DID GOLD JUST HIT THE FAN?

[NationOwnedCCNow]

http://rt.com/business/154324-bitcoin-russia-conference-advatages/


http://rt.com/business/154188-russia-payment-system-insurance/


 



Bitcoin is a weapon.



Goodbye USD of A

[blatchcorn]

I am panic buying!!!!!!!!!!!!!1

[NationOwnedCCNow]

I am panic buying!!!!!!!!!!!!!1

I would if I had any fiat left, I DID THAT SHT YESTERDAY!!!!!!!!!!111  1111 



We all billionares by Friday afternoon Wall Street Time, whatever that is 

[adamstgBit]

omg omg omg

[SnakePlisken]

It is obvious now that Russia is actively working to move away from the US dollar and pretty much any financial institution under the US govt's control. They are working on alternatives to Visa/Mastercard and even the SWIFT payment network.

Unfortunately I don't really see them embracing Bitcoin any time soon as they will want a currency that is under their control. I believe the theory that they are working towards making the Ruble fully backed by gold. I believe they have also commissioned a bank to work on their own ecurrency.

Of course, I'm sure many Russian citizens would rather have Bitcoin for privacy concerns so any government-backed ecurrency will probably go the way of the "Mint Chip" that the Canadian government released a while back (i.e. nowhere).

[NationOwnedCCNow]

It is obvious now that Russia is actively working to move away from the US dollar and pretty much any financial institution under the US govt's control. They are working on alternatives to Visa/Mastercard and even the SWIFT payment network.

Yes, they have for a while. On top of that a ton of paper has been signed among BRICS. They want to get rid of Wests monopoly on Money. In perticular the IMF, Worldbank and Goldman Sachs.

Unfortunately I don't really see them embracing Bitcoin any time soon as they will want a currency that is under their control. I believe the theory that they are working towards making the Ruble fully backed by gold. I believe they have also commissioned a bank to work on their own ecurrency.

Yes, but come on see what is happening. They are promoting Bitcoin for the US while banning it at home. They will not embrace bitcoin but they will promote it so the US population and smaller buisinesses do. And i'm SURE they will give us a good startpump

Of course, I'm sure many Russian citizens would rather have Bitcoin for privacy concerns so any government-backed ecurrency will probably go the way of the "Mint Chip" that the Canadian government released a while back (i.e. nowhere).

I'm sure the russian ruble will stand stronger than most in theese times. Russia is an extremely Rich oil and resource-based nation With a strong population and good diplomatic ties.

They will probably let their population invest small personal Money, for a bit of safety, gamble(Crimea) and means of payment/transfer basically.

But the big millionares, billionares, big Companies etc of the west. They will all buy an ammount Bitcoin. Much? Not much? Doesn't matter. For Bitcoins 7bil market cap "Alittle" is a tsunami.

[yayayo]

The era of US$ is coming slowly to an end. But I would not bet that it'll be officially replaced by bitcoin in any country. Bitcoin could eventually coexist as some kind of "gold standard" with national currencies. The end of the US$ as world reserve currency will be a pretty hard hit for the US.

ya.ya.yo!

[blatchcorn]

Is it possible for a fiat currency to backed by Bitcoin?

[Newfeeling]

**Sees headlines**
 

**Sees that it's from RT**
 

[NationOwnedCCNow]

Is it possible for a fiat currency to backed by Bitcoin?

Yes, why not



What if BRICS start a cryptocurrency next year. They pump it to a solid 100 billion "Todays USD". And then they use that to pump up any BRICS or 3rd world Countries hyper-inflating currency to save it. As ive said, Bitcoin is a weapon. It will be used by Companies and countries alike.

[spazzdla]

Is it possible for a fiat currency to backed by Bitcoin?

Very very very possible.

[Bitcopia]

Is it possible for a fiat currency to backed by Bitcoin?

Very very very possible.

I'm not quite sure on the details, but if you listen to Let's Talk Bitcoin episode 99, Adam Back and Austin Hill talk about the sidechain project. One of the points they make is the possibility for Bitcoin backed fiat.

