Topic: Russia says BTC will never be legalised - do you think we'll see a knock on? - page 2. (Read 1459 times)
December 01, 2017, 01:05:46 PM
It s not problem whether countries adopt the same thing or note. The issue here is that btc can`t be stopped and as soon as just one competitor of Russia accepts it, they would have no other choice as they will be out of competition
December 01, 2017, 12:53:57 PM
Most govs see bitcoin as a threat and some will try to get rid of it
December 01, 2017, 12:48:39 PM
no country can completely regulate bitcoin it can observe and form guidelines but can't stop and legalize technology is fast changing in this world
December 01, 2017, 12:14:40 PM
It's very likely that what he mentioned as use of blockchain would be on the government's own fiat. Bitcoin coming in is basically money from abroad and it seems the Russia wants total control of its economy. Digital ruble anyone?
Oh, that's horrible.
Was it also Russian that advocated printing a lot of money to the point that it becomes worthless so that people would no longer bother working for money? Commies sure comes up with a lot of crazy ideas.
I would agree with you on your third point but capitalist countries are not doing such a good job either, the US printed a lot of money in the previous years and many other countries around the world did the same, things are about to get really difficult maybe not in this year but soon enough since a global economy based on debt cannot last forever.It is quite true. I believe that it will. Russia will never allow the free circulation do not of their territory is a controlled currency. The methods of the struggle can be very hard. During the Soviet era in Russia shot people for trade dollars. Putin came from the KGB so I assume any options.
Oh, that's horrible.
Back in the XX century, russians said Russia would never be capitalist because socialism would prevail all over the world. Look what happened.
Ignore this fool.
Ignore this fool.
Was it also Russian that advocated printing a lot of money to the point that it becomes worthless so that people would no longer bother working for money? Commies sure comes up with a lot of crazy ideas.
Yeah, it's eventually gonna blow and the collapse of petrodollars would drag the entire world down. I just hope when fiat becomes as worthless as a Zimbabwean dollar, most people already have at least a bitcoin wallet and just use that to transact.
November 30, 2017, 08:01:52 PM
Wellll, I've heard somewhere that Russia can legalize bitcoin and other crypto-currencies as early as next year. The Bank of Russia and profile departments now determine what status they should get. At any given time, the state must know who is on both sides of the financial chain. If there is a transaction, the people who conduct it must understand who they are buying from and to whom they are selling, just like with banking transactions
The Bank of Russia and the relevant departments are developing a joint position regarding the status of the crypto currency. According to him, afterwards, approaches to their regulation will be determined.
The Bank of Russia and the relevant departments are developing a joint position regarding the status of the crypto currency. According to him, afterwards, approaches to their regulation will be determined.
November 30, 2017, 06:26:39 PM
Hahaha Bitcoins are illegal because they are evil.... So we'll steal the technology and use a centralized version.
And this my friends is how you fall decades behind your fellow countries. Good luck to all Russians. This is an uphill battle against incompetent bribed morons.
Hah i guess in this country many old people who trust in god as fuck and cannot understand what is virtual currency. Unfortunately... And this my friends is how you fall decades behind your fellow countries. Good luck to all Russians. This is an uphill battle against incompetent bribed morons.
November 30, 2017, 06:15:20 PM
The words and actions of officials of various government structures in Russia do not always converge and have always been contradictory in relation to the crypto currency. However, I think that the current Russian government will not allow its people to legally use bitkoyn and other types of crypto currency. They want to fully control their people, and the principles of the functioning of the crypto currency do not correspond to their aspirations.
November 30, 2017, 05:57:40 PM
the currencies will be accepted by the whole world, it is just a question of time, we have not to forget that the technology of the blochaine has lately become ispired by many countries,
November 30, 2017, 05:18:35 PM
Nikolai Nikiforov stated: "Bitcoin is a foreign project for using blockchain technology, the Russian law will never consider bitcoin as a legal entity in the jurisdiction of the Russian Federation."
The article goes on to say:
"However, Nikiforov added that it is "quite possible" that Russia could consider using blockchain technology, as well as various digital tokens. However, he did not provide any context in which the technology might be utilized."
Do you think we'll see other countries going down this route?
Source: https://www.coindesk.com/russia-will-never-consider-bitcoin-legalization-says-minister/
The article goes on to say:
"However, Nikiforov added that it is "quite possible" that Russia could consider using blockchain technology, as well as various digital tokens. However, he did not provide any context in which the technology might be utilized."
Do you think we'll see other countries going down this route?
