Will Russia beat every country at creating their first national cryptocurrency?

[tukangkopi]

are they going to roll out ico? if yes of course it will be very attractive to many investors, remember that this is Russia which is not a small country.

[Piggy]

didn't they have already burger king coin?

[wissy]

Its strange, one day we are reading that Putin is saying how bad decentralized currency is and now they want to create their own crypto version of rubble.

[Spoetnik]

Its strange, one day we are reading that Putin is saying how bad decentralized currency is and now they want to create their own crypto version of rubble.

Well to be fair i don't recall him saying that specifically.
But you are missing the point here..
The comment the Russian official made was saying they are looking at making a CENTRALIZED coin of sorts.
Why is obvious.. the Russian govt is all about control of their citizens.. they are communists for fucks sake's people ROFL
That will not be able to be mined.
I read about this news first at Neowin.net then seen the topic here.
https://www.neowin.net/news/russia-to-reportedly-soon-issue-its-own-cryptocurrency-named-cryptoruble

get it ?

"Putin is saying how bad decentralized currency is"

While his people are looking at issuing a CENTRALIZED coin.. like ETHEREUM.

You people are idiotic hypocrites.
They are saying they are going to do what Butters did with ETH.
ETH was / is a centrally controlled launched ICO that was not mined.
Mining was tacked on later after the fact when users like me pointed out how that is scammy.
Recall the famous fork ?
He called up the exchanges and said "freeze the coin"
..and they all did.

I have to laugh my fucking god damn ass off how you all line up to criticize this coin when ETHEREUM is actually worse.
I respect the fact that Russia is interested in a C U R R E N C Y.
And not an APP's "smart contract" gimmick coin cloning platform with a "fuel token" ICO'd and tacked on.
ETH is NOT a currency.. it's a scheme coin.
The ETH guys pretty much invented coin manipulation from launch to the super hype/spam/pump of early 2016.
Who was buying all those coins on it's 2014 obscure launch in 100 BTC chunks ?

You profiteer investards wouldn't know a corrupt rigged coin scheme if it bit you in the ass.
ETH proved crystal clear that if you pump it.. then they will come.
They kept testing the waters for about two years until the super pump.
They made topics asking "What do you think of ETH?"
And as usual every topic monthly was ignored or flamed briefly.
No one ever wanted anything to do with ETH and they pointed out all the bad aspects of it.
Until.. it got pumped.
THEN.. you were all of a sudden on board  

According to the definitions of a scam coin, Ethereum is a scam.
But you all don't give a shit.. because it's paying out $$$.

And THAT is what this Russian coin will amount to.

[Seansky]

Do you think Russia will be the first one to succeed into creating a national altcoin?

Apparently they are even considering taxing it at 13%:

https://techcrunch.com/2017/10/15/russia-may-soon-issue-its-own-official-blockchain-based-currency-the-cryptoruble/

Apparently from the details around now Russia will be the first one to create a national cryptocurrency of their own. Their coin is not good though since it will be centralized and is just a rip off from another coin. Also, the tax they are planning to implement on it is a joke IMO who the heck will use it besides Russian? Therefore even if Russia succeed in creating their own cryptocurrency they will not be the one who will create the coin that would be like dollars of cryptos officialy created by nations.

[Amalker]

Crypto ruble will be another alt that's all. By law it can be prohibit free base crypto but in all world it's impossible. Only state regulation and taxes are main goals.

As I understand Crypto ruble won't be another altcoin, it is something like gateway for legalization crypto and payment taxes. And this scheme is pretty cool as for me.

[Leo SC]

Crypto ruble will be another alt that's all. By law it can be prohibit free base crypto but in all world it's impossible. Only state regulation and taxes are main goals.

As I understand Crypto ruble won't be another altcoin, it is something like gateway for legalization crypto and payment taxes. And this scheme is pretty cool as for me.

Main idea is that they give privat and public key if you show them passport number and name. I think they will generate hash via that information. It will be decentralized but transparent.

[cryptofunn]

as far as I know, China also plans to create its own national currency. therefore, this game was invented with the prohibition of the crypto-currency trade and ICO

[Spoetnik]

The worlds biggest communist countries that suppress their people are launching crypto-currencies ?
No alarm bells going off ?
Of course not you are all idiots and warp anything into good news.. buy buy buy shit.

