drones have been transported by sea. Why aren't you ever talking about the Iranian weapons used by Armed Forces of Ukraine? Oh, I know it doesn't go with the ongoing propaganda. Here is one example showing Iranian made Fadak anti-armor rockets used by Ukraine's Mi-17 helicopters.https://www.talkimg.com/images/2023/07/15/ZLIv5.jpeg https://www.talkimg.com/images/2023/07/15/ZLkw2.jpeg The fact is that Iran as one of the most advanced arms manufacturers have sold many defensive weapons to many countries including Europeans. Many of these weapons are resold to third parties like Ukraine and Russia. P.S. Those living in glass houses shouldn't throw stones. Next time you wanted to accuse others of selling weapons to Russia first think about Ukraine's cooperation with bloodthirsty invaders such as US in Afghanistan, Syria and Iraq over the past two decades or the large amount of arms Ukraine sold others like Saudi dictatorship regime to help their genocide in Yemen. To this day the carcass of Ukrainian Practika made armored vehicles like Kozak-5 can be found in Yemen as a reminder of the Ukraine's help in the genocide. Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: DrBeer on July 16, 2023, 07:25:24 AM The fact is that Iran as one of the most advanced arms manufacturers have sold many defensive weapons to many countries including Europeans. Many of these weapons are resold to third parties like Ukraine and Russia. P.S. Those living in glass houses shouldn't throw stones. Next time you wanted to accuse others of selling weapons to Russia first think about Ukraine's cooperation with bloodthirsty invaders such as US in Afghanistan, Syria and Iraq over the past two decades or the large amount of arms Ukraine sold others like Saudi dictatorship regime to help their genocide in Yemen. To this day the carcass of Ukrainian Practika made armored vehicles like Kozak-5 can be found in Yemen as a reminder of the Ukraine's help in the genocide. I don't understand what the problem is. :) You can destroy terrorists by any available methods and means. But to support terrorists is to be on their side. And this will be punished ! :) Regarding "bloodthirsty invaders such as the US in Afghanistan, Syria and Iraq" is a lie ! Those were civil conflicts where the local population asked the US to protect the Afghan-speaking, Syrian-speaking, and Iraqi-speaking populations from the Kabul, Damascus, and Baghdad juntas. In fact, do you have any proof that it was the U.S.? You can buy U.S. uniforms and weapons at any store. I am sure that it was just ordinary citizens of the above mentioned countries who rebelled, and you are trying to deceive everyone. Do you have proof? Please? I read one world politician and expert - he said it was a civil conflict and US was not there ! ;D ;D ;D Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: DrBeer on July 27, 2023, 12:41:51 PM Interesting news from the field of "friendly relations". Now Iran will understand what it means to be "friends with Russia" :)
While you are indulging yourself with fairy tales that two terrorist regimes can create something, for some reason the "darlings are fighting" :) A diplomatic scandal has erupted between Russia and Iran over islands in the Persian Gulf. Tehran demanded that Moscow reconsider its position on the ownership of the islands in the Strait of Hormuz claimed by Iran and the UAE. According to Iran International, Moscow, following a strategic dialog with the Cooperation Council for the Arab States of the Persian Gulf, supported the UAE's initiative to hold talks on the Abu Musa, Greater Tunb and Lesser Tunb islands. Iran considers them its integral part and refuses to dialog. Why is Iran squealing at Russia over some foreign islands that are ancestral to the UAE? It seems that not only currency will not be and strong marriage of terrorist regimes will not happen :) Russia needs to "sit on its ass": - licking and pleasing Iran to get drones for terrorist acts in Ukraine. - to please UAE to try to manipulate the oil market. So far the interest in oil is higher, "wipes his feet on Iran", by pleasing UAE :) PS "Foreign Ministry diplomats should not think that this episode will end with the summoning of the Russian ambassador. We need to thoroughly review our political relations with Russia and make Russian statesmen regret their betrayal of the Iranian people," the conservative Jomhouri Islami newspaper said in an editorial statement. The publication was formed after the 1979 revolution, with current Ayatollah Ali Khamenei as its director general, and until now the newspaper's publishers have been appointed directly by the ayatollah. Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: pooya87 on July 27, 2023, 03:15:39 PM Regarding "bloodthirsty invaders such as the US in Afghanistan, Syria and Iraq" is a lie ! Those were civil conflicts where the local population asked the US to protect the Afghan-speaking, Syrian-speaking, and Iraqi-speaking populations from the Kabul, Damascus, and Baghdad juntas. I love how you repeated the exact thing that Russia says about Ukraine. Maybe they were right and Ukrainians did request Russia to come to their rescue and denazify Ukraine ;DWhy is Iran squealing at Russia over some foreign islands that are ancestral to the UAE? That's even cuter than your previous jokes.The microscopic country called UAE was created in 1971 (that's 52 years ago) whereas these islands were part of Iran for the past 5000 years :D The term "ancestral" is not even defined for artificial countries that aren't even as old as the trees in my yard. If we start talking about history, UAE itself is part of Iranian soil that is under occupation and needs to be liberated... LOL Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: DrBeer on July 28, 2023, 03:27:39 PM Regarding "bloodthirsty invaders such as the US in Afghanistan, Syria and Iraq" is a lie ! Those were civil conflicts where the local population asked the US to protect the Afghan-speaking, Syrian-speaking, and Iraqi-speaking populations from the Kabul, Damascus, and Baghdad juntas. I love how you repeated the exact thing that Russia says about Ukraine. Maybe they were right and Ukrainians did request Russia to come to their rescue and denazify Ukraine ;DWhy is Iran squealing at Russia over some foreign islands that are ancestral to the UAE? That's even cuter than your previous jokes.The microscopic country called UAE was created in 1971 (that's 52 years ago) whereas these islands were part of Iran for the past 5000 years :D The term "ancestral" is not even defined for artificial countries that aren't even as old as the trees in my yard. If we start talking about history, UAE itself is part of Iranian soil that is under occupation and needs to be liberated... LOL I see - I thought for a very long time to think of something to say in response :) But here you have a bummer - do you have any evidence that anyone in Ukraine asked for any help? :) In short, here's a question for you, try to make up another ridiculous fairy tale :) About the UAE. Anyway, but it is because of this small country, even if it was created 50+ years ago, that Russia Wiped its feet off Iran - just live with it now ! :) Russia will cater to, praise and support whoever is more favorable to it. Iran is almost nothing to russia, just an accomplice in terrorism, nothing more, and UAE has oil :) Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: WatChe on July 28, 2023, 07:45:01 PM That's even cuter than your previous jokes. The microscopic country called UAE was created in 1971 (that's 52 years ago) whereas these islands were part of Iran for the past 5000 years :D The term "ancestral" is not even defined for artificial countries that aren't even as old as the trees in my yard. If we start talking about history, UAE itself is part of Iranian soil that is under occupation and needs to be liberated... LOL Iran and Gulf countries have long history of differences but recently KSA crown prince MBS took some initiative which will suppose to melt the ice between two parties. Iran recently reopened his embassy in Riyadh and earlier this year Iran president has received an invitation to visit KSA. Gulf countries are strong ally of USA while Iran sit in opposite camp. The position KSA and UAE has taken on Ukraine is against USA stance, so it is expected that KSA may shake hand with Iran also. Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: coupable on July 28, 2023, 09:47:12 PM Regarding "bloodthirsty invaders such as the US in Afghanistan, Syria and Iraq" is a lie ! Those were civil conflicts where the local population asked the US to protect the Afghan-speaking, Syrian-speaking, and Iraqi-speaking populations from the Kabul, Damascus, and Baghdad juntas. Do you really believe that America allocated budgets in the billions just to provide aid to those oppressed peoples? I do not want to believe that someone is so naive as to believe the allegations that the US administration made to justify the invasion of those countries.- America occupied Afghanistan after the events of September 11, 2001, despite the fact that Bin Laden (the first accused in those events) was not Afghan, nor did the Taliban movement have anything to do with those events, nor did the Afghan people have anything to do with those bombings, but unfortunately, he paid the price of those events in one of the worst tragedies in modern history. - America occupied Iraq under the pretext that Saddam possessed weapons of mass destruction, then it was proven that it did not have any weapons, not even the intention to develop weapons. More than two million Iraqis paid with their lives for these allegations. - America is partly intervening in Syria to protect its interests in the region, especially "Israel's security". This intervention has nothing to do with the suffering of the Syrian people. Why is Iran squealing at Russia over some foreign islands that are ancestral to the UAE? That's even cuter than your previous jokes.The microscopic country called UAE was created in 1971 (that's 52 years ago) whereas these islands were part of Iran for the past 5000 years :D The term "ancestral" is not even defined for artificial countries that aren't even as old as the trees in my yard. If we start talking about history, UAE itself is part of Iranian soil that is under occupation and needs to be liberated... LOL Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: el kaka22 on July 29, 2023, 04:19:23 AM As it has been stated before, this can't be done. I know that people think that if you do this and if you do that type of calculations and trying to find a way to make it happen. But it can't be, there are just way too many things that will hurt the plan, when there are so many reasons not to do something, then it's better not to do it.
