Bitcoin Forum
December 05, 2016, 08:42:14 PM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Poll
Question: Why is the Russian Federation so interested in Bitcoin
Russian Mob - 27 (32.5%)
Russian Hacker - 10 (12%)
Investing for the future. - 23 (27.7%)
Russian Government - 14 (16.9%)
No particular Reason - 9 (10.8%)
Total Voters: 83

Pages: [1] 2 »  All
  Print  
Author Topic: Why is the Russian Federation so interested in Bitcoin  (Read 4801 times)
bitcoinconnection
Jr. Member
*
Offline Offline

Activity: 56



View Profile
June 06, 2011, 01:15:52 AM
 #1

I have noticed on Google Trend The Russian Federation has a very large number of searches. Could elements of the Russian Mob be ready to invest in Bitcoin? It could be a great way to launder money from country to country untraceable. Or Russian hackers are notorious for cracking system to make money.This is the Google Trend link http://www.google.com/trends?q=bitcoin&ctab=0&geo=all&date=all&sort=0
See more at http://www.bitcoinconnection.com
kt





Lookie Here 1MXgbEABic6Up7e3SzHrmkdQTTSRpuUAxY
Get 10% discount for Life and up to 5% for referral  http://www.tradehill.com/?r=TH-R1960

1480970534
Hero Member
*
Offline Offline

Posts: 1480970534

View Profile Personal Message (Offline)

Ignore
1480970534
Reply with quote  #2

1480970534
Report to moderator
1480970534
Hero Member
*
Offline Offline

Posts: 1480970534

View Profile Personal Message (Offline)

Ignore
1480970534
Reply with quote  #2

1480970534
Report to moderator
"There should not be any signed int. If you've found a signed int somewhere, please tell me (within the next 25 years please) and I'll change it to unsigned int." -- Satoshi
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1480970534
Hero Member
*
Offline Offline

Posts: 1480970534

View Profile Personal Message (Offline)

Ignore
1480970534
Reply with quote  #2

1480970534
Report to moderator
1480970534
Hero Member
*
Offline Offline

Posts: 1480970534

View Profile Personal Message (Offline)

Ignore
1480970534
Reply with quote  #2

1480970534
Report to moderator
Astro
Sr. Member
****
Offline Offline

Activity: 242



View Profile
June 06, 2011, 01:21:58 AM
 #2

It could be a great way to launder money from country to country untraceable.

This
Bazil
Full Member
***
Offline Offline

Activity: 126


View Profile
June 06, 2011, 01:22:12 AM
 #3

Places with high oppression seem to have high interest (Russia, China).  Bitcoin allows them to do things out from under big brother's eye.

17Bo9a6YpXN2SbwY8mXLCD43Wup9ZE4rwm
mewantsbitcoins
Full Member
***
Offline Offline

Activity: 126


View Profile
June 06, 2011, 01:29:10 AM
 #4

Places with high oppression seem to have high interest (Russia, China).  Bitcoin allows them to do things out from under big brother's eye.

Yes, it probably has more to do with ordinary people being desperate to escape oppressive governments than anything else
CoinMan
Member
**
Offline Offline

Activity: 104



View Profile
June 06, 2011, 02:11:22 AM
 #5

I'd say it's because there are plenty of people from Russia living in the USA who still have strong ties to home and Bitcoin makes it easier for us them to send money back home.  It's also nice to take large sums of bitcoin with you on a USB stick and not have to declare the "cash" when going for a visit between USA/Russia.

...and maybe Russian Mafia likes it Smiley

CoinMan



My Bitcoin Identity
Bitcoin: 183DFFQXR4xCyseBXzmh3XWc22izDWE5Dw
Dobrodav
Full Member
***
Offline Offline

Activity: 140


View Profile
June 06, 2011, 02:20:35 AM
 #6

Russians are extremely interested:
1) Ease way to move money. Even high corruption level did not help with avoiding high taxes and fees in that field anymore. At list for regular citizens.
2) Way to save money. Instability of Ruble is known, and regular citizen have no even a bit of trust in government regulation of it. 1998 year was harsh, and will not be forgotten for next 30-50 years (next 1 or 2 generations).
  2a) Russian citizens cant trust the dollar, for their savings - that paranoia is in our genome. Looks like it good practise (my own paranoia  Huh).
  2b) We see, that for unknown reason Russian government trust dollar to much, and that makes us more suspicious to our government and                   dollar both. ( Russian mentality always counts government like somebody who wants to cheat you. And, of course, you should answer with cheating  government when possible, but this is another story).
  2c) We cant trust in euro, because it is wired to tight with IMF (and they wired to $).
  2d) We cant trust in oil prices, because oil prices are instable.
  2e) We hardly can use gold, diamonds and precious metals, - they are overtaxed (Prisons here are not so comfortable).
3) Opportunity for FREE (relatively) money. Price of electricity  is steel low, relatively to European country's.
4) We just like to try something new (well, you should not be surprised - 1917, 1991 as fresh examples).
5) We are ambitious and lazy together. I am doubt that you will find any Russian immigrant  working in some dumb  house cleaning business more than 5 years after arriving in new country.

