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Author Topic: [2015-11-28] Russia's Finance Ministry Wants to Ban Bitcoin, Not the Blockchain  (Read 339 times)
tyz (OP)
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November 28, 2015, 03:08:22 PM
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In a new interview with CoinDesk, Russia’s Ministry of Finance opened up about bitcoin and blockchain technology.

http://www.coindesk.com/russia-ban-bitcoin-not-blockchain/
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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November 29, 2015, 02:18:24 AM
 #2

In a new interview with CoinDesk, Russia’s Ministry of Finance opened up about bitcoin and blockchain technology.

http://www.coindesk.com/russia-ban-bitcoin-not-blockchain/

Laughable - He gives reasons of money laundering and terrorism financing, but states that he does not view Bitcoin as a threat to the Rouble. It is typically countries with weak currencies which are afraid of Bitcoin.


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November 29, 2015, 11:21:47 AM
 #3

Let them ban Bitcoin. This won't change anything.
When the people think that Bitcoin can safe them value in contrast to the weak rouble, they will buy it.
Dark markets exist everywhere, and there will be demand.
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