If this was just one person, doing something they shouldn't do because there are so many reasons why it would fail, you would chulk it up to experience if they fail and move on. But this is two huge nations, so if they fail, it's not going to be just experience, it's going to be full on terrible life for all people living there. I would highly suggest that it should be considered a way too risky move. Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: DrBeer on July 29, 2023, 07:17:18 AM Regarding "bloodthirsty invaders such as the US in Afghanistan, Syria and Iraq" is a lie ! Those were civil conflicts where the local population asked the US to protect the Afghan-speaking, Syrian-speaking, and Iraqi-speaking populations from the Kabul, Damascus, and Baghdad juntas. Do you really believe that America allocated budgets in the billions just to provide aid to those oppressed peoples? I do not want to believe that someone is so naive as to believe the allegations that the US administration made to justify the invasion of those countries.- America occupied Afghanistan after the events of September 11, 2001, despite the fact that Bin Laden (the first accused in those events) was not Afghan, nor did the Taliban movement have anything to do with those events, nor did the Afghan people have anything to do with those bombings, but unfortunately, he paid the price of those events in one of the worst tragedies in modern history. - America occupied Iraq under the pretext that Saddam possessed weapons of mass destruction, then it was proven that it did not have any weapons, not even the intention to develop weapons. More than two million Iraqis paid with their lives for these allegations. - America is partly intervening in Syria to protect its interests in the region, especially "Israel's security". This intervention has nothing to do with the suffering of the Syrian people. Why is Iran squealing at Russia over some foreign islands that are ancestral to the UAE? That's even cuter than your previous jokes.The microscopic country called UAE was created in 1971 (that's 52 years ago) whereas these islands were part of Iran for the past 5000 years :D The term "ancestral" is not even defined for artificial countries that aren't even as old as the trees in my yard. If we start talking about history, UAE itself is part of Iranian soil that is under occupation and needs to be liberated... LOL Okay, no offense :) I just started to answer pooya87, in the style of pooya87's favorite Moscow propagandists, that's all for nothing ! :) And it suits him to justify Russian terror against Ukraine and the whole world, even in the presence of dissonance. A boomerang effect ! And tell me - do you think that Russia is a terrorist country and occupied Ukraine? And do you also think that Russia is terrorizing the whole world right now, from grain sabotage. to trying to start a new, full-blown world war? This is a test question - how honest are you in assessing the situation and not two-faced.... Regarding pooya87's answer about UAE - it is not a joke, it is his position - he has to justify himself somehow, so any variants are acceptable. This is a "natural" position of any lovers of totalitarian and lying regimes. The Kremlin regime and lovers of Rashism behave the same way :) Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: Kakmakr on July 29, 2023, 07:44:07 AM Russia will do anything in their power to stick it to the West..... because they are suffering from the same trade sanctions. The Russian oligarchs also need a way to shift money into "safe havens" that are stable and unstoppable by sanctions.
They also want something that can increase in value.... not like the US Dollar and other Fiat currencies that are losing it's buying power due to inflation and hyper inflation in times of War. ::) Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: pooya87 on July 30, 2023, 12:58:44 PM ~ Saudi dictatorship and the artificially created micro-countries like UAE, Qatar, etc needed United States for existing. Otherwise you can't just brutally murder a Washington Post journalist in broad daylight or even attack and destroy 2 trade centers in US and still continue "existing"!Iran and Gulf countries have long history of differences but recently KSA crown prince MBS took some initiative which will suppose to melt the ice between two parties. Iran recently reopened his embassy in Riyadh and earlier this year Iran president has received an invitation to visit KSA. Gulf countries are strong ally of USA while Iran sit in opposite camp. The position KSA and UAE has taken on Ukraine is against USA stance, so it is expected that KSA may shake hand with Iran also. Now the thing is, US is getting weaker every day and they realize this. Which is why they are trying to distance themselves from US like rats fleeing a sinking ship. The fact that they are extending a hand toward Iran is just them realizing the super power in the region but also many believe that they may be buying time hoping US would recover so that they can go back to doing what they were doing before, because in short neither Iran (nor other countries like China which they are also getting close to) would stay silent about their atrocities. Regarding "bloodthirsty invaders such as the US in Afghanistan, Syria and Iraq" is a lie ! Those were civil conflicts where the local population asked the US to protect the Afghan-speaking, Syrian-speaking, and Iraqi-speaking populations from the Kabul, Damascus, and Baghdad juntas. Do you really believe that America allocated budgets in the billions just to provide aid to those oppressed peoples? I do not want to believe that someone is so naive as to believe the allegations that the US administration made to justify the invasion of those countries.Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: coupable on July 30, 2023, 04:46:18 PM Regarding "bloodthirsty invaders such as the US in Afghanistan, Syria and Iraq" is a lie ! Those were civil conflicts where the local population asked the US to protect the Afghan-speaking, Syrian-speaking, and Iraqi-speaking populations from the Kabul, Damascus, and Baghdad juntas. Do you really believe that America allocated budgets in the billions just to provide aid to those oppressed peoples? I do not want to believe that someone is so naive as to believe the allegations that the US administration made to justify the invasion of those countries.- America occupied Afghanistan after the events of September 11, 2001, despite the fact that Bin Laden (the first accused in those events) was not Afghan, nor did the Taliban movement have anything to do with those events, nor did the Afghan people have anything to do with those bombings, but unfortunately, he paid the price of those events in one of the worst tragedies in modern history. - America occupied Iraq under the pretext that Saddam possessed weapons of mass destruction, then it was proven that it did not have any weapons, not even the intention to develop weapons. More than two million Iraqis paid with their lives for these allegations. - America is partly intervening in Syria to protect its interests in the region, especially "Israel's security". This intervention has nothing to do with the suffering of the Syrian people. Why is Iran squealing at Russia over some foreign islands that are ancestral to the UAE? That's even cuter than your previous jokes.The microscopic country called UAE was created in 1971 (that's 52 years ago) whereas these islands were part of Iran for the past 5000 years :D The term "ancestral" is not even defined for artificial countries that aren't even as old as the trees in my yard. If we start talking about history, UAE itself is part of Iranian soil that is under occupation and needs to be liberated... LOL Okay, no offense :) I just started to answer pooya87, in the style of pooya87's favorite Moscow propagandists, that's all for nothing ! :) And it suits him to justify Russian terror against Ukraine and the whole world, even in the presence of dissonance. A boomerang effect ! And tell me - do you think that Russia is a terrorist country and occupied Ukraine? And do you also think that Russia is terrorizing the whole world right now, from grain sabotage. to trying to start a new, full-blown world war? This is a test question - how honest are you in assessing the situation and not two-faced.... From the same point of view, what NATO is doing can also be considered as a violation of Ukraine's independence and its involvement in a conflict that does not concern it in the first place. The war in Ukraine is between Russia and NATO, and Ukraine is nothing but a land of conflict. Regarding "bloodthirsty invaders such as the US in Afghanistan, Syria and Iraq" is a lie ! Those were civil conflicts where the local population asked the US to protect the Afghan-speaking, Syrian-speaking, and Iraqi-speaking populations from the Kabul, Damascus, and Baghdad juntas. Do you really believe that America allocated budgets in the billions just to provide aid to those oppressed peoples? I do not want to believe that someone is so naive as to believe the allegations that the US administration made to justify the invasion of those countries.Recently, I was in a discussion in the French board with some members there who do not even admit that France is a colonial country and that it had (and still does) own colonies in Africa and that it bears a large part of the crises of those countries. I was shocked that I found some convinced that France was spreading civilization and the principles of freedom, and at the same time they do not have an explanation for why more than a million and a half Algerians were killed during the war of liberation only (1962), in addition to millions who were killed in colonialism that continued for more than a century (1830-1962). Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: DrBeer on July 30, 2023, 05:22:05 PM Without taking into account the geopolitical calculations, and given that Ukraine is an independent country with full rights, I consider what Russia is doing as an invasion and aggression against an independent country. But this example cannot be compared with the wars led by the United States, especially those launched after the fall of the Soviet Union, because previous wars were always carried out within the framework of the Cold War. From the same point of view, what NATO is doing can also be considered as a violation of Ukraine's independence and its involvement in a conflict that does not concern it in the first place. The war in Ukraine is between Russia and NATO, and Ukraine is nothing but a land of conflict. No offense. I was just applying the same practice of selective "truth" to pooya87 that he tries to play all the time. In his case, one and the same event can have two different explanations. In the necessary case - positive, in the unnecessary case - negative. I absolutely do not deny that the reasons for the invasion of Iraq were false. I am not ready to say whether it was done systematically or someone decided to "throw wood on the fire", but the fact remains that the reason for the invasion turned out to be a lie. Yeah, never denied it. Some of the actions of international coalitions in modern history are also controversial and could have been replaced by a lighter version. But to deny Russia's invasion of Ukraine, to invent 100500 "official targets of the NWO", to try to justify terrorist bombing of the whole country, residential cities, civilian infrastructure - this is in fact to support terrorism. Again, if tomorrow someone starts massively bombing Iran's residential cities, pooya87 will be the first to scream about terrorism. But... he should be prepared for the fact that "it's all fair, Iran provoked someone and forbade to speak Persian". Really? Or is there a different kind of truth? That's what I was trying to say and I didn't mean to offend anyone in any way. PS And to understand what Russia and its official information is, yesterday's statement of M. Zakharova about the purpose of SWO in Ukraine. Sit on the chair, it is difficult to perceive sitting down :) So, War in UKRAINE - "the Russian Army in the SWO are giving their lives for AFRICANS and OTHERS to be FREE". ! ;D ;D ;D ;D This is an official press conference, an official of the Russian Foreign Ministry. You can easily see for yourself. And for your interest I recommend you also to look in chronology, how many times the "unambiguous goals of the NWO" were changed, in the official statements of the Russian authorities, from February 2022 to today ! But I suggest to return also to the main topic of the post: someone can logically and with arguments answer such questions: - Why Iran and Russia need a NEW currency for internal relations ? - What does not suit/profitable Iranian real to Russia ? - What does not suit/not favor the Russian steering wheel Iran ? - What actual steps have already been taken ? Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: serveria.com on July 30, 2023, 06:54:41 PM Quote The potential stablecoin aims to enable cross-border transactions instead of fiat currencies like the U.S. dollar, the Russian ruble or the Iranian rial. The Central Bank of Iran is reportedly cooperating with the Russian government to jointly issue a new cryptocurrency backed by gold. According to the Russian news agency Vedomosti, Iran is working with Russia to create a “token of the Persian Gulf region” that would serve as a payment method in foreign trade. The token is projected to be issued in the form of a stablecoin backed by gold, according to Alexander Brazhnikov, executive director of the Russian Association of Crypto Industry and Blockchain. The stablecoin aims to enable cross-border transactions instead of fiat currencies like the United States dollar, the Russian ruble or the Iranian rial. The report notes that the potential cryptocurrency would operate in a special economic zone in Astrakhan, where Russia started to accept Iranian cargo shipments. Russian lawmaker Anton Tkachev, a member of the Committee on Information Policy, Information Technology and Communications, stressed that a joint stablecoin project would only be possible once the digital asset market is fully regulated in Russia. After multiple delays, the Russian lower house of parliament once again promised to start regulating crypto transactions in 2023. Iran and Russia are among the countries that banned their residents from using cryptocurrencies like Bitcoin BTCtickers down $20,921 and stablecoins like Tether (USDT) for payments. At the same time, Iran and Russia have been actively working to adopt crypto as a tool of foreign trade. In August 2022, Iran’s Industry, Mines and Trade Ministry approved the use of cryptocurrency for imports into the country amid ongoing international trade sanctions. The local government said the new measures would help Iran mitigate global trade sanctions. Iran subsequently placed its first international import order using $10 million worth of crypto. The Bank of Russia — historically opposed to using crypto as a payment method — agreed to allow crypto in foreign trade to mitigate the impact of international sanctions. The regulator has never clarified which cryptocurrencies would be used for such transactions though. https://cointelegraph.com/news/iran-and-russia-want-to-issue-new-stablecoin-backed-by-gold .... Iran and russia want to issue a stablecoin?! This world is becoming crazier by the day. I would guess their first kneejerk reaction was to simply use gold. Then they realized if they digitized it. They could simply move digital funds from one account to another account. Which is easier and more efficient than shipping heavy piles of gold across long distances. But then who would cover development costs of what could easily become a multi million dollar project? Then they realized, if they used free open source code from crypto projects, they wouldn't have to pay software development costs and would only need servers to run it and personnel to maintain it. So it seems that crypto and stablecoins may become a natural progression for corporations and nations of the world who are attempting to solve basic and fundamental problems of economy. Such as developing and deploying financial systems to facilitate transactions denominated in gold. Rather than starting from zero and building systems upwards to achieve basic and fundamental financial tasks. Sounds like complete nonsense! Another useless "stablecoin" with no real-world application. Why not just embrace Bitcoin and use it instead? I guess people in charge there (in Russia and Iran) just don't have enough technical knowledge and understanding of what Bitcoin is. Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: panganib999 on July 30, 2023, 07:28:11 PM Sounds like complete nonsense! Another useless "stablecoin" with no real-world application. Why not just embrace Bitcoin and use it instead? I guess people in charge there (in Russia and Iran) just don't have enough technical knowledge and understanding of what Bitcoin is. Uhm. There is real use-case for this. And I figured it's much better for them to use their own stablecoin than bring bitcoin into the equation. For one, it's going to absolve bitcoin of any problem that the stablecoin may face and commit to especially in the legislative side of this equation, cause for all we know these two countries are in the bad side of the bed as of now. Another would be the fact that they want to profit off of this venture, which bitcoin wouldn't exactly be able to do since it's decentralized and does not need outside maintenance for it to operate. I say let them do whatever they want if it's not at the expense of the cryptocurrency industry getting flak and hate from the outside world. Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: DrBeer on August 02, 2023, 08:42:31 AM Sounds like complete nonsense! Another useless "stablecoin" with no real-world application. Why not just embrace Bitcoin and use it instead? I guess people in charge there (in Russia and Iran) just don't have enough technical knowledge and understanding of what Bitcoin is. Uhm. There is real use-case for this. And I figured it's much better for them to use their own stablecoin than bring bitcoin into the equation. For one, it's going to absolve bitcoin of any problem that the stablecoin may face and commit to especially in the legislative side of this equation, cause for all we know these two countries are in the bad side of the bed as of now. Another would be the fact that they want to profit off of this venture, which bitcoin wouldn't exactly be able to do since it's decentralized and does not need outside maintenance for it to operate. I say let them do whatever they want if it's not at the expense of the cryptocurrency industry getting flak and hate from the outside world. Dear panganib999 ! Question - don't you want, for example, to issue your own currency? The expected question from you is - WHY? Try to answer the question why Iran and Russia should issue some other monetary surrogate, provided that they are "friends" and have their own national currencies ? :) Try to explain the logic of this event ? All these "new currencies", "unparalleled solutions" and so on are "dust in the eyes", populism and an attempt to divert attention from the real problems that they cannot solve (after all, both are rogue countries). This solution does NOT solve a single problem, that's the fact. If you can prove otherwise - I will listen to you with pleasure ! Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: Wong Gendheng on August 03, 2023, 08:14:35 AM Gold of course is the most trusted commodity in the world, when there is an economic problem between countries, the best solution is to use Gold, it is natural that many countries including Iran and Russia plans to use Gold for the basis of money so that anyone will be optimistic about the plan.
Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: DrBeer on August 03, 2023, 11:50:06 AM Gold of course is the most trusted commodity in the world, when there is an economic problem between countries, the best solution is to use Gold, it is natural that many countries including Iran and Russia plans to use Gold for the basis of money so that anyone will be optimistic about the plan. Misconception. No, I'm not talking about gold, I'm talking about Iran and Russia. Russia is trying to sell off its gold reserves, but it is not all smooth sailing there either - sanctions. Just like Iran. The idea of mutual settlements between Iran and Russia in gold is also very fantastic. If the trade balance is commensurable - what is the point of complicating the scheme of settlements in local currencies? Although I understand - Iran does not need rubles, Russia does not need reals :) But chasing gold back and forth is also stupid ... Or if the balance, for example, in favor of Iran - Russia will simply "drain" gold. And given that the main product that Russia is buying from Iran is drones for terrorism, it will be a net loss for the Russian economy - drones do not help the economy, this is a purely costly item. Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: justdimin on August 04, 2023, 05:49:48 AM Gold of course is the most trusted commodity in the world, when there is an economic problem between countries, the best solution is to use Gold, it is natural that many countries including Iran and Russia plans to use Gold for the basis of money so that anyone will be optimistic about the plan. I would understand using gold to back your currency, that wouldn't be a bad idea but it would limit your growth a lot as well, however if it's done properly then I could see why someone would want something like that. However, if we are talking about a situation like making a stablecoin backed by gold, that would be bit different, it would take us back to medici family periods.I mean you would be giving your gold to someone and getting a paper for it instead, and that results with people not really backing it but looking like backing it. It would be like "I put 2 golds in here, but you give me paper for 4 golds, and I will give 1 back to you" type of corruption and people would do that and things will get much worse there. Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: pooya87 on August 09, 2023, 03:47:56 PM It does not require super intelligence to read history and deduce the course of events. But I remain shocked when I meet some who live in a state of complete denial of the facts and refuse even to change the angle of analysis. It's the worst when they deny facts. Recently, I was in a discussion in the French board with some members there who do not even admit that France is a colonial country and that it had (and still does) own colonies in Africa and that it bears a large part of the crises of those countries. I was shocked that I found some convinced that France was spreading civilization and the principles of freedom, and at the same time they do not have an explanation for why more than a million and a half Algerians were killed during the war of liberation only (1962), in addition to millions who were killed in colonialism that continued for more than a century (1830-1962). In the end it doesn't matter what people say though, specially those living far away who can't even point to your country on the map. The only thing that matters is the strength you have and most importantly rulers who know what to do. If Africa were strong, they would have never been colonized in first place. The only good news is that it is starting to change. We have seen multiple African countries kicking the Western Colonizers including French ones out of their country. The latest one was Niger that was providing gold and uranium of France practically for free. Another good example is Ukraine. I have seen many Ukrainians saying if they hadn't been fooled into being disarmed this war would have never happened, that's what unwise rulers do to a country. See the picture I posted below, this is the saddest thing I saw. It shows the remainders of some of the missiles Russia used in Ukraine. They claim these missiles used to belong to Ukraine but were given to Russia back when US+NATO+Russia fooled Ukraine into disarming. The worst part is that Ukrainian people celebrated the day they were disarmed. And when I say disarmed I don't mean giving up nukes, they gave up all their military strength on multiple occasions. To this day Ukraine is not allowed to manufacture anything medium or long range, like missiles that can fly more than 100 to 300 km! https://www.talkimg.com/images/2023/08/09/G1DjN.md.jpeg (https://www.talkimg.com/image/G1DjN) Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: DrBeer on August 09, 2023, 06:19:51 PM It's the worst when they deny facts. In the end it doesn't matter what people say though, specially those living far away who can't even point to your country on the map. The only thing that matters is the strength you have and most importantly rulers who know what to do. If Africa were strong, they would have never been colonized in first place. The only good news is that it is starting to change. We have seen multiple African countries kicking the Western Colonizers including French ones out of their country. The latest one was Niger that was providing gold and uranium of France practically for free. Another good example is Ukraine. I have seen many Ukrainians saying if they hadn't been fooled into being disarmed this war would have never happened, that's what unwise rulers do to a country. See the picture I posted below, this is the saddest thing I saw. It shows the remainders of some of the missiles Russia used in Ukraine. They claim these missiles used to belong to Ukraine but were given to Russia back when US+NATO+Russia fooled Ukraine into disarming. The worst part is that Ukrainian people celebrated the day they were disarmed. And when I say disarmed I don't mean giving up nukes, they gave up all their military strength on multiple occasions. To this day Ukraine is not allowed to manufacture anything medium or long range, like missiles that can fly more than 100 to 300 km! I applaud! That's a great answer! Seriously ! This is the best proof that having any business or arrangement with Russia is less valuable than a piece of shit ! Russia will always lie and cheat. By the way - why didn't you attach to these photos a link to the signed Budapest Memorandum, which spells out the terms on the basis of which it gave Russia its nuclear arsenal, at that time the THIRD in the world, after the U.S. and Russia. The reasons why russia was given these missiles, and many other weapons, is the "work" of the pro-Russian corrupt Ukrainian government, when they paid with it for gas and other personal preferences. By the way, you really habitually lied here, making up the story about "US-NATO-Russia disarmed Ukraine" but I am not surprised, I know your usual behavior :) That is why in 2013/2014 the people of Ukraine came out to protest against Yanukovych - another "Putin's lap dog". Which was one of the key reasons for the Russian invasion of Ukraine.... Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: coupable on August 09, 2023, 11:50:37 PM It does not require super intelligence to read history and deduce the course of events. But I remain shocked when I meet some who live in a state of complete denial of the facts and refuse even to change the angle of analysis. It's the worst when they deny facts. Recently, I was in a discussion in the French board with some members there who do not even admit that France is a colonial country and that it had (and still does) own colonies in Africa and that it bears a large part of the crises of those countries. I was shocked that I found some convinced that France was spreading civilization and the principles of freedom, and at the same time they do not have an explanation for why more than a million and a half Algerians were killed during the war of liberation only (1962), in addition to millions who were killed in colonialism that continued for more than a century (1830-1962). In the end it doesn't matter what people say though, specially those living far away who can't even point to your country on the map. The only thing that matters is the strength you have and most importantly rulers who know what to do. If Africa were strong, they would have never been colonized in first place. The only good news is that it is starting to change. We have seen multiple African countries kicking the Western Colonizers including French ones out of their country. The latest one was Niger that was providing gold and uranium of France practically for free. Another good example is Ukraine. I have seen many Ukrainians saying if they hadn't been fooled into being disarmed this war would have never happened, that's what unwise rulers do to a country. See the picture I posted below, this is the saddest thing I saw. It shows the remainders of some of the missiles Russia used in Ukraine. They claim these missiles used to belong to Ukraine but were given to Russia back when US+NATO+Russia fooled Ukraine into disarming. The worst part is that Ukrainian people celebrated the day they were disarmed. And when I say disarmed I don't mean giving up nukes, they gave up all their military strength on multiple occasions. To this day Ukraine is not allowed to manufacture anything medium or long range, like missiles that can fly more than 100 to 300 km! About Ukraine, Russia has always considered it part of Russian territory, and there is almost no escape from this war, whether NATO supports it or not. Ukraine's biggest mistake is the dismantling of its military system, including advanced nuclear weapons. for what? This was in exchange for nothing but the approval of the major international powers. Today Belarus gets nuclear missile platforms for free from Russia, while Ukraine begs countries to secure itself at least partially. Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: rikybrosh on August 10, 2023, 02:59:42 AM Gold of course is the most trusted commodity in the world, when there is an economic problem between countries, the best solution is to use Gold, it is natural that many countries including Iran and Russia plans to use Gold for the basis of money so that anyone will be optimistic about the plan. I also feel so optimistic about this, Actually I am so grateful that more country embrace cryptocurrency. i remember in the past there are more country against cryptocurrency than country who embrace it. I think we should appreciate every country or company which even only have plan to use blockchain technology and cryptocurrency.Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: dothebeats on August 10, 2023, 10:43:27 AM Gold of course is the most trusted commodity in the world, when there is an economic problem between countries, the best solution is to use Gold, it is natural that many countries including Iran and Russia plans to use Gold for the basis of money so that anyone will be optimistic about the plan. I also feel so optimistic about this, Actually I am so grateful that more country embrace cryptocurrency. i remember in the past there are more country against cryptocurrency than country who embrace it. I think we should appreciate every country or company which even only have plan to use blockchain technology and cryptocurrency.Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: STT on August 11, 2023, 11:51:01 PM Not sure I trust either of them and they should make it oil not gold surely. They could be believed to provide backing if it was oil but gold is harder to get. Gold is related to oil pricing anyhow.
This isnt big news to me anymore then when Venezuela announced their new involvement in cryptocurrency, it was centralized and had no real link to their oil reserves which are the largest in the world. All that happened there was the same failure existing in their paper currency, they require efficiency to extract their resources and there was no real utility in the digital standard only perhaps they can save paper and ink on printing. I dont mind being proven wrong if some achievement is made but I doubt it. Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: blckhawk on August 12, 2023, 06:59:15 AM Sounds quite a lot like a desperate long shot though too... Why does Russia need to team up with someone to do this, are they doing THAT badly on their own? I thought they'd have a decent enough development firm for something like this at least, or is this more of a strengthening ties exercise (to which, maybe they don't need the currency anyway). Iran is a strategic ally of Syria and Russians have helped al-Assad to be in power, if I recall correctly, didn't the Russian Spetsnaz helped in removal of the anti-Soviet government back then or is that a different country in Middle East? Also, Russia has been a supplier of weapons for the Syrian government for a long time now and by extension that makes them an ally of Iran. I think the most obvious reason why they do this is because they all have a common enemy (USA). If you are surprised that they can't do this on their own then probably you overestimate the capabilities of the Russian government, with the rifeness of corruption of the Putin regime, I don't think that competence and efficiency is really a thing there, maybe if we look at individuals out there we can see that they can do it but if it involves the government, I don't think so.So what they're trying to do here is trying to create the old school Gold Standard but in a digital format? There's a reason why that was abolished so I don't know why they keep sticking to that system, hopefully someone can explain any good reason why this is a good idea? I can't wrap my head around the idea of currency in any form being backed by gold. Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: DrBeer on August 12, 2023, 12:34:51 PM One simple question to those who really think this scam will have a solution:
Please tell me, what will be the mechanisms for proving the gold backing of this ethereal currency? Just to say that "here is a new currency - rubreal, and it is backed by 100500 tons of gold" is a simple sound, behind which there is nothing ! I am sure that none of the above mentioned countries will allow real audit of gold reserves ... Besides, collateralization means that at any moment you can exchange such currency for the very gold that secures it. I can't say anything about Iran, I haven't studied the information, but there are sanctions against Russia and its gold, which prohibit or very much restrict work with Russian gold. It turns out the only real person providing this currency with gold will be Iran. And that is if there are no sanctions on their gold :) I understand that someone really wants it to be so, but one should be realistic and soberly assess the possibility of such a project. Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: pooya87 on August 12, 2023, 02:51:56 PM Ukraine's biggest mistake is the dismantling of its military system, including advanced nuclear weapons. for what? This was in exchange for nothing but the approval of the major international powers. Today Belarus gets nuclear missile platforms for free from Russia, while Ukraine begs countries to secure itself at least partially. That's true but I believe the biggest problem Ukraine has is not having an actual politician in the office.You see, in this world there are "strong" countries and proxy countries. Ukraine is the later while US and Russia are the former. It's not a bad or negative thing to be a "proxy" country, it's just a country that is not as strong as the world powers but it is caught between them (meaning both sides want a piece of it just to compete with each other!). A good example of such countries is Turkey, a country with little to no natural resources or industries that is geographically located between East and West. But look at the politicians it has. The president called Erdogan as an expert politician who has been Turkey's president ever since 2014 and previously was prime minister and before that was mayor. He basically started in politics ever since 1976. Despite all his dumb mistakes, has beautifully played the role of a proxy country for Turkey. He is neither a full NATO member going against the Eastern powers (eg. blocking Russian exports, obeying US sanctions on Iran, cutting ties with China) nor is he a full Eastern bloc player (eg. cutting ties with US, not participating in NATO wars, etc.). Each time he tries to lean too much on one side, Turkey suffers the consequences. He buys Russian air defense, he loses US weapons; he plays the NATO game the grain deal and energy exports through Turkey fall through, ... Ukraine can be categorized as the same type of country. But the difference is lack of an actual politician. Compare Erdogan with Zenesky! He has absolutely no idea what "politics" means simply because he has no experience in the field. He is just an actor who has experience to be a comedian not a politician and yet he was "installed" in office. Now Ukraine suffers the consequences of it. The same problem was with the previous one. He was a politician with experience but he made the mistake of playing too much in favor of Russia so US invaded and orchestrated a coup to remove him. Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: DrBeer on August 13, 2023, 09:44:19 AM Ukraine's biggest mistake is the dismantling of its military system, including advanced nuclear weapons. for what? This was in exchange for nothing but the approval of the major international powers. Today Belarus gets nuclear missile platforms for free from Russia, while Ukraine begs countries to secure itself at least partially. That's true but I believe the biggest problem Ukraine has is not having an actual politician in the office.You see, in this world there are "strong" countries and proxy countries. Ukraine is the later while US and Russia are the former. It's not a bad or negative thing to be a "proxy" country, it's just a country that is not as strong as the world powers but it is caught between them (meaning both sides want a piece of it just to compete with each other!). A good example of such countries is Turkey, a country with little to no natural resources or industries that is geographically located between East and West. But look at the politicians it has. The president called Erdogan as an expert politician who has been Turkey's president ever since 2014 and previously was prime minister and before that was mayor. He basically started in politics ever since 1976. Despite all his dumb mistakes, has beautifully played the role of a proxy country for Turkey. He is neither a full NATO member going against the Eastern powers (eg. blocking Russian exports, obeying US sanctions on Iran, cutting ties with China) nor is he a full Eastern bloc player (eg. cutting ties with US, not participating in NATO wars, etc.). Each time he tries to lean too much on one side, Turkey suffers the consequences. He buys Russian air defense, he loses US weapons; he plays the NATO game the grain deal and energy exports through Turkey fall through, ... Ukraine can be categorized as the same type of country. But the difference is lack of an actual politician. Compare Erdogan with Zenesky! He has absolutely no idea what "politics" means simply because he has no experience in the field. He is just an actor who has experience to be a comedian not a politician and yet he was "installed" in office. Now Ukraine suffers the consequences of it. The same problem was with the previous one. He was a politician with experience but he made the mistake of playing too much in favor of Russia so US invaded and orchestrated a coup to remove him. Oh, again you have mixed up something, or fantasized :) For example, P.A. Poroshenko was and still is an excellent politician, and very well accepted and supported by the world community. It was Poroshenko who was able to gather and activate an anti-Rashist coalition in the world! It was he who openly, without any backsliding called things in his own words ! Now he is actively working on financing of the AFU, leads international meetings, in some places more effective than the current president. If we talk about today's president Zelensky - it is not my choice. I am sure that in 2022, he had agreements with the Kremlin on a "soft" version of Ukraine's surrender. It was the people of Ukraine, the Ukrainian armed forces, volunteer battalions... that prevented him. And questions to Zelensky, after the end of the war will be very many, and very difficult, where perhaps even presidential immunity will not help. Part of the actions just before the start of the war, can not be called anything other than sabotage of the AFU, the military industry, and much more, which may even stretch to "treason". Well, and thanks for the wonderful joke "you see, in this world there are "strong" countries and puppet countries. Ukraine is the latter, and the US and Russia are the former." Russia is the last in everything - nothing depends on it, all its "friends" wipe their feet on it. and the only danger is international terrorism, which Russia led. And about puppets - isn't the Chinese puppet, "great" Russia? Isn't it a raw material appendage of China? :) Do you want to describe the word "puppet" and give verifiable arguments that for example Ukraine is a puppet and Russia is not? Try it, I'm sure you will look funny as always :) "playing too much in Russia's favor, so the US invaded and organized a coup to oust him." - sobbing ;D ;D ;D I wrote above, but you are strangely, selectively, forgot another president - Poroshenko P.A., why ? :) Yanukovych was ousted by the people. Shall I tell you how the Maidan started and went on ? I was there personally, I know how it started. And tales of invasion are just a convenient excuse and an attempt to hide from the population the fact that the People are the power and the People can both elect and remove the President if he broke his promises ! For all totalitarian regimes like the Kremlin, Iran, North Korea and the like, this reality is like death. That's why they put into the heads of not very intelligent population that "the USA did it all". For the uneducated and degraded population, it's a good "fairy tale." Or can you tell here your fairy tale version of the events of 2013/2014 ? Tell us ! ;D Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: coupable on August 13, 2023, 11:34:40 PM Ukraine's biggest mistake is the dismantling of its military system, including advanced nuclear weapons. for what? This was in exchange for nothing but the approval of the major international powers. Today Belarus gets nuclear missile platforms for free from Russia, while Ukraine begs countries to secure itself at least partially. That's true but I believe the biggest problem Ukraine has is not having an actual politician in the office.You see, in this world there are "strong" countries and proxy countries. Ukraine is the later while US and Russia are the former. It's not a bad or negative thing to be a "proxy" country, it's just a country that is not as strong as the world powers but it is caught between them (meaning both sides want a piece of it just to compete with each other!). Ukraine can be categorized as the same type of country. But the difference is lack of an actual politician. Compare Erdogan with Zenesky! He has absolutely no idea what "politics" means simply because he has no experience in the field. He is just an actor who has experience to be a comedian not a politician and yet he was "installed" in office. Now Ukraine suffers the consequences of it. The same problem was with the previous one. He was a politician with experience but he made the mistake of playing too much in favor of Russia so US invaded and orchestrated a coup to remove him. I mean, even if good politicians appear, they will be loyal to one of the two sides of the force, and the other party will necessarily object to it. President Zelensky is a Western desire to fuel the conflict with Russia, which refused NATO to carry out military maneuvers on its borders and occupied the entire Crimea island in 2014. Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: DrBeer on August 14, 2023, 05:45:14 AM In many cases, the curse of countries is in their location. Ukraine is one of those countries because its location made it like the dividing line between two major world powers. The Soviet Union against the former Allied forces, and today between Russia and the western axis led by the United States. Ukraine is a productive agricultural and industrial country, and it is considered the lifeblood of the world in view of the abundance of agricultural production, but its location has made it a place of ambition for everyone, especially the disparate forces that wanted to make Ukraine a semi-neutral region without any regard for the will of the Ukrainian people and what they want to be. After the collapse of the Soviet Union, Ukraine was stripped of its military arsenal so as not to pose a potential threat to the Western powers, and Russia sought not to join the European Union or NATO in order to keep its western borders with its enemies safe. I mean, even if good politicians appear, they will be loyal to one of the two sides of the force, and the other party will necessarily object to it. President Zelensky is a Western desire to fuel the conflict with Russia, which refused NATO to carry out military maneuvers on its borders and occupied the entire Crimea island in 2014. Excuse me, I'll join your dialog. But I have to say that you are partially wrong. Yes, Ukraine was part of the USSR. But if we are talking about division, during the Cold War, the "border" between NATO and Warsaw Pact countries was Poland. Poland is part of the EU and NATO. And Ukraine chose the vector - EU. And the only one who does not like it is Russia - which has phantom memories and delusional hallucinations that "Ukraine was invented by Lenin", "all the territories of Ukraine were given to it by the USSR", "Everything in Ukraine was built by the USSR", and "It's all ours, we are great Russia, it all belongs to us". We found ourselves not BETWEEN two camps, but next to us, in the east, there was an inadequate neighbor, who for some reason decided that he has some right to tell us how to live, and has the right to do unilaterally as he wants. But that's his mistake :) Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: 19Nov16 on August 15, 2023, 02:19:44 PM Gold is money that has been used since thousands of years ago so that it has a strong reputation, Gold is resistant to inflation because it is proven that the country that prints money based on gold support will be resistant to inflation, the value of gold can adjust to any situation, so that the steps taken by Russia and Iran surely it is the right thing.
Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: DrBeer on August 16, 2023, 11:41:51 AM Gold is money that has been used since thousands of years ago so that it has a strong reputation, Gold is resistant to inflation because it is proven that the country that prints money based on gold support will be resistant to inflation, the value of gold can adjust to any situation, so that the steps taken by Russia and Iran surely it is the right thing. It worked in the Middle Ages, and before industrialization. The growth of production led to a gap between real gold reserves and the mass of produced goods and services, I hope it is clearer. And in the modern world, especially when playing games with not the most honest countries, there is also a question - how can they confirm the presence of their declared gold reserves? This is question number 1 :) Question number 2: how much is gold that can neither be sold nor exchanged worth? Do you know what this is about? Because Russia is under sanctions, including on gold transactions. And it can neither sell it for hard currency nor exchange it for something significant. And it can't provide it with its GDP either, because it is 50% fake at least :) Can you refute or prove otherwise ? I would love to hear your answer ! Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: AmoreJaz on August 16, 2023, 09:11:35 PM Gold is money that has been used since thousands of years ago so that it has a strong reputation, Gold is resistant to inflation because it is proven that the country that prints money based on gold support will be resistant to inflation, the value of gold can adjust to any situation, so that the steps taken by Russia and Iran surely it is the right thing. It worked in the Middle Ages, and before industrialization. The growth of production led to a gap between real gold reserves and the mass of produced goods and services, I hope it is clearer. And in the modern world, especially when playing games with not the most honest countries, there is also a question - how can they confirm the presence of their declared gold reserves? This is question number 1 :) Question number 2: how much is gold that can neither be sold nor exchanged worth? Do you know what this is about? Because Russia is under sanctions, including on gold transactions. And it can neither sell it for hard currency nor exchange it for something significant. And it can't provide it with its GDP either, because it is 50% fake at least :) Can you refute or prove otherwise ? I would love to hear your answer ! you have valid questions here. how sure are we that they have the gold they declared they have? and how are they going to the open market if they are sanctioned? there's more than meets the eyes here. we don't know how honest they are with their claims, now that they want to keep the real scenario out of public eyes. i don't know how trustworthy they will be if they will create this stablecoin backed by gold. just like many projects that have been abandoned and forgotten here, which claimed to be backed by gold. where are they now? Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: jossiel on August 16, 2023, 09:16:42 PM Gold is money that has been used since thousands of years ago so that it has a strong reputation, Gold is resistant to inflation because it is proven that the country that prints money based on gold support will be resistant to inflation, the value of gold can adjust to any situation, so that the steps taken by Russia and Iran surely it is the right thing. Not all the time.Look at those countries that have gold reserve, they just can't go away with inflation. This means that even having a currency that's backed up with gold, it can't skip hitting inflation. They're also going to deal with it no matter what. It sounds good by just looking at it but if the purpose is just to have cross border transfers since Russia has been penalized a lot by most payment processors, this is the resort that they need to have. Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: DrBeer on August 17, 2023, 07:30:49 AM Gold is money that has been used since thousands of years ago so that it has a strong reputation, Gold is resistant to inflation because it is proven that the country that prints money based on gold support will be resistant to inflation, the value of gold can adjust to any situation, so that the steps taken by Russia and Iran surely it is the right thing. It worked in the Middle Ages, and before industrialization. The growth of production led to a gap between real gold reserves and the mass of produced goods and services, I hope it is clearer. And in the modern world, especially when playing games with not the most honest countries, there is also a question - how can they confirm the presence of their declared gold reserves? This is question number 1 :) Question number 2: how much is gold that can neither be sold nor exchanged worth? Do you know what this is about? Because Russia is under sanctions, including on gold transactions. And it can neither sell it for hard currency nor exchange it for something significant. And it can't provide it with its GDP either, because it is 50% fake at least :) Can you refute or prove otherwise ? I would love to hear your answer ! you have valid questions here. how sure are we that they have the gold they declared they have? and how are they going to the open market if they are sanctioned? there's more than meets the eyes here. we don't know how honest they are with their claims, now that they want to keep the real scenario out of public eyes. i don't know how trustworthy they will be if they will create this stablecoin backed by gold. just like many projects that have been abandoned and forgotten here, which claimed to be backed by gold. where are they now? The simplest explanation of this "project" is to blow dust in the eyes of the world, and to show, fake of course, its "self-sufficiency". I will not talk about Iran, I honestly admit that I have not studied the topic of Iran's economy in depth. But russia, which is floundering between bad and very bad solutions to the problems of its economy, is clearly an empty shell in this project. Huge inflation, collapse of the economy, impoverishment, sanctions, selling off everything they can, for any money, if only someone would pay a few dollars ... And there is such financial pathos ! :) In a word - all their "game" is an empty sound to distract from real problems, really unsolvable, and an attempt to be "proud" of something. That Russia will have to be proud of a fake project - so Russia is not used to it ! :) Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: justdimin on August 17, 2023, 02:04:01 PM Gold of course is the most trusted commodity in the world, when there is an economic problem between countries, the best solution is to use Gold, it is natural that many countries including Iran and Russia plans to use Gold for the basis of money so that anyone will be optimistic about the plan. I also feel so optimistic about this, Actually I am so grateful that more country embrace cryptocurrency. i remember in the past there are more country against cryptocurrency than country who embrace it. I think we should appreciate every country or company which even only have plan to use blockchain technology and cryptocurrency.First of all, I do not really enjoy people at the top of these nations, I feel like they could do anything at any moment and there is no democracy, which means that I won't be investing due to unsure nature of these nations, but if any other nation with a proper democracy and elections do it, I may consider it. Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: pooya87 on August 17, 2023, 04:59:58 PM I mean, even if good politicians appear, they will be loyal to one of the two sides of the force, and the other party will necessarily object to it. Maybe but I believe there is always a third option like a nationalist option that can manage to gather everyone or at least the majority under a singular flag. I'm not familiar enough with Ukrainian culture to say what it is, but there is always something everywhere. Sometimes it is ideology whether one of those "isms" or religion, sometimes it is economy, sometimes just nationalism, etc.Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: so98nn on August 17, 2023, 06:29:36 PM I don’t believe that this will work because there is one country that is not so viable in handling the foreign affairs and there is other whose president banned the crypto and unbanned the crypto God knows how many times. How can this relationship would work in the long run without any second thoughts. Backing up anything with the Gold is like having everyday trend now that seems not working that properly as it should have been.
