WWRD - What Will Russia Do?

[MasterCasino]

After I read this, What will Russia do next?

Bitcoin Regulation Hints From Alexey Moshkov


We all know that Russia and Bitcoin has a love-hate relationship.

But with this, it is still possible that Russia might be embracing Bitcoin after all.

[ChuckBuck]

Russia will ban Bitcoin as long as this guy's in charge:



Putin is a Beartroll, probably posts in this forum as well.  As long as he keeps pumping worthless Rubles down his citizens throats, they will continue to shy away from Bitcoin.

[GermanGiant]

After I read this, What will Russia do next?

Bitcoin Regulation Hints From Alexey Moshkov


We all know that Russia and Bitcoin has a love-hate relationship.

But with this, it is still possible that Russia might be embracing Bitcoin after all.

What is the relation between your reading and Russia's decision ? Are you close to Putin ?

[galdur]

After I read this, What will Russia do next?

Bitcoin Regulation Hints From Alexey Moshkov


We all know that Russia and Bitcoin has a love-hate relationship.

But with this, it is still possible that Russia might be embracing Bitcoin after all.

What is the relation between your reading and Russia's decision ? Are you close to Putin ?

“Unregulated status of cryptocurrencies makes operations with them rather risky. Bitcoin holders appear to be absolutely insecure in case of any losses”

Like spoken from my own heart. The Russians seem to be on the right track as usual.

[galdur]

The best way to destroy bitcoin is to make its marketplace a paradise for criminals and scammers, ie having it totally free of any regulation and law enforcement. This has worked just splendidly so far, bitcoin has been in a free-fall for over a year and seems to be constantly on the verge of collapsing even further.

[galdur]

The brilliance in this self-destructive system lies in that by encouraging unlimited criminal activity (by making sure that the marketplace is devoid of regulation and law enforcement) you destroy confidence and trust and keep any meaningful capital safely away. Result: anemic volume, next to no buying interest, sitting duck for short sellers and constantly tanking price.

[readysalted89]

Russia will try and make a move against it, the people will buy and hoard regardless then Russia will allow it and try to tax it or some other bonehead move.

They were talking about giving fines for people caught with bitcoins. That should be a nice little earner for the Russian government. Plus I wonder what the Russian government will do with confiscated bitcoins. Will they sell them abroad or destroy them?

[Beliathon]

Putin is a Beartroll, probably posts in this forum as well.

Yeah, keep telling yourself that Putin gives a fuck enough to post here.

As long as he keeps pumping worthless Rubles down his citizens throats, they will continue to shy away from Bitcoin.

Perhaps not forever, though. There are subtitles available for this Russian video. Every nation has dangerous intellectuals.

[Beliathon]

Destroy them? and how exactly would they do that?

Very easily, destroy the private keys or send to known black hole address, such as 1BitcoinEaterAddressDontSendf59kuE

[Beliathon]

Destroy them? and how exactly would they do that?

Very easily, destroy the private keys or send to known black hole address, such as 1BitcoinEaterAddressDontSendf59kuE

You don't think there would be inside theft?

You're putting words in my mouth, friend. All I said was that effectively "destroying" (permanently removing access from) sums of bitcoin is very easy.

[Mellnik]

WTF is this 1BitcoinEaterAddressDontSendf59kuE address lol.

[Beliathon]

I bet my life nobody has the keys for 1BitcoinEaterAddressDontSendf59kuE.

WTF is this 1BitcoinEaterAddressDontSendf59kuE address lol.

A place from which there is no return. A box locked with the laws of the universe, with a tiny slit at the top where you can drop money.

[zcxvbs]

Russia already baned the Bitcoin! They did what revolutionary governments always do.

[Mellnik]

I bet my life nobody has the keys for 1BitcoinEaterAddressDontSendf59kuE.

WTF is this 1BitcoinEaterAddressDontSendf59kuE address lol.

A place from which there is no return. A box locked with the laws of the universe, with a tiny slit at the top where you can drop money.

Rather a jew who claims he doesn't have the private key to lure people to send him coins.

[croato]

Bitcoin is most democratic currency in the world so i am not supprised Russia, China and other non democratic goverments try to destroy it.

[galdur]

Bitcoin is most democratic currency in the world so i am not supprised Russia, China and other non democratic goverments try to destroy it.

They have absolutely no reason to waste time and resources on destroying bitcoin. The bitcoin marketplace is practically set up to self-destruct see my observations above.

[Beliathon]

The brilliance in this self-destructive system lies in that by encouraging unlimited criminal activity (by making sure that the marketplace is devoid of regulation and law enforcement) you destroy confidence and trust and keep any meaningful capital safely away. Result: anemic volume, next to no buying interest, sitting duck for short sellers and constantly tanking price.

This all sounds vaguely familiar, doesn't it?

"Unregulated and unpoliced, the Internet resembles a Wild West frontier town without a sheriff.

Con artists have turned to the Internet, on-line services and electronic bulletin boards to promote bogus stock offerings and other dubious investment opportunities such as gold mining, gemstones and ostrich farming. The Internet also lends itself to marketing scams known as pyramid schemes, in which a few participants get rich and the vast majority get burned. Although many ordinary people may surf the World Wide Web in the belief that their actions are private and anonymous, they are in fact frighteningly vulnerable to various kinds of electronic snooping."

New York Times, 1998, about the Internet

http://www.nytimes.com/1996/08/05/business/worldbusiness/05iht-cyber.t.html

[galdur]

The brilliance in this self-destructive system lies in that by encouraging unlimited criminal activity (by making sure that the marketplace is devoid of regulation and law enforcement) you destroy confidence and trust and keep any meaningful capital safely away. Result: anemic volume, next to no buying interest, sitting duck for short sellers and constantly tanking price.

This all sounds vaguely familiar, doesn't it?

"Unregulated and unpoliced, the Internet resembles a Wild West frontier town without a sheriff.

Con artists have turned to the Internet, on-line services and electronic bulletin boards to promote bogus stock offerings and other dubious investment opportunities such as gold mining, gemstones and ostrich farming. The Internet also lends itself to marketing scams known as pyramid schemes, in which a few participants get rich and the vast majority get burned. Although many ordinary people may surf the World Wide Web in the belief that their actions are private and anonymous, they are in fact frighteningly vulnerable to various kinds of electronic snooping."

New York Times, 1998, about the Internet

http://www.nytimes.com/1996/08/05/business/worldbusiness/05iht-cyber.t.html

So, you figure that the bitcoin marketplace will eventually sort itself out and everything will be fine ? If so when do you estimate that this will happen and given that bitcoin is still plummeting - at which price.

Otherwise, if you for some reason believe that actively encouraging criminality in the bitcoin marketplace hasn´t totally tanked any trust and confidence and led to a constantly cratering price - why don´t you say so ?  

[oblivi]

Russia will ban Bitcoin as long as this guy's in charge:



Putin is a Beartroll, probably posts in this forum as well.  As long as he keeps pumping worthless Rubles down his citizens throats, they will continue to shy away from Bitcoin.

fallling is probably one of Puttins fudding account. I still gotta say that picture of him ridding an actual bear looks pretty epic.

[altcoinlady]

Russia will ban Bitcoin as long as this guy's in charge:



Putin is a Beartroll, probably posts in this forum as well.  As long as he keeps pumping worthless Rubles down his citizens throats, they will continue to shy away from Bitcoin.

This is funny as fck! lol