Miz4r
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Activity: 1246
Merit: 1000
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January 27, 2014, 05:13:47 PM |
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Another one of those warnings? How many times can they issue a warning before people start completely ignoring them?
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Bitcoin = Gold on steroids
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Dalmar
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January 27, 2014, 05:15:31 PM |
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Another one of those warnings? How many times can they issue a warning before people start completely ignoring them?
Private bitcoiners ignore them, but institutional investors listen and follow.. especially when it is from their local jurisdiction. There goes all the rusky oligarch money.
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▄▄▄▄▄▄▄▄▄▄▄ ▄▄████████████████▄ ▄▄██████████████████████▄ █████████████▀█████████████▄ ▄█████████████▀ ▄█▀ ███████████ ▄██████████ ▀▀ ████████████ ▄█████████████ ▄▄▄ ▀▀██████████ █████████████▀ ████▄ ▀█████████▄ █████████████ ▀▀█▀▀ ▄██████████ ████████████▀ ▄▄ ████████████ ████████████ ▄████▄ ███████████ █████████ ██████ ██████████ █████████▄▄ ▄██████████ ▀██████████ ██ ▄▄▄▄████████████ ▀█████████▄▄█▄ ███████████████▀ ▀██████████████████████████▀ ▀█████████████████████▀ ▀▀██████████████▀▀ ▀▀▀▀▀▀▀ | | B i t c o i n t a l k ▄▄▄▄▄
DONATION CAMPAIGN | | ▄ ▄██ ▄▄▄▄▄▄▄ ▄███ ▄█████████▄ ████ ▄▄▄ ▄████████████ ▄████▀ ▀██▄▄ █████████████ ▄█████▀ ▀█████▄ █████████████ ▄██████ ▀█████▄ ███████████▀▄███████ ▀██████▄▄▀▀██████▀ ████████▀ ████████▄ ▄████████▀ █████████▄ ▄██████████ █████████████████████ ████████████████████ ███████████████████ ███████████████████ ██████████████▀▀▀ ███████▀▀▀▀ ▀▀▀▀ | | BE A HOPE FOR A LIVABLE WORLD | | ▄▄▄█████████▄▄▄ ▄▄███████████████████▄▄ ▄▄█████████████████████████▄▄ ▄███████████████████████████████▄ ▄█████████████████████████████████▄ ████████████▀▀▀▀▀██████▀▀▀▀██████████ ███████████▀ ▀█▀ ▀█████████ ███████████▀ █████████ ███████████ █████████ █████████████ ███████████ ██████████████▄ ▄████████████ ████████████████▄▄▄ ▄█▀▀ ████████ ███████████▀▀ ▀▀█▄▄▄▄▄▄██ ▄████████ ██████▀█▄ ▀▀▀█▄ ▄█████████ ██████▄ █▄ ▄▄▄▄▄▄▄▀▀▄███████████ ██████▄ ▀█ ▄████████████ ██████▄ ██████▄▄▄ ▄██████████████ ▀██████▄██████████████████████████▀ ▀███████████████████████████████▀ ▀▀█████████████████████████▀▀ ▀▀███████████████████▀▀ ▀▀▀█████████▀▀▀ | | ONE | | little | | HELP CHANGES EVERYTHING | | ➦ | | ..DONATE.. |
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magicmexican
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January 27, 2014, 05:16:48 PM |
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Typical announcement from the corrupt government that they dont like losing any sort of control over anything. Whats the point?
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Nemo1024
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Activity: 1680
Merit: 1014
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January 27, 2014, 05:17:03 PM |
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Yep. I can confirm this translation is more or less accurate. Except it's not "whitewashing of funds", it's "money laundering"
Fixed. Mixed up the term from another language...
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“Dark times lie ahead of us and there will be a time when we must choose between what is easy and what is right.” “We are only as strong as we are united, as weak as we are divided.” “It is important to fight and fight again, and keep fighting, for only then can evil be kept at bay, though never quite eradicated.”
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meanig
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January 27, 2014, 05:18:43 PM |
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Another one of those warnings? How many times can they issue a warning before people start completely ignoring them?
Private bitcoiners ignore them, but institutional investors listen and follow.. especially when it is from their local jurisdiction. There goes all the rusky oligarch money. Oligarchs didn't become Oligarchs by listening to the government.
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runam0k
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Activity: 1092
Merit: 1001
Touchdown
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January 27, 2014, 05:19:19 PM |
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In short: Central Bank of Russia prohibits any (really any) usage of Bitcoin and will treat it as criminal activity and terrorism support.
Wonder if that includes donations to Snowden?
