Why is the Russian Federation so interested in Bitcoin

[Dobrodav]

realmeas

is right.
   After some investigation i am should agree with them. There is some (very little) tendency to hoard BTC`s, but surprisingly, there is much more interest in speculation game. That can be seen even from commentaries on topics about BTC in local internet media. Thats topics are rare by the way, so far i am seen only 3 worse any mention, of them. Commentaries are  mostly negative, but very rational, - nobody starts blind offence, and behind every comment i am see question - how to make profit on BTC, and do not loose savings.
   That`s make me wander, that i am, somehow, allready overexcited  with BTC`s, and should take more careful approach to them. From other side, - i am not risking any serious amount anyway, and already gain good profit.
   So i am think that resolution should look like this -
 Many Russians are interested in BTC, but steal waiting for some signal to start operate with them (except mining, that is already  going and spreading like fire). That signal... wait, that signal may be declaring BTC behind the law .

[uniman]

Russians are extremely interested:

I think most of what you just said can be boiled down to the "store-of-value" function of money.  Fiat money is busy dying and taking everybody's hard earned value with it.  Governments simply cannot be trusted around money.  That's why they so tenaciously try to ensure that anything to do with money flows through their system.  Commodities can serve as a store of value, but their physical presence attracts predators.  Plus, they are hard to preserve, appraise, and move around.

Bitcoins so neatly solves all these problems and I predict its greatest use, or at least its initial "killer app" is going to be as a store of value.  Anybody who buys into this is going to _expect_ that their stash retains at least the purchasing power of the fiat they traded.  Maybe that's wishful thinking, but that's common psychology nonetheless.  No matter what happens to the BTC ecosystem, unless it's 100% eradicated, the holders of the BTC will bring the system back to life, in order to recover their value.  You'd need a world-wide prison planet to snuff this.  Sure, that's the ambition of many politicos, but that's not going to happen.  And with BTC in our arsenals it's now a bit less likely than before.

[Sjalq]

Russians are extremely interested:

I think most of what you just said can be boiled down to the "store-of-value" function of money.  Fiat money is busy dying and taking everybody's hard earned value with it.  Governments simply cannot be trusted around money.  That's why they so tenaciously try to ensure that anything to do with money flows through their system.  Commodities can serve as a store of value, but their physical presence attracts predators.  Plus, they are hard to preserve, appraise, and move around.

Bitcoins so neatly solves all these problems and I predict its greatest use, or at least its initial "killer app" is going to be as a store of value.  Anybody who buys into this is going to _expect_ that their stash retains at least the purchasing power of the fiat they traded.  Maybe that's wishful thinking, but that's common psychology nonetheless.  No matter what happens to the BTC ecosystem, unless it's 100% eradicated, the holders of the BTC will bring the system back to life, in order to recover their value.  You'd need a world-wide prison planet to snuff this.  Sure, that's the ambition of many politicos, but that's not going to happen.  And with BTC in our arsenals it's now a bit less likely than before.

I couldn't agree more.

There is no chance of international outlawing.
Local outlawing will be met with distant jurisdiction cash outs.
Bitcoin's biggest threat is a better bitcoin.

[Torminalis]

I heard on BBC Radio 4 the other day that in Russia, £1.8bn worth of bribes are exchanged each year. Bitcoin could certainly be very useful to them.

[onesalt]

Russia likes bitcoin since it's (unfortunately) an excellent way to launder money. Flooz The last big online currency was so rife with this it was actually shut down because of it. It's a shame but sadly something all too prevalent with online currencies.

[daron808]

If the economy crumbles in your country, then you too will be interested in everything that money can bring

[wndrbr3d]

It is rather difficult to send more than ~7k$ from Russia to any EU/USA account via bank money transfer. The Governament tax service is sure to be interested about this transfer (Especially it is "black" money).
But BTC transactions allow Russian people to avoid this barrier

[IndependentWild87]

The Russians are always upgraded in the case of technology and the may find that bitcoin is the most beneficial platform and it has a big future thats why.

[GreenInformation547]

They are interested in bitcoin because they understand the advantages of bitcoin also they can predict the future of bitcoin.

[ajaymukund]

As far as I know, Russia is very good at economics, politics and military. Therefore, they soon realize the potential, the development trend of bitcoin money, I am not surprised. I think in the future not only Russia but bitcoin will grow strongly, attract investors and will be confirmed many countries around the world.

[Crungcrungtin]

Obviously, it's huge amount of money is bitcoin...
Even you, if you mined in you house.. And surely that you earn.. You like getting the jackpot outta nowhere 

[realcrypto]

There is no technologically oriented country that will not be attracted to bitcoin and blockchain. Don't worry about countries that are pretending to fight bitcoin, they are really interested in bitcoin and the technology behind it.

[tonyosa]

Bitcoin has come out of the dark to the open, it is no longer a tool in the hands of illicit actors, I think the searches on google trends are for investments