Highly recommended. Episode 99. http://letstalkbitcoin.com/episodes/#.U1a5R-ZdUhw

[TrollboxChamp]

It is obvious now that Russia is actively working to move away from the US dollar and pretty much any financial institution under the US govt's control. They are working on alternatives to Visa/Mastercard and even the SWIFT payment network.

Unfortunately I don't really see them embracing Bitcoin any time soon as they will want a currency that is under their control. I believe the theory that they are working towards making the Ruble fully backed by gold. I believe they have also commissioned a bank to work on their own ecurrency.

Of course, I'm sure many Russian citizens would rather have Bitcoin for privacy concerns so any government-backed ecurrency will probably go the way of the "Mint Chip" that the Canadian government released a while back (i.e. nowhere).

So youre telling me russia created bitcoin to buy gold cheap?   

[MatTheCat]

http://rt.com/business/154324-bitcoin-russia-conference-advatages/

http://rt.com/business/154188-russia-payment-system-insurance/

Goodbye USD of A

Association of Bitcoin Nutters tells Putin controlled RT television journalists:

"yeah, man, Bitcoin is so cool, it is so like going to take over the whole world and keep growing and growing, man. Buy Bitcoin now and become super rich man"

!!!OMG OMG OMG OMG OMG OMG OMG!!!

[porcupine87]

So Russia gave up to place the rubel as world currency? This reminds me on another country in the south of east russia...

[MatTheCat]

So Russia gave up to place the rubel as world currency? This reminds me on another country in the south of east russia...

Read the fkn articles ffs.

Nothing of consequence at all. Just the same old cliched libertarian dogma about Bitcoin in one article, and another article that has nothing to do with Bitcoin whatsoever.

Fkn idiots making posts as though something 'big' had just happened, and then believing in their own bullshit.

[Carra23]

Is it possible for a fiat currency to backed by Bitcoin?

Very very very possible.

I'm not quite sure on the details, but if you listen to Let's Talk Bitcoin episode 99, Adam Back and Austin Hill talk about the sidechain project. One of the points they make is the possibility for Bitcoin backed fiat.

Highly recommended. Episode 99. http://letstalkbitcoin.com/episodes/#.U1a5R-ZdUhw

These are all far fetched concepts right now.

[NationOwnedCCNow]

So Russia gave up to place the rubel as world currency? This reminds me on another country in the south of east russia...

Read the fkn articles ffs.

Nothing of consequence at all. Just the same old cliched libertarian dogma about Bitcoin in one article, and another article that has nothing to do with Bitcoin whatsoever.

Fkn idiots making posts as though something 'big' had just happened, and then believing in their own bullshit.

Are you mentally retarded? Russia has just answered to US sanctions and showed what way they will fight back.

[Bitcopia]

Is it possible for a fiat currency to backed by Bitcoin?

Very very very possible.

I'm not quite sure on the details, but if you listen to Let's Talk Bitcoin episode 99, Adam Back and Austin Hill talk about the sidechain project. One of the points they make is the possibility for Bitcoin backed fiat.

Highly recommended. Episode 99. http://letstalkbitcoin.com/episodes/#.U1a5R-ZdUhw

These are all far fetched concepts right now.

Sidechains are certainly not far fetched. Fiat backed by Bitcoin could be considered far fetched. But the possibility is becoming a reality.

[MatTheCat]

Are you mentally retarded? Russia has just answered to US sanctions and showed what way they will fight back.

Fight back by turning to Bitcoin? Bitcoin, the internet phenomenon that provides an ideal means of capital flight from crisis stricken economies. Capital flight ultimately into USD that is. Russia has said it is going to start wanting a cut of western payment processors profits for operating in Russia. Earlier in the year, Russia (effectively) banned Bitcoin. Nothing positive about Bitcoin has since come out of official channels in Russia.

I think it is rather you that is mentally retarded my friend. In fact, I know you are. I have (kind of) read a few of your other posts.