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Author Topic: How to pay Russia in Ruble ?  (Read 66 times)
Skybuck (OP)
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March 31, 2022, 10:41:57 AM
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See title.
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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odolvlobo
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April 01, 2022, 05:58:39 AM
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Set up a bank account in Russia and deposit dollars or euros to be converted to rubles.

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Skybuck (OP)
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April 03, 2022, 11:57:07 AM
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Set up a bank account in Russia and deposit dollars or euros to be converted to rubles.

Euhm, so you suggesting people take bags full of millions of dollars and deposit them there ?! Shady ! LOL.
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April 04, 2022, 02:31:49 AM
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Set up a bank account in Russia and deposit dollars or euros to be converted to rubles.
Euhm, so you suggesting people take bags full of millions of dollars and deposit them there ?! Shady ! LOL.


Unless you and your neighbors buy gas directly from Russia, if you believe that you and your neighbors might have to pay for your gas in rubles, then I think you are misinformed.

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April 04, 2022, 09:23:19 AM
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Set up a bank account in Russia and deposit dollars or euros to be converted to rubles.


Alternatively - use Gold or Bitcoin.  I guess they have suggested this too from what I read somewhere. Wonder if they already have ways to make it work well and safely.
Could be done with Bitcoin if the Network has already implemented a decentralized mechanism for keeping the price safe from extreme volatility, which I believe can be done easily. The price movement needs to be gradual even when there is too much demand that can cause it to move up too quickly... with excess Bitcoin reserved for future use or for putting back into circulation. You may also increase the price with the reserve when there is less demand.
I think Good development or things that could create demand should always make the price move up.


By the way, I if the conversion from Bitcoin to a Ruble Stablecoin for example is done quickly there probably won't be much issues. I would hold at least 3% of the Bitcoin used by Russia customers to purchase gas if I were Russia

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