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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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Mike Christ
aka snapsunny
Legendary
 Offline
Activity: 1078
Merit: 1003
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February 01, 2014, 02:41:08 AM |
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Of course the issuers of fiat hate bitcoin, how else will they steal and control?
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Stn
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February 01, 2014, 02:48:45 AM |
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How come that words "warning citizens" in the text of the article became "banning" in your headline?
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BitzMD (OP)
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February 01, 2014, 02:50:43 AM |
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How come that words "warning citizens" in the text of the article became "banning" in your headline?
Second paragraph of the article The Russian Central Bank (CBR) issued a statement late Monday warning that virtual currencies, or “money surrogates” are illegal under Article 27 of the Federal Law “On the Central Bank of the Russian Federation”. |
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trout
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February 01, 2014, 03:09:33 AM |
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The text calls bitcoins "virtual currencies" and warns against using "virtual currencies".
In a separate paragraph it notes that it is illegal to issue "surrogate currencies"
The text does not imply in any way that "virtual currencies" are "surrogate currencies"
thus not implying that the former ones are banned.
However, it also warns that providing a service involving virtual currencies to companies (not individuals)
will be considered as a potential involvement in dubious (yes, it uses a rather vague term)
operations as per the money laundry legislation. (text in brackets mine)
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empoweoqwj
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February 01, 2014, 03:12:05 AM |
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Russia will do what it needs to control its citizens.
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Soak
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February 01, 2014, 03:28:54 AM |
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That's not a very good news. Is it safe to keep our money on BTC-e?
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Mike Christ
aka snapsunny
Legendary
Offline
Activity: 1078
Merit: 1003
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February 01, 2014, 03:39:17 AM |
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That's not a very good news. Is it safe to keep our money on BTC-e?
It's never safe to keep any amount of money you care about on an exchange. |
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ejbones
Newbie
Offline
Activity: 30
Merit: 0
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February 01, 2014, 04:36:50 AM |
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That's not a very good news. Is it safe to keep our money on BTC-e?
BTC-e is not Russian |
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lyth0s
Legendary
Offline
Activity: 1260
Merit: 1000
World Class Cryptonaire
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February 01, 2014, 04:39:58 AM |
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That's not a very good news. Is it safe to keep our money on BTC-e?
BTC-e is not Russian Are you sure about that? |
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dree12
Legendary
Offline
Activity: 1246
Merit: 1077
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February 01, 2014, 04:45:10 AM |
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That's not a very good news. Is it safe to keep our money on BTC-e?
BTC-e is not Russian Are you sure about that? Jurisdiction
Laws in the country where the user resides may not allow the usage of an online tool with the characteristics of BTC-e or any of its features. BTC-e does not encourage the violation of any laws and cannot be held responsible for violation of such laws. For all legal purposes, these Terms of Use shall be governed by the laws applicable in the Cyprus. You agree and hereby submit to the exclusive personal jurisdiction and venue of the Cyprus for the resolution of any disputes arising from these Terms of Use.
Emphasis mine. See their terms. |
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Sonny
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February 01, 2014, 06:45:44 AM |
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That's not a very good news. Is it safe to keep our money on BTC-e?
BTC-e is not Russian Are you sure about that? Jurisdiction
Laws in the country where the user resides may not allow the usage of an online tool with the characteristics of BTC-e or any of its features. BTC-e does not encourage the violation of any laws and cannot be held responsible for violation of such laws. For all legal purposes, these Terms of Use shall be governed by the laws applicable in the Cyprus. You agree and hereby submit to the exclusive personal jurisdiction and venue of the Cyprus for the resolution of any disputes arising from these Terms of Use.
Emphasis mine. See their terms. I have also heard that it is based in Bulgaria.... Seems like it is a big mystery lol  |
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pyromaniac
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February 01, 2014, 06:51:05 AM |
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That's not a very good news. Is it safe to keep our money on BTC-e?
