Wilshire@lemmy.world to Not The Onion@lemmy.worldEnglish · edit-21 year agoRussia says it will halt foreign currency purchases and launch a digital ruble to keep the currency from spiraling furtherfinance.yahoo.comexternal-linkmessage-square14fedilinkarrow-up1104arrow-down13file-text
arrow-up1101arrow-down1external-linkRussia says it will halt foreign currency purchases and launch a digital ruble to keep the currency from spiraling furtherfinance.yahoo.comWilshire@lemmy.world to Not The Onion@lemmy.worldEnglish · edit-21 year agomessage-square14fedilinkfile-text
minus-squareazimir@lemmy.mllinkfedilinkEnglisharrow-up36·1 year agoA digital Ruble means that they don’t even need to physically print more bills to further devalue their currency. Now they can just either add to a database column or stick a few more blocks on a block chain. Free money!
minus-squarewhats_a_refoogee@sh.itjust.workslinkfedilinkEnglisharrow-up15·1 year agoMost money is already digital. There isn’t a paper bill backing every dollar, far from it. No doubt it was the same in Russia.
minus-squarerockerface 🇺🇦@lemm.eelinkfedilinkEnglisharrow-up9·1 year agoToilet paper demand is going to skyrocket
A digital Ruble means that they don’t even need to physically print more bills to further devalue their currency. Now they can just either add to a database column or stick a few more blocks on a block chain. Free money!
Most money is already digital. There isn’t a paper bill backing every dollar, far from it. No doubt it was the same in Russia.
Toilet paper demand is going to skyrocket
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