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Board Speculation
Re: Confirmed Bad News Sources Thread - No FUD, Just Facts!!!1
by
michaelGedi
on 18/01/2014, 22:12:37 UTC
As I promised, I've translated the most interesting parts of that Russian document.
... every blockchain transaction has to get Putin's [ECDSA] signature approval to go through in Russia. Bad day for bitcoin.

That's what I thought the first time I read it, but my Russian is only so-so.  Upon a re-read, I noticed that what you mentioned was just one of the proposals.  The Kremlin decided upon the tribute system to 1PutinCqxzqzMNSCLKRAC1S5H6tYrAdzsm, as it was a more "decentralized" solution that they thought better adhered to the spirit of bitcoin.

Still pretty bad news I think.  


Putin is clearly co-opting bitcoin in Russia  Wink
Also the address already has 1 mBTC sent to it which definitely makes it legitimate, this was the first ever russian bitcoin transaction since the real news from sources were announced.

Yes, and last I checked that transaction already had 11 confirmations.  At this rate, I bet this entire thread will be highly confirmed by tomorrow.  



I confirm this, that makes it at least 12