Daily: Russia Coin?? / Stellar Lumens & IBM announcement
Russia is issuing its own centralized cryptocurrency "CryptoRuble
" - a currency where there is no mining and it is state controlled. Stellar Lumens is working with IBM for cross border-payments.
0:52 Market Recap
2:00 Byzantium Update Complete
3:13 Stellar Lumens & IBM
4:24 Russia Issuing ‘CryptoRuble’
7:34 Discussion: China and Bitcoin
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This is interesting news, even though it's basically still a fiat currency in crypto clothing. It does seem like just a matter of time now when at least one country will try to issue a "true" cryptocurrency to try and boost its economy and escape the dollar paradigm.
If elements within a government could truly rally it's people around such an idea, and incentivise them to maintain the cryptocurrency's infrastructure even under the face of attack it could well stand up to the inevitable efforts to destabilise it by the US dollar system. The ringleaders of such a plan could also still maintain a level of power by just being whales.
Could these be the coups, and the currency wars of the future?
That is amazing news Michael. But Crypto Ruble does not have the same qualities as Bitcoin... Thanks for the info Michael.
They want to ban bitcoin, and instead shoved something in return, so people were silent and not indignant.
nce post
thanks for sharing
good luck for you.
Thanks @zacly!
Well better a crypto raise between countries then a arms race.
I agree with you about the CyrpoRuble, we will just have to treat it no different than traditional fiat. It is still good news for crypto adaption and China will most likely follow suit. The people will just have to keep reinforcing the decentralized cryptos like BTC, ETH, LTC, and etc...
Excellent news as always!
I agree with you about RussCoin, I wouldn't like a government backed coin. I would definitely be worried about privacy. They may force us to use them though by making us pay our taxes in their cryptocoin.
It just fighting with corruption imitation before election 2018. Hard to believe that it will be implemented, only waste of state budget.
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