Russia Proposes Jail Sentence for Bitcoin Activities - page 3.

dothebeats

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Quote from: winguard on November 01, 2015, 12:47:09 AM

Quote from: Blue_Tiger73 on October 30, 2015, 08:38:25 PM

MAN. Why does Russia have to do this? Bitcoin is great and it doesn't do any harm to Russia. As Russia is a big part of the world's economy it may be quite harmful for bitcoin if Russia does this.

Russia is Russia. Will this affect bitcoin and how? I think not, because bitcoin is going to be the future, i dont understand why Russia wants to fight against it, and when they will realize that is better to join and support it than to fight against it.

Russia banning bitcoin won't affect the price that much. Also, see how Localbitcoins' volume in Russia is doing. You will be surprised how this banning affected bitcoin there. Grin

ranochigo

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Quote from: Pierre 2 on October 31, 2015, 05:33:55 PM

Russia behaves so ignorantly about this whole new technology. I mean you can ban illegal use.
But why ban all activity? It is something that should be taken serious in many ways before complete ban.

just my opinion,russia choose to take this way to prevent any drugs transaction and probably because bitcoin is popular there, but popular in negative side

Even without cryptocurrencies, fiats can also be used in drug transactions. They won't stop the blackmarket by stopping Bitcoin. They would want more control over Bitcoin and want banks to be used as a primary payment method, collecting more fees. It does help to prevent tax invasion too.

winguard

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Quote from: Blue_Tiger73 on October 30, 2015, 08:38:25 PM

MAN. Why does Russia have to do this? Bitcoin is great and it doesn't do any harm to Russia. As Russia is a big part of the world's economy it may be quite harmful for bitcoin if Russia does this.

Russia is Russia. Will this affect bitcoin and how? I think not, because bitcoin is going to be the future, i dont understand why Russia wants to fight against it, and when they will realize that is better to join and support it than to fight against it.

Pierre 2

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Russia behaves so ignorantly about this whole new technology. I mean you can ban illegal use.
But why ban all activity? It is something that should be taken serious in many ways before complete ban.

erikalui

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This was the only thing left to do. If I am not wrong, Russia said bitcoin currency is illegal and now they'll arrest people who deal with bitcoins too. They should atleast first check if the currency is being misused or not and then take a step. It's ridiculous if people just trading in bitcoins are sent to the prison.

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Quote from: aso118 on October 29, 2015, 07:54:16 PM

Countries which have a weak currency / are insecure about their currency tend to attack Bitcoin.

You've nailed it. Countries in with capital controls fear massive devaluation and inflation. Bitcoin circumvents their capital controls. They actually fear crypto currencies.

Quote from: Blue_Tiger73 on October 30, 2015, 08:38:25 PM

MAN. Why does Russia have to do this? Bitcoin is great and it doesn't do any harm to Russia.

Above is the reason.

Blue_Tiger73

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MAN. Why does Russia have to do this? Bitcoin is great and it doesn't do any harm to Russia. As Russia is a big part of the world's economy it may be quite harmful for bitcoin if Russia does this.

OROBTC

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Quote from: aso118 on October 29, 2015, 07:54:16 PM

Quote from: ?? on ??

So ponzi schemes are legal in Russia, but Bitcoin illegal?

idiots

Countries which have a weak currency / are insecure about their currency tend to attack Bitcoin.

^^^ True dat ^^^

They attack Bitcoin because they seek a scapegoat to hide their own venality, corruption and incompetence. BTC is a convenient political target...

bitcoinmar

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Quote from: Betwrong on October 29, 2015, 01:46:06 PM

Quote from: ?? on ??

So ponzi schemes are legal in Russia, but Bitcoin illegal?

idiots

They are not idiots. Ponzi schemes are made by those who make laws and Bitcoin is something they don't understand and fear for that reason.

ok, not idiots. Just criminals.

After communists Russia is under control of criminals they all over in no one to stop them Sad

aso118

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Quote from: ?? on ??

So ponzi schemes are legal in Russia, but Bitcoin illegal?

idiots

Countries which have a weak currency / are insecure about their currency tend to attack Bitcoin.

lama-hunter

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and some day putin just forbidds the vodka like the other Dudes on his chair before Roll Eyes

really guys. i think the goverment will just fuck you if you do really shit with the taxes.. back in the 80`s there where also guys who burned alcohol illegal and should get 10 years in russia Wink

but

Be Aware

It`s Russia Shocked

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Quote from: Dissonance on October 29, 2015, 04:48:38 PM

Russia needs bitcoin more then bitcoin needs Russia. The only markets that matter are US, China and the EU. Everything else is small potatoes.

As you can see by the price in russia, it's lagging behind quite a lot.

All this restriction does is make the average joe in russia be left out in the bitcoin economy, potentially making them miss the boat. (While of course putin and his friends will still stock up on bitcoin to profit).

Dissonance

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Russia needs bitcoin more then bitcoin needs Russia. The only markets that matter are US, China and the EU. Everything else is small potatoes.

Betwrong

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I stand with Ukraine.

Quote from: ?? on ??

So ponzi schemes are legal in Russia, but Bitcoin illegal?

idiots

They are not idiots. Ponzi schemes are made by those who make laws and Bitcoin is something they don't understand and fear for that reason.

LFC_Bitcoin

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Russia is a country that didn't let its people have passport's until the late 80's / early 90's.
They're one of the most controlling countries in the world, of course they don't like bitcoin, most wealthy Russian's left the country years ago & have most of their money in dollars/euro/gbp.

When bitcoin gains mainstream adoption Russia will have no choice but to allow its people to use it.

disamsal

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let's hope it will not happen Sad

AtheistAKASaneBrain

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It shows how much they are panicking. The governments don't know how to deal with new tech. If it was on their power, they would love to ban the entire internet too like the NK dictator pig. Of course, it's too late to do any of that because we aren't brainwashed. Bitcoin will never be stopped, you are either in or out, but it will never stop. Too late for it to stop it now.

SerenaL

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Not even a ban will stop russians from buying bitcoins. They dont want to keep their savings in a failing currency.

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Quote from: countryfree on October 28, 2015, 05:47:29 PM

The plan right now is to ban exchanging BTC to rubles. That means the few Russian people who own BTC will have o keep them, and that's good. Who wants rubles anyway? Russian currency has always been seen as junk money outside of Russia. Better have BTC by far.

Yes, I felt the same way when I read the article. Banning Bitcoin>Ruble conversion just stops the inflow of money from other countries. Shouldn't Russia try to stop the outflow of money, such as black market money? I can only assume that the law actually bans bitcoin conversion in both directions and the article is simplifying the words.

I believe the ban can only act as a deterrent to slow down the growth of bitcoin in Russia, they can't stop people owning bitcoin. There is no effective way to track bitcoin ownership.

ROT13

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I think this will be a very good thing for bitcoin, as long as there are still several large countries where it can still be traded for the fiat dollar.

With a ban on exchanging fiat and bitcoin in Russia (and hopefully some other large economies) the only way for residents of these nations to obtain it would be by mining or in exchange for goods or services. Given the right circumstances and word of mouth this could well be the catalyst for levels of everyday bitcoin use unseen in the west.

Topic: Russia Proposes Jail Sentence for Bitcoin Activities - page 3. (Read 5099 times)