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Author Topic: Russia to create its own currency ?  (Read 884 times)
dopecoindude (OP)
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March 17, 2014, 04:11:53 AM
 #1

http://voiceofrussia.com/news/2014_03_04/268000581/

RussianCoin? RuskiaCoin ?

It is here folks. DopeCoinGOLD . The #1 Crypto-Weed Coin.
tkbx
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March 17, 2014, 04:17:44 AM
 #2

Doesn't Russia use rubble as its currency?  Wink

It's extremely unlikely that they would try this, but if they did, it would end up like future Aurora and future Spaincoin (shitty premined pump-and-dump) but with even less originality.
dopecoindude (OP)
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March 17, 2014, 04:41:33 AM
 #3

Doesn't Russia use rubble as its currency?  Wink

It's extremely unlikely that they would try this, but if they did, it would end up like future Aurora and future Spaincoin (shitty premined pump-and-dump) but with even less originality.

Good points about Aurora and SpainCoin.   And yes , RUBBLE COIN! LOL

It is here folks. DopeCoinGOLD . The #1 Crypto-Weed Coin.
Siegfried
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March 17, 2014, 05:37:35 AM
 #4

Russia should just adopt Bitcoin and accept only Bitcoin payments for its oil and gas.
solex
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March 17, 2014, 05:40:29 AM
 #5

Doesn't Russia use rubble as its currency?  Wink

The rouble is a piece of junk. I am amazed any Russians have any faith in it at all.

http://www.zerohedge.com/news/2014-03-16/russian-hyperinflation-deja-vu

Bit_Happy
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March 17, 2014, 05:57:00 AM
 #6

Doesn't Russia use rubble as its currency?  Wink

The rouble is a piece of junk. I am amazed any Russians have any faith in it at all.

http://www.zerohedge.com/news/2014-03-16/russian-hyperinflation-deja-vu


The Russian Ruble has devalued against the USD over 11% in the last few weeks (at an annualized pace of 91%)...
^^^
So any Russian who invested in Gold or bottles of Vodka is relatively wealthy now.*
*Unless they drank too much Vodka.

bryant.coleman
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March 17, 2014, 10:50:49 AM
 #7

They will probably switch over to Euro or CHF from USD.
DubFX
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March 17, 2014, 10:51:51 AM
 #8

No i don't think the goverment would allow this.
myself
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March 17, 2014, 10:55:28 AM
 #9

there is a small chance to be gold so pray to the all know gods to be gold Tongue

Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
BitOnyx
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March 17, 2014, 11:30:56 AM
 #10

Well Ruble is doing rather bad and government wont just giveaway possibility of executing monetary policies. It is just another coin with some nice PR or another rumors pretending to be news...

snappa4ever
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March 18, 2014, 01:27:13 AM
 #11

Highly unlikely they will create a new crypto, I think they will just use gold.

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RISE
solex
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March 18, 2014, 01:34:17 AM
 #12

Highly unlikely they will create a new crypto, I think they will just use gold.

An economy can't just use gold as it is too limited for daily use. This was why paper money was invented, hundreds of years ago.

Now, Russia could create a gold-backed ruble, and this would be good, but the problem is that the central bank can't be trusted to limit the ruble circulation to the amount of gold it has in vaults. Also, it would eventually be forced to print, because of fractional reserve banking. So the choice is really fiat all over again, or crypto.


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