Topic: Will Russia beat every country at creating their first national cryptocurrency? (Read 1866 times)

Yes, they're way ahead of every other country in crypto. I think they will beat everyone. I haven't heard anything from other countries, sooner or later they'll have to step up their game. I know it's centralized and what not but I doubt any country would make it decentralized, so, it might not do well in the long term.

correct me if i am wrong but India has already finished their national cryptocurrency crap and called it Lakshmi! so if i am correct the Russians will be second at best.

and this is just another dumb move in my opinion. i can see how adopting the blockchain technology can help the financial system and the banks for example since it increases the security and cost and has a lot of other benefits but to create a currency out of it and restrict it to one country! i can not see any point in that. we already have fiat for the centralized currency and then we have banks and banking system like credit cards, internet banking,... for digital version of it. we don't need crypto version of the  same centralized thing!

for hundreds/thousands of years, we all used horses.  Then the motor car came along:  game over for horses, for most use cases.
Nation states and their fiat/central bank/currencies have existed for hundreds/thousands of years.  Whilst these constructs were useful, we now have blockchain crypto.
If the state of Russia (and its accompanying ruble fiat) was such a compellingly useful thing, the rest of us humans have had ample decades/centuries to leave our lesser home states (U.S.A., Europe, etc.) and 'join' the Russian one.
I note most of Planet Earth's residents have not voted so with their feet.
Buy more coinz.

Not really hmmm

Because such national cryptocurrency ain't following how crypto should be

They created it because they wanted to control, Cryptocoins should be decentralized and not "own" and "control" by a party

no btc is propagated to be decentral and was at the beginning now its not decentral, it is actually controlled by the fraternized mining pools that are splitting it (bitcoin cash, bitcoin gold) furthermore it has a centre which is the media propaganda around it.

secondly its not russia that creates a cryptocurrency its, a small group of bankers that do that, and they say russia does that in the mass media, in order to basically force all others to accept the reality of them creating money out of thin air and living in financial freedom while the rest has to work for it. and provide the financial freedom for them and the ability to leveraged investments.

they will furthermore desire and realise a form of financial inquisition to get competitiors out of their sphere.

regards

It seems that Russia has already changed its mind about issuing its national crypto currency - the cryptoruble. Recently, the Expert Council under the Government of the Russian Federation decided that the national crypto currency can not be created in a single country. Therefore, the project with a regulated national crypto currency failed, not even starting to be realized.

It's Russia, they won't fail if they actually build another currency for the people in that area. Bitcoin will still be exchanged no matter how hard they try to get rid of it.

You just don't understand crypto or what was said.
Russia never supported decentralized crypto.. they support CENTRALIZED crypto.

They announced making their own coin that was not going to be able to be mined.
They said they would not allow coin mining.

I am not seeing any contradictions what so ever.
I see you all not able to understand what was said and failing miserably to see the context.
What that might be ?
Well for the love of fucking god how man fucking times do i have to repost it ?

Russia are communist that have an iron grip on their people.
Especially when it comes to the internet / communications.
What part of that are you guys not getting ?

What you heard they were going to officially support Free Market open source digital currencies that circumvents their monolithic amount of restrictive laws ?
Then you heard wrong investards.. it's Russia for crying out loud.  

Putin is no stalwart for freedom.
He is the leader of a communist regime that controls their people with force.

..i highly doubt this coin will be of any use to the investards. (and their desire for ROI's)

EDIT:
Putin if you are reading this ?
Don't take offense (i don't really think you would)
People i always sort of liked the guy but i can not morally support a lot of his policies in Russia.
I am not a communist supporter here in Canada.
But i have always sort of liked the guy.. there is just something about him that is likable.
At the end of the day though i support the freedom of the Russian people from communist oppression.

Well taxing their own crypto is going to be pretty easy, since the rules are going to be etched in stone within their protocol. Therefore, they have financial incentive to use this cryptocurrency since it makes tax collection way easier.

However, what advantages will this cryptorouble have? Even if they are the first to launch it, doesn't mean the idea is any good at all. It is not even decentralized, they are merely using blockchain tech to collect tax.

I dont know if rusia will beat every country
In crypto. But in this year some ICO like Cartaxi and Alto Car ,they are from rusia and the concept off this ICO are very briliant and unique. The concept are focus for service poeple so i guest the goverment in rusia will support this program.

Now many countries are starting to consider the issue of creating their own crypto currency. Perhaps, Russia will be the first who will be able to implement this in practice. The Crypto currency must go through this stage when some states try to issue a regulated centralized crypto currency. We have little experience in this regard and therefore it is necessary. As for the cryptoruble, it is unlikely that it will have demand in other countries, in its own it can even go compulsorily, since it will integrate a 13 percent tax on profits.

I think that Russia will still release its crypto ruble. But, these coins will be traded on specialized exchanges that will be built for the countries of the Briks and which will be controlled by the states.

if they indeed do so, they will surely be the first nation to scam honest people out of their hard earned money

"Belarus has recently created and launched a national crypto currency called" Taler. "The group of its founders, which includes Belarusian economists, IT specialists and journalists, emphasizes that thaler is not in any way called upon to compete with the country's national accounting unit, the Belarusian ruble." Here and so...

maybe yes and maybe no because i think every country have the same purpose when they decide to create the first national crypto currency and it makes them to do anything to make sure their plan to work properly. but i think that maybe russia have their chance to beat the other country because we know russia have new technology that allow them to do this. if this is happen, then i am sure that the other country will do the same and i think its only the people and the exchanges that will giving the result because without people and exchanges, the coins is useless.

Sounds very funny, some people want BTC to die then create the same technology.
only the greed they show. there is no other reason.
we can not blame them, I am sure they will fail.

That is why I don't really care what Russia is saying about crypto currency because they always change their statement the next day. They are looking like stupid everyday because they keep on contradicting themselves and they always like to portray themselves are crypto loving country but its the other way around. So take everything with a grain of salt. And remember what I say here. Maybe in the next couple of days there will be another statement coming from them. hahahha. But as far as cryptorubble is concern, I think it will really fail because their citizens whats crypto that is not centralized like bitcoin and ETH. And at the end of the day only the rich can afford their state sponsored coin.

If they are going to be banning other cryptocurrencies that the world recognizes in order to pave way for their own cryptocurrencies, then I honestly do not see how it would succeed as first country as very few people are aware of this technology...but with the likes of Japan doing everything right to create the perfect crypto environment, I would put my money on Japan to create the first national currency.

It will not be as big as the current cryptocurrencies that we have right now. If the Russians will create a cryptocurrency of their own, it will most probably be used by Russians alone. I mean Russians residing in Russia. That would limit the users and consequently its circulation to the Russians within Russia. The cryptocurrencies we have right now, most of them, can circulate around the world.

if its do happening rusia will be the pioneer for other counyry to do the same as they did. it will bring cryptocurrency to all of our daily live by truly accept it as a payment.