The gold reserves has to be held properly otherwise in the world where a war can break out at anytime these gold reserves can become unstable at anytime. Let’s say this partnership breaks in between then who would take the responsibility of these Gold reserves?? Moreover if we even checkout the Top Gold backed stable coins then they don’t have much of market cap. They have not obtained much attention so I highly doubt this is going to be any different? Just for records, Gold backed stabelcoins. If you check the market cap and historical chart views then it’s not a fun. 1) Tether Gold (XAUT) 2) DigixGlobal (DGX) 3) Paxos Gold (PAXG) 4) Gold Coin (GLC) 5) Perth Mint Gold Token (PMGT) 6) Meld Gold by Algorand Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: Argoo on November 29, 2023, 06:01:14 PM Without taking into account the geopolitical calculations, and given that Ukraine is an independent country with full rights, I consider what Russia is doing as an invasion and aggression against an independent country. But this example cannot be compared with the wars led by the United States, especially those launched after the fall of the Soviet Union, because previous wars were always carried out within the framework of the Cold War. From the same point of view, what NATO is doing can also be considered as a violation of Ukraine's independence and its involvement in a conflict that does not concern it in the first place. The war in Ukraine is between Russia and NATO, and Ukraine is nothing but a land of conflict. For some reason, you forget that it was Russia that attacked Ukraine, and Ukraine turned for help to the participants in the Budapest Memorandum, who guaranteed its security in exchange for Ukraine’s renunciation of the third world nuclear weapons potential that Ukraine had. Therefore, it is quite logical that Ukraine receives assistance from these countries, including the United States. Russia would be satisfied if no one stopped it from destroying Ukraine and its people. Therefore, it is not NATO countries that violate the independence of Ukraine, but only Russia. There is no NATO contingent in Ukraine that would fight with Russia. The Ukrainian army is defeating the Russian army in Ukraine. But Russia is uncomfortable admitting this, so the Kremlin invented that in the war on the territory of Ukraine it is fighting with the entire NATO. Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: coupable on November 30, 2023, 03:27:53 PM Without taking into account the geopolitical calculations, and given that Ukraine is an independent country with full rights, I consider what Russia is doing as an invasion and aggression against an independent country. But this example cannot be compared with the wars led by the United States, especially those launched after the fall of the Soviet Union, because previous wars were always carried out within the framework of the Cold War. From the same point of view, what NATO is doing can also be considered as a violation of Ukraine's independence and its involvement in a conflict that does not concern it in the first place. The war in Ukraine is between Russia and NATO, and Ukraine is nothing but a land of conflict. For some reason, you forget that it was Russia that attacked Ukraine, and Ukraine turned for help to the participants in the Budapest Memorandum, who guaranteed its security in exchange for Ukraine’s renunciation of the third world nuclear weapons potential that Ukraine had. Therefore, it is quite logical that Ukraine receives assistance from these countries, including the United States. Russia would be satisfied if no one stopped it from destroying Ukraine and its people. Therefore, it is not NATO countries that violate the independence of Ukraine, but only Russia. There is no NATO contingent in Ukraine that would fight with Russia. The Ukrainian army is defeating the Russian army in Ukraine. But Russia is uncomfortable admitting this, so the Kremlin invented that in the war on the territory of Ukraine it is fighting with the entire NATO. But when you ask me about the reasons for this operation, I may appear to be in a pro-Russian position. Let's go back a little. Russia decided to launch a military campaign against Ukraine if it continued to carry out military maneuvers on its borders with the participation of NATO. This was the pretext that Russia used to occupy Crimea in 2014, which served as a warning to Ukraine to stop all military activity that might threaten the integrity of Russian territory. This is not an excuse for the crimes Russia has committed and is still committing in Ukraine, but these are the geostrategic reasons for the outbreak of this war, which no one expected to happen so quickly and in this way. Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: DrBeer on November 30, 2023, 07:39:57 PM In my previous comment, I consider the military operation in Ukraine to be a Russian aggression against the territory of an independent state. No one doubts this. But when you ask me about the reasons for this operation, I may appear to be in a pro-Russian position. Let's go back a little. Russia decided to launch a military campaign against Ukraine if it continued to carry out military maneuvers on its borders with the participation of NATO. This was the pretext that Russia used to occupy Crimea in 2014, which served as a warning to Ukraine to stop all military activity that might threaten the integrity of Russian territory. This is not an excuse for the crimes Russia has committed and is still committing in Ukraine, but these are the geostrategic reasons for the outbreak of this war, which no one expected to happen so quickly and in this way. Let me clarify a little, as a resident of Ukraine who knows the situation very well. The topic “Ukraine is joining NATO” is a complete lie. Until 2018, there was NOT A SINGLE legislative act or program in Ukraine regarding Ukraine’s accession to NATO. If you remember history, it will be even clearer why such an argument (Ukraine joining NATO is a threat to Russia) is a primitive lie! In 2013, and even early 2014, Ukraine had President Yanukovych. Absolutely PRO-RUSSIAN, which almost completely destroyed the armed forces of Ukraine and the defense industry. And until the moment of his cowardly escape from Ukraine, there were not even any hints about any contact between Ukraine and the NATO bloc. The attack on Ukraine occurred immediately after his escape. The government of the country (without a president, since elections were scheduled much later) did not make any global decisions at that time, much less about bloc status, since it was necessary to save the country that Yanukovych and his friends had plundered at almost zero.... The topic about “Ukraine is joining NATO, this is a threat to us, and we took a proactive step” appeared much later than 2014 (the beginning of the Russian invasion and occupation of Ukraine)! And they began to advance especially actively, especially after Russian terrorist troops were defeated near Kharkov and Kherson. The real reason is the Kremlin’s fear that Ukraine has set an example of how to remove the criminal regime, and Putin’s painful ambitions about the “revival” of the bastard USSR. And yet, Putin’s fear of a potential loss of power, according to the Ukrainian scenario, when the people of the country said “no to a criminal in power, was in the first place... Title: Re: Iran and Russia want to issue new stablecoin backed by gold Post by: Argoo on December 26, 2023, 10:01:22 AM Let's go back a little. Russia decided to launch a military campaign against Ukraine if it continued to carry out military maneuvers on its borders with the participation of NATO. This was the pretext that Russia used to occupy Crimea in 2014, which served as a warning to Ukraine to stop all military activity that might threaten the integrity of Russian territory. I see that you have absolutely no grasp of the situation that occurred before the Russian invasion of Ukraine in 2014. Thanks to the pro-Russian leadership at that time, led by President Yanukovych, the Armed Forces of Ukraine had very low combat effectiveness and strength. According to the acting Ukrainian resident Turchynov, after Yanukovych fled Ukraine, there were about six thousand combat-ready troops in Ukraine at that time. Therefore, Russia captured the Crimean peninsula almost without firing a single shot.This is not an excuse for the crimes Russia has committed and is still committing in Ukraine, but these are the geostrategic reasons for the outbreak of this war, which no one expected to happen so quickly and in this way. What kind of military maneuvers of the Armed Forces of Ukraine on borders are you talking about, and even with the participation of NATO? This is complete nonsense. Putin’s Russia has long been hatching plans to seize Ukraine, and it would still find a pretext for this. And as a matter of fact, this pretext, like the pretext for a full-scale invasion of Ukraine in February 2022, is periodically changed in the Kremlin to this day. |