Well, there is always something else. Maybe i am mistaken somewhere. Feel free to discuss.

We will  meet in not-so-distant future.
Today`s strange music :
http://www.youtube.com/watch?v=V8mCgjbBPMk
Yesterday`s  strange music:
http://www.youtube.com/watch?v=-uCTyC1FGLw
CoinMan
Member
**
Offline Offline

Activity: 104



View Profile
June 06, 2011, 03:06:49 AM
 #7

Russians are extremely interested:
1) Ease way to move money. Even high corruption level did not help with avoiding high taxes and fees in that field anymore. At list for regular citizens.
2) Way to save money. Instability of Ruble is known, and regular citizen have no even a bit of trust in government regulation of it. 1998 year was harsh, and will not be forgotten for next 30-50 years (next 1 or 2 generations).
  2a) Russian citizens cant trust the dollar, for their savings - that paranoia is in our genome. Looks like it good practise (my own paranoia  Huh).
  2b) We see, that for unknown reason Russian government trust dollar to much, and that makes us more suspicious to our government and                   dollar both. ( Russian mentality always counts government like somebody who wants to cheat you. And, of course, you should answer with cheating  government when possible, but this is another story).
  2c) We cant trust in euro, because it is wired to tight with IMF (and they wired to $).
  2d) We cant trust in oil prices, because oil prices are instable.
  2e) We hardly can use gold, diamonds and precious metals, - they are overtaxed (Prisons here are not so comfortable).
3) Opportunity for FREE (relatively) money. Price of electricity  is steel low, relatively to European country's.
4) We just like to try something new (well, you should not be surprised - 1917, 1991 as fresh examples).
5) We are ambitious and lazy together. I am doubt that you will find any Russian immigrant  working in some dumb  house cleaning business more than 5 years after arriving in new country.

Well, there is always something else. Maybe i am mistaken somewhere. Feel free to discuss.

I'd say these points are right on!  Yes, after 1992 it was USD under the pillow, then Euro, now a USB stick full of bitcoins, encrypted with truecrypt....Russian ppl sleeping much better at night now thanks to bitcoin!  Grin

My Bitcoin Identity
Bitcoin: 183DFFQXR4xCyseBXzmh3XWc22izDWE5Dw
Jaime Frontero
Full Member
***
Offline Offline

Activity: 126


View Profile
June 06, 2011, 03:51:30 AM
 #8

because the national sports of russia are politics, and chess.
error
Hero Member
*****
Offline Offline

Activity: 574



View Profile
June 06, 2011, 03:51:53 AM
 #9

because the national sports of russia are politics, and chess.

You forgot drinking. Cheesy

15UFyv6kfWgq83Pp3yhXPr8rknv9m6581W
stic.man
Full Member
***
Offline Offline

Activity: 168


View Profile
June 06, 2011, 03:54:15 AM
 #10

i know of some people in Belarus that are very interested after their recent inflation woes
shakaru
Sr. Member
****
Offline Offline

Activity: 364


View Profile WWW
June 09, 2011, 04:43:20 PM
 #11

I do love your logic.
So lets take the US population, divide by the number of people who "would most likely discover bitcoin" and you have a ratio far higher than russian google trends. You did however prove that russia can both use google and search for bitcoin at a specific rate. That is all.

GideonGono
Sr. Member
****
Offline Offline

Activity: 398


Long Live The FED


View Profile WWW
June 09, 2011, 05:32:43 PM
 #12

The Russians experienced hyperinflation during the last days of the soviet union. They know what it feels like to have your life savings stolen by the elites through inflation, so they don't have the irrational fear of deflation that Bernanke's worshipers have.

freespirit
Full Member
***
Offline Offline

Activity: 161


View Profile
June 09, 2011, 08:11:04 PM
 #13

While money laundering may be a factor, I for one consider what I call a "fiscal fascism" the primary reason.

You would not believe how many hurdles all sorts of bureaucrats/"controlling authorities"/etc. create for business folk over there.

Not to mention that it is just plain dangerous to be successful in Russia, the more successful your business is the more attractive it is to the so called "police" (that includes all sorts of "special forces" like "FSB" and former KGB people who are never "former" as they themselves say) and other "authorities" whose real main "job" is to prey on successful businessmen, take away their business (for themselves, their relatives and friends etc.) and put behind bars those who would not give away their businesses/wealth willingly (those who are lucky flee the country with [some] of their capital, and those without luck or who are too stubborn often end up dead).

It is just unimaginable for an average western person.

