Although I have noticed that people here do not read other people's comments
Topic: Theories of why BTC is restricted in China and Russia - page 3. (Read 2103 times)
second try: read https://bitcointalksearch.org/topic/m.5615953
Although I have noticed that people here do not read other people's comments
Although I have noticed that people here do not read other people's comments
Oppressive, authoritarian governments like these thrive on control of the economy. Bitcoin gives control of the economy to the people.
Since Bitcoin's market cap is laughable at best, I don't think "commercial reasons" like circumventing capital controls and tax evasion can be a big issue so far.
There are other established and more reliable (institutionalized) methods to achieve that with far higher amounts of money.
Since everything concerning cryptocurrency development AFAIK came from the west (USA), eastern nations are naturally very wary about the true origins, concepts and goals these were intended to achieve.
The big unknown factor is what eastern intelligence knows about possible negative impacts of these new currency concepts, if that's a topic in their analysis at all in the 1st place.
The so-inclined populace just saw its potential benefits and happily adopted it like a brand new toy or an opportunity to make a quick buck. Only few tried to dig deeper into its origins and to date, we still don't know for sure who truly created it and absolutely have no clue why it was truly created except the "nice official story". Everything is speculation, for most typically ending in "believing" whatever suits their motives.
Since alot of details i.e. in Bitcoin point to surprising mismatches or downright contradiction with the proclaimed decentralized, anonymous currency philosophy, I see a good chance the western hemisphere central banks (or its tools like government agencies) were either involved - or if not are at least actively considering the potential of using it as a vehicle to aid their strategies.
The changes in lead development and the critizised Foundation's role point to some kind change in the course bitcoin was taking (although I lack in-depth knowledge to pinpoint anything particular).
It's more like what the macro picture looks like vs. that would be expected when considering the very original goals and principles.
On the other side, that would also match the US massive and unprecedented attempts to achieve total dominance over the internet data flows, backdoors and spyholes in every single commercial OS (desktop computers and mobile devices) and all communication elements. Creating crypto and breaking it was always and is their prime domain. Technically speaking, the US is at all-out war with the entire rest of internet participants.
In exactly the same timeframe, the IMF and Council of Foreign Relations documented whitepapers for a completely restructured, global currency. IMHO these puzzle pieces fit too well together and such drastically new concepts don't randomly pop up all at the same time.
Since the days of the US Dollar in its present form as a world reserve currency won't last forever (only the US military might and extremely aggressive interventionist foreign policy keeps it in its place), the battle for a successor (= global control & power) certainly will be a fierce one. A very fierce, dirty and deadly one I might add.
I fully understand that China/Russia won't quite embrace a new currency for which some western agency may have a masterkey or even a selective killswitch (no matter how remote the chances, the risk potential would be too high to ignore this scenario).
There are other established and more reliable (institutionalized) methods to achieve that with far higher amounts of money.
Since everything concerning cryptocurrency development AFAIK came from the west (USA), eastern nations are naturally very wary about the true origins, concepts and goals these were intended to achieve.
The big unknown factor is what eastern intelligence knows about possible negative impacts of these new currency concepts, if that's a topic in their analysis at all in the 1st place.
The so-inclined populace just saw its potential benefits and happily adopted it like a brand new toy or an opportunity to make a quick buck. Only few tried to dig deeper into its origins and to date, we still don't know for sure who truly created it and absolutely have no clue why it was truly created except the "nice official story". Everything is speculation, for most typically ending in "believing" whatever suits their motives.
Since alot of details i.e. in Bitcoin point to surprising mismatches or downright contradiction with the proclaimed decentralized, anonymous currency philosophy, I see a good chance the western hemisphere central banks (or its tools like government agencies) were either involved - or if not are at least actively considering the potential of using it as a vehicle to aid their strategies.
The changes in lead development and the critizised Foundation's role point to some kind change in the course bitcoin was taking (although I lack in-depth knowledge to pinpoint anything particular).
It's more like what the macro picture looks like vs. that would be expected when considering the very original goals and principles.
On the other side, that would also match the US massive and unprecedented attempts to achieve total dominance over the internet data flows, backdoors and spyholes in every single commercial OS (desktop computers and mobile devices) and all communication elements. Creating crypto and breaking it was always and is their prime domain. Technically speaking, the US is at all-out war with the entire rest of internet participants.
In exactly the same timeframe, the IMF and Council of Foreign Relations documented whitepapers for a completely restructured, global currency. IMHO these puzzle pieces fit too well together and such drastically new concepts don't randomly pop up all at the same time.
Since the days of the US Dollar in its present form as a world reserve currency won't last forever (only the US military might and extremely aggressive interventionist foreign policy keeps it in its place), the battle for a successor (= global control & power) certainly will be a fierce one. A very fierce, dirty and deadly one I might add.
I fully understand that China/Russia won't quite embrace a new currency for which some western agency may have a masterkey or even a selective killswitch (no matter how remote the chances, the risk potential would be too high to ignore this scenario).
China government want CNY to replace US$, so they don't want to use bitcoin.
God is on BITCOIN's side. God Bless Bitcoins!
According to official response from Department of Monetary Policy, Bitcoin isn't restricted in the Russian Federation.
https://bitcointalksearch.org/topic/m.5615953
Yes. The whole community knows the about Russia "banning" bitcoin.
This only means that a big part of the community suffers from lack of intelligence... Otherwise they would be smart enough to find some related information... Instead of repeating what somebody said in order to dump btc/usd rate.. 
Letter from CB says almost the same that central banks of Thailand, Germany, France, etc have recommended. No bans, no jails, no prosecutions. Surprise!
http://clip2net.com/s/6WAQWf
http://btcsec.com/cbr_about_bitcoin/
Use google translate if you wish.
https://bitcointalksearch.org/topic/m.5615953
Well, that would be a happy end for our community but I doubt Putin will except Bitcoin. It is illegal in Russia and seems to be illegal for a long time
Yes. The whole community knows the about Russia "banning" bitcoin.
Letter from CB says almost the same that central banks of Thailand, Germany, France, etc have recommended. No bans, no jails, no prosecutions. Surprise!
http://clip2net.com/s/6WAQWf
http://btcsec.com/cbr_about_bitcoin/
Use google translate if you wish.
They are planning to oust the USD as the reserve currency - and its replacement they are not planning on being BTC ?
Because both countries are afraid of what they do not understand.
Just want to get everyone's input and theories about the restrictiveness of BTC in China and Russia.
My guess after reading the article of Nakamoto really identity. Is the US Gov contracted and movers of BTC because of hoarding that Chinese and Russians have been doing by restricting currency outflow to the US and EU.
We all know that everything is made in China or oil/gas is from Russia. I hope BTC will change playing field because we are getting hit hard with trade imbalances.
My guess after reading the article of Nakamoto really identity. Is the US Gov contracted and movers of BTC because of hoarding that Chinese and Russians have been doing by restricting currency outflow to the US and EU.
We all know that everything is made in China or oil/gas is from Russia. I hope BTC will change playing field because we are getting hit hard with trade imbalances.
Jump to: