greenalliancegroup (OP)
Member
 Offline
Activity: 98
Merit: 10
|
 |
March 06, 2014, 09:42:35 PM |
|
Just want to get everyone's input and theories about the restrictiveness of BTC in China and Russia.
My guess after reading the article of Nakamoto really identity. Is the US Gov contracted and movers of BTC because of hoarding that Chinese and Russians have been doing by restricting currency outflow to the US and EU.
We all know that everything is made in China or oil/gas is from Russia. I hope BTC will change playing field because we are getting hit hard with trade imbalances.
|
|
|
|
|
|
|
|
Even in the event that an attacker gains more than 50% of the network's
computational power, only transactions sent by the attacker could be
reversed or double-spent. The network would not be destroyed.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
|
FreedomCoin
|
|
March 10, 2014, 09:07:58 PM |
|
Because both countries are afraid of what they do not understand.
|
|
|
|
|
practicaldreamer
|
|
March 10, 2014, 10:16:34 PM |
|
They are planning to oust the USD as the reserve currency - and its replacement they are not planning on being BTC ?
|
|
|
|
|
Balthazar
Legendary
Offline
Activity: 3108
Merit: 1358
|
|
March 10, 2014, 11:34:48 PM
Last edit: April 11, 2014, 10:04:34 AM by Balthazar |
|
According to official response from Department of Monetary Policy, Bitcoin isn't restricted in the Russian Federation. https://bitcointalk.org/index.php?topic=500263.msg5615953#msg5615953Well, that would be a happy end for our community but I doubt Putin will except Bitcoin. It is illegal in Russia and seems to be illegal for a long time
Yes. The whole community knows the about Russia "banning" bitcoin. This only means that a big part of the community suffers from lack of intelligence... Otherwise they would be smart enough to find some related information... Instead of repeating what somebody said in order to dump btc/usd rate..  Letter from CB says almost the same that central banks of Thailand, Germany, France, etc have recommended. No bans, no jails, no prosecutions. Surprise!  http://clip2net.com/s/6WAQWfhttp://btcsec.com/cbr_about_bitcoin/Use google translate if you wish. |
|
|
|
|
greenalliancegroup (OP)
Member
Offline
Activity: 98
Merit: 10
|
|
March 10, 2014, 11:41:12 PM |
|
God is on BITCOIN's side. God Bless Bitcoins!
|
|
|
|
|
|
Kenshin
|
|
March 10, 2014, 11:42:14 PM |
|
China government want CNY to replace US$, so they don't want to use bitcoin.
|
|
|
|
|
FalconFly
Sr. Member
Offline
Activity: 252
Merit: 250
Sentinel
|
|
March 10, 2014, 11:45:49 PM
Last edit: March 11, 2014, 12:03:45 AM by FalconFly |
|
Since Bitcoin's market cap is laughable at best, I don't think "commercial reasons" like circumventing capital controls and tax evasion can be a big issue so far.
There are other established and more reliable (institutionalized) methods to achieve that with far higher amounts of money.
Since everything concerning cryptocurrency development AFAIK came from the west (USA), eastern nations are naturally very wary about the true origins, concepts and goals these were intended to achieve.
The big unknown factor is what eastern intelligence knows about possible negative impacts of these new currency concepts, if that's a topic in their analysis at all in the 1st place.
The so-inclined populace just saw its potential benefits and happily adopted it like a brand new toy or an opportunity to make a quick buck. Only few tried to dig deeper into its origins and to date, we still don't know for sure who truly created it and absolutely have no clue why it was truly created except the "nice official story". Everything is speculation, for most typically ending in "believing" whatever suits their motives.
Since alot of details i.e. in Bitcoin point to surprising mismatches or downright contradiction with the proclaimed decentralized, anonymous currency philosophy, I see a good chance the western hemisphere central banks (or its tools like government agencies) were either involved - or if not are at least actively considering the potential of using it as a vehicle to aid their strategies.
The changes in lead development and the critizised Foundation's role point to some kind change in the course bitcoin was taking (although I lack in-depth knowledge to pinpoint anything particular).
It's more like what the macro picture looks like vs. that would be expected when considering the very original goals and principles.
On the other side, that would also match the US massive and unprecedented attempts to achieve total dominance over the internet data flows, backdoors and spyholes in every single commercial OS (desktop computers and mobile devices) and all communication elements. Creating crypto and breaking it was always and is their prime domain. Technically speaking, the US is at all-out war with the entire rest of internet participants.
