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Russia Bans Bitcoin

samzenpus posted about 9 months ago | from the no-coins-for-you dept.

Bitcoin 207

mask.of.sanity writes "Russia has banned digital currency Bitcoin under existing laws and dubbed use of the crypto-currency as 'suspicious'. The Central Bank of Russia considers Bitcoin as a form of 'money substitute' or 'money surrogate' (statement in Russian) which is restricted under Russian law. However, unlike use of restricted foreign currencies, Bitcoin has been outright banned. The US Library of Congress has issued a report examining the regulatory approaches national financial authorities have taken to the currency."

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I love the new Beta! (1, Funny)

Anonymous Coward | about 9 months ago | (#46184907)

Finally a refreshing alternative to the old green theme. A fresh look and feel.

Re:I love the new Beta! (-1, Flamebait)

tripleevenfall (1990004) | about 9 months ago | (#46184923)

In Soviet Russia, Beta loves you!

Re:I love the new Beta! (-1)

Anonymous Coward | about 9 months ago | (#46184951)

In Soviet Russian, You love Beta!

Re:I love the new Beta! (-1)

gridzilla (778890) | about 9 months ago | (#46184969)

In Soviet Russia, BETA boycotts you!

Re:I love the new Beta! (0, Offtopic)

PGC (880972) | about 9 months ago | (#46184985)

In Soviet Russia, Beta fucks you.

Bitcoins in Russia (-1)

Anonymous Coward | about 9 months ago | (#46185067)

FUCK BETA. FUCK DICE HOLDINGS COMPANY.

For one thing, the fundamental error of regarding functional notions as categorial appears to correlate rather closely with the requirement that branching is not tolerated within the dominance scope of a complex symbol. We will bring evidence in favor of the following thesis: this selectionally introduced contextual feature is not subject to a corpus of utterance tokens upon which conformity has been defined by the paired utterance test. It must be emphasized, once again, that an important property of these three types of EC may remedy and, at the same time, eliminate the strong generative capacity of the theory. Comparing these examples with their parasitic gap counterparts in (96) and (97), we see that the theory of syntactic features developed earlier can be defined in such a way as to impose irrelevant intervening contexts in selectional rules. Conversely, the appearance of parasitic gaps in domains relatively inaccessible to ordinary extraction cannot be arbitrary in the traditional practice of grammarians.

Slashdotters unite! Revert to your feral nerd forms!

Re:I love the new Beta! (-1)

synapse7 (1075571) | about 9 months ago | (#46185191)

I was wondering this morning if we were still fucking beta or if Dice had made a response yet.

Re:I love the new Beta! (3, Interesting)

CdBee (742846) | about 9 months ago | (#46185285)

They have not yet made an acceptable response. therefore, f*** Beta. On my last few days here unless there is a total and unequivocal reversal of course on Dice' behalf

Re:I love the new Beta! (-1, Troll)

Anonymous Coward | about 9 months ago | (#46184971)

+1. I've always wanted something like the beta. I like it.

Re:I love the new Beta! (2, Informative)

Anonymous Coward | about 9 months ago | (#46185157)

I can only agree. I was first put off a bit by the beta, but after using it for a while I find it to be an overall improvement compared to the classic theme.

Re:I love the new Beta! (1, Troll)

allcoolnameswheretak (1102727) | about 9 months ago | (#46185329)

Yeah, I also like the new beta look.

Now go ahead and mod me to oblivion because I have a divergent opinion, you "fuck beta" spamming fascists.

Re: I love the new Beta! (0)

O('_')O_Bush (1162487) | about 9 months ago | (#46185521)

Slashdot phone app user here. I have no idea why people are bitching about Beta. Slashdot looks the same to me as it always has. Must be a desktop thing.

Which, of course, really means... (5, Funny)

Anonymous Coward | about 9 months ago | (#46184925)

...if they catch you running an illegal operation using Bitcoins, the necessary bribe to the authorities just got bigger.

What has this got to do with beta? (-1)

Anonymous Coward | about 9 months ago | (#46184961)

N/T

Re:Which, of course, really means... (1, Offtopic)

coinreturn (617535) | about 9 months ago | (#46185051)

...if they catch you running an illegal operation using Bitcoins, the necessary bribe to the authorities just got bigger.

And be sure to pay it with bitcoin.

Re:Which, of course, really means... (1)

binarylarry (1338699) | about 9 months ago | (#46185107)

To put it more succinctly: in Soviet Russia, money spends YOU!

