WAVES | Ultimate crypto-tokens blockchain platform | SMART CONTRACTS COMING!

[Nefelo]

Source: https://tomluongo.me/2017/10/16/russias-crypto-ruble-changed-capital

Russia’s Crypto-Ruble Just Changed the Game
OCTOBER 16, 2017 / TOM LUONGO

The crypto-ruble is confusing a lot of people. It shouldn’t.  Putin just took the lead in Crypto-technology.

For weeks now we’ve been getting very mixed signals out of the Russian Government about cryptocurrencies.  On the one hand we see it embracing the new technology while at the same time going on the warpath against them.

Because of that there is a lot of confusion in people’s minds as to what the endgame for cryptos in Russia looks like.  I’ll try to clear this confusion up given what we know.

But, suffice it to say, this is very good news for both Bitcoin and the Russian economy.  Give me a few minutes and I’ll explain why.

Putin’s Law

Vladimir Putin is very much a law and order kinda guy. If you watch Putin operate in the public arena he always does so with an eye towards the law.  He believes strongly in the law.  And cryptocurrencies, despite their obvious benefits to a Russian economy that needs the type of disintermediation cryptos offer, operate in a legal gray area that makes Putin uncomfortable.

So, the goal with Russian official crypto-policy is to stamp out the illegal activities – the money laundering, terrorism-financing, human-trafficking, etc. – while simultaneously using the technology to modernize Russia’s internal capital handling capabilities.

This is what the crypto-ruble is all about.  It is a way for Russia and Russians to provide a gateway between the crypto-world and the so-called real one.  It ensures that this new form of ruble properly tracks capital flow through the Russian economy.

By taxing crypto-rubles at the capital gains rate for those that cannot provide a paper-trail of ownership, Russia and Putin are incentivizing the development of low-cost crypto-payment systems to exchange rubles for goods only in cryptocurrencies that also track ownership, like Ethereum and others that have transparent blockchain histories.

The Russian Capital Invitation

Putin is openly inviting investment capital into Russia that is legal and above board.  Russia wants legitimate businesses to operate in Russia in whatever currency they like as long as that business is transparent.

The crypto-ruble provides the means by which to convert, transaction-cost-free, back into the national ‘fiat’ currency to pay bills, taxes and the like.  This is in direct opposition to how the U.S., for example, treats cryptocurrencies.

The 2014 I.R.S. rule that classified Bitcoin as ‘property’ means that every Bitcoin transaction, no matter how minor, creates a potential capital gains event.  It means that buying a cup of coffee at Starbucks in Bitcoin is taxable for both the person buying the coffee (capital gains on the sale) and Starbucks when they go to sell those Bitcoins, buy dollars and pay salaries, order supplies, etc.

It’s why the capital that has moved into cryptocurrencies isn’t moving back out.  It’s why the ICO market has exploded.  Billions in profits actively looking for new investment opportunities without paying taxes.

It’s also the main reason why Amazon, for example, doesn’t take Bitcoin.  Who wants that hassle?

Can you imagine Amazon’s Schedule D if it accepted Bitcoin?

The crypto-ruble’s structure dispenses with that for those that can prove ownership via the blockchain.  Bitcoin allows for transaction transparency, so does Ethereum, Litecoin and many others.

Now, cryptos can exist side-by-side with rubles without worrying about the threat of double taxation, unless you earned your money in the murk, at which point Russia wants 13% capital gains.  This new system won’t bring that capital back into the Russian economy, but it wasn’t coming back anyway.

Russia Embraces its Own Cryptos

By calling Bitcoin as a Ponzi scheme and an avenue for money laundering Putin and the Bank of Russia are simply attacking technologies that are not home-grown.  They are, like every other person in the markets, ‘talking their book.’

Putin would prefer people use platforms that are Russian.  Remember, he’s also a nationalist trying to bring Russia prestige in this important market going forward.

Ethereum and WAVES are both platforms designed by and built for Russia. So, you’ll notice that Putin has never spoken out against Ethereum.  WAVES continues to fly under a lot of people’s radar, but it is just as disruptive as Ethereum.

They both provide a platform to act as Infrastructure as a Service (IaaS) for the next generation of internet-based applications.  Ethereum is a kind of operating system for Internet 3.0 while WAVES is next generation forex exchange as well as providing an easy platform for issuing new public/private equity.

WAVES is what will back the Moscow Exchange’s move to trade cryptocurrencies and their derivatives.  It will act at the gateway for all of the currency exchanges.  So, if you have dollars, Bitcoins, rubles or Ethereum you can buy and sell stocks on the Moscow Exchange eventually.

All nice and legal.  All above-board.

Evil Putin is looking for pension-fund investors seeing Russian bonds trading above 7% and he just gave fund managers a way to come in through the crypto-back door.

Don’t think for a second that Putin doesn’t like Bitcoin as a means to attract investor capital.  This is what Russian Miner Coin is all about.  He just wants it to be regulated so it can ensure the public sphere is maximized.

The Fight for Capital in Flight

Capital will always flow to where it is treated best.

Given the tenuous situation in the global financial and p0litical systems, Russia’s stable government is an asset. What investors need is the confidence of being able to get their money out after putting it back in.

The scheme for the crypto-ruble is part of that confidence-building process.

I know now, as an American investor, I can, for example, invest in a Russian company’s stock or bond offering directly.  I can get paid my dividends or coupons in crypto-rubles, immediately exchange them for bitcoins or whatever currency I want to use as I see fit.

Oh, and if I never convert them back to dollars, I can put off paying taxes until I do.

That’s not really possible now, especially with sanctions.  If it is possible, it’s expensive and a major hassle.  Putin is a smart man with an excellent team around him.  Moves like this are made in response to aggressive moves made by the U.S. to starve his country of capital, i.e. John McCain’s sanctions.

He and his team understand that providing a platform by which capital can enter Russia that is barred through normal means now is key to surviving the next couple of years.  It’s not his responsibility to monitor what U.S. investors do, only that they comply with Russian law.

First-mover advantage is important here.  If Russia continues to develop blockchain technology and embrace it in a relatively tax-free way, it won’t matter that it is ‘regulating’ the beautiful decentralized market of cryptos.

What will matter is that Russia treats its crypto-investors better than everyone else.  In the fight for global capital flows, you don’t have to be perfect, you just have to be slightly better than everyone else.  Arbitrage will take care of the rest.

And tax-free ruble/crypto exchange is the killer app that the crypto-market has been looking for to take it to the next level.

Russia got there first.

"WAVES is what will back the Moscow Exchange’s move to trade cryptocurrencies and their derivatives". This is the key.
 When are we going to have more info about this is the question.
 Thanks for the article.

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[wavessurfing]

i would suppose that the model should be waves, but i may be wrong.

[BlackTurtle]

Even without russia waves has a great future.

[RAGEmond]

long time ago since we heard sasha in BCT I think he doesn't like the forum since they closed his originaltopic .. did he mention something?

[MaGNeT]

Twitter: https://twitter.com/wavesplatform/status/920742441812185088

Source: http://wavescommunity.com/waves-best-bug-hunter

[evergrow]

Waves is still totally undervalued. There should be a big price jump very soon. With their new designed DEX exchange and great developement, waves looks unstopable to me. Great times ahead of us.

I believe the same as described above.
Waves' price has been suppressed for ages now, I'm pretty sure there will be a new run up soon

Also, Waves iOS DEX? Niiiice

[BeggarInCryptos]

I still didn't understand what you have to do to buy yourself an alias for your Waves address, and how you could use it then exactly.

Creating an alias is quite easy.
In your Waves Lite client, click on the "user profile" button, it's next to the "log out" button in the upper right corner.

Once you create one or more aliases, you can then receive coins on your alias instead of your Waves address.

To send me Waves or Waves tokens, you can send them to "turing" instead of "3P874i7zwUFWBhkMGpGxv4t5gGgrqWg5pkK".

Thanks, this is indeed a very cool option. I have just managed to create my first alias following your instructions. However I have noticed that they don't accept big caps letters, that's quite weird.

i find that a good thing though i used kelsey prevents someone using Kelsey and scaming etc(i've had people pretend they are me on crypto chats etc by using a capital "i" to replace the small "l" in kelsey).

OK, now I understand, you are absolutely right! This is an aspect I didn't think at. Allowing capital letters you would have sooo many scammers to make the system totally unsustainable.

[NASdaq]

What happens to all these Coinomat assets when NXT devs move to ARDOR?

[narielle]

Waves Platform Events 2017 [Updating]

http://wavescommunity.com/waves-platform-events-2017-updating/

Waves Platform is attending dozens of events, conferences, hackathons and meetups worldwide. Here’s a list of the closest ones:

October 1-3, 2017 – “Blockchain: Formula of the Future” All-Russian Forum in Ufa, Russia. Waves backend developer Sergei Tolmachev talking about the functions of Waves DEX. Waves Platform is awarding the Hackathon winners with 900 $WAVES! (500 for the 1st place, 300 for the 2nd place and 100 waves for the 3rd place).
Website: https://blockchainufa.timepad.ru/event/571270/

October 21, 2017 – Blockchain Partners Korea / #Hashed Lounge, Seoul, Republic of Korea. Alexander Ivanov is to speak about the future of Blockchain.
Website: https://www.evernote.com/shard/s22

October 25, 2017 – BCS ALGO Conference 2017, Moscow, Russia. Philipp Filippak, Waves Platform developer is reviewing decentralized exchanges.
Website: http://capital.derex.ru/

October 27, 2017 – BlockBali, Bali, Indonesia. Alexander Ivanov featuring perspectives for development and application in Blockchain Technologies.
Website: http://www.blackarrowconferences.com/blockbali

November 6-9, 2017 – Web Summit 2017, Lisbon, Portugal.  Waves Platform team is attending, the details are TBA.
Website: https://websummit.com/

November 11, 2017 – Blockchain & Cryptocurrency Conference, Tokyo, Japan. Alexander Ivanov is a speaker, the topic is still TBA.
Website: https://www.ico.blockchain-labo.jp/conference

November 29-30, 2017 – BlockShow Asia, Singapore. “Addressing the Biggest Issues of the ICO economy” discussion panel.
Website: https://blockshowasia.com/

This list is updated as we confirm the events. Latest update: Oct 18, 2017.
Would you like to organize a meetup or reach out with any ideas? Please feel free to contact us!

