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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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yatsey87
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September 13, 2014, 12:25:23 PM |
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Russia . There's certain aspects of their culture and society that are just so backwards. Banning something like bitcoin is just abhorent for these silly reasons. Criminals can just as easily use government issued fiat.
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gmx95
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September 14, 2014, 10:18:10 PM |
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Haven't they already declared earlier that it is illegal for companies to deal in bitcoin there?
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notthematrix
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September 14, 2014, 10:28:08 PM |
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so what is the problem , then they change it to "real money" outside russia http://www.btc-e.com offshore.
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bryant.coleman
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September 15, 2014, 08:10:51 AM |
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so what is the problem , then they change it to "real money" outside russia http://www.btc-e.com offshore. BTC-E has nothing to do with Russia. Although BTC-E was established by Russian citizens (Alexey and Alexander), it was originally based in Kiev, Ukraine. After a few months, they moved to Bulgaria as the Ukrainian authorities were having problems with the tax aspect. Right now they operate out of Sofia, Bulgaria, although almost 100% of their staff is Russian.
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LiteCoinGuy (OP)
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September 15, 2014, 09:01:22 AM |
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so what is the problem , then they change it to "real money" outside russia http://www.btc-e.com offshore. BTC-E has nothing to do with Russia. Although BTC-E was established by Russian citizens (Alexey and Alexander), it was originally based in Kiev, Ukraine. After a few months, they moved to Bulgaria as the Ukrainian authorities were having problems with the tax aspect. Right now they operate out of Sofia, Bulgaria, although almost 100% of their staff is Russian. thx for that piece.
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notthematrix
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September 15, 2014, 09:27:56 AM |
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Well thats what I say , blocking bitcoin in russia is no diffrent then the dollar that is blocked ..... effectiveness 0.00000000000
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bryant.coleman
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September 15, 2014, 12:02:02 PM |
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Well thats what I say , blocking bitcoin in russia is no diffrent then the dollar that is blocked ..... effectiveness 0.00000000000
Anyway... the heading says "they might ban the Bitcoin after one year" and not "they will ban the bitcoin in 2015". If they actually wanted to ban the Bitcoin, then they would have done that already (for example, the bans by China and Thailand). Russians are concerned that Bitcoins might be used to fund the Islamist insurgents in Daghetsan and Chechnya. Seems like they are overestimating the intelligence of these rebels.
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niothor
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September 16, 2014, 05:22:13 PM |
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Well thats what I say , blocking bitcoin in russia is no diffrent then the dollar that is blocked ..... effectiveness 0.00000000000
Anyway... the heading says "they might ban the Bitcoin after one year" and not "they will ban the bitcoin in 2015". If they actually wanted to ban the Bitcoin, then they would have done that already (for example, the bans by China and Thailand). Russians are concerned that Bitcoins might be used to fund the Islamist insurgents in Daghetsan and Chechnya. Seems like they are overestimating the intelligence of these rebels. Bitcoin is not banned in China. I can't believe you spend so much time on this forum and still post this. “People can play with their chips, and they can call them money, but they can’t use these surrogate currencies as tender,” Deputy Finance Minister Aleksey Moiseev told journalists in Moscow. “We will discuss this law in the current session of parliament, and possibly even pass it then, or at the very latest by spring next year. We are currently dealing with comments from the law enforcement agencies, about the specifics of legal measures, and we will take their remarks into account. But the overall concept of the law is set in stone.”
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1K
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September 16, 2014, 06:46:21 PM |
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So is thgis set in stone or actually confirmed? There's always a lot of fud and Chinese whispers when it comes to bitcoin getting banned when it usually turns out this isnt the case.
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niothor
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September 16, 2014, 06:50:07 PM |
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So is thgis set in stone or actually confirmed? There's always a lot of fud and Chinese whispers when it comes to bitcoin getting banned when it usually turns out this isnt the case.
According to the Deputy Finance minister which I quoted above , it is. . Who is against bitcoin China , Russia , Vietnam , Thailand , Bolivia... Who is pro EU , US Canada... And to think how many people demonize the EU and US here.
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Tirapon
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September 16, 2014, 06:54:03 PM |
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Well thats what I say , blocking bitcoin in russia is no diffrent then the dollar that is blocked ..... effectiveness 0.00000000000
Anyway... the heading says "they might ban the Bitcoin after one year" and not "they will ban the bitcoin in 2015". If they actually wanted to ban the Bitcoin, then they would have done that already (for example, the bans by China and Thailand). Russians are concerned that Bitcoins might be used to fund the Islamist insurgents in Daghetsan and Chechnya. Seems like they are overestimating the intelligence of these rebels. Bitcoin is not banned in China. I can't believe you spend so much time on this forum and still post this. Its not banned in Thailand either
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notthematrix
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September 16, 2014, 10:03:55 PM |
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So is thgis set in stone or actually confirmed? There's always a lot of fud and Chinese whispers when it comes to bitcoin getting banned when it usually turns out this isnt the case.
According to the Deputy Finance minister which I quoted above , it is. . Who is against bitcoin China , Russia , Vietnam , Thailand , Bolivia... Who is pro EU , US Canada... And to think how many people demonize the EU and US here. will not help only delay it a bit piratebay (banned) , wikileaks (banned) , Snowden (banned) here you see the gov can only tell bla bla when it comes to cyberspace! effeciveness of ban 0.00000000000
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Paladin69
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September 17, 2014, 07:05:15 AM |
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Countries that claim to be enemies in the media are not really enemies. If Russia wanted to take down the US, denominating their oil in Bitcoin would do the trick, easy mode. But they won't do that. Central bankers are just buddies bribing buddies.
Carry on, puppet-show.
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Neotox
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September 17, 2014, 08:32:45 AM |
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i don't think they will Ban bitcoin only Bitcoin is not used by criminals and terrorists they are also using rubble and USD so govt should ban these currencies also? Never if they think that Banning Bitcoin will stop criminals and terrorists then they should think again bitcoin never promoting such activities its just a digital currency
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Available PM me to rent this space.
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LiteCoinGuy (OP)
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September 17, 2014, 08:53:51 AM |
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Well thats what I say , blocking bitcoin in russia is no diffrent then the dollar that is blocked ..... effectiveness 0.00000000000
Anyway... the heading says "they might ban the Bitcoin after one year" and not "they will ban the bitcoin in 2015". If they actually wanted to ban the Bitcoin, then they would have done that already (for example, the bans by China and Thailand). Russians are concerned that Bitcoins might be used to fund the Islamist insurgents in Daghetsan and Chechnya. Seems like they are overestimating the intelligence of these rebels. Bitcoin is not banned in China. I can't believe you spend so much time on this forum and still post this. Its not banned in Thailand either i know there is a website which lists all "banned/unbanned" countries and adds some sources... dont know the name anymore edit:
http://bitlegal.io/
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Lethn
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September 17, 2014, 04:03:21 PM |
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Haven't they already declared earlier that it is illegal for companies to deal in bitcoin there?
Do your fucking research and stop believing what people randomly post up on the internet as fact, Thailand, China and Russia were all falsely reported on, Thailand hasn't banned Bitcoin in the slightest, Russia and China have only restricted their trade. This article seems to be more legitimate because RT actually have people like Max Keiser on their channel who are in the know about cryptocurrencies so if Russia is actually going to make a move on cryptocurrencies Russia Today will definitely be informed.
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