Another reason bitcoin will succeed: US to target Putin's $40 billion stash - page 6.

tabnloz

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Quote from: Peter R on April 20, 2014, 08:38:32 PM

This is another reason I think bitcoin will succeed. Zerohedge claims the US may go after Putin's $40 billion dollars in financial assets stored in Switzerland:

http://www.zerohedge.com/news/2014-04-20/means-war-us-target-putins-personal-40-billion-stash

Whether you agree or disagree that Putin's fortune is "fair" and whether you agree or disagree that it is right for the US to take his wealth, I believe that if you were in Vladimir Putin's position you'd feel more comfortable with a cool billion (2.5% of his financial wealth) sitting in a secure brain wallet, and perhaps another billion or so in carefully planned m-of-n wallets.

I wonder if Vladimir understands bitcoin.

I suppose this begs the question: as we enter an unfolding currency war (us v rus in this case re: ukraine), how does bitcoin fare?

tabnloz

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Quote from: Siegfried on April 21, 2014, 12:08:08 AM

This (not Putin in particular) has been one of the biggest reasons why I believe an explosion in Bitcoin price is inevitable.

Yep, I think a bail in of a euro country (for eg) that is nether isolated nor smallish like Cyprus should rally the troops to defect to btc. Cyprus was a catalyst for the 266 run up but it was also 'dealt with' and forgotten relatively easily. Now a year later if it goes bigger, btc as an alternative springs to mind as it isnt a strange a phenomenon as last year

Siegfried

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This (not Putin in particular) has been one of the biggest reasons why I believe an explosion in Bitcoin price is inevitable.

smooth

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Quote from: Peter R on April 20, 2014, 08:38:32 PM

I wonder if Vladimir understands bitcoin.

Probably not. But that's not the point. If V's stash does get raided, it creates that much more incentive for other elites to seek out safer places to store wealth than banks, and eventually they will find bitcoin. For that matter, even just the threat of such a raid has the same effect.

Big money figuring out the value bitcoin offers them is coming. The only question is when.

Peter R

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This is another reason I think bitcoin will succeed. Zerohedge claims the US may go after Putin's $40 billion dollars in financial assets stored in Switzerland:

http://www.zerohedge.com/news/2014-04-20/means-war-us-target-putins-personal-40-billion-stash

Whether you agree or disagree that Putin's fortune is "fair" and whether you agree or disagree that it is right for the US to take his wealth, I believe that if you were in Vladimir Putin's position you'd feel more comfortable with a cool billion (2.5% of his financial wealth) sitting in a secure brain wallet, and perhaps another billion or so in carefully planned m-of-n wallets.

I wonder if Vladimir understands bitcoin.

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