Assange Thanks US Govt For His 50,000% Gain On Bitcoin As Russia Unveils 'CryptoRuble'

Tyler Durden's picture

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...

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.

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The Greek horse's picture

JULLIAN ASSANGE is the biggest HERO of the 21CENTURY!!

 

#FREE JULLIAN ASSANGE#

Anarchyteez's picture

Pardon the hero Assange DJT!!!!

And btw, anybody seen Seth Rich lately?

espirit's picture

If I come up with a CryptoRubble, will the Russians get me for patent infringement?

I see a market here for the taking at only 10%.

Bueller?

Boris?

IH8OBAMA's picture

Better start the CryptoDollar before the Fed goes for it and cuts you out.

 

loebster's picture

The US$, the world reserve currency, has become a HUGE problem. Hence new alternatives.

http://biblicisminstitute.wordpress.com/2015/08/14/when-money-is-the-pro...

Mementoil's picture

Assange is literally "the man in the high tower".

random999's picture

You only pardon a criminal. Assange is a hero, he cannot be pardoned, just a statue, nobel peace price and some medals and a high position within politics where he can crack down on criminal politicians.

chunga's picture

He'd be a better attorney general than sessions.

Conscious Reviver's picture

Barney Fife would be a better Attorney General than MIA Sessions.

Note - no offense to ZH poster Barney Fife. He'd probably be a better AG too.

chunga's picture

This is no secret. 

The buck stops with the dotard. I blame him.

runswithscissors's picture

In Russia...crypto-ruble spends you.

missilefish's picture

#TREYGOWDY would be a nice change 

Ajax-1's picture

If I were President Trump, I would offer Julian Assange a deal. Divulge your proof that that the Russians were not the source of the DNC server leak and I will offer you full immunity and pardon for any crimes that may or may not have been perpetrated against the USA. As a result, such proof would finally force the libtard media to finally STFU.

jeff montanye's picture

that the dnc would not let the fbi look at the violated servers is proof enough for any reasonable person.  assange will not reveal a source as such so that others will come forward.

assange offered a reward for info on the murderers.  he hasn't done that ever before or since.

the legacy media will never shut up except upon bankruptcy and liquidation, which is coming.

new game's picture

yeah, i spotted rich on a bitcoin...

tmosley's picture

Peanutz will claim that this proves that Wikileaks is a CIA limited hangout.

And continue to miss both the point, and the train.

Creepy_Azz_Crackaah's picture

Oh, crap. Now all of my bitcoin "wealth" is soon going down.  Selling all  bitcoin today before the BIG crash - gubmint induced or not. Like Assange, I won in the pretend money Ponzi scheme! Cashing out.

tmosley's picture

But you don't have any, and never did. You just have gold and silver which have gone nowhere.

Dead Canary's picture

Ok, is it just me or are cryptorubles the same as ordinary rubles?

phatfawzi's picture

YES, its worthless. Im sure Yellen is about to debut the crypto dollar. Which can't be mined and if you can't explain where yoiu got it from you go to jail. 

kochevnik's picture

Explain your monkey randomly banged fists on the keyboard.  That is more effort than making FED fiat

Gaius Frakkin' Baltar's picture

This will allow Russia to bypass the banking system entirely. Very clever.

TruthHammer's picture

@TMOSLEY

Told you Tommy-Boy.

All those crushing defeats already being actualized in the real world.

tmosley's picture

Huh?

Also, why do you think that I would ever care what a complete and total loser like you would have to say about anything?

Okienomics's picture

'Cause you took the bait.

tmosley's picture

I see, so doxxing me is now "bait". Noted.

Zero_Ledge's picture

If anyone deserves doxxing, it's a flaming racist asshole like you.  A real, grade-A chickenshit who needs his anonymous safe space of ZH for his racist garbage.

tmosley's picture

You are the best goy I ever laid eyes on.

Zero_Ledge's picture

not an argument, asswipe.

Gaius Frakkin' Baltar's picture

I wouldn't bet on that anytime soon.

They're not going give up their death grip on world currency transactions. A cryptodollar would allow USD to move around the world without restriction. Look at how many governments and people they freeze out of their system.

new game's picture

when the fuk is someone going to issue bitgold?

lol

tmosley's picture

Not quite. You can't deposit rubles in your pocket into a crypto exchange and trade for actual good cryptos.

This move removes the gatekeeper bottleneck. Makes it much easier to shift fiat into crypto.

phatfawzi's picture

the whole purpose of cryptos was to move away from centraly controlled fiat and the whole banking system. How does this address it. 

tmosley's picture

Read my comment again.

The current system has a major bottleneck to moving into crypto from fiat. If the fiat becomes exchangable for a government shitcoin backed by the fiat you hold, that makes entry into the ecosystem trivial.

It's the difference between escaping a sinking ship in the middle of the ocean, and escaping a sinking ship that is docked.

