RT @fernandoulrich: “Russia plans to tackle US sanctions with Bitcoin investment”.
As I’ve argued before, it makes geopolitical sense.
Whether it will happen soon (or ever), one can’t predict. But it does make all the sense.
If a nation stockpiles gold, why not Bitcoin? https://t.co/YKD1fmwXJ8
in this story about how Russia may want to replace some of its dollar reserves with Bitcoin reserves, the most interesting bit to me was how Russia would have to acquire its Bitcoin. would this work? https://t.co/tMA4QzXGNUhttps://t.co/xxquXgVVHu
RT @Beautyon_: At last, the Russians have woken up to Bitcoin and are going to use it to protect themselves from foreign interference. Every country will do this eventually, and they will all accept BTC for the payment of taxes. This will make them more sovereign and safe. It's a no brainer. https://t.co/OoRGZFfDZh
"As you can see with Vladislav Ginko’s latest tweets, he presently cites the articles based on his own tweets as evidence of his claims ... The Telegraph even upgraded Ginko from an academic to a “Kremlin economist.”
Ginko also makes bizarre tweets like the following, where he claims convicted Ponzi scheme operator Bernie Madoff is the true Satoshi Nakamoto" pphttps://www.ccn.com/fake-news-why-russia-is-probably-not-planning-a-10-billion-bitcoin-buy/
They have had exchanges. BTC-e and Wex.
Maybe 10-15% of last year’s ICO scams were Russian too and used to pay for the troll farms. In other words, western suckers paid for the troll farms that spread discord in the west.
Lol what a coincidence, the exchanges that laundered all of the stolen MtGox coins! Gosh isn’t that funny? It’s almost as if cryptocurrency is almost completely dominated by organized crime and possibly foreign espionage operations with robust cyber warfare divisions.
How can you buy $10B bitcoin even OTC without ridiculously pumping the price and thus overpaying. Once you have this much bitcoin how can you actually use it to buy and pay for stuff. Or will it be a HODL.
Aulico4 - 5 years account age. 250 - 500 comment karma.4 weeks ago
It's obvious fake news, the main source is a tweet from 6 jan from twitter user @martik who calls himself Vladislav Ginko. This over 10 year old account started tweeting about cryptocurrencies only a few months ago , all earlier tweets are about teeth whitening.
The article has a half-reasonable answer to this
Russian oil and gas contracts are priced in USD
After the Skripal murders in Britain, economic sanctions were imposed on Russia. The sanctions restrict Russia's oil and gas trade, or maybe the sanctions prevent them spending their USD oil and gas revenues
From here everything becomes illogical ...
To circumvent the sanctions Russia will sell oil and gas for a currency other than USD
or maybe they want to convert their USD to Bitcoin
But they can't buy Bitcoin for USD
So the story invents a magic intermediate cryptocurrency
which can be used to buy Bitcoin - presumably on Binance
More holes than a sponge
The Russian Central Bank and Government might stop and ask why, with their huge oil and gas wealth, the Russian Ruble is unsuitable to use as a reserve currency
They can use gold instead. Or platinum, silver, stocks or anything else than crypto. Their intermediate currency could be banned, tracked, or any other sort of actions against it. Also most of exchanges would face some sort of regulations, so they face the same sanctions.
makes more sense than the Telegraph piece
It says Russia sold their US Treasury Bonds because of the sanctions and bought gold and a variety of other currencies - CNY and EUR especially, which is where their oil and gas customers are
And then some nonsense about Bitcoin, appears to have been added as a clickbait angle, or possibly to pump the Bitcoin price (as others are suggesting)
Chinese refused their currency to be linked to Russia’s petroleum. Europe is in the same ship as US. So they can’t avoid sanctions for now. Bitcoin is not an option at all. Maybe some privacy coin could. But since NSA stated last year that they can track at least 80% of Monero’s transactions it would be useless too.
It would be interesting to see how they will manage to go around the sanctions.
IMO, crypto is the best way to track money movements. So if they want to avoid sanctions, would need to find another way to get paid for LNG and petroleum. So basically this news don’t change anything.
This is just a pathetic intent of exchanges, banskters, 3 letters agencies to bring people into believing this shit, so they start moving the price up and then happily dump it again. Is just a game to fool noobs to jump into "trading" shit.