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seleme
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Activity: 2772
Merit: 1028
Duelbits.com
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January 27, 2014, 05:19:52 PM |
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Not ban at all, it's even less than China did.
The biggest problem is that mining in Russia might be not legal now, as that's the only thing we could call currency emission here.
That would never be a problem, if they would somehow even attemp to pursue this angle - it would never be enforced and nobody would ever give a fuck. Trust me. Yeah, I agree they can't stop people mining, was more thinking about mining equipment sales and such... there's one Russian ASIC, isn't it?
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Dalmar
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January 27, 2014, 05:21:51 PM |
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Oligarchs didn't become Oligarchs by listening to the government.
In mother Russia, they are the government.
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▄▄▄▄▄▄▄▄▄▄▄ ▄▄████████████████▄ ▄▄██████████████████████▄ █████████████▀█████████████▄ ▄█████████████▀ ▄█▀ ███████████ ▄██████████ ▀▀ ████████████ ▄█████████████ ▄▄▄ ▀▀██████████ █████████████▀ ████▄ ▀█████████▄ █████████████ ▀▀█▀▀ ▄██████████ ████████████▀ ▄▄ ████████████ ████████████ ▄████▄ ███████████ █████████ ██████ ██████████ █████████▄▄ ▄██████████ ▀██████████ ██ ▄▄▄▄████████████ ▀█████████▄▄█▄ ███████████████▀ ▀██████████████████████████▀ ▀█████████████████████▀ ▀▀██████████████▀▀ ▀▀▀▀▀▀▀ | | B i t c o i n t a l k ▄▄▄▄▄
DONATION CAMPAIGN | | ▄ ▄██ ▄▄▄▄▄▄▄ ▄███ ▄█████████▄ ████ ▄▄▄ ▄████████████ ▄████▀ ▀██▄▄ █████████████ ▄█████▀ ▀█████▄ █████████████ ▄██████ ▀█████▄ ███████████▀▄███████ ▀██████▄▄▀▀██████▀ ████████▀ ████████▄ ▄████████▀ █████████▄ ▄██████████ █████████████████████ ████████████████████ ███████████████████ ███████████████████ ██████████████▀▀▀ ███████▀▀▀▀ ▀▀▀▀ | | BE A HOPE FOR A LIVABLE WORLD | | ▄▄▄█████████▄▄▄ ▄▄███████████████████▄▄ ▄▄█████████████████████████▄▄ ▄███████████████████████████████▄ ▄█████████████████████████████████▄ ████████████▀▀▀▀▀██████▀▀▀▀██████████ ███████████▀ ▀█▀ ▀█████████ ███████████▀ █████████ ███████████ █████████ █████████████ ███████████ ██████████████▄ ▄████████████ ████████████████▄▄▄ ▄█▀▀ ████████ ███████████▀▀ ▀▀█▄▄▄▄▄▄██ ▄████████ ██████▀█▄ ▀▀▀█▄ ▄█████████ ██████▄ █▄ ▄▄▄▄▄▄▄▀▀▄███████████ ██████▄ ▀█ ▄████████████ ██████▄ ██████▄▄▄ ▄██████████████ ▀██████▄██████████████████████████▀ ▀███████████████████████████████▀ ▀▀█████████████████████████▀▀ ▀▀███████████████████▀▀ ▀▀▀█████████▀▀▀ | | ONE | | little | | HELP CHANGES EVERYTHING | | ➦ | | ..DONATE.. |
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MatTheCat
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January 27, 2014, 05:21:59 PM |
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Not ban at all, it's even less than China did.
The biggest problem is that mining in Russia might be not legal now, as that's the only thing we could call currency emission here.
What. It is prohibited to trade Bitcoin for goods, services, or other currency within the Russian Federation. So if they find a Bitcoin wallet on your computer, you aint going to jail, but if you get caught trying to swap that Bitcoin for anything else (except another virutal currency), then Putin is going to nail you. Sounds pretty dire to me. Oligarchs didn't become Oligarchs by listening to the government.
In mother Russia, they are the government. Are they fuck, not any more. Now they all tow Putin's line, the one who didn't either fled and had all their shit taken off them, or were thrown in jail, and had all their shit taken off them. That is why the West has a problem with Russia all over again. The West could work with/control the oligarchs, they can't control Putin.
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seleme
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Activity: 2772
Merit: 1028
Duelbits.com
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January 27, 2014, 05:22:48 PM |
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But anyway, these "bans" are overrated as long as people are able to send money online and they'll always be able to do it. Yeah, it doesn't help if some countries would make buying Bitcoins harder but all in all, it's overrated. I clearly couldn't give a flying one what my Government would say about Bitcoin as long as there is one country where it isn't a problemand I can buy and sell them there.
