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1  Bitcoin / Bitcoin Discussion / Re: Washington Post: "You can now pay with Bitcoin practically anywhere" on: November 21, 2015, 12:01:55 PM
With debit card from Coinbase, it means bitcoin is not anonymous any more if you use the card with the bitcoin you own.
2  Bitcoin / Bitcoin Discussion / Re: Russia Proposes Jail Sentence for Bitcoin Activities on: November 07, 2015, 06:33:53 PM
Don't forget it's only a proposal, nothing is written in stone just yet. I doubt that they will go to such extreme measures just because portion of users is
using it for illegal activities. It would be much smarter to regulate exchanges in a way that would recognize investors from illicit users.

Bitcoin is traceable. The Russian government should develop ways to trace the illegal use of bitcoin. It should work closely with the exchanges so that money laundering is prevented/reduced.
3  Bitcoin / Bitcoin Discussion / Re: Russia Proposes Jail Sentence for Bitcoin Activities on: November 07, 2015, 06:59:05 AM
Its nothing to do with the Kremlin having anything in particular against Bitcoin. The reason is Bitcoin would be (and probably has been) used by external forces (mainly US/CIA backed NGO's in the country (Fake charities and human rights organisations etc) from financing dissent within the country at the the behest of the wests establishment Its not because its a threat to the Russian economy. There has been a lot of work in the background to not only take down Putin but foster dissent and Bitcoin is an ideal way to transfer funds anonymously to various groups. The reason for them pushing for dissent is because Russia is a threat to the banking cartels. Im not saying Russia is right or wrong, Im saying I understand the reason.

The use of bitcoin in Russia by the potential evil forces is materialized yet. The potential of bitcion in good use has much more benefits.

Russia could be the mining centre of the world with cheap and vast amount of energy.
4  Bitcoin / Bitcoin Discussion / Re: Russia Proposes Jail Sentence for Bitcoin Activities on: November 06, 2015, 10:23:28 PM
All these illegal shit can be done with fiat too.I don't think this could be a major reason for such a decision.
There is something else which is hurting there policies.
Most probably there communism is getting disturbed.

Most criminal activities are supported by fiat. That is a known fact. Threat of jail sentence is just a deterrent. Bitoin will prosper in the other countries. It will survive in Russia.
5  Bitcoin / Bitcoin Discussion / Re: China BTC Exchanges now accepting direct bank deposits! HUGE on: November 04, 2015, 07:38:40 PM
Direct bank deposit is the most important reason for the recent rise. It implies that the Chinese authority allow the banks to be involved in bitcoin related money transfer. It is a kind of legaliztion of bitcoin in China.
6  Bitcoin / Bitcoin Discussion / Re: China BTC Exchanges now accepting direct bank deposits! HUGE/ scam on: November 04, 2015, 01:32:32 PM
BTCC is making a big mistake. The China gov has banned all the financial institutions to work with Bitcoin.
The banking institutions and employees are banned from engaging in bitcoin business through banking, as well as servicing or doing business with the bitcoin industry. This ban is since 2014 and it's nothing changed since then.

So, how BTCC is doing that? Of course, by doing it illegally. It is a desperate gesture because they did not have clients lately.

http://tech.sina.com.cn/it/2013-12-17/01139011174.shtml#483253-tsina-1-18627-1cf60a7c37a7bc296a2ba7aba0120190

One single complaint to their banks and BTCC's accounts are closed. The people should be very stupid to deposit their funds with a such exchanger.

That could be just BTCC. I do not understand how BTCC can be so brave to accept bank transfer without permission from banks, not just a single bank.
7  Bitcoin / Bitcoin Discussion / Re: Russia Proposes Jail Sentence for Bitcoin Activities on: November 04, 2015, 12:52:42 PM
Personally I am very tired of hearing of all these people and places that want to do away with bitcoin because they claim its used to fund terrorisim, drugs, prostitution, etc.. Yes it definitly is used for these things BUT it is also used for many other thing s as well like investments, saving, purchasing legitamite goods and/or services. To just get rid of it and start trying to imprison people for using it is not fair at all. If they are so worried about bitcoin being used for terrible things and want to ban because of that then I think they need to start banning all for of currencies, meaning they will have to make everything in life free. No like they always say nothing in life is free right? Well actually you can get Bitcoin for free, imagine that. I think that's the real reason so many people are so against bitcoin. It give people a way to sit in front of a computer and make money without having to answer to a boss or corporation. It allows people that are not able to get to jobs because of lack of transportation or something else like a criminal background to still make money and survive int he world today. For example I was laid off about a year ago. Since then I have had some minor run ins with the law and ended up with a criminal background I am not proud of, but over the last year I have completely turned my life around and am no longer the same person I used to be. That doesn't matter though because whn I apply for a job they just see my criminal past and don't look any further. Bitcoin has giving me a way to at least stay afloat and get by. Meaning I can put a roof over my head most of the time and food n my stomach. Without the oppertunity to get these free bitcoins myself and many others wouldnt be able to survive. SO to ban it because SOME people use it for bad is bullshi*!

You are right. The US dollar is the most widely used drug money, but it is not banned. Because most US dollars are used for legitimate purpose.
8  Bitcoin / Bitcoin Discussion / Re: China BTC Exchanges now accepting direct bank deposits! HUGE on: November 03, 2015, 08:30:31 PM
Weren't deposits disabled because of a Chinese law? If I remember correctly they stopped allowing deposits on Bitcoin exchanges accounts and invited such exchanges to close their accounts... What happened meanwhile?

In the past two years, Chinese citizen can use vouchers or third party payment processors to deposit and withdraw money into/from exchanges. It cost money and time. Now they can do it directly. It looks the previous ban was lifted.
9  Bitcoin / Bitcoin Discussion / Re: Russia Proposes Jail Sentence for Bitcoin Activities on: November 03, 2015, 07:14:27 PM
I really hope russia does not do this. Russians are still a vital part of the market.

chinese are more vital than russia can ever dream about, they are only cutting their legs with this

it must be said also that many hackers are from russia, this in some way can be beneficial to reduce the hacking attempt for bitcoin

That is right. Chinese support the bitcoin network by providing most the mining power. It supplies most of the miners. Its mining pools are the biggest in the world. The Chinese exchanges are most active. China is the most important part of bitcoin community.

Russia has cheap energy, it should mine most of the bitcoin blocks. However, it missed the boat.
10  Bitcoin / Legal / Re: Australia Says Bitcoin is Money – Japan says Bitcoin can’t be owned on: November 03, 2015, 04:34:17 PM
The title of this threading is quite misleading. You can still own bitcoin in Japan. But if you lose it, or stolen by somebody, you cannot claim it back.

The Japanese will change the stance in a few year's time when bitcoin becomes popular in other countries.
11  Bitcoin / Bitcoin Discussion / Re: Russia Proposes Jail Sentence for Bitcoin Activities on: November 03, 2015, 01:00:53 PM
The more Russia bans bitcoin, the more bitcoin becomes an embodiment of freedom.

I feel that soon they'll target and lock down LocalBitcoins sellers. I hope they don't cross the line with that.

The ban just means there is no financial freedom in Russia. When the bitcoin is widely adopted in the world, the Russia is later for the game. They will lose even more.
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