Businesses get $25,000 fine for using Bitcoin, $2507 fine for gov officials

Connor936

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Activity: 109

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Quote from: Elwar on October 08, 2014, 09:00:28 AM

Quote from: jacktheking on October 08, 2014, 07:42:04 AM

Quote from: Elwar on October 08, 2014, 07:08:01 AM

Quote from: jacktheking on October 08, 2014, 06:38:49 AM

I wonder what makes them ban bitcoin. Look like less people is supporting Bitcoin nowadays.

Less people? How?

Russia is the largest country (however, not largest population). Thus, if Russia ban bitcoin, about half the population of human will not be able to use bitcoin.

China banned Bitcoin and yet they have the highest volume of trades.

If Russia bans Bitcoin the trade volume will be through the roof.

Russia banning bitcoin can and will cause the trade volume to decrease to levels that would be less then they otherwise would be at. It will probably still have high trading volume because their economy is not stable and bitcoin provides some level of stability to unstable economies (especially when the banking sector in such country is less then certain to survive)

bigasic

hero member

Activity: 924

Merit: 1000

Governments and big banks HATE bitcoin, so they will do anything and everything to bring it down. Russias ban on bitcoin wont succeed. Other countries im sure will follow suit, but the best way to go is if you cant beat em join em...

h4xx0r

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Activity: 154

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★Bitin.io★ - Instant Exchange

Quote from: ?? on ??

Wow this is full of trolls and loons lets clear things up!

1)This has not and will not happen in the US, America is getting businesses that deal with bitcoin to open and they pay taxes
2)Russia probably won't have this pass
3)"Actor"Tom_Truong is full core insane and all europeans are not inbred and there is no conspiracy here
4)Cary on like usual even if a ban happened there would be zero enforcement.

I agree on points 1,2,3 and but i'm not sure 4 is true, especially if russia approves the ban. Its hard to see them pass it though. they would stand to gain financially by launching bitcoin related commerce projects.

r3c4ll

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I hope Maduro (president of Venezuela) does'nt see this post

BayAreaCoins

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Owner at AltQuick.com

Quote from: SaltySpitoon on October 08, 2014, 11:44:22 AM

I wonder if you will be able to pay your fines in Bitcoin?

Wonderful service idea Tongue

hellscabane

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Activity: 896

Merit: 1000

Russia has been on a serious streak of stupid bans. And the sad thing is that this ban isn't even remotely near the "stupidest" of bans within the past few months.

Just remember, they've banned the import of food from a whole bunch of countries. That led to food prices increasing by a bunch of percentage points within a few weeks.

The bitcoin ban was somewhat anticipated and surprisingly not as "stupid." Then again, as mentioned, how the hell are they gonna enforce this?

leopard2

legendary

Activity: 1372

Merit: 1014

SO...After using CHINA BAN BITCOIN meme for the 2417. time, it has lost its effect

NOW..RUSSIA BAN BITCOIN meme is being invoked, to try to get sub $200 coins?

YAWN Embarrassed

Eotnak

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Activity: 117

Merit: 10

Quote from: ArticMine on October 08, 2014, 01:16:42 PM

Quote from: Eotnak on October 08, 2014, 12:49:56 PM

Quote from: ArticMine on October 08, 2014, 12:35:07 PM

Quote from: Chris_Sabian on October 08, 2014, 09:59:50 AM

How would this even be enforced?

Simple. Use the DRM already built into Microsoft and Apple products, and you have control over 98% of the desktop / laptop market.

I smell a new flavor of Linux: Bitux

As soon as someone works the Kernel, I'm going to get to work on the dual boot install script for Windows users.

One has to be careful here since there are ex2/ex3/ex4 drivers for Windows so it is possible for the Windows system to wipe out files in the GNU/Linux dual boot. A similar thing can also occur with network shares on a GNU/Linux machine that can be written to from Windows. Before one starts to think of paranoia here there are a few things to keep in mind. Microsoft has provided the FSB (The successor the the KGB) with access to the Windows source code. There is also the section in the Windows EULA on malicious software. One must keep in mind that if the Russian Government deems crypto-currency illegal then Microsoft would be within their rights to remove any crypto-currency software, including such files as wallet.dat, from computers running Windows in Russia. Then there has already been a precedent of Apple using the DRM in IOS to suppresses the teachings of the Dalai Lama at the request of the Chinese Government.

Wow I had no idea about the FSB and Dalai Lama stuff. I guess Bitux will have to run alone with warnings about dual boot systems. Plus there's also Android! Who wants to make the Russian Bitcoin ROM?

h4xx0r

full member

Activity: 154

Merit: 100

★Bitin.io★ - Instant Exchange

Is this legitimate? Normally i would be all against this, but based on how judgemental this community is and with all of the scammers to blame, i approve. Until crypto has regulation i cannot fully support it.

ArticMine

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Activity: 2282

Merit: 1050

Monero Core Team

Quote from: Eotnak on October 08, 2014, 12:49:56 PM

Quote from: ArticMine on October 08, 2014, 12:35:07 PM

Quote from: Chris_Sabian on October 08, 2014, 09:59:50 AM

How would this even be enforced?

Simple. Use the DRM already built into Microsoft and Apple products, and you have control over 98% of the desktop / laptop market.

I smell a new flavor of Linux: Bitux

As soon as someone works the Kernel, I'm going to get to work on the dual boot install script for Windows users.

One has to be careful here since there are ex2/ex3/ex4 drivers for Windows so it is possible for the Windows system to wipe out files in the GNU/Linux dual boot. A similar thing can also occur with network shares on a GNU/Linux machine that can be written to from Windows. Before one starts to think of paranoia here there are a few things to keep in mind. Microsoft has provided the FSB (The successor the the KGB) with access to the Windows source code. There is also the section in the Windows EULA on malicious software. One must keep in mind that if the Russian Government deems crypto-currency illegal then Microsoft would be within their rights to remove any crypto-currency software, including such files as wallet.dat, from computers running Windows in Russia. Then there has already been a precedent of Apple using the DRM in IOS to suppresses the teachings of the Dalai Lama at the request of the Chinese Government.

RodeoX

legendary

Activity: 3066

Merit: 1147

The revolution will be monetized!

Now I'm waiting for the other shoe to drop. When Russia announces Putin-coins. "The coin you MUST use!"

Eotnak

member

Activity: 117

Merit: 10

Quote from: ArticMine on October 08, 2014, 12:35:07 PM

Quote from: Chris_Sabian on October 08, 2014, 09:59:50 AM

How would this even be enforced?

Simple. Use the DRM already built into Microsoft and Apple products, and you have control over 98% of the desktop / laptop market.

I smell a new flavor of Linux: Bitux

As soon as someone works the Kernel, I'm going to get to work on the dual boot install script for Windows users.

ArticMine

legendary

Activity: 2282

Merit: 1050

Monero Core Team

Quote from: Chris_Sabian on October 08, 2014, 09:59:50 AM

How would this even be enforced?

Simple. Use the DRM already built into Microsoft and Apple products, and you have control over 98% of the desktop / laptop market.

spooderman

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Activity: 1652

Merit: 1029

Russia bans use of alternative currency.

States penalties for use in USD.

SaltySpitoon

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Welcome to the SaltySpitoon, how Tough are ya?

I wonder if you will be able to pay your fines in Bitcoin?

Mirdude

sr. member

Activity: 319

Merit: 250

Which countries does this apply to?

It would be funny if this took place in America.

allthingsluxury

legendary

Activity: 1540

Merit: 1029

Pathetic. Simply pathetic.

chopstick

legendary

Activity: 992

Merit: 1000

Russia is currently experiencing a decline in the valuation of it's home currency (the ruble.) This is causing them a lot of economic headache.

Of course, the reason that this is happening is because of the USA and western-backed sanctions over the conflict in Ukraine.

Likely they are "banning" bitcoin as a pre-emptive measure to protect the Ruble from further devaluation.

The fact that they realize bitcoin is a threat to their own currency is telling.

RustyNomad

sr. member

Activity: 336

Merit: 251

This will just make Bitcoin even more popular, people want what they're not allowed or able to have....

Chris_Sabian

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Activity: 896

Merit: 1001

How would this even be enforced?

Topic: Businesses get $25,000 fine for using Bitcoin, $2507 fine for gov officials (Read 2889 times)