Quote from: sana54210 on May 19, 2016, 07:41:59 PM

Quote from: classicsucks on May 19, 2016, 08:58:30 AM

Obviously China and Russia are interested in it

I'm sorry what? Where did you get this idea from?
As far as what I know, Russia has banned the use of bitcoin in their country. Or has this been lifted already?

The Russian Federation may have "banned bitcoin" (impossible) but despite this there is a pretty large Bitcoin scene in Russia. Just like in any other part of the world.

Just have a look at the Russian localbitcoins site: https://localbitcoins.com/country/RU

There are dozens of traders with 10000+ BTC trades. So, I think it's fair to say that the Bitcoin trade in Russia is booming.

Quote from: classicsucks on May 19, 2016, 08:58:30 AM

OK so bitcoin seems to be generating some buzz worldwide. Obviously China and Russia are interested in it, if only to arbitrage both sides of the market, and maybe destabilize the already-tenuous US dollar while they're at it. Silicon Valley is onboard 100%, but their entire crypto-utopian vision correlates identities and accounts with coin addresses... which is counter to the mainstream coiner who has a brain... which is why someone can pretend to be the inventor of bitcoin... The "fintech" morons are salivating to cut costs.

It's a global stage. The plot and characters have been expounded on. Now let's see what happens. Wall Street wants to leech onto the crypto scene, to do zero work but get paid. Mining is Chinese-controlled. The hardware manufacturers are all there. Abstract bitcoin derivatives with stupid profits is the end goal of Wall St. thugs. Everyone developing is expected to bow to the fiat/coin exchange rate like a god.

Bitcoin is the grand-daddy of a brand new asset class: Crypto Currencies. The vultures have been circling for a long time, just waiting for their pray to grow tired.... Now, these Vultures are ready to swoop down for the kill.

It happened with every other asset class in existence, why would it be different for crypto currencies

At least programmers are now able to bring innovation to this crippled world financial system and offer us all an alternative