BaBaBouy's picture

Russia will tax The buy/sell profit of their Coinz at 13% ...

That means thell will record every transaction, which means they will know where your money came from and where it goes...

They can also stop it from going into other cryptos, so most af todays benefits are gone.

And their next logical step would be to do the same for Bitcoinz, along with the rest of the CB Bankster world...

Like FatCat Jimmy said, Jimmy likes/promotes paper Fiats not Bitcoinz...

 

evoila's picture

and now yo ucan see why Russia has been hoarding gold, and maintains little national debt., despite what you are lead to believe in the MSM

tmosley's picture

Nice handwaving. Try a little harder and you might be able to get off the ground.

Craven's picture

Hi. Too bad for the peanutz as you call them. But for those that hold PM and are moving to crypto. Do you see silver and gold moving up? Or will the manipulation always be in place? You stated you aren’t going to touch PM anymore. I understand. Will stackers move back to PM once they reached their gains in crypto? Or are PM a lost cause?

tmosley's picture

PMs are a dead duck until the dollar collapses, and even then, the convenience of electronic money will probably steal its thunder.

In addition, there are some earth-shaking market changes coming down the pike that will be very bearish for PMs (and commodities in general) should they materialize, ie cheap energy from thorium fission or fusion, AGI, and asteroid mining. All three could easily become a reality in the coming decade, and will almost certainly appear in the decade following. Don't want to be sitting on a safe full of silver when 1000 tonne slugs of the stuff start raining down in the high desert.

Craven's picture

Thanks for the quick reply. Do you see anything other than BTC? Such as Dash, LTC, BSD? What kind of world do you see materlizing in the future? Venezuela, Weimar or are we going to meet a whole bunch of people called Max? To me it’s been pretty insane. Over the last year my friend if he sold his cryptos would have doubled his stack he was working on for the last 10 years. That’s how fast he’s grown his wealth in fiat terms. He’s written off PM and he’s keeping all his PM but future investments are 100% BTC now on.

tmosley's picture

I like Dash, LTC, zCash, and IOTA. ETH would be a good play too, but I don't have much of it at the moment as I am waiting on the next BTC fork for more free coins.

Things are changing in the world, quickly and irreversably. Things that worked in centuries past aren't going to work any more, but at the same time, we have access to exponentially more oppurtunities than we ever have. Foolish not to take advantage of them.

Craven's picture

what would your 2020 halving price be?This year has been extraordinary. Or is this really just the start? My friend said if you have 1 that’ll be enough. Which is unreal to think 1 BTC can make a change in lifestyle. But with 21 million only it’s easy to come to that conclusion when the whole world has 1 crypto to choose from. Do you see every year going forward BTC forks? Thanks for your time.

tmosley's picture

>what would your 2020 halving price be?

Impossible to see that far into the future. We are entering the Singularity. There are a number of factors that can and will change everything in unpredictible ways, crypto being a big one.

Best case, we're around the middle of the run as far as price adjusted to log scale (good for another 2500x or so, assuming BTC takes over the function of both gold and broad money). Adoption is somewhere around 1% I think. 99% more to go. Big issues to overcome, and if they can't be overcome, Bitcoin may be more like gold is now than like money for use in everyday transactions. IOTA, with its lack of fees, would probably be a good contender for that purpose. There are probably others with fees low enough for some regular shopping, but I don't know of any that are low enough to be acceptable for buying a can of Coke or a pack of gum.

And yeah, there will be more forks for sure, but not all of them will be successful like BCH was.

unsafe-space-time's picture

Watch Star Trek much? The cheapest energy has been used up. As was the best brain power. Real genius cannot exist in a degenerate society. If there was any profit from other sources they would be exploited by now. 

Mango327's picture

I guess the 20th century had the best we got to offer. That's fucking depressing. <\s>

Mustafa Kemal's picture

" Real genius cannot exist in a degenerate society."

That makes some of us degenerate geniuses

Zero_Ledge's picture

jeebus christ, dipshit, everyone knows asteroids are made of cryptos, not PMs.

Soundgardener's picture

No one likes imminent vector-temporal alignment double-coincidence events between their home planet and Mega-Huge/-Fast MegaAsteroids; throw in an UltraMega AntiBioEvolutionary terminal phase change event, and you've got a recipe for an existential-doom induced bummer right there*.

But one thing you don't have to worry about, is appropriate music—one theme song for a civilization-terminating MegaAsteroid 'comming up', as Paul McCartney once sang (rather inappropriately for daytime terrestrial radio in the seventies, if you ask me. 'Soft rock'? Ha! About as soft as an asteroid impact. Anyway that's nihilism for you, right there; Paul McCartney & Wings, and not even the real Paul either! But I digress).

* Not applicable to buddhists, solipsists, and especially—not—nihilists; ain't nobody got no time for no nihilists...