Pavel Durov: Cryptocurrencies will undermine US hegemony

https://www.rt.com/business/401299-durov-russia-us-bitcoin-hegemony/

The founder of the Telegram messaging service and the VKontakte social network Pavel Durov suggests the world may finally have a chance to ditch US dominance thanks to bitcoin and other cryptocurrencies.

“For the first time in 70 years, the global financial system has an opportunity to get rid of the US hegemony, which has imposed its national currency upon the whole world as a reserve currency,” Durov posted on his VK page.

“Since then the US had been collecting tribute from all the countries, paying its debts with incessantly printed dollars and using them to buy assets worldwide,” he added.

The post is in response to the Russian Finance Ministry plans to limit public access to bitcoin trading.

Earlier this week, the ministry said bitcoin looked like a pyramid scheme and could be a “very dangerous investment” for ordinary people, who are not professional traders.

Pavel Durov says cryptocurrencies and easy access to them will help balance the global financial system.

He added that Russia should join Japan and other Asian countries in recognizing digital currencies which are replacing the US dollar.

https://vk.com/durov

https://en.wikipedia.org/wiki/Pavel_Durov

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if cryptos kill the usd then yes its possible..but who controls the cryptos? 🙂

“For the first time in 70 years, the global financial system has an opportunity to get rid of the US hegemony, which has imposed its national currency upon the whole world as a reserve currency,” Durov posted on his VK page.”

401

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~ by seeker401 on September 1, 2017.

2 Responses to “Pavel Durov: Cryptocurrencies will undermine US hegemony”

  1. https://en.wikipedia.org/wiki/Telegram_(messaging_service)#Use_by_terrorists

    • ISIS has recommended Telegram to its supporters and members[118][119][120] and in October 2015 they were able to double the number of followers of their official channel to 9,000.[121] In November 2015, Telegram announced that it had blocked 78 public channels operated by ISIS, which were used for spreading propaganda and mass communication.[122][123][124] Telegram stated that it would block public channels and bots that are related to terrorism, but it would not honor “politically-motivated censorship” based on “local restrictions on freedom of speech” and that it allowed “peaceful expression of alternative opinions.”[125] Telegram’s usage for ISIS’s propaganda has reignited the encryption debate and encrypted messaging applications have faced new scrutiny.[126][127] It has also led to tabloids misunderstanding Telegram as a “jihadi messaging app”.[128]

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