Bitcoin Forum

After I read this, What will Russia do next?

Bitcoin Regulation Hints From Alexey Moshkov (http://bitforum.info/t/bitcoin-regulation-hints-from-alexey-moshkov/260?u=angelo)


We all know that Russia and Bitcoin has a love-hate relationship.

But with this, it is still possible that Russia might be embracing Bitcoin after all.

Russia will ban Bitcoin as long as this guy's in charge:

http://i.ytimg.com/vi/su0Dg6Fttdg/maxresdefault.jpg

Putin is a Beartroll, probably posts in this forum as well.  As long as he keeps pumping worthless Rubles down his citizens throats, they will continue to shy away from Bitcoin.

What is the relation between your reading and Russia's decision ? Are you close to Putin ?

Like spoken from my own heart. The Russians seem to be on the right track as usual.

The best way to destroy bitcoin is to make its marketplace a paradise for criminals and scammers, ie having it totally free of any regulation and law enforcement. This has worked just splendidly so far, bitcoin has been in a free-fall for over a year and seems to be constantly on the verge of collapsing even further.

The brilliance in this self-destructive system lies in that by encouraging unlimited criminal activity (by making sure that the marketplace is devoid of regulation and law enforcement) you destroy confidence and trust and keep any meaningful capital safely away. Result: anemic volume, next to no buying interest, sitting duck for short sellers and constantly tanking price.

They were talking about giving fines for people caught with bitcoins. That should be a nice little earner for the Russian government. Plus I wonder what the Russian government will do with confiscated bitcoins. Will they sell them abroad or destroy them?

Yeah, keep telling yourself that Putin gives a fuck enough to post here.

Perhaps not forever (https://www.youtube.com/watch?v=nob0wutM-Xo), though. There are subtitles available for this Russian video. Every nation has dangerous intellectuals.

Very easily, destroy the private keys or send to known black hole address, such as 1BitcoinEaterAddressDontSendf59kuE

You're putting words in my mouth, friend. All I said was that effectively "destroying" (permanently removing access from) sums of bitcoin is very easy.

WTF is this 1BitcoinEaterAddressDontSendf59kuE address lol.

http://media.tumblr.com/c887a4d8e9c6fe8522602b3a1de67465/tumblr_inline_moyd1zId7R1qz4rgp.gif

A place from which there is no return. A box locked with the laws of the universe, with a tiny slit at the top where you can drop money.

Russia already baned the Bitcoin! They did what revolutionary governments always do.

Rather a jew who claims he doesn't have the private key to lure people to send him coins.

http://i0.kym-cdn.com/photos/images/newsfeed/000/426/131/b92.png

Bitcoin is most democratic currency in the world so i am not supprised Russia, China and other non democratic goverments try to destroy it.

They have absolutely no reason to waste time and resources on destroying bitcoin. The bitcoin marketplace is practically set up to self-destruct see my observations above.

This all sounds vaguely familiar, doesn't it?

"Unregulated and unpoliced, the Internet resembles a Wild West frontier town without a sheriff.

Con artists have turned to the Internet, on-line services and electronic bulletin boards to promote bogus stock offerings and other dubious investment opportunities such as gold mining, gemstones and ostrich farming. The Internet also lends itself to marketing scams known as pyramid schemes, in which a few participants get rich and the vast majority get burned. Although many ordinary people may surf the World Wide Web in the belief that their actions are private and anonymous, they are in fact frighteningly vulnerable to various kinds of electronic snooping."

New York Times, 1998, about the Internet

http://www.nytimes.com/1996/08/05/business/worldbusiness/05iht-cyber.t.html

So, you figure that the bitcoin marketplace will eventually sort itself out and everything will be fine ? If so when do you estimate that this will happen and given that bitcoin is still plummeting - at which price.

Otherwise, if you for some reason believe that actively encouraging criminality in the bitcoin marketplace hasn´t totally tanked any trust and confidence and led to a constantly cratering price - why don´t you say so ?  ;D

fallling is probably one of Puttins fudding account. I still gotta say that picture of him ridding an actual bear looks pretty epic.

This is funny as fck! lol  :D :D :D :D

It is hard to predict, it could go well legally speaking for Bitcoin in Russia but it is not going well in many other countries.

Yes, I thought it was hilarious too when I picked it!   ;D

Reminded me of the scene from Anchorman with Brick...

http://img.pandawhale.com/78610-steve-carell-bear-gif-lz1D.gif

https://uproxx.files.wordpress.com/2015/01/brick-tamland-with-a-bear.jpg?w=650

Putin riding a bear LOL!  The thought is so ridiculous you just have to respect it after awhile.

Russia will not venture the bitcoin road but Ukraine is much more suitable candidate to embrace bitcoin. Their currency is not doing so great and a turbulent times for their economy are just coming  ...

You know, it really doesn't matter what the Russian government thinks of Bitcoin. Russia is sick.

The Russian economy is a disaster. Everything is underdeveloped. They only rely on gas/oil exports.

The political power in the world is declining. They desperately try to gain influence by starting trouble in the Ukraine. Even if they will succeed, so what? Then, they have control of another, not really well doing country.
They don't have real alliances or partners. Even their relationship with other losers like Venezuela isn't strong.
China is just interested in cheap oil. They don't like these ego-driven war games of Putin. They want to focus on growth without much trouble. Wars and sanctions are just too fucking expensive. They might not like the US but as long as they can sell goods and have lots of US$, they are fine with the status quo.

Military power. Sure, they have nuclear weapons. They won't use them. That would be their end, too. All the other stuff is from the 80s or even earlier.

Knowledge. There are a lot of well educated people in Russia, but the country just makes no use of them. Any significant invention from Russia during the last decade? Nothing. hence, the intelligent ones leave the country, the others kill their brains with vodka. The result are a low life expectancy rate, high suicide rate.

Wealth. The rich get richer, the poor get poorer. But as long as the vodka is cheap, the patriotic slogans funky, and someone else to blame for the bad shit, it will go on for some time.

And Bitcoin? It will grow, with or without Russia. This failed state is absolutely not important. The words of some Fortune500 CEO or the actions of a huge online movement have a stronger and longer lasting impact on the world economy than Putin's childish short-term politics.

You did however have to drive to CompUSA to get the latest 56K modem, have a subscription to AOL, Prodigy, or Compuserve to access it and use it.

I don't think he's comparing Bitcoin to the Internet as we know it now, back in the early to mid 90's, the Internet was very inaccessible unless you had the means, know how, and money.

He was just avoiding identifying my argument quoted there. One of the oldest tricks in the book when people don´t like the message but can´t really put their finger on it. Pretty cheap minimizing attempt.

Russia might not reach the decision of banning bitcoin. :)

They should be able to take advantage of it instead of banning it.

Russia should take another look about bitcoin.
If they can, the advantages of it will take them to where they want to be.