Once again the unintended consequences of government intervention are exposed...
In 2010 - following the release of sensitive government documents related to wars in Afghanistan and Iraq - John McCain and Joe Lieberman led a bipartisan attempt to cut off WikiLeaks funding by forcing 'traditional' payment systems to block them.
image courtesy of CoinTelegraph
7 years later and the price of Bitcoin has... risen...50,000%!
And Julian Assange chose yesterday to thank the US government and its corporatocracy for his forced investment...
My deepest thanks to the US government, Senator McCain and Senator Lieberman for pushing Visa, MasterCard, Payal, AmEx, Mooneybookers, et al, into erecting an illegal banking blockade against @WikiLeaks starting in 2010. It caused us to invest in Bitcoin -- with > 50000% return. pic.twitter.com/9i8D69yxLC
— Julian Assange ???? (@JulianAssange) October 14, 2017
As CoinTelegraph concludes, Wikileaks has been on the forefront of revealing government corruption, and Assange has lived as a fugitive in the Ecuadorian Embassy in London since 2012. With all the antigovernment rhetoric, it's no wonder Assange is not friendly with pro-government fiat currencies. Wikileaks and its founder represent the sort of non-governmental control that Bitcoin is founded upon.
And while governments around the world play 'pass the hot potato' with their regulatory crackdowns on cryptocurrencies, it appears - after denouncing Bitcoin earlier in the week - that Russia has accepted the inevitability of digital currencies... and created its own.
image courtesy of CoinTelegraph
As CoinTelegraph reports, Russian President Vladimir Putin has officially stated that Russia will issue its own 'CryptoRuble' at a closed door meeting in Moscow, according to local news sources.
The news broke through Minister of Communications Nikolay Nikiforov.
According to the official, the state issued cryptocurrency cannot be mined and will be issued and controlled and maintained only by the authorities.
The CryptoRubles can be exchanged for regular Rubles at any time, though if the holder is unable to explain where the CryptoRubles came from, a 13 percent tax will be levied.
The same tax will be applied to any earned difference between the price of the purchase of the token and the price of the sale. Nikiforov said:
"I confidently declare that we run CryptoRuble for one simple reason: if we do not, then after 2 months our neighbors in the EurAsEC will."
While the announcement means that Russia will enter the cryptocurrency world, it is in no way an affirmation or legalization of Bitcoin or any other decentralized cryptocurrency. On the contrary, Putin quite recently called for a complete ban on all cryptocurrencies within Russia. The statement from Putin seemed apparently to contradict the earlier comments from other ministers who seemed pro-crypto, but only with regulations, as well as Putin's recent meetings with Buterin and others.
Now, with the issuance of the CryptoRuble, the apparent contradiction has been made clear.
Excellent article. If Russia's doing it, can the US be far behind? or will they have to be dragged kicking and screaming into the cryptocurrency future? Upvoted.
source
This is highly dangerous for the freedom of the world. When governments issue their own currency,it wouldn't be any different from fiat with the exception of being fully traceable resulting in total elimination of financial privacy.
Governments will simply outlaw private currencies and make fully traceable FEDcoins. Without money, you can't do anything. With a push of a button governments will be able to steal everything you own. You wouldn't have to pay taxes; governments will simply confiscate whatever they want.
Its Good news for US .Keep going
A nice piece ....hats off to you.. following @zer0hedge
@zer0hedge I am confused about your disclaimer
https://steemit.com/parasites/@talltim/ttr-copy-pasting-leeches
It basically say I am reposting the best content from Zerohedge.com and I am not the writer of the article themselves.
He is not committing plagiarism.
Well written as always, keep the good work up! =)
Upvoted and followed!
Check out my review of the Divi Project here ->
https://steemit.com/ico/@andreashauser/ico-review-divi-ebay-on-the-blockchain-3-minute-read
Keep going USA!!!
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ATTENTION >>>>> This poster does not have permission from Zerohedge, or any of the authors of this content.
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