Tuesday, January 2, 2018

We covered this Vladimir

We covered this with the BofE. The crypto rubble with be an automated, anonymous escrow clearing system.  Think blockchain with delete.  Even if you cheat the system, your cheats will soon become visible and the exchanges dry up. Look at ripple contract system, without the new coin. Just substitute digital rouble.

The surge in Ethereum appears to have driven by headlines that continue to suggest Russia is exploring ways to create a “cryptorouble” that could help it circumvent western sanctions as the traditionally technophobic Kremlin gets swept up in the cryptocurrency craze.Moscow officials say that President Vladimir Putin has commissioned work on establishing a cryptocurrency, as state-run Russian institutions rush to embrace blockchain, the shared ledger technology on which bitcoin and other digital currencies are based.

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