Russia starting ‘CryptoRuble’ !!!!!!!!!!!!!!

[rezurect]

In Russia, the Crypto-currency is not developed. And I do not think that this idea will be realized. It seems to me that these are just rumors. For me, the national currency is a very bad idea. Crypto currency should be decentralized

Cryptocurrency (virtual desentralisation) regulations project was announced in some telegram chats today. Project authors Ernest Bachurin, Ekaterina Kotova, Andrei Voronkov. Don't understand is it serious or not.

As you put it "virtual decentralisation".
What is decentralised about a government issuing some crypto on some centralised blockchain.

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[serian]

Now we will see other countries doing same thing for their own currencies?

[Baycon]

Now we will see other countries doing same thing for their own currencies?

i think - yes. I spoke with Waves developer two weeks ago, they received many requests from national banks (all around the world), in order to launch nationality CC (cryptocurrency)

[Crumple Cat]

I'm in solidarity with a dude who said so about it:

This is not a cryptocurrency. This is a digital currency. Cryptocurrencies are backed by cryptography, not centralized servers

https://twitter.com/Snaptime5858/status/919588628501843968

[muncuss]

I read the news, it's ruble+blockchain. No different from fiat, they only add blockchain onto it. Every transaction will be tracked, it's not cryptocurrency anyway.
the name is crypto-ruble, but actually it's not crypto.

[MyTimeCoin]

I firmly believe that the government out there is trying their best to keep up with the trend and establish at least some kind of a position on the growing market as well as make some of that noise for the press to contradict the great amount of controversy in their policy towards most of the things the world runs around. I don't know, man. Bigger news is to be expected before one can make any judgements.

[frowsiter]

CryptoRuble, hearing it first time but if it is made for the Russia itself then people of Russia are going to enjoy the crypto a lot. They will have the government involved which means the crypto coin would be very famous and secure one to use. This will how ever limit the use as it's not being used for rest of the world. It could be positive in terms of not getting fraudulent cases or it could be worse by not having much of the investment. But it depends on what purpose they have been made.

[posternat]

Russia will issue its own ‘CryptoRuble’ decided in closed door meeting in Moscow, according to the local news sources. So, what is these so called 'cryptoRuble' ?  Does anybody have an idea? what about the other cryptos in Russia? Is it starting to follow China?

I also wonder what will happen if all the nations have their own crypto currency, then what will be the role of bitcoin ?

[dua98222]

I also wonder what will happen if all the nations have their own crypto currency, then what will be the role of bitcoin ?
[/quote]
Worst case for Bitcoin, it becomes the gold of the pre-crypto world. Highly regulated, not (that) easily tradable but still of value and also with intrinsic value due to moving large amounts of money fast and cheap (hopefully).

[kutssa]

Russia will not allow mine CryptRuble ordinary people, in the same way as gold. For me CryptRuble is not crypto!

[olubams]

Russia will issue its own ‘CryptoRuble’ decided in closed door meeting in Moscow, according to the local news sources. So, what is these so called 'cryptoRuble' ?  Does anybody have an idea? what about the other cryptos in Russia? Is it starting to follow China?

Whether its going to be successful or not, I still see it as a way to show those who believe that bitcoin does not have a basis forgetting the back bone of bitcoin itself which is the blockchain technology and for the Russian government to place reliance on something like this show some support indirectly for bitcoin and this alone is what is giving me joy although I see it as a quest which might be dumped soon because it won't be anything different from what the current fiat over there is achieving.

[Minor Miner]

I suppose it's necessary to step forward to the future, but if they do something wrong it would be very hard to fix it in the future. Moreover people in Russia are mostly have bad financial education as I know. It would be a problem to make them use new type of money.

[ImHash]

I'll bet those local news reporters were girls, honestly only girls could get inside a closed doors meeting, probably they offered a quickie to the guards I want to mine it, can I mine it?

[ghibly79]

Maybe worth speculating on, but statal "cryptos" make little sense otherwise, imho.

[stompix]

Maybe worth speculating on, but statal "cryptos" make little sense otherwise, imho.

What is there to speculate.
The value of the crypto ruble will always be one ruble.

You're better off doing this on forex with rub to usd/eur/gbp pairs.

Russia will not allow mine CryptRuble ordinary people, in the same way as gold. For me CryptRuble is not crypto!

So if mining will not be affordable for little guys, bitcoin will no longer be a crypto isn't it?
75% of the world population can't afford to buy a s9 in one year of saving, do you call this mining for ordinary people?
It is based on the blockchain and it uses a type of hash it is a crypto.
Like it or not this is the reality.

Half of the shitcoins out there are 10-20% premined  or entirely premined and people still invest in them and call them cryptos.

[gyu22]

the issue of cryptoruble shows that governments are recognizing that cryptos may cause them loose control. Minister Nikolay Nikiforov explicitely said: “I am so confident to declare that we will run CryptoRuble just for one simple reason: if we don’t, our neighbors in the Eurasian Economic Community will do it in a couple of months,” said Nikiforov.
But cryptoruble will not have the advantages of altcoins: 13% of taxes, transactions from the cryptoruble to the ruble will be blocked, if there is no proof of its official receipt.

https://www.rt.com/business/406960-russia-issue-blockchain-cryptoruble-putin/

[mvpz]

CryptoRuble - laughing my ass off. Guys - its not gonna hapen or if it for some reason will, i`t ll be a joke.
Seriuosly - with the amount of bullshit happening in our country and the quantity of non professional people in government - its not gonna hapen.
All this hype about it - because of the upcoming election in 2018 - our dictators main topic for election will be crypto economy and crypto ruble. but just the talks.
He cant even use a computer.
The amount of corruption and burocracy in Russia will never give birth to a good product as cryptoRuble.
China will lead in this question.

[AgatioX]

CryptoRuShitcoin is pointles.Blockchain is for decentralization.

And this is almost 100% fiat crap wich will go to the hell more and more annualy like the paper Ruble does.

[Rebellious]

Yes, sounds like it is official.

[GendalfTheFireRed]

Actually, I don't see CryptoRuble in any major news network. There is an RT article which is quite minor for such news, but I guess we may expect that they get info from the horse's mouth. The way it's worded is disgusting, launching government crypto while outlawing all other.