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Author Topic: [2017-06-06] Vladimir Putin Is Getting Interested in Bitcoin's Biggest Rival  (Read 7890 times)
elite3000
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June 07, 2017, 03:31:48 PM
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Ethereum, the world’s largest cryptocurrency after bitcoin, has caught the attention of Vladimir Putin as a potential tool to help Russia diversify its economy beyond oil and gas.

Putin met Ethereum founder Vitalik Buterin on the sidelines of the St. Petersburg Economic Forum last week and supported his plans to build contacts with local partners to implement blockchain technology in Russia, according to a statement on Kremlin’s website.

“The digital economy isn’t a separate industry, it’s essentially the foundation for creating brand new business models,” Putin said at the event, discussing means to boost growth long-term after Russia ended its worst recession in two decades.

Virtual currencies could help the economy by making transactions happen more quickly and safely online. Besides being a method of exchange, Ethereum can also serve as a ledger for everything from currency contracts to property rights, speeding up business by cutting out intermediaries such as public notaries.

https://www.bloomberg.com/news/articles/2017-06-06/putin-eyes-bitcoin-rival-to-spur-economic-growth-beyond-oil-gas
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June 08, 2017, 01:23:37 PM
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Opps. Its the Russian again. I now don't believed anything that came from Russian media specially about the crypto industry. Personally, Russia is anti-bitcoin for me. And I don't think they have intentions to embrace any crypto's that they can't control. They are just riding into the bitcoin popularity now and no matter what they say, I will take it with a grain of salt.
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July 25, 2017, 10:51:04 AM
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Exactly.. and all we see is ETH scammers pouring on fake up to boost the ICO scam coin price.
You think they are banning VPN's but are going to embrace Ethereum ? LOL
Idiots ahhahahahha  Cheesy

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July 25, 2017, 01:14:01 PM
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Opps. Its the Russian again. I now don't believed anything that came from Russian media specially about the crypto industry. Personally, Russia is anti-bitcoin for me. And I don't think they have intentions to embrace any crypto's that they can't control. They are just riding into the bitcoin popularity now and no matter what they say, I will take it with a grain of salt.

In Russia, the crypto currency is not developing and is not being controlled. If the president of Russia showed interest in the crypto currency, it is only because he was hurt that his citizens use the currency and do not pay taxes for it. Russia is a country of total control and prohibitions, I do not believe that bitcoin will be legalized there

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