BTC-e is not Russian Are you sure about that? Jurisdiction
Laws in the country where the user resides may not allow the usage of an online tool with the characteristics of BTC-e or any of its features. BTC-e does not encourage the violation of any laws and cannot be held responsible for violation of such laws. For all legal purposes, these Terms of Use shall be governed by the laws applicable in the Cyprus. You agree and hereby submit to the exclusive personal jurisdiction and venue of the Cyprus for the resolution of any disputes arising from these Terms of Use.
Emphasis mine. See their terms. You're wrong. They are russians, but this company is offshore. |
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empoweoqwj
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February 01, 2014, 10:22:19 AM |
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That's not a very good news. Is it safe to keep our money on BTC-e?
BTC-e is not Russian Are you sure about that? Jurisdiction
Laws in the country where the user resides may not allow the usage of an online tool with the characteristics of BTC-e or any of its features. BTC-e does not encourage the violation of any laws and cannot be held responsible for violation of such laws. For all legal purposes, these Terms of Use shall be governed by the laws applicable in the Cyprus. You agree and hereby submit to the exclusive personal jurisdiction and venue of the Cyprus for the resolution of any disputes arising from these Terms of Use.
Emphasis mine. See their terms. You're wrong. They are russians, but this company is offshore. Do they even have a real company? |
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atc1
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February 01, 2014, 10:31:44 AM |
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China "banned" bitcoins. Russia "banned " bitcoins. Both seemingly issued only a warning. For now.
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franky1
Legendary
 Online
Activity: 4214
Merit: 4453
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February 01, 2014, 11:03:06 AM |
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yes finally, a bunch of people that can read a newspaper properly and understand that all of these bank warnings are truly that, only warnings.
thank god the sheeple of 2013 are not here spreading propaganda and chinese whispers. now all we need is to fix the media to only publish the truth....
.. well an impossible task i know. but atleast today i get to see a few people that can read between the lines and pull out the truth from someone elses misunderstandings.
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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bitcerto
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February 01, 2014, 11:13:51 AM |
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We all know banning BTC is useless. Especially in massive countries such as China and Russia. There's no realistic way to prevent people from buying and selling amongst themselves. The only thing that can harm BTC is exchanges getting shutdown or the inability to transfer BTC to other people.
The price tends to increase each time a government tries to step. Let 'em keep coming at it.
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techstorm2
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February 01, 2014, 01:13:27 PM |
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Its even worse if youre a Gay bitcoin user. Lol Did we expect anything else from the likes of russia and china? Did china embrace the internet, no, they dont allow their citizens to use google or facebook openly without being controlled. Why would we expect them to treat bitcoin any differently.  |
Dime 7Q3cZtyJemmE8pJsrYgX24mHnkqZX6M6hP
BTC 18vbvovBeM5ZTZqR5ZWAy75EXE7qTNipuo
Mooncoin 2QgyivUMa7Zun6oPdxeE1yry1aNp5hqrDb
LTC Lg3UYGCAe3Tb146PiMqeGNLR7bnjdM447d
Doge DPd1XejW8TabJu5gfjyKnuQYQ9Vzw1anXN
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CoinLearn
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February 01, 2014, 02:38:18 PM |
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Requesting not to speculate. Russia is NOT banning Bitcoin. Rather Russia has the highest share of Bitcoin on free faucet earning. Russia is against illegal uses of Bitcoin, e.g. terror funding, skin business etc, same as of USA. |
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bitcerto
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February 01, 2014, 02:57:42 PM |
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Its even worse if youre a Gay bitcoin user. Lol Did we expect anything else from the likes of russia and china? Did china embrace the internet, no, they dont allow their citizens to use google or facebook openly without being controlled. Why would we expect them to treat bitcoin any differently. That regulation is a perfect example. It's on the books and the firewall is up, however, it's easy to get around. All you need is a $10/mo VPN. I can't imagine they'll have some super sophisticated BTC blocking technology any time soon. |
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