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Title: Russia to create its own currency ? Post by: dopecoindude on March 17, 2014, 04:11:53 AM http://voiceofrussia.com/news/2014_03_04/268000581/ (http://voiceofrussia.com/news/2014_03_04/268000581/)
RussianCoin? RuskiaCoin ? Title: Re: Russia to create its own currency ? Post by: tkbx on March 17, 2014, 04:17:44 AM Doesn't Russia use rubble as its currency? ;)
It's extremely unlikely that they would try this, but if they did, it would end up like future Aurora and future Spaincoin (shitty premined pump-and-dump) but with even less originality. Title: Re: Russia to create its own currency ? Post by: dopecoindude on March 17, 2014, 04:41:33 AM Doesn't Russia use rubble as its currency? ;) It's extremely unlikely that they would try this, but if they did, it would end up like future Aurora and future Spaincoin (shitty premined pump-and-dump) but with even less originality. Good points about Aurora and SpainCoin. And yes , RUBBLE COIN! LOL Title: Re: Russia to create its own currency ? Post by: Siegfried on March 17, 2014, 05:37:35 AM Russia should just adopt Bitcoin and accept only Bitcoin payments for its oil and gas.
Title: Re: Russia to create its own currency ? Post by: solex on March 17, 2014, 05:40:29 AM Doesn't Russia use rubble as its currency? ;) The rouble is a piece of junk. I am amazed any Russians have any faith in it at all. http://www.zerohedge.com/news/2014-03-16/russian-hyperinflation-deja-vu Title: Re: Russia to create its own currency ? Post by: Bit_Happy on March 17, 2014, 05:57:00 AM Doesn't Russia use rubble as its currency? ;) The rouble is a piece of junk. I am amazed any Russians have any faith in it at all. http://www.zerohedge.com/news/2014-03-16/russian-hyperinflation-deja-vu The Russian Ruble has devalued against the USD over 11% in the last few weeks (at an annualized pace of 91%)... ^^^ So any Russian who invested in Gold or bottles of Vodka is relatively wealthy now.* *Unless they drank too much Vodka. Title: Re: Russia to create its own currency ? Post by: bryant.coleman on March 17, 2014, 10:50:49 AM They will probably switch over to Euro or CHF from USD.
Title: Re: Russia to create its own currency ? Post by: DubFX on March 17, 2014, 10:51:51 AM No i don't think the goverment would allow this.
Title: Re: Russia to create its own currency ? Post by: myself on March 17, 2014, 10:55:28 AM there is a small chance to be gold so pray to the all know gods to be gold :P
Title: Re: Russia to create its own currency ? Post by: BitOnyx on March 17, 2014, 11:30:56 AM Well Ruble is doing rather bad and government wont just giveaway possibility of executing monetary policies. It is just another coin with some nice PR or another rumors pretending to be news...
Title: Re: Russia to create its own currency ? Post by: snappa4ever on March 18, 2014, 01:27:13 AM Highly unlikely they will create a new crypto, I think they will just use gold.
Title: Re: Russia to create its own currency ? Post by: solex on March 18, 2014, 01:34:17 AM Highly unlikely they will create a new crypto, I think they will just use gold. An economy can't just use gold as it is too limited for daily use. This was why paper money was invented, hundreds of years ago. Now, Russia could create a gold-backed ruble, and this would be good, but the problem is that the central bank can't be trusted to limit the ruble circulation to the amount of gold it has in vaults. Also, it would eventually be forced to print, because of fractional reserve banking. So the choice is really fiat all over again, or crypto. |