So any form of payment uncontrollable/untraceable for Russian [occupational] authorities is a blessing for Russia's business folk Smiley

Check this out for example: http://translate.google.com/translate?js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&sl=ru&tl=en&u=http%3A%2F%2Fchich8.livejournal.com%2F48486.html



So if you think that the US fiscal authorities are tough, think again Smiley

Want more horror stories? Have a good read at http://russian-untouchables.com/
MarketNeutral
Sr. Member
****
Offline Offline

Activity: 364


View Profile
June 09, 2011, 08:15:01 PM
 #14

"In Soviet Russia, bitcoin mines you!"
 Roll Eyes
freespirit
Full Member
***
Offline Offline

Activity: 161


View Profile
June 09, 2011, 08:19:30 PM
 #15

"In Soviet Russia, bitcoin mines you!"
 Roll Eyes

If only it were bitcoins only Smiley
GideonGono
Sr. Member
****
Offline Offline

Activity: 398


Long Live The FED


View Profile WWW
June 10, 2011, 03:02:44 AM
 #16

Russians are extremely interested:
1) Ease way to move money. Even high corruption level did not help with avoiding high taxes and fees in that field anymore. At list for regular citizens.
2) Way to save money. Instability of Ruble is known, and regular citizen have no even a bit of trust in government regulation of it. 1998 year was harsh, and will not be forgotten for next 30-50 years (next 1 or 2 generations).
  2a) Russian citizens cant trust the dollar, for their savings - that paranoia is in our genome. Looks like it good practise (my own paranoia  Huh).
  2b) We see, that for unknown reason Russian government trust dollar to much, and that makes us more suspicious to our government and                   dollar both. ( Russian mentality always counts government like somebody who wants to cheat you. And, of course, you should answer with cheating  government when possible, but this is another story).
  2c) We cant trust in euro, because it is wired to tight with IMF (and they wired to $).
  2d) We cant trust in oil prices, because oil prices are instable.
  2e) We hardly can use gold, diamonds and precious metals, - they are overtaxed (Prisons here are not so comfortable).
3) Opportunity for FREE (relatively) money. Price of electricity  is steel low, relatively to European country's.
4) We just like to try something new (well, you should not be surprised - 1917, 1991 as fresh examples).
5) We are ambitious and lazy together. I am doubt that you will find any Russian immigrant  working in some dumb  house cleaning business more than 5 years after arriving in new country.

Well, there is always something else. Maybe i am mistaken somewhere. Feel free to discuss.

Thumbs up, Russians Wink

Serge
Legendary
*
Offline Offline

Activity: 1050


View Profile
June 10, 2011, 03:19:12 AM
 #17

Russians are extremely interested:
1) Ease way to move money. Even high corruption level did not help with avoiding high taxes and fees in that field anymore. At list for regular citizens.
2) Way to save money. Instability of Ruble is known, and regular citizen have no even a bit of trust in government regulation of it. 1998 year was harsh, and will not be forgotten for next 30-50 years (next 1 or 2 generations).
 2a) Russian citizens cant trust the dollar, for their savings - that paranoia is in our genome. Looks like it good practise (my own paranoia  Huh).
  2b) We see, that for unknown reason Russian government trust dollar to much, and that makes us more suspicious to our government and                   dollar both. ( Russian mentality always counts government like somebody who wants to cheat you. And, of course, you should answer with cheating  government when possible, but this is another story).
  2c) We cant trust in euro, because it is wired to tight with IMF (and they wired to $).
  2d) We cant trust in oil prices, because oil prices are instable.
  2e) We hardly can use gold, diamonds and precious metals, - they are overtaxed (Prisons here are not so comfortable).
3) Opportunity for FREE (relatively) money. Price of electricity  is steel low, relatively to European country's.
4) We just like to try something new (well, you should not be surprised - 1917, 1991 as fresh examples).
5) We are ambitious and lazy together. I am doubt that you will find any Russian immigrant  working in some dumb  house cleaning business more than 5 years after arriving in new country.

Well, there is always something else. Maybe i am mistaken somewhere. Feel free to discuss.

Dollar is strong in Russia, been that way a few decades, at least. I cannot see how.. if I offer a payment for some thing in dollars or rubles to any Russian, you will prefer rubles over dollar? seriously? ))  Shocked
AnonymousBat
Member
**
Offline Offline

Activity: 111


View Profile
June 10, 2011, 03:40:13 AM
 #18

Hopefully they'll dump their USD reserves into bitcoins.
error
Hero Member
*****
Offline Offline

Activity: 574



View Profile
June 10, 2011, 03:41:47 AM
 #19

I'd rather have a dollar than a ruble, though I'd rather have a bottle of vodka - or a bitcoin - than a dollar.

15UFyv6kfWgq83Pp3yhXPr8rknv9m6581W
hoo2jalu
Member
**
Offline Offline

Activity: 70



View Profile
June 10, 2011, 05:52:24 AM
 #20

...
Dollar is strong in Russia, been that way a few decades, at least.

Dollar is global reserve currency... for now. Some in east bloc just early adopters it seems. Wink

Every nation except USA would love new reserve currency, but changing one fiat fad for another is not winning strategy. But non-fiat, non-physical reserve? That could be interesting!
Pages: [1] 2 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!