WWRD - What Will Russia Do?

[picolo]

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.

It is hard to predict, it could go well legally speaking for Bitcoin in Russia but it is not going well in many other countries.

[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.

This is funny as fck! lol 

Yes, I thought it was hilarious too when I picked it!   

Reminded me of the scene from Anchorman with Brick...





Putin riding a bear LOL!  The thought is so ridiculous you just have to respect it after awhile.

[Lordoftherigs]

Russia will not venture the bitcoin road but Ukraine is much more suitable candidate to embrace bitcoin. Their currency is not doing so great and a turbulent times for their economy are just coming  ...

[UsernameBitcoin]

You know, it really doesn't matter what the Russian government thinks of Bitcoin. Russia is sick.

The Russian economy is a disaster. Everything is underdeveloped. They only rely on gas/oil exports.

The political power in the world is declining. They desperately try to gain influence by starting trouble in the Ukraine. Even if they will succeed, so what? Then, they have control of another, not really well doing country.
They don't have real alliances or partners. Even their relationship with other losers like Venezuela isn't strong.
China is just interested in cheap oil. They don't like these ego-driven war games of Putin. They want to focus on growth without much trouble. Wars and sanctions are just too fucking expensive. They might not like the US but as long as they can sell goods and have lots of US$, they are fine with the status quo.

Military power. Sure, they have nuclear weapons. They won't use them. That would be their end, too. All the other stuff is from the 80s or even earlier.

Knowledge. There are a lot of well educated people in Russia, but the country just makes no use of them. Any significant invention from Russia during the last decade? Nothing. hence, the intelligent ones leave the country, the others kill their brains with vodka. The result are a low life expectancy rate, high suicide rate.

Wealth. The rich get richer, the poor get poorer. But as long as the vodka is cheap, the patriotic slogans funky, and someone else to blame for the bad shit, it will go on for some time.

And Bitcoin? It will grow, with or without Russia. This failed state is absolutely not important. The words of some Fortune500 CEO or the actions of a huge online movement have a stronger and longer lasting impact on the world economy than Putin's childish short-term politics.

[ChuckBuck]

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

Stop comparing BTC with the Internet, you don't have to buy shares of TCP/IP or HTTP to use it.

You did however have to drive to CompUSA to get the latest 56K modem, have a subscription to AOL, Prodigy, or Compuserve to access it and use it.

I don't think he's comparing Bitcoin to the Internet as we know it now, back in the early to mid 90's, the Internet was very inaccessible unless you had the means, know how, and money.

[galdur]

He was just avoiding identifying my argument quoted there. One of the oldest tricks in the book when people don´t like the message but can´t really put their finger on it. Pretty cheap minimizing attempt.

[cubanos]

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.

Russia might not reach the decision of banning bitcoin.

They should be able to take advantage of it instead of banning it.

[Itsumo]

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.

Russia should take another look about bitcoin.
If they can, the advantages of it will take them to where they want to be.