Russia’s Presidential Advisor Dismisses Bitcoin as “Fiction”
Known for his outspoken and firm stance against bitcoin and cryptocurrencies, German Klimenko, Russian President Putin’s newly appointed counselor and advisor on the internet has now called the cryptocurrency an Internet meme that went viral. He further dismissed the acceptance of the cryptocurrency in other parts of the world as “fiction”, claiming that the bitcoin is illegal everywhere in the world. The anti-Bitcoin stand taken by several Russian officials, most notably the Russian Finance Ministry has been reported several times in the past on CCN. A new ‘Bitcoin Ban’ bill is gearing to....
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As the world’s largest country is getting ready to introduce penalties for using Bitcoin, Russian presidential advisor, German Klimenko, has once again lashed out against cryptocurrency calling its legality in several countries “fiction.” Klimenko spoke to Russian News Service Rusnovosti in response to a question regarding Duma (Russia’s parliament)....
Klimenko went even one step further, and openly referred to the Bitcoin legislation in other countries as “figments of imagination”. In fact, according to him, Bitcoin is nothing more than an Internet joke, and even a virus that needs to be abolished sooner rather than later. Russian government officials want to exert complete control over the Internet in the country, Although that will be quite the challenge, there are plans in motion to make the usage of currencies not issued by the central bank punishable by law, and the Russian watchdog has blocked access to various Bitcoin sites in....
Russian president Vladimir Putin’s business advisor has said the country should “become the world leader in the Blockchain space.” Putin’s Advisor: ‘Time to Ban Bans’. Speaking to news resource Znak, Boris Titov, who also leads the rival, supposedly Kremlin-allied Party of Growth, advocated Bitcoin’s underlying blockchain technology as Russia’s gateway....
FairDebates.com, a project dedicated to changing the U. S. Presidential debates, is now accepting bitcoin as an option for contributing to the organization's efforts to force the Commission on Presidential Debates to include independent candidates. FairDebates.com has launched a petition and is allowing supporters to contribute using bitcoin. "With thousands of liberty-minded supporters, Fair Debates is a natural fit with bitcoin," said Ron Nielson, FairDebates.com senior advisor. "Over the past several months, increasing numbers of those supporters have expressed interest in contributing....
Mt. Gox exchange wallet may have mangled transactions. In a candid discussion on Reddit, Bitcoin Developer Gregory Maxwell has provided some insight into the technical difficulties being faced by Mt. Gox and dismisses rumours of insolvency. His musings point to practical obstacles posed by Mt. Gox's use of the Bitcoin protocol and their custom wallet implementation. Insolvency - "just hysteria". First of all, it is noteworthy that Maxwell dismisses allegations of Mt. Gox's imminent insolvency as "just hysteria". But then, what exactly are the supposed causes of the massive disruption....