Like what fucking part of the news have you all missed where China + Russia are cracking down and suppressing their people.
Stories keep getting posted non stop.
Are you all blind or what ?

[Darker45]

Russia is an incredible country. It might be correct. Russia is a huge and rich country whose people are also very knowledgeable about cryptos and blockchain. Plus there is not much countries that created their first national cryptocurrency. I heard of cryptocurrencies that will also be firsts in their own countries, such as India, Brazil, China, Estonia. But I am not sure though if these cryptos are actually sanctioned by the government.

[Cnut237]

Estonia are considering their own national cryptocurrency too. They might get there before Russia; as a country they are quite forward-looking and not averse to crypto.

[criticoflife]

Estonia are considering their own national cryptocurrency too. They might get there before Russia; as a country they are quite forward-looking and not averse to crypto.

That's right, i was about to post that up also. Estonia was planning this two months ago with there own government-backed cryptocurrency called estcoin. If i remember correctly Ethereum founder Vitalik Buterin was helping them prepare an ICO for it also.

[NeuroticFish]

Are you all blind or what ?

How you dare to criticize such good investments?

They know very well what they do:

[nappoleon]

It's just a digital currency not a cryptocurrency. Cryptocurrency is value secured through cryptography not via controlled servers. Russia is a flop, trying to fool people with this marketing stunts.

[Spoetnik]

@NeuroticFish  

What concerns me is they will get it happening via enabling profits for the investards somehow.
"It" being something we should not support because it violates our crypto-ideology (like Ethereum)
They are clever people and i am sure they picked up on it.. you can push anything as long as you grease the wheels.
In other words you can push a crooked rigged scheme as long as the masses looking for BTC dust get a piece of the action.
They will end up with control and it will be paid for with greed.

You all here are masters at this routine.
You create millionaire kingpins who control the puppets ..you place them on their Kings thrones and award them millions in cash.
Just as long as the king promises to dole out some change later.
In other words a pyramid scheme and it's leader.. no problem.
When do i get paid for permitting it to happen ?
Co-opted.

Anyway i kept saying lots years ago you all have time running out before the big guys take over.
I never expected govt's to directly make their own though but big powers like major companies are already encroaching.
Such as they all have their own Wallets and pay systems now.

Guys it was YOUR job to get a crypto-currency adopted and used.
You never did.
You sat on the exchange chat box bitching that the dev never got the "coin" adopted yet so you are dumping.

Really you left the door open guys.
You left the world of crypto open to people who care about it.
Which is not you all.
You all came here to profit.. which has nothing to do with crypto really.

The torch has been picked up.. as i predicted.
You had your chance and you all blew it.

[5ensei]

Maybe they will force those in Crimea to use it first as a test, then roll it out to the other countries and towns than Russia plans to take over.

[Qunenin]

Maybe, I just can't see them doing something like this when there is so much else going on with them.  A country that takes over and then loses territories left and right to their southern border should properly work more on things like military and attrition stability before worrying about embracing something that does not serve them directly at the moment.  Constant political issues within and with other countries, unknown military goals, there are bigger fish to fry for them right now.

[CTO@MyBitMine]

Not it doesn't. It will be created only for this 13% tax. I can tell you for sure that government just want to take control out of crypto, but it wont happen in next several years, exactly not in Russia.

[v3liana]

Do you think Russia will be the first one to succeed into creating a national altcoin?

Apparently they are even considering taxing it at 13%:

https://techcrunch.com/2017/10/15/russia-may-soon-issue-its-own-official-blockchain-based-currency-the-cryptoruble/

if its do happening rusia will be the pioneer for other counyry to do the same as they did. it will bring cryptocurrency to all of our daily live by truly accept it as a payment.

[Fundamentals Of]

Do you think Russia will be the first one to succeed into creating a national altcoin?

Apparently they are even considering taxing it at 13%:

https://techcrunch.com/2017/10/15/russia-may-soon-issue-its-own-official-blockchain-based-currency-the-cryptoruble/

It will not be as big as the current cryptocurrencies that we have right now. If the Russians will create a cryptocurrency of their own, it will most probably be used by Russians alone. I mean Russians residing in Russia. That would limit the users and consequently its circulation to the Russians within Russia. The cryptocurrencies we have right now, most of them, can circulate around the world.