Is Putin going to run his own ICO? | Bitcointalksearch.org

krishnapramod

legendary

Activity: 1470

Merit: 1078

Another state-sponsored digital currency with the same properties of Fiat. Russian deputy finance minister has suggested to change cryptoruble to cyber-ruble because cyber-ruble has fewer negative connotations and anarchist-freedom-loving meaning than cryptoruble and that's what it would be, to compete against ruble and replace cash with cryptoruble to streamline the payment of taxes.

Quote

If the owner is unable to declare the source of cryptorubles, a flat tax of 13% will be levied when converting the cryptocurrency into Russian rubles. Similarly, an automatic 13% tax slab will also be levied on the earned difference of transactions involving buying and selling a crypotoruble.

The state-sponsored cryptocurrencies system is just getting started, China or India would be the next country to launch their own cryptocurrency. The adoption of these centralized cryptocurrencies specially in a cash-based economy would depend on how they are going to be different than the existing electronic payment systems.

haiyou

newbie

Activity: 28

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Regardless of whether the news is true or false, what we need to understand is that since such news often appears, it shows that more and more people or organizations are paying attention to and developing the technology of blockchain. It also proves that the district Blockchain technology in the future Internet security will have an important place

Palmholder

full member

Activity: 224

Merit: 100

Cryptoruble is just a rumor. Yea, Russian Central Bank representative said: "We plan to create cryptorubble", but it looks like a joke. How a currency may be cryptic if Central Bank operates it? They are making different injections to the information field for purposes they only know, maybe they want to pull some bitcoin users to their new "cryptic" rubble, make some chaos in citizens minds. So I beleive such authorities want to operate money transfers instead of making anything out their control

Argoo

full member

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#SWGT PRE-SALE IS LIVE

I would like to see what characteristics this cryptor will have and how it will go inside Russia, since it is unlikely to be of interest to the world community. We, I believe, need a different practice with national centralized digital coins. This way we will be able to better understand and evaluate the advantages of decentralized crypto currency. So let Putin experiment. And we'll see what happens from this.

invincible49

sr. member

Activity: 565

Merit: 268

Remember who u are, what u are & who you represent

There was this kind of speculation before the recent BRICS summit. Governments will try to make their own cryptocurrency to counter their people's interest in other cryptocurrency as they know bitcoin or other altcoins can't be defeated in the modern era of technology and internet, so they will be looking for their own altcoins to be the one being used mostly. These governments seem to grasp everything from sky to bottom of the ocean to virtual world.

alex_shemesh

newbie

Activity: 3

Merit: 0

Makes all the sense for governments to go cryptocurrency. Governments in general do not want cash going around.
Japan was first to mention that digital currency allows to understand money movement on unprecedented level.
I hope Putin buys out waves and pushes it through the roof:)

Mt Pelerin

jr. member

Activity: 131

Merit: 1

Quote from: CryptoBry on October 17, 2017, 09:41:59 PM

This is just the digital version actually of their national currency nothing more nothing less. And this can actually be a trend for many months to come until they would realize of the foolishness of such a decision. The big reason why we have cryptocurrency is to get away from the control and biases of the governments to do whatever they want to do at the expense of the people. When you have a cryptocurrency controlled by the government this can be a big joke and will end as a mediocre attempt.

Totally agree! This is a trend in a way for many countries are thinking of taking this step. But you are right that cryptocurrency is something that will help us get away from the control of the governments and financial institutions as we know them.

DroidR17A

full member

Activity: 490

Merit: 101

Quote from: gbenou74 on November 20, 2017, 06:39:36 PM

Salut tous
Moi je veux savoir qu'est que c'est que

ICO

Salut gbenou, ICO veux l'offre initiale de pièces/tokens. Tu peux trouver un guide de toute la terminologie crypto ici, sur le Lexique Francais: https://bitcointalksearch.org/topic/lexique-crypto-pour-tous-informatique-crypto-trade-et-tutti-quanti-2302417

nuttynoah

full member

Activity: 229

Merit: 100

Quote from: ledu_ico on October 17, 2017, 09:32:45 PM

Putin Orders the Issue of Russia’s National Cryptocurrency – the Cryptoruble, lmfao this sounds just wrong to me.
They have cloned facebook, now it's bitcoins turn ... i can just lol

I've heard the cryptoruble will be back by gold.
Maybe we'll see a lot of commodity backed cryptos in the near future.

Shangerian

jr. member

Activity: 172

Merit: 1

Russia always controls the cash flows of people. ICO will also be held under the control of the authorities

gbenou74

newbie

Activity: 5

Merit: 0

Salut tous
Moi je veux savoir qu'est que c'est que

ICO

DroidR17A

full member

Activity: 490

Merit: 101

Russia isn't the only government planning on issuing a fiat tied cryptocurrency. These fiat cryptos will be price fixed and will not be launched via ICOs. They'll be the equivalent of central mint issued currencies, tied to the nation state banks.

bitcoms

newbie

Activity: 16

Merit: 0

It's joke, I think he has sufficient money and no need going to run ICO.

cryp24x

sr. member

Activity: 1190

Merit: 253

Quote from: ActiveMars on November 20, 2017, 06:01:01 PM

Quote from: hitlab on October 17, 2017, 09:35:23 PM

Makes sense that governments will try to replicate crypto currencies in the fiat system. I imagine all currencies being digitized in the future with bitcoin being one of the options that people can choose to use.

Sounds too perfect. I guess that if government will create own cryptocurrencies — bitcoin will be illegal and all its users - criminals!

Does not make sense. I do not know how you come into that conclusion, I would say it would be like in fiat system where money is backed by gold reserved (thinking Bitcoin is a digital gold) then probably bitcoin will be used to back up those cryptocurrency Grin

.

ajmapalo22

full member

Activity: 266

Merit: 122

It doesn't matter if Russia will have their own coins or ICO as long as it will not affect bitcoin it would be just like any other ICO unless they will consider this as their official digital curreny because with that the demand of bitcoin might be affected and also the pricing. This country is like China which is good in copying things from other countries

ActiveMars

newbie

Activity: 29

Merit: 0

Quote from: hitlab on October 17, 2017, 09:35:23 PM

Makes sense that governments will try to replicate crypto currencies in the fiat system. I imagine all currencies being digitized in the future with bitcoin being one of the options that people can choose to use.

Sounds too perfect. I guess that if government will create own cryptocurrencies — bitcoin will be illegal and all its users - criminals!

PORN_coin

full member

Activity: 210

Merit: 100

it's probably a joke
so I would not take it seriously

derji_udar

newbie

Activity: 4

Merit: 0

Is not true. Shocked

byvalyi

newbie

Activity: 27

Merit: 0

Quote from: ledu_ico on October 17, 2017, 09:32:45 PM

Putin Orders the Issue of Russia’s National Cryptocurrency – the Cryptoruble, lmfao this sounds just wrong to me.
They have cloned facebook, now it's bitcoins turn ... i can just lol

Cloned version of FB is better than FB

However i agree with you. Russian cryptoruble is a joke and not more...

ahmedjamal1998

hero member

Activity: 714

Merit: 537

First of all, if any government in the world plans to create a crypto asset, it won't through an ICO of course.
ICOs are used by individuals or organizations that don't have enough funds to start a certain project so they start raising funds from the public.

A county doesn't need that I guess specially a well financially developed one like Russia.
But even if they do actually create a crypto coin. What's the point ?

The main reason why most of us are into them is it being decentralized. Creating a crypto currency that is backed and controlled by a government is really nothing different than your normal credit card. I don't think anyone who knows and has enough info about btc will ever be interested in such projects.

Plus what is the benefit ? It won't attract anyone of the public. Telling them to leave their cash and use our digital form of money that has the same value of your cash. DUH ?

I still believe that all these are just rumors that were created by some day-dreaming guy and have been rotating the forum and popping up from time to time for no reason.

Topic: Is Putin going to run his own ICO? (Read 561 times)