Topic: Rouble crash didn't give a chance to Bitcoin? (Read 5047 times)

The problem is, everything is still indexed with the dollar. 
I would say it is wrong to add the euro to that list, along with the rouble

the year 2014 was bearish for all comodities and most currencies
like gold,silver,oil,bitcoin,rouble,Euro etc
the list is big

rouble has just been delisted from bittrex because it was a scamcoin

Bitcoin have enough problem of it's own to think about rather than keep thinking about Rouble crash right now.

Somebody posted an information I knew to be incorrect (that BTC-e is a Bulgarian exchange). I posted a correction and provided the information known to me. This way I believe to have contributed to the thread. I am sorry if my contribution has offended you in any way or if you have perceived it as some form of hindering of your political agenda or whatever. Feel free to ignore me - I won't be offended.

Inca, I once had great hopes for Bitcoin.  I never suggested that I don't care.  Besides, other than, perhaps, Goat Simulator, what vidya has as much slapstick hilarity as this forum?
Rhetorical question--no vidya comes close.

Now go and "increase your holdings" 4 mah entertainment

Given you have more than 5200 posts on btctalk since the start of the year (not including your numerous alts/sock puppets), I think it is fair to say no one on this forum has more time to play 'vidya' than you.

^TL;DR: Another lengthy, detailed post insisting that you're to lazy to learn the facts because you don't care.
Protip: Don't post about shit you don't know or care about--you'll have time to play more vidya

Sorry, I am not interested enough to research yet another Bitcoin-related scam. I've seen plenty of them already.


Which part of "I can't" you fail to understand? There is a web site in Cyprus for the registered companies, but it is as slow as to be practically unusable from my end and we don't know under what name the company is registered anyway. And I am not part of the law enforcement and cannot check bank accounts.


I am not making lengthy posts about it. Somebody posted that it was a Bulgarian exchange and I corrected him by reporting what I know - that only the servers are based in Bulgaria, the company is registered in Cyprus and the exchange is made and maintained by Russians. The rest of my posts in this thread is you disagreeing with me and me stating where I disagree with you. I am most definitely not advocating BTC-e, if you think that this is what I am doing.


Then, I'm afraid, you don't understand the rudiments of business. It is much worse for a business to be caught lying than to remain anonymous.


They would give them exactly zero leads by not saying which jurisdiction applies to them. Saying anything more (even if a lie) provides more information to the investigators.


I disagree with the general principle - what is important is the trustworthyness and not the name of the institution. Bitcoin itself was designed to transfer value without the need to trust a third party. And Enron was a well-known business, nothing anonymous about it, yet it still turned out to be a scam which ended in a disaster.

But that's in general. In particular, as I said, if your point is that BTC-e is not trustworthy, I am not going to argue with you on this, mostly because I don't care whether it is or isn't.

Yes ofcourse but sooner or later musical chair stops and all ur left holding is beanie babies err i mean fiat... Some smart wealthy people will realize the trend before it kicks in

They would need to put a good amount of their wealth too.

It only takes 0.1% of billionaires putting wealth into BTCeanie BTCabies for them to be worth orders of magnitude more, what's your point?

it only takes top 1% of billionaires putting wealth into btc for it to be worth orders of magnitude higher.

You don't see how it's relevant because you're not familiar with it.  I even took the time to post his pic, here:



Google is your friend tho, educate yourself.
 

Find out, instead of guessing.  Knowledge is power


But ...you will make lengthy posts about it.  Why not play some vidya instead?


Right.  See above.


You don't understand the rudiments of lying.  "We're a legit business" sounds much less trustworthy than "Legend Machine is a tool & die manufacturer based in Lincoln, Nebraska."
So now you know.


What is it about not giving investigators more leads/greater attack surface don't you get?


No.  You are, once again, mistaken.  
I'm saying that dealing with any anonymous financial institution is a recipe for disaster, a notion which is self-evident to every child, everywhere but here on bitcointalk.  I hope this makes things bit clearer.

I am not sufficiently familiar with this and don't see how it pertains to the matter discussed.
  

I agree with you on this.


Registering a financial (stocks, bonds, currencies) exchange most likely isn't but Bitcoin is new. I can't easily check its legal status in Cyprus but it varies wildly from country to country. For instance, it is considered property in the USA, a foreign currency in Switzerland (if I remember correctly) and, believe it or not, a service in Bulgaria (as a lawyer specializing in IT-related law told me just a couple of days ago). So, registering a company that "buys and sells digital goods" might be much easier there. This needs checking, though.