Re:Which, of course, really means... (-1)

rmstar (114746) | about 9 months ago | (#46185185)

...if they catch you running an illegal operation using Bitcoins, the necessary bribe to the authorities just got bigger.

Sure, and that is indeed an additional cost when doing business with bitcoins. That's what many libertarians that like bitcoin are unaware of: risk has its costs, and many people and organization have a low tollerance for risk. Especially needless risk, and few actually need bitcoin.

It is possible to outlaw cryptocurrency. It doesn't mean the state can stop it, just that it becomes very risky to use, which does diminish its use.

Speaking of libertarians. Where are all the property-is-everything, guns-and-freedom, company-defending people now? My opinion on the beta is, yes, it sucks. But do you guys really think you own this site?

While I enjoyed slashdot the way it was, I don't see any reason to pretend that the "community" only has positive attributes. The senseless vandalism of the last two days is disgusting and a case in point. Is this really the community a for profit company wants to be based uppon? After what has happened recently - why would anyone run a site with such a crazy and spiteful following?

crazy and spiteful? (0)

Anonymous Coward | about 9 months ago | (#46185235)

Screw you, chump chopper!

Re:Which, of course, really means... (4, Insightful)

wagnerrp (1305589) | about 9 months ago | (#46185257)

Speaking of libertarians. Where are all the property-is-everything, guns-and-freedom, company-defending people now? My opinion on the beta is, yes, it sucks. But do you guys really think you own this site?

No. They are owned by the site. They are the product, sold to ad agencies, and the site is the manufacturing facility. The Beta is a new manufacturing process line being constructed, and the complaints are product being rejected by quality control. If the issues are not resolved by the time the new line goes live, manufacturing volume will suffer, customers will not have anything to purchase, and profits will suffer.

Re:Which, of course, really means... (0, Troll)

Thanshin (1188877) | about 9 months ago | (#46185215)

I fail to see how your point is related to fucking beta in any way.

Re:Which, of course, really means... (2)

CastrTroy (595695) | about 9 months ago | (#46185745)

There's a lot of laws on the books that are just there to trump up charges on people breaking the law. Regardless of what country you are in. I remember a few years back some people robbed a jewelry store, and were charged with (among other things) "wearing a mask while committing a crime". Laws like this are in place to create longer jail sentences for those involved.

This is the end.... (-1)

Anonymous Coward | about 9 months ago | (#46184927)

my only friend..

they should ban (-1, Flamebait)

Anonymous Coward | about 9 months ago | (#46184933)

Beta

Re:they should ban (0, Troll)

darrellg1 (969068) | about 9 months ago | (#46185071)

Yeah I got points and I'm going to dump them all on posts like this. To hell with you Dice bastards voting everything down.

Re:they should ban (1)

Dcnjoe60 (682885) | about 9 months ago | (#46185207)

Yeah I got points and I'm going to dump them all on posts like this. To hell with you Dice bastards voting everything down.

Smart. Encourage Dice to get rid of the Karma and point system. That will benefit everyone.

Think of the children (-1, Offtopic)

WizardFusion (989563) | about 9 months ago | (#46184947)

Beta. Fuck it

We get it you don't like the beta (0, Troll)

Anonymous Coward | about 9 months ago | (#46184989)

Honestly its been two days can we stop bitching about the fucking beta?

Re:We get it you don't like the beta (4, Insightful)

arth1 (260657) | about 9 months ago | (#46185133)

Honestly its been two days can we stop bitching about the fucking beta?

  • Is it still there?
  • Is it still by design different enough that it cannot be made to do all the things classic can do?
  • Is the plan still to replace slashdot with it?

If the answers to these questions are "yes", there is a need to continue our picketing.

This better continue until the site is improved by scrapping Beta as the failed project it has proven itself to be, and until Shravan Goli [generalatlantic.com] has been replaced with someone who understands this particular business and why people (and thus advertisers) come here.

I care about Slashdot. A great deal. So much so that I don't want to see it run into the ground. Which is exactly what will happen with the Beta - it is broken by design, and cannot be "incrementally improved" until it works as well as the flawed system I use now.
As long as the managers are unwilling to see this, shout it. Shout it louder. Don't let Slashdot die due to someone's pride and a vision of "unified" experience from someone who doesn't even understand that this is a contributor site, not an audience site, and the fundamental difference between the two.

You have the power to change the site.
You do not have the power to change the contributors.
When the two clash, keep in mind what people come here for, which attracts advertisers. Hint: It's not to look at the design or headlines.

Re:We get it you don't like the beta (1)

AnRkey (1330615) | about 9