[Virtuoso]

Wow, there are really a lot of upcoming events for waves in the next time. This is so great to see, because of this many new people will join the community. the userbase is growing day by day.

[Romanknickl]

Waves is still totally undervalued. There should be a big price jump very soon. With their new designed DEX exchange and great developement, waves looks unstopable to me. Great times ahead of us.

I believe the same as described above.
Waves' price has been suppressed for ages now, I'm pretty sure there will be a new run up soon

Also, Waves iOS DEX? Niiiice

I agree!
$waves is the coin in 2018!
waves will lead the next altcoinpump

the old bitcointalk page is closed = very bullish

Something major will happen with waves.
There are so many shitcoins, many crypto user still don't know that waves was one of the biggest ICO's in crypto history and
huge whales are on board!
For me it's the ETH 2.0 , seriously!!

I wouldn't suprised if waves will hit about 100USD in the year 2018!
a x20 is easy possible in the long run!

I am just buying the tips at the moment!

I never saw such a shakeout before!
The next bull run will be HUGE.
be ready for it!

[daylox]

Waves is still totally undervalued. There should be a big price jump very soon. With their new designed DEX exchange and great developement, waves looks unstopable to me. Great times ahead of us.

Waves is decent platform with many ICOs, although those ICOs don't perform well. Waves can better if they continue innovating, how much fund does the team have now?

[evergrow]

http://i67.tinypic.com/1zocd9t.jpg

What happens to all these Coinomat assets when NXT devs move to ARDOR?

I've seen this image many times now but I don't understand, could you elaborate? It seems this is being ignored. Are you saying Coinomat did not properly convert the assets to the new chain?

[MatLeeH]

Waves is still totally undervalued. There should be a big price jump very soon. With their new designed DEX exchange and great developement, waves looks unstopable to me. Great times ahead of us.

Absolutely. Waves NG coming, iOS-App, New DEX. So many nice things are still in development. In my opinion patience is the key an 2018 will be the year of WAVES.

[Mallyx]

Waves is still totally undervalued. There should be a big price jump very soon. With their new designed DEX exchange and great developement, waves looks unstopable to me. Great times ahead of us.

Absolutely. Waves NG coming, iOS-App, New DEX. So many nice things are still in development. In my opinion patience is the key an 2018 will be the year of WAVES.

The current price is a nice entry into the market !
It may drop a little more, to 60k in an attempt to break the 71% fibbo retracement, but I don't think it's going lower.

[MatLeeH]

Waves is still totally undervalued. There should be a big price jump very soon. With their new designed DEX exchange and great developement, waves looks unstopable to me. Great times ahead of us.

Absolutely. Waves NG coming, iOS-App, New DEX. So many nice things are still in development. In my opinion patience is the key an 2018 will be the year of WAVES.

The current price is a nice entry into the market !
It may drop a little more, to 60k in an attempt to break the 71% fibbo retracement, but I don't think it's going lower.

Where do you see the price at the end of the year?

[JanpriX]

Waves is still totally undervalued. There should be a big price jump very soon. With their new designed DEX exchange and great developement, waves looks unstopable to me. Great times ahead of us.

Absolutely. Waves NG coming, iOS-App, New DEX. So many nice things are still in development. In my opinion patience is the key an 2018 will be the year of WAVES.

The current price is a nice entry into the market !
It may drop a little more, to 60k in an attempt to break the 71% fibbo retracement, but I don't think it's going lower.

Same thought here. It may try to test that support (60k) though people are supporting that line heavily. Price is really tanking right now as more people are trying to get their BTC back from alts for the BTC gold distribution. It is just a, somehow, disappointing thing that even though we have so many good news, we are still affected heavily by BTC's price. Hopefully, this would change in the future and see a significant increase in terms of its price.

[zneww]

Are there any risks to lend waves to a pool? Can I immediately take back if I need my waves?

[MatLeeH]

Are there any risks to lend waves to a pool? Can I immediately take back if I need my waves?

There is no risk and you can stop leasing anytime.

[m3mbr44n]

Is there a website (except for the Waves DEX) that gives a good overview of all the waves tokens and its current market price? So that I can easily skim the shit-tokens from the good ones? Now I have to go through them one-by-one on the DEX, but would be nice to have something more efficient