piramida (OP)
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Borsche
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October 03, 2014, 08:28:21 AM Last edit: October 03, 2014, 12:01:10 PM by piramida |
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Well, seeing as good news have negative impact on the price, here's some bad news: Completely crazy regulators in Russia have proposed a law that would make any operations with cryptocurrencies illegal, with fines of 1000 euro for citizens and 2000 euro for organizations. Also, creating software for cryptocurrencies or distributing any information that could lead to creation of cryptocurrencies will be outlawed. Source article in russian (law is not passed yet, but knowing that puppets vote for laws in Russia, it will be): http://lenta.ru/news/2014/10/03/bitcoins/to the moon?
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i am satoshi
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frienemy
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I was promised da moon
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October 03, 2014, 08:35:24 AM |
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I contribute with a bad dream, actually my first one about bitcoin:
Last night I dreamt that price is going to crash to 50-60 USD, then recovering to 138, then crashing to 28 USD. My dreams generally don't come true, otherwise would already have experienced 2 apocalypses, starting in my home village. Therefore the bottom MUST be in.
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MCTRL_751 > END OF LINE
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Dalmar
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October 03, 2014, 08:37:25 AM |
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They are clearly afraid that Ruskies will panic dump their rubles for BTC. The Ruble has been the worst performing major fiat currency this year.
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piramida (OP)
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Borsche
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October 03, 2014, 08:48:09 AM |
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They are clearly afraid that Ruskies will panic dump their rubles for BTC. The Ruble has been the worst performing major fiat currency this year.
yes and with incoming country encapsulation in a North Korea form, there's no bottom for rouble's downfall. I don't think banning bitcoin will stop that much only if they add serious prison terms to owning bitcoin, dollar, gold, or anything but rubles and dirt, as was the case in Soviet Union
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i am satoshi
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Asrael999
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October 03, 2014, 09:15:32 AM |
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Was a bit of confusion in Russia news a day or so ago First of all they announced they were considering capital controls Then they announced they definitely weren't considering capital controls
So first make cryptocurrencies illegal - then introduce capital controls?
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wachtwoord
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October 03, 2014, 09:21:09 AM |
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Well, seeing as good news have negative impact on the price, here's some bad news: Completely crazy regulators in Russia have proposed a law that would make any operations with cryptocurrencies illegal, with fines of 1000 euro for citizens and 2000 euro for organizations. Also, creating software for cryptocurrencies or distributing any information that could lead to creation of cryptocurrencies will be outlawed. Source article in russian (law is not passed yet, but knowing that puppets vote for laws in Russia, it will be): http://lenta.ru/news/2014/10/03/bitcoins/to the moon? A Russian law but fines are in Euros and not in Rubles?
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piramida (OP)
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Borsche
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October 03, 2014, 09:21:39 AM |
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Well, seeing as good news have negative impact on the price, here's some bad news: Completely crazy regulators in Russia have proposed a law that would make any operations with cryptocurrencies illegal, with fines of 1000 euro for citizens and 2000 euro for organizations. Also, creating software for cryptocurrencies or distributing any information that could lead to creation of cryptocurrencies will be outlawed. Source article in russian (law is not passed yet, but knowing that puppets vote for laws in Russia, it will be): http://lenta.ru/news/2014/10/03/bitcoins/to the moon? A Russian law but fines are in Euros and not in Rubles? 50000 and 100000 roubles will not say much to people
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i am satoshi
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wachtwoord
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October 03, 2014, 09:26:18 AM |
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Well, seeing as good news have negative impact on the price, here's some bad news: Completely crazy regulators in Russia have proposed a law that would make any operations with cryptocurrencies illegal, with fines of 1000 euro for citizens and 2000 euro for organizations. Also, creating software for cryptocurrencies or distributing any information that could lead to creation of cryptocurrencies will be outlawed. Source article in russian (law is not passed yet, but knowing that puppets vote for laws in Russia, it will be): http://lenta.ru/news/2014/10/03/bitcoins/to the moon? A Russian law but fines are in Euros and not in Rubles? 50000 and 100000 roubles will not say much to people Okay that makes the article more believable. Then I could have commented: a well, Ruble is not doing too well lately anyway https://finance.yahoo.com/q/bc?s=RUB%3DX+Basic+Chart&t=5y . As the Ruble devalues the advantage of Bitcoin increases as even the fine banning it loses value
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zeroday
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October 03, 2014, 10:28:22 AM |
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No surprise. Russia is now rolling back to Soviet Union times. Any freedom will be suppressed. They don't need decentralized cryptocurrency for people who soon will be living under the iron curtain.
