bad_alloc@lemmy.dbzer0.comtoWorld News@lemmy.world•Nearly all Chinese banks are refusing to process payments from Russia, report saysEnglish
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1 month agoBitcoin has a marked capitalization of about 30 billion USD. A S-400 air defense system costs 1.2 billion USD. So you could trade 25 of those systems using the entire “supply” of bitcoin. Russia calimed to have about 450 of these systems before the war. Even if they would use bitcoin for trading military equipment, cryptocurrency simply does not have the volume to pay for a meaningful amount of equipment.
He dumped core. All over the floor. What a mess.