the problem is very much solved by creating a new type of settlement system, what BRICS are proposing is basically a version of Bancor.
It's a currency specifically designed for settling trade balances, and it directly addresses the problems with using a reserve currency.
https://en.wikipedia.org/wiki/Bancor
Yogthos /
npub1sk…3dt3n
2024-08-18 12:52:29
in reply to nevent1q…ydse
Author Public Key
npub1sktdds3y9hdcxx34lmnva3gxnttzz4faun9xe8gf20tcc3ut3rcqf3dt3nPublished at
2024-08-18 12:52:29Event JSON
{
"id": "f74cb2ae0723ffd4de08e429a9e3e3c3084cd1e900f5549984b832758d264e82",
"pubkey": "8596d6c2242ddb831a35fee6cec5069ad621553de4ca6c9d0953d78c478b88f0",
"created_at": 1723985549,
"kind": 1,
"tags": [
[
"p",
"8596d6c2242ddb831a35fee6cec5069ad621553de4ca6c9d0953d78c478b88f0"
],
[
"p",
"5f0527740ab5ea17941bbf242c91502844cd655edef1837e1d686dadd0956078"
],
[
"e",
"4cb129fd29d20cc36c55bc724bfa224685378421e37c27e2bf6cad231376c447",
"",
"reply",
"5f0527740ab5ea17941bbf242c91502844cd655edef1837e1d686dadd0956078"
],
[
"e",
"aa59cddda8298356139aca2ed20f2de4440238085a40b2239a434c2119eeb561",
"",
"root",
"8596d6c2242ddb831a35fee6cec5069ad621553de4ca6c9d0953d78c478b88f0"
],
[
"proxy",
"https://mas.to/@yogthos/112983116997519246",
"web"
],
[
"proxy",
"https://mas.to/users/yogthos/statuses/112983116997519246",
"activitypub"
],
[
"L",
"pink.momostr"
],
[
"l",
"pink.momostr.activitypub:https://mas.to/users/yogthos/statuses/112983116997519246",
"pink.momostr"
],
[
"-"
]
],
"content": "the problem is very much solved by creating a new type of settlement system, what BRICS are proposing is basically a version of Bancor.\n\nIt's a currency specifically designed for settling trade balances, and it directly addresses the problems with using a reserve currency.\n\nhttps://en.wikipedia.org/wiki/Bancor",
"sig": "7154e51227515738c0fdfdbe2e315172e277bac99b08a63b43c272581942069cedacc6bf8b3647a14881dca3b3d5a268d3ce9ecd30372d2f47295f563a2359f2"
}