But since the Russians don't give a shit about law and love to break rules, bitcoin will gain even more popularity, so, I'd say it's bullish news.
Russia is now going to block any ways to send/receive money abroad and bitcoin may become the easiest "illegal" way doing so as It's much safer than crossing border with $10k in your ass.
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findftp
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Delusional crypto obsessionist
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October 03, 2014, 11:59:20 AM |
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Well, seeing as good news have negative impact on the price, here's some bad news: Completely crazy regulators in Russia have proposed a law that would make any operations with cryptocurrencies illegal, with fines of 1000 euro for citizens and 2000 euro for organizations. Also, creating software for cryptocurrencies or distributing any information that could lead to creation of cryptocurrencies will be outlawed. Source article in russian (law is not passed yet, but knowing that puppets vote for laws in Russia, it will be): http://lenta.ru/news/2014/10/03/bitcoins/to the moon? To the moon and beyond. We will prove that bitcoin works without rules. It's crazy to ban math.
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djokica
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October 03, 2014, 12:06:25 PM |
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No surprise. Russia is now rolling back to Soviet Union times. Any freedom will be suppressed. They don't need decentralized cryptocurrency for people who soon will be living under the iron curtain. Do you think that this will resolve for bigger price change in any crypto. If so this is big real big.
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bajlox
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October 03, 2014, 12:08:19 PM |
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To the moon and beyond. We will prove that bitcoin works without rules. It's crazy to ban math. It always to the moon. All coins work without rules not just BTC. BTC will stay prime for very long time other try to profit on price change.
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Elwar
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October 03, 2014, 12:08:40 PM |
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Bad news, if a country has a war on Bitcoin it will probably eliminate it as well as the war on drugs has.
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin.
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azguard
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Crypto-News.net: News from Crypto World
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October 03, 2014, 12:10:24 PM |
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Was a bit of confusion in Russia news a day or so ago First of all they announced they were considering capital controls Then they announced they definitely weren't considering capital controls
So first make cryptocurrencies illegal - then introduce capital controls? They even considering banning internet a few month ago. If Russian is asking and i hope not this is not gonna be good. It will end up for us badly no money no profit no nothing.
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findftp
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October 03, 2014, 12:26:42 PM |
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Maybe it sounds stupid, but the more I think of it, the more I like the Russian ban. The only problem is that I can't really believe it. It looks like a serious source though. Either way, if they approve the law, they are fucked. If they deny the law, they basically capitulate to bitcoin.
Moon moon moon.
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blatchcorn
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October 03, 2014, 12:31:38 PM |
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Bad news for Russians, not Bitcoin
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Elwar
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October 03, 2014, 12:43:40 PM |
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This only gives the rest of the world more power in the future over Russia.
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin.
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NotLambchop
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October 03, 2014, 12:50:03 PM |
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Bad news for Russians, not Bitcoin Don't need Russia. Don't need China. More cheap Bitcoin for us!
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mikenz
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October 03, 2014, 12:54:22 PM |
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is that old crap sold as new FUD? as far as I know Russia is considering use of Crypto as criminal offense (violation of anti money laundering law) since last year already. But since the Russians don't give a shit about US law and love to break US rules, bitcoin will gain even more popularity, so, I'd say it's bullish news. FTFY
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