In exactly the same timeframe, the IMF and Council of Foreign Relations documented whitepapers for a completely restructured, global currency. IMHO these puzzle pieces fit too well together and such drastically new concepts don't randomly pop up all at the same time.
Since the days of the US Dollar in its present form as a world reserve currency won't last forever (only the US military might and extremely aggressive interventionist foreign policy keeps it in its place), the battle for a successor (= global control & power) certainly will be a fierce one. A very fierce, dirty and deadly one I might add.
I fully understand that China/Russia won't quite embrace a new currency for which some western agency may have a masterkey or even a selective killswitch (no matter how remote the chances, the risk potential would be too high to ignore this scenario).
|
This forum signature is like its owner - it can't be bought
|
|
|
|
tkbx
|
|
March 11, 2014, 01:35:44 AM |
|
Oppressive, authoritarian governments like these thrive on control of the economy. Bitcoin gives control of the economy to the people.
|
|
|
|
|
|
|
Bit_Happy
Legendary
Offline
Activity: 2100
Merit: 1040
A Great Time to Start Something!
|
|
March 12, 2014, 05:20:21 AM |
|
God is on BITCOIN's side. God Bless Bitcoins!
JesusCoin? |
|
|
|
|
Ekaros
|
|
March 12, 2014, 06:36:38 AM |
|
God is on BITCOIN's side. God Bless Bitcoins!
Sorry, I lost all interest in BTC just now... |
|
|
|
|
247crypto
|
|
March 12, 2014, 10:59:38 AM |
|
Russia need contrast drugs from China and Afghanistan, and other Money transfer.
In Italy is banned Euro to pay cash, over 1000.
|
|
|
|
|
zolace
|
|
April 01, 2014, 08:27:14 PM |
|
Because both countries China and Russia want their currency’s to rule!
|
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ |
|
|
Jigme
Newbie
Offline
Activity: 28
Merit: 0
|
|
April 01, 2014, 09:20:57 PM |
|
the simple answer is probably the right one. They want control of their own money.
|
|
|
|
|
NationOwnedCCNow
Newbie
Offline
Activity: 42
Merit: 0
|
|
April 03, 2014, 05:20:03 PM |
|
Russia - They don't want their population to flee into bitcoin or any other currency for that matter.
China - Because they are waiting for the fall of the dollar. When the dollar starts falling and IF the population can buy into bitcoin they will, and when 5-10% of population have started they are never going to accept it being banned by US government. If China were to buy Bitcoin right now it would probably skyrocket with no end in sight thus forcing the US population to back up the dollar and the current world economical and political systems.
|
|
|
|
|
|
Kenshin
|
|
April 10, 2014, 11:02:48 AM |
|
Both China and Russia want their currency to replace the US Dollar. So that is why they are making it so hard for people to get into Bitcoin.
|
|
|
|
|
bryant.coleman
Legendary
Offline
Activity: 3654
Merit: 1217
|
|
April 10, 2014, 11:09:32 AM |
|
Both China and Russia want their currency to replace the US Dollar. So that is why they are making it so hard for people to get into Bitcoin.
In both China and Russia, the trade involving Bitcoin is mostly conducted through the local currency. Such as BTC-CNY and BTC-RUR. So the governments had nothing to worry there. |
|
|
|
|
Balthazar
Legendary
Offline
Activity: 3108
Merit: 1358
|
|
April 10, 2014, 12:38:16 PM |
|
Haha, I see that topic about unexistent restrictions is still alive  |
|
|
|
|
Nemo1024
Legendary
Offline
Activity: 1680
Merit: 1014
|
|
April 10, 2014, 01:58:28 PM |
|
They are planning to oust the USD as the reserve currency - and its replacement they are not planning on being BTC ?
No, Russia, Kazahstan and Belarus return to discussions of creation of common currency, Altyn, by 2025: http://www.aif.ru/money/economy/1147145Kirgizija, Armenija an Tadzhikistan might join the financial union. |
“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.”
|
|
|
Balthazar
Legendary
Offline
Activity: 3108
Merit: 1358
|
|
April 10, 2014, 02:01:23 PM |
|
No, Russia, Kazahstan and Belarus return to discussions of creation of common currency, Altyn, by 2025: http://www.aif.ru/money/economy/1147145Kirgizija, Armenija an Tadzhikistan might join the financial union. Well... Russia and Belarus already formed a Union State: http://en.wikipedia.org/wiki/Union_StateSo, new currency is an obvious step in the development. |
|
|
|
|
|