Source: https://www.coindesk.com/russia-will-never-consider-bitcoin-legalization-says-minister/
Russia is a communist country their structure is very much different from other democratic country and we had more democratic countries than communistic ones, so the impact will not very hard but there will still be a lot of Russians participating in trading Bitcoin because they knew the full value of Bitcoin.
November 30, 2017, 05:12:48 PM
Nikolai Nikiforov stated: "Bitcoin is a foreign project for using blockchain technology, the Russian law will never consider bitcoin as a legal entity in the jurisdiction of the Russian Federation."
The article goes on to say:
"However, Nikiforov added that it is "quite possible" that Russia could consider using blockchain technology, as well as various digital tokens. However, he did not provide any context in which the technology might be utilized."
Do you think we'll see other countries going down this route?
Source: https://www.coindesk.com/russia-will-never-consider-bitcoin-legalization-says-minister/
The article goes on to say:
"However, Nikiforov added that it is "quite possible" that Russia could consider using blockchain technology, as well as various digital tokens. However, he did not provide any context in which the technology might be utilized."
Do you think we'll see other countries going down this route?
Source: https://www.coindesk.com/russia-will-never-consider-bitcoin-legalization-says-minister/
It's quite tricky for me, i mean they use blockchain but not bitcoin for transaction how can they build an ICO that not using bitcoin coz i know Ethreum and waves transactions is connected to bitcoin. but how come?
November 30, 2017, 05:10:29 PM
Although Russia or China ban Bitcoin. It still develop. Because there are many banks and corporations in the world such as Japan, America, South Korea accept Bitcoin. So, no problem!
November 30, 2017, 04:56:37 PM
It is quite true. I believe that it will. Russia will never allow the free circulation do not of their territory is a controlled currency. The methods of the struggle can be very hard. During the Soviet era in Russia shot people for trade dollars. Putin came from the KGB so I assume any options.
Could you please stop this bullshit? You've been watching too much CNN/BBC stuff...
If you want to go down that route, you should remember what US government did to people holding gold in the beginning of 20th century.
As for Russia, it is quite innovative, when the blockchain technology is concerned. Re Buterin's talk with Putin regarding the technology in general in Ethernet in particular.
What Nikiforov said is that Bitcoin will not be made a legal state tender on the territory of RF. But then again, neither are dollars or Euros are legal tender in Russia. And neither is Euro or Rouble a legal tender in USA.
Now, if you want the state of affairs regarding Bitcoin and blockchain in Russia, I'd suggest the following two reads, closer to source, i.e. Russia:
Russia’s Love Affair With Crypto Confuses Many
http://russia-insider.com/en/russias-love-affair-crypto-confuses-many/ri21668
Quote
“After the meeting, it seemed to me that the light flicked on for him [Putin]” Tom Luongo, an expert on the Russian economy, told VICE News. ”This was a way to rapidly push forward Russian financial and banking services, they are now moving rapidly to effectively digitize their entire economy.”
Bitcoin megacity could rise in Russia's Siberia
https://www.rt.com/business/410028-russia-bitcoin-megacity-siberia/
Quote
Russia may soon build a city in Siberia just to mine cryptocurrency. The idea is to provide a new source of income for people and the state, and in the future create a rival to Silicon Valley.
The city should be located in Siberia or the Far East, not far from a large hydroelectric power station, according to Russian State Duma member Boris Chernyshov.
Cryptocurrency mining has become popular in Siberia due to the region's low energy costs. The process requires computing power and lots of electricity. Irkutsk has become a hub for cryptocurrency mining because electricity is very cheap, about five times less expensive than in Moscow.
"A mining city will help people make money, buy apartments and other things they need. It will replenish the state budget at the expense of taxes. If we build such a settlement near the border, for example, with China, this will immediately cause great interest, there will be flows of business tourists. Such a place will become a business hub, bringing investment from abroad. This is a driver, a point of growth," said the deputy.
The city should be located in Siberia or the Far East, not far from a large hydroelectric power station, according to Russian State Duma member Boris Chernyshov.
Cryptocurrency mining has become popular in Siberia due to the region's low energy costs. The process requires computing power and lots of electricity. Irkutsk has become a hub for cryptocurrency mining because electricity is very cheap, about five times less expensive than in Moscow.
"A mining city will help people make money, buy apartments and other things they need. It will replenish the state budget at the expense of taxes. If we build such a settlement near the border, for example, with China, this will immediately cause great interest, there will be flows of business tourists. Such a place will become a business hub, bringing investment from abroad. This is a driver, a point of growth," said the deputy.