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JCviggen
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January 27, 2014, 05:26:08 PM |
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Is BTC-e registered in Russia or elsewhere?
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Age Of Mars | GameFI Virtual colonization of Mars
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seleme
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Activity: 2772
Merit: 1028
Duelbits.com
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January 27, 2014, 05:27:34 PM |
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Is BTC-e registered in Russia or elsewhere?
Bulgaria.
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magicmexican
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January 27, 2014, 05:28:28 PM |
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Is BTC-e registered in Russia or elsewhere?
elsewhere Metabank.ru tho was registered in Russia and got closed today.
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piramida
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Activity: 1176
Merit: 1010
Borsche
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January 27, 2014, 05:33:04 PM |
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There are no big or medium bitcoin businesses in Russia. Move along, this does not mean anything. I agree that it is a validation of bitcoin as a means of value transfer that the governments are afraid of, i.e. bullish.
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i am satoshi
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JCviggen
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January 27, 2014, 05:33:22 PM |
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Good, thanks. I knew BTC-e's bank was somewhere else but not sure where they were regged (Cyprus is always popular with Russians for example)
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Age Of Mars | GameFI Virtual colonization of Mars
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Nemo1024
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Activity: 1680
Merit: 1014
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January 27, 2014, 05:33:57 PM |
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Is BTC-e registered in Russia or elsewhere?
elsewhere Metabank.ru tho was registered in Russia and got closed today. Not permanently (yet), but until they clear up the situation. Better safe than sorry. Additionally, the article mentions concerns that Bitcoin is anonymous. Someone needs to educate the general public that Bitcoin is in effect less anonymous than fiat. You never know where that bank note was before it ended up in your hands, yet most Bitcoin transactions can be traced back and, with sufficient data analysis, grouped to be attributed to persons or organisations. Governments should love them... or not?
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“Dark times lie ahead of us and there will be a time when we must choose between what is easy and what is right.” “We are only as strong as we are united, as weak as we are divided.” “It is important to fight and fight again, and keep fighting, for only then can evil be kept at bay, though never quite eradicated.”
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MonadTran
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January 27, 2014, 05:43:42 PM |
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it is a validation of bitcoin as a means of value transfer that the governments are afraid of, i.e. bullish.
Yes, I would say so. It is impossible to move gold out of Russia. Moving anything else out is a lot of hassle, and requires extensive paperwork. Ruble is dropping - looks like the Olympics and preparations for protests drained the finances significantly. There are some rumors they are looking to ban foreign currency accounts, and further restrict the usage of centralized virtual currencies. They are putting further restrictions on internet trade. Under these almost Argentina-like conditions, it makes sense to convert at least some savings to Bitcoin, and explore the options for a second passport. Bullish.
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porcupine87
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January 27, 2014, 05:45:33 PM |
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All these banana republics like Russia and China are ruining all the fun.
Bitcoin should have staid mainly a Western thing.
Russia and China copy, they not invent.
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"Morality, it could be argued, represents the way that people would like the world to work - whereas economics represents how it actually does work." Freakonomics
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piramida
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Activity: 1176
Merit: 1010
Borsche
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January 27, 2014, 05:52:39 PM |
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it is a validation of bitcoin as a means of value transfer that the governments are afraid of, i.e. bullish.
Yes, I would say so. It is impossible to move gold out of Russia. Moving anything else out is a lot of hassle, and requires extensive paperwork. Ruble is dropping - looks like the Olympics and preparations for protests drained the finances significantly. There are some rumors they are looking to ban foreign currency accounts, and further restrict the usage of centralized virtual currencies. They are putting further restrictions on internet trade. Under these almost Argentina-like conditions, it makes sense to convert at least some savings to Bitcoin, and explore the options for a second passport. Bullish. Yep, with the global financial ponzi crashing (where virtual debt trumps real existing assets by 6 zeroes) I think most countries would be eventually locking people's finances into bank accounts, to be confiscated or prorated. But first, they need to make sure everyone's cash is safely locked and no way to hide personal wealth exists.
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i am satoshi
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MikeH
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January 27, 2014, 05:54:48 PM |
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Additionally, the article mentions concerns that Bitcoin is anonymous. Someone needs to educate the general public that Bitcoin is in effect less anonymous than fiat. You never know where that bank note was before it ended up in your hands, yet most Bitcoin transactions can be traced back and, with sufficient data analysis, grouped to be attributed to persons or organisations. Governments should love them... or not?
Governments would hate their own spending to be tracked.
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