I wanna go on record saying that this latest Russian stunt where they banned Bitcoin is just another game they're playing to throw off suspicion that they're actually going all-in into Bitcoin with China.
Bitcoin will be backed in a huge way by Russia and China and it should become very obvious later this year.
The U.S. is dragging its feet because of all the conflict of interest from the major banks which, in the short run have a lot to lose, while in the long run the banks gain almost as much power and wealth as the government.
So by the time the U.S. wakes up, China and Russia will own too much Bitcoin for the U.S. to be able to go all-in as the east would then be massively enriched by the massive wealth transfer of the west into BTC. So then, the U.S. and Europe (and their alies) will be forced to find a competing coin which they can market in such a way that people will embrace it as they do Bitcoin.
This has been my theory from day one and it's more obvious to me now, more than ever, that the coin they will choose will be iXcoin.
By the way, the board seats being quickly evacuated (first Shrem and now Kapelas) is a contingency move by the CIA to keep Russia and China from taking total control of Bitcoin, for whoever controls the foundation controls the entire Bitcoin protocol so even if China and Russia buy into Bitcoin, the U.S. can sabotage Bitcoin in the future by sabotaging the protocol in a way that will cause the masses to embrace a different coin (i.e. iXcoin) over Bitcoin.
Expect more surprise BTC foundation seats to be emptied [very soon] which will undoubtedly be replaced by hand-picked CIA and fed puppets.
So the first thing that will happen if I'm right is Russia will soon (30-90 days) change their minds [full 180] and go from banning Bitcoin to being all for it and they and china will slowly get behind it more and more and by end of this year - latest 9/2015, China and Russia will be completely and openly behind Bitcoin.
And iXcoin will take the West and its allies! (by end of 2015)
Can I please get a: "You're insane!" Since Bitcoin hit my $1200 price target nobody has called me that. lol
I do believe Russia is not out of Bitcoin, it was just a diversion for the west. Like you said, much like china, Russia is going to retract that statement and say they are all-in on bitcoin
Now pertaining to IXcoin, it's a matter of time before it gets picked up in a big way. I'm not too knowledged on how IX feeds off the bitcoin network and which coins actually do, i know NMC does and some others.
But what i can say is from my experience, is security and reducing risk are the number 1 prioritys for investors. And in this case we are talking about a whole different secrurity aspect, with is the network which in turn reduces the risk dramatically. Ix is about the safest, most profitable venture anyone could be in at this very moment.
90% of alt-coins are going to eventually die, this is the fate. But iX is going to be alive as long as bitcoin stays alive. And that's years and decades from now.
So no matter how much you look at the current scenario, just know IX will still be very much alive (even if it stays current market price) 20 years from now.
Now we all know, IX will not remain under the radar for 5-10 years. Almost impossible, it's only a matter of time before it gets fucking consumed by giants of the markets, this goes for NMC too.
iX is never going to die. If it dies, bitcoin had already died too. There is an unlimited amount of time for IX to grow. I know i diverted from your theory a lot, but cheers Vlad
