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The following comments relate to this news article:

Russia bans Bitcoins

article published on 8 February, 2014

While you were probably distracted by the start of the Sochi Winter Olympics in the nation, the Russian Prosecutor General's office has quietly released a statement banning the Bitcoin digital currency in the nation. Reads the statement: "Bitcoin is a money substitute and cannot be used by citizens and legal entities." In their statement, the office cited a 2002 law by Russian President ... [ read the full article ]

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Posted Message
dEwMe
Senior Member
_ 		10. February 2014 @ 10:43 _ Link to this message    Send private message to this user   
Hehehe if I had any Bitcoins I'd be selling them now. I just see people waking up one morning soon and they will be worth nothing.
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Just my $0.02,

dEwMe
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GryphB
Member
_ 		10. February 2014 @ 20:18 _ Link to this message    Send private message to this user   
Meh. Glad I have nothing to do with this crap.
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KillerBug
AfterDawn Addict

1 product review
_ 		10. February 2014 @ 20:23 _ Link to this message    Send private message to this user   
Quote:
Russia has moved away from virtual/cryptocurrencies despite growing popularity, mainly because "its price is determined solely by speculative actions that entails a high risk of loss," and because its relative anonymity has led to more criminal use.
NO...Russia has BANNED the use of bitcoins because they cannot just print billions of them whenever they feel like it, and if there is a good alternative their fake money will be useless.
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iKronic
Newbie
_ 		15. February 2014 @ 08:09 _ Link to this message    Send private message to this user   
Originally posted by dEwMe:
 Hehehe if I had any Bitcoins I'd be selling them now. I just see people waking up one morning soon and they will be worth nothing.
Same here. Bitcoin skyrocketed in one week and dropped the next. Very unreliable "currency".

I would definitely stand behind Gold though :-)
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omendata
Member

1 product review
_ 		16. February 2014 @ 22:40 _ Link to this message    Send private message to this user   
I like the Russians they are not afraid to say what they think and dont fall for nonsense like Bitcoins - its been hacked 3 times so far last month and there are so many glaring holes in its security you must be mad to buy into this crap.

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