Digest 25.12: the bitcoin in Russia and potential of Ethereum


While the West celebrates Christmas in Russia continue to talk about important, including what to do with bitcoin and how to use the blockchain. For example, Anton Siluanov, Minister of Finance, believes that the cryptocurrency is not for ordinary citizens and for professionals. He is sure that regular Internet users are much at risk in the hope of receiving profits on the rise of bitcoin, the cryptocurrency has shown how significant can be a correction. To protect ordinary users from the risks in the forthcoming bill deals with questions about purchasing, production and taxation of the cryptocurrency.

And while digital money is seen as something potentially dangerous against the blockchain in the Russian government have nothing. Rospatent, for example, is ready to interact with new technology. The Federal service for intellectual property already have a couple major projects, and the blockchain has been quite reliable, fast and effective basis for their implementation. Among the areas in which you plan to apply the technology — banking and transfer of intellectual property rights.

The head of the organization of small and medium business in the Russian Federation Alexander Kalinin expressed his opinion about crypto-platform in the Crimea. According to entrepreneur, the idea itself is not bad mining a profitable business. But the catch is that in Crimea there is no cheap electricity. Although, of course, talk about setting up a mining farm and the provision of public services based on blockchain technology — a great theme to attract investors. And RAKIB not yet abolished its promises about the establishment on the Peninsula almost high-tech crypto-Paradise. However, the question remains whether there is enough for the entire intended power capacity.

Israel, meanwhile, also tensed, looking at the volatility of bitcoin. Management of securities Israel plans to ban trade on the tel Aviv stock exchange companies that work with bitcoin and other digital currencies. Exclusion of companies from the stock exchange explains the desire to guarantee the safety of investors. Too much bitcoin and its alternatives are similar to bubble. Instead of all this "unreliable" Israel is considering the option of issuing its own "cryptocurrency" — a digital shekels.

Alternatives unstable bitcoin looking for not only governments, but also crypto-investors. However, they are not trying to return to "another form" of the same Bank money and considering altcoins. According to Oliver Isaacs, the most promising coin is Ethereum. The potential of the ETH at the convenience and security of the network, obtained thanks to the flexibility and smart contracts. The Ethereum, according to the expert, unlike bitcoin, has the potential to be applied in real life, that automatically increases the value of the cryptocurrency.
the authorship belongs to:Alain Filippenkov | 25 Dec 2017 21:05

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