Nobody Understands Cryptocurrency, And That's Ok

[juan]

On Wed, 25 Oct 2017 13:44:51 +1100
Zenaan Harkness <zen at freedbms.net> wrote:


> http://russia-insider.com/en/putins-crypto-rules-unveiled-your-move-dc/ri21356
> Tom Luongo

> 
>    1. Miners will have to register with the state to pay taxes on
>       gains.
> 
>    2. Cryptocurrencies will be fit into the existing legal framework
>       of the Russian financial system
> 
>    3. ICOs – Initial Coin Offerings — will get rules handed down by
>       the Legislative branch and the Bank of Russia
> 
>    4. A sandbox environment will be established to test new
>       technologies with the Bank of Russia before being deployed.
> 
>    5. A framework will be put in place for a regional cross-border
>       payment system with the rest of the Eurasian Economic Union
>       (EAEU) Members — Kazakhstan, Armenia, Kyrgyzstan an Belarus.
> 
>   Okay, so what?  The big thing here is that Putin is acutely aware
>   of how cryptocurrencies and blockchain technology can springboard
>   Russia’s ability to more efficiently handle capital.  He rightly
>   sees the opportunity for the hundreds of billions that have flowed
>   into the crypto-space to find their way into Russia 



	why would any sane user of  crypto currencies subject himself
	to the rules of fascist russia? 

	the whole point of crypto currencies is to avoid financial
	fascism - why would people then go to highly fascist russia to
	be ass raped by putin? 


>   Yeah, monetary anarchists like me


	yeah sure, monetary 'anarchists' like mr luongo...