This will be the year Russian elites learn that some laws cannot be so easily enforced...
https://www.youtube.com/watch?v=nob0wutM-Xo
Topic: Russia wants to ban Bitcoin because it is a safe haven from..... (Read 2344 times)
December 01, 2014, 01:44:31 PM
Ever since I joined BT in 2012, I have been seeing these sort of articles at a rate of 2 per week. Two years on, Bitcoin-based businesses and exchanges remain perfectly legal and freely operate out of Russia without any harassment.
Even in exchange for goods? Say a grocery store or restaurant.
November 17, 2014, 02:31:35 AM
Ever since I joined BT in 2012, I have been seeing these sort of articles at a rate of 2 per week. Two years on, Bitcoin-based businesses and exchanges remain perfectly legal and freely operate out of Russia without any harassment.
November 17, 2014, 12:40:38 AM
Soon there will be satellites to broadcast the blockchain. It's pretty much impossible to ban crypto's. Bitcoin was made to give the power back to the people.
http://www.coindesk.com/jeff-garzik-announces-partnership-launch-bitcoin-satellites-space/
http://www.coindesk.com/jeff-garzik-announces-partnership-launch-bitcoin-satellites-space/
I wish it would work the way they describe it.
November 16, 2014, 11:55:03 AM
it makes sense why russia would "ban" bitcoin, Putin could buy bitcoin at a discount rate on that news and then sell them when he changes his mind. its the reverse-russian style of a of pump and dump......
November 14, 2014, 04:13:50 AM
Soon there will be satellites to broadcast the blockchain. It's pretty much impossible to ban crypto's. Bitcoin was made to give the power back to the people.
http://www.coindesk.com/jeff-garzik-announces-partnership-launch-bitcoin-satellites-space/
http://www.coindesk.com/jeff-garzik-announces-partnership-launch-bitcoin-satellites-space/
November 14, 2014, 03:57:46 AM
If Russia bans USD and Bitcoin then why would that trigger a bitcoin bubble? When China was talking about banning bitcoin we went down.
Banning Bitcoin won't help us much, but if both USD and Bitcoin are banned and you hold crumbling rubles, which is easier to illegally get? Bitcoin wins hands down.
Point 2: If there is war, cold war or even uncertainty coming that would mean fiat - money based purely on trust in government - would loose to the global, inflation-free and robust nature of Bitcoin.
Might make some of the people who have proclaimed Bitcoin dead the past 2+ months remember why it was invented in the first place.
November 13, 2014, 04:45:06 PM
Bitcoin inner circle is mainly Southern Californian. Russia and China also treats Google and Facebook suspiciously because of their American background.
November 13, 2014, 04:26:45 PM
Well sooner or later Russia will see the power of Bitcoin and will have to unban it. I highly doubt that with the userbase bitcoin has gained they will keep it banned for a long time.
November 13, 2014, 04:23:47 PM
If Russia bans USD and Bitcoin then why would that trigger a bitcoin bubble? When China was talking about banning bitcoin we went down.
You are right that banning Bitcoin will hurt adoption , but banning USD which many Russians are investing in to avoid inflation of the ruble will drive more Russian to illegally buy bitcoin. I don't know how much of an effect this will have though as I am unaware if you can open up accounts in yuan or other fiat currencies in Russia. In many countries usually it is their national currency and the usd.
November 13, 2014, 04:15:01 PM
If Russia bans USD and Bitcoin then why would that trigger a bitcoin bubble? When China was talking about banning bitcoin we went down.
November 13, 2014, 04:03:06 PM
I disagree with him a little in the first; I don't think Bitcoin will end ALL war. I just think it will be more difficult to start and fund over long time stupid wars.
Agree, that it won't eliminate all wars. If bitcoin could even slightly reduce wars it is one of the most important innovations in history.
November 13, 2014, 02:38:52 PM
Excellent talks on the anti-war nature of Bitcoin:
https://www.youtube.com/watch?v=YDk62HApDa8
https://www.youtube.com/watch?v=joITmEr4SjY
https://www.youtube.com/watch?v=YDk62HApDa8
https://www.youtube.com/watch?v=joITmEr4SjY
Seen the second one before, definitely the best (shorter and same points basically).
I disagree with him a little in the first; I don't think Bitcoin will end ALL war. I just think it will be more difficult to start and fund over long time stupid wars.
You might have a few genuine reasons for war left that people would in fact fund even if it cost them.
For instance if I was a Somalian I might indeed choose to fund some newly started government/movement if they could stop the random violence and anarchy.
My own country has a few instances of armed uprisings in the past based entirely on volunteers.
Still that puts a pretty firm limit on the possibilities for war - it would only happen if massive rewards were apparent.
November 13, 2014, 02:31:28 PM
I KNEW Bitcoin was inherently anti-war!
Excellent talks on the anti-war nature of Bitcoin:
https://www.youtube.com/watch?v=YDk62HApDa8
https://www.youtube.com/watch?v=joITmEr4SjY
lol interesting, will check these out. I've only heard of this bitcoin relation to antiwar deal...so not sure how it'd work in a "real world" circumstance (ie. Russia)
November 13, 2014, 01:07:06 PM
you guessed it... war induced hyperinflation! Doesn't it make more sense now? 
(meanwhile putin is buying up bitcoins to protect his personal wealth)
(meanwhile putin is buying up bitcoins to protect his personal wealth)
he buys alot Bitcoin and Litecoin i heard recently.
November 12, 2014, 11:38:47 PM
I KNEW Bitcoin was inherently anti-war!
Excellent talks on the anti-war nature of Bitcoin:
https://www.youtube.com/watch?v=YDk62HApDa8
https://www.youtube.com/watch?v=joITmEr4SjY
November 12, 2014, 11:13:18 PM
The timing seems so perfect.. Another Cold war starts and BTC goes nuts the same day
I KNEW Bitcoin was inherently anti-war!
Inflation gives massive rewards to those who oppress others whereas Bitcoin must be earned fairly - going to war means giving your money away for supplies and the destruction you cause makes everything more expensive, with inflation it can pay off, but in a Bitcoin world your enemies and dissidents end up holding all the capital while you have to pay more!
November 12, 2014, 11:05:35 PM
The timing seems so perfect.. Another Cold war starts and BTC goes nuts the same day
November 12, 2014, 10:53:45 PM
Russia wants to ban USD as well. A Bill was just introduced to ban the USD because russians have been preferring it over the ruble.
http://rt.com/business/russian-lawmaker-dollar-ban-663/
http://www.washingtontimes.com/news/2013/nov/13/bill-would-outlaw-us-dollar-russia/
If Russia bans the USD expect Russians to use Bitcoin as a means of capital flight where the ruble continues to crumble.
Looks like another state using inflation to fund their war. No wonder Russia is trying to prevent capital flight.
http://rt.com/business/russian-lawmaker-dollar-ban-663/
http://www.washingtontimes.com/news/2013/nov/13/bill-would-outlaw-us-dollar-russia/
If Russia bans the USD expect Russians to use Bitcoin as a means of capital flight where the ruble continues to crumble.
Looks like another state using inflation to fund their war. No wonder Russia is trying to prevent capital flight.
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