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February 13, 2015, 05:13:54 PM |
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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.
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