I don't know. And I don't care. This is of concern only of its clients, which I am not one of. Also, I don't think that there is a law in Cyprus that says that every registered company has the obligation to provide the registration information to its clients.

It seems that you are trying to imply that BTC-e is a shady business. I am not inclined to argue with you on this - mostly because I don't care what kind of business it is; I have no financial stake in it. I simply reported what I knew about it since the subject arose.


It is simply not possible when you have to deal with large amounts of money in various currencies going through the fiat banking system. They could, however, refrain from revealing the fact that their company was registered in Cyprus. Yet they didn't do so.


You have to provide the name and identification to the company registrar, however - not necessarily to the whole world.


I don't see how this is related to the subject of what kind of operation (Bulgarian, Russian or whatever) BTC-e is and where it is registered. As I wrote above, if what you are harping at is that it is a shady business and shouldn't be trusted, I am simply not interested in debating this issue with you and would readily accept your opinion on it.


They said that they resided in Russia - at least at the time when they wrote this - but weren't Russian citizens.


The fact that it was created and is maintained by native Russians (and not Bulgarians, for instance).


Yes, I could tell, even from just your otherwise excellent English. It should be even easier for you to see that the site was created by native Russian speakers and not just translated to Russian.

You sound as certain & use the same logic as the intrepid NeoBee investors did when I questioned the integrity of Mr. Danny Brewster (see pic).  
If I'm being too subtle, I'll spell it out:  
1.  A financial institution unwilling to offer the bare rudiments of corporate information, such as address, business registration, and names of the key players likely has a reason for doing so.
2.  Registering a company in Cyprus is trivial, registering an exchange is not.  If BTC-e is registered as a bakery, that's not what most would consider sufficient.
  2(a).  If BTC-e is registered, and has not provided the registration to its clients, why?
3.  Regardless, not registering a company is easier still, especially when one wishes to obscure the names of the key players.
4.  Registering a shell requires a name.  Even when said name belongs to some carder degenerate willing to lend it for a nominal sum.  Such people are easy to flip when shit gets real.
5.  Assuming that an anonymous Bitcoin financial institution will hang around when things go wrong, or when it becomes more profitable to walk with the money, is the stuff bitcointalk legends are made of.

TL;DR:  This is certainly going to end well.


If the people running this thing are not Russian citizens, do not reside in Russia, and the business is [purportedly] registered in Cyprus, what makes it a Russian business again?
I'm a native Russian speaker, BTW.  Haven't set foot in the place in years.


Perhaps.  How long ago was this d00d caught again, I seem to draw a blank?



And everyone knew his name, he was the golden boy of Bitcoin, he was in all the papers & shit...

Such wild conspiracies are simply unnecessary. They have considerable monetary operations. They work with banks. They have to have a registered company, or no bank will work with them. Registering a shell company in Cyprus is easy, especially for a Russian businessman. There is simply no point in lying about it. There are other means to preserve their anonymity while conforming to acceptable business practices.


Oh, they are Russians. (Could be Ukrainians, although much less likely.) Definitely native Russian speakers. They just aren't Russian citizens, or at least have stated that they aren't. The statement from them that I remember was "although we currently reside in Russia, we aren't Russian citizens" or something like that. My guess is that they have obtained a citizenship from another country and have renounced their Russian citizenship.

There is a reason why the prosecutor's office in Volgograd (Russia) was investigating this particular exchange and not one of the Chinese ones, don't you think so? Determining who they are and where their company is registered wouldn't be a problem for the Russian law enforcement. But the reaction of the admins wasn't "you can't find us"; it was "we aren't in your jurisdiction - servers are in Bulgaria, company is registered in Cyprus, we aren't Russian citizens".

Most probably not governments, as it is fairly trivial to get a warrant and the information from the bank that they use for wire transfers. I guess they don't want individuals to know; that sort of income can surely attract attention especially in eastern europe.

The reason would be that they are trying to misdirect governments and others who are trying to dissertation the identity of the operators/owners of btc-e.

They could be russians who've emigrated to Cyprus, or they could be bolivians who emigrated to Zimbabwe while pretending that they are russians who emigrated to Cyprus. There are many possibilities, but Occam suggests to pick the most obvious answer, which is - one of the Russia's (former) satellites, maybe Baltic states or Ukraine, if they actually are not citizens (which is just a statement with no proof).

And yeah, you are right - if they actually are registered on Cyprus, does not matter which country they come from, they will be "a cyprus exchange" since local law is all that matters.