Quote from: Litoshi on October 04, 2014, 12:54:05 PM

Quote from: hobogo on October 04, 2014, 12:43:18 PM

Quote from: Litoshi on October 04, 2014, 11:07:39 AM

Quote from: 5000Bitcoins on October 04, 2014, 10:45:37 AM

Quote from: hobogo on October 04, 2014, 10:36:16 AM

Quote from: Passion_ltc on October 04, 2014, 10:25:37 AM

Quote from: hobogo on October 04, 2014, 10:21:20 AM

How will this affect Crypti? http://www.reddit.com/r/Bitcoin/comments/2i8qcd/russia_proposes_monetary_penalties_for_bitcoin/

Not at all.

Please explain?

Worst case scenario he gets fined $2500 or/he is forced to take down something that he cannot when the network has been decentralized

I think

RIGHT. The fines imposes by the Russian Federation for dealing in crypto coins are equivalent to traffic fines. Consider it the cost of dooing business.

It looks like they are trying to fight the phenomenon, and not to accumulate funds..
2500$ fine is for individuals, but it's a pretty big one for bitcoin promoting related activities. If they want to to be harsh they probably treat Crypti and its similars as legal entities.
lets say even 25,000$ is possible amount if if it's one time event. traffic fines for example are not one time event - if you keep braking the law you either keep getting the same fines, or getting bigger punishments.
I'm interested in the team response here. if they will make such laws (which seems they are eager to and the current direction) will you keep going (breaking those laws)?

In the US, proposed laws are really just meant as a fund raiser. Propose a law that further regulates air travel, and you will receive campaign contributions from lobbyists to make it go away.

This could be a russian version of the same thing.

It's not quite that simple. Russia has a strong stance on the use of other currencies within their country and obviously views Bitcoin as both a currency and a commodity. Because they have large holdings in gold as well, it makes the situation even more difficult as I believe they see Bitcoin as a threat to gold in the long term.