November 30, 2017, 04:47:51 PM
Russia - as China - always had a trouble game on Bitcoin, one day saying it is forbidden, and the day after saying they want to conquer market shares in term of mining. It is very misleading, and so I think the best is to not care at all about what is being said.
November 30, 2017, 04:30:22 PM
Bitcoin is money out of control and i don't think any government wants to let circulating money they can't control and specially can't tax.
November 30, 2017, 04:05:35 PM
Today you hear something from Putin, tomorrow you hear something else from someone else. It is understandable that most countries will want to see how they can adopt the blockchain technology without having to legalize bitcoin knowing its decentralized nature. However, not legalising does not mean it can be stopped and I am sure they already know that. Worst that would happen is for each country to introduce their own centralised coin and find a way to push it. Apparently, we just have to wait to see how things would all turn out at the end.
Although not all countries are adopting Bitcoin as the main Crypto-Currency but the Blockchain itself is a sustainable digital monetary that must be adapted because Crypto-Currency is the future of monetary economy and trade. Any country that is not able to adapt Crypto-Currency will cannot sustain the advancement of economy and trades.
November 30, 2017, 03:59:05 PM
Nikolai Nikiforov stated: "Bitcoin is a foreign project for using blockchain technology, the Russian law will never consider bitcoin as a legal entity in the jurisdiction of the Russian Federation."
The article goes on to say:
"However, Nikiforov added that it is "quite possible" that Russia could consider using blockchain technology, as well as various digital tokens. However, he did not provide any context in which the technology might be utilized."
Do you think we'll see other countries going down this route?
Source: https://www.coindesk.com/russia-will-never-consider-bitcoin-legalization-says-minister/
The article goes on to say:
"However, Nikiforov added that it is "quite possible" that Russia could consider using blockchain technology, as well as various digital tokens. However, he did not provide any context in which the technology might be utilized."
Do you think we'll see other countries going down this route?
Source: https://www.coindesk.com/russia-will-never-consider-bitcoin-legalization-says-minister/
I'm sure they're just bluffing to get the bitcoin prestige down, we'll see next year what Russia will do with bitcoin, whether they still ban it or support it.
November 30, 2017, 03:57:11 PM
Bitcoin as the Mother of Cryptocurrencies is supposedly act like a virtual currency that can be the coins circulated in the world to be as payment for products and services but today Altcoins are really acting like a real currency and Bitcoin is an Internet Gem that people were not actually use it as purpose but instead collect it and hold or hide it from behind wallets that is like a valuable Gem that used to be invested.
But Bitcoin is volatile and any time soon it will have no value at all because it is a intangible Gem that relies on internet and blockchain networks.
But Bitcoin is volatile and any time soon it will have no value at all because it is a intangible Gem that relies on internet and blockchain networks.
November 30, 2017, 03:54:52 PM
For the moment from Russia we have only see cloud mining scams with Hashprofit and Hashocean being some of the worst scams ever pulled.
This saying from Russia that Bitcoin will never be legalized is just a warning to people there and not the world I think. We can continue with using Bitcoin no matter what Russia say or does. The power of bitcoin lies even in its algorithm which cannot be or at least has not been compromised so far by Russians or anyone else.
This saying from Russia that Bitcoin will never be legalized is just a warning to people there and not the world I think. We can continue with using Bitcoin no matter what Russia say or does. The power of bitcoin lies even in its algorithm which cannot be or at least has not been compromised so far by Russians or anyone else.
November 30, 2017, 03:52:40 PM
They will never consider bitcoin a their legal entity? What? What do they think about bitcoin and then while saying this, "we will have our own coin". Russia are quite messing up with what they are saying on their stance about bitcoin. It is something that they should recognize or give a strong statement if there is really a possibilitt just tell it to the people and remove that 'quite'.
November 30, 2017, 03:49:21 PM
Today you hear something from Putin, tomorrow you hear something else from someone else. It is understandable that most countries will want to see how they can adopt the blockchain technology without having to legalize bitcoin knowing its decentralized nature. However, not legalising does not mean it can be stopped and I am sure they already know that. Worst that would happen is for each country to introduce their own centralised coin and find a way to push it. Apparently, we just have to wait to see how things would all turn out at the end.
Interest of the stage in bloc chain technology is now increasing, they now realized the importance of online currency therefore they have been compel to accept the importance of online currency therefore they are at least thinking about how to turn bitcoin as legal currency. At least they must be thinking about how to create their own crypto currency which they can use in limited area and for limited purposes. Jump to: