Russia suddenly booming?

[zimmah]

Is it just me, or did russia suddenly got interested in BTC?

I usually have fiatleak running in the background, and it has been running for about 10 hours now i guess, and i suddenly noticed a lot of transactions in RUB.



Note that this also was largely during evening and night time in russia, but somehow they got more transactions in RUB than in USD which is quite amazing and i don't think this has happened before, or has it?

I always thought it was like this:

1) CNY
2) U.S. (or at least USD)
3) EUR
4) RUB
5) JPY
6) Rest

But apperantly Russia is second place now?

[kdrop22]

Probably some news on the Russian TV/newspapers. It is good that we are distributed globally, as the US started to slow down China picked up and when China has some bad news the Russians are stepping.

[BitChick]

Spasibo (Thank You) Russia! 

[kjj]

It takes a while to translate The Simpsons into Russian.

[RenHoek]

Is it just me, or did russia suddenly got interested in BTC?

I usually have fiatleak running in the background, and it has been running for about 10 hours now i guess, and i suddenly noticed a lot of transactions in RUB.



Note that this also was largely during evening and night time in russia, but somehow they got more transactions in RUB than in USD which is quite amazing and i don't think this has happened before, or has it?

I always thought it was like this:

1) CNY
2) U.S. (or at least USD)
3) EUR
4) RUB
5) JPY
6) Rest

But apperantly Russia is second place now?

now on:

http://fiatleak.dyndns.org/

[deisik]

Is it just me, or did russia suddenly got interested in BTC?

I usually have fiatleak running in the background, and it has been running for about 10 hours now i guess, and i suddenly noticed a lot of transactions in RUB.

<skip>

But apperantly Russia is second place now?

Yes, it was me buying bitcoins here/there...

[stompix]

So know we're having a Russia Hype?
Has the Chinese one already faded?

[bitcon]

russias waking up!

[komar]

Not really.

There are lot of people interesting in bitcoin, but nothing special happening. It's just a common trend.

I wrote a couple of the most popular russian articles about bitcoin for newbies and here are their stats:



(red, blue and orange lines; others is for articles about batteries)

[giantdragon]

Russians traditionally like virtual currencies (WebMoney and Yandex Money exist for 10-15), Bitcoin is not an exception! Most likely it happens because banking and credit cards were not available for most population until recently.

[stompix]

Russians traditionally like virtual currencies (WebMoney and Yandex Money exist for 10-15), Bitcoin is not an exception! Most likely it happens because banking and credit cards were not available for most population until recently.

I see that as a deterrent in Bitcoin adoption actually. Same way the Kipochi plan failed.

[LiteCoinGuy]

also take a look at these news:

http://www.coindesk.com/btc-e-recent-issues-caused-surge-users/

http://www.coindesk.com/ceo-russian-sberbank-endorses-virtual-currencies/


maybe a reason for an upcomming russian hype 

[deisik]

also take a look at these news:

http://www.coindesk.com/btc-e-recent-issues-caused-surge-users/
http://www.coindesk.com/ceo-russian-sberbank-endorses-virtual-currencies/

For virtual currency to become mainstream, however, it would need regulation, said Gref, who was also reported as saying that virtual currency “‘experiments’ must end in one or two crashes” before they are firmly established. Russia has been relatively silent on regulation of virtual currencies to date

I can't simply comprehend how this could possibly go for an "endorsement" to use virtual currencies...

[cr1776]

also take a look at these news:

http://www.coindesk.com/btc-e-recent-issues-caused-surge-users/
http://www.coindesk.com/ceo-russian-sberbank-endorses-virtual-currencies/

For virtual currency to become mainstream, however, it would need regulation, said Gref, who was also reported as saying that virtual currency “‘experiments’ must end in one or two crashes” before they are firmly established. Russia has been relatively silent on regulation of virtual currencies to date

I can't simply comprehend how this could possibly go for an "endorsement" to use virtual currencies...

Perhaps the thinking is "crash" one was 2011, "crash" two was April 2013, so a crypto is now "firmly established"?  :-)

[deisik]

For virtual currency to become mainstream, however, it would need regulation, said Gref, who was also reported as saying that virtual currency “‘experiments’ must end in one or two crashes” before they are firmly established. Russia has been relatively silent on regulation of virtual currencies to date

I can't simply comprehend how this could possibly go for an "endorsement" to use virtual currencies...

Perhaps the thinking is "crash" one was 2011, "crash" two was April 2013, so a crypto is now "firmly established"?  :-)

The Russian ruble seriously crashed twice in the modern history of Russia (in 1992 and in 1998), so it could easily be that Gref has some reminiscences of that history and would not consider a currency worthy of his attention or regulation if it didn't crash at least once (i.e. currency is still being no more than "experiment"). Maybe, he has a point (or two, lol)...

Baptism of blood

[pand70]

For all i can see btc-e has the lowest price among the exchanges. That hardly indicates any hype 

[Sindelar1938]

Broadbased adoption is great, Russia will hopefully become a huge player in btc
It helps that thy have had 2 currency crises in the last 20 odd years

[jurastm]

suddenly?
I feel everyone, who knows what is Internet in Russia talking about Bitcoin.

[deisik]

suddenly?
I feel everyone, who knows what is Internet in Russia talking about Bitcoin.

It doesn't matter how much they are talking about Bitcoin. What's more important is how much they are ready to actually fork out...

[Acidyo]

I'm pretty sure it has a lot to do with this:

http://www.coindesk.com/ceo-russian-sberbank-endorses-virtual-currencies/

[deisik]

I'm pretty sure it has a lot to do with this:

http://www.coindesk.com/ceo-russian-sberbank-endorses-virtual-currencies/

It seems that you're last to the table...

[Acidyo]

I'm pretty sure it has a lot to do with this:

http://www.coindesk.com/ceo-russian-sberbank-endorses-virtual-currencies/

It seems that you're last to the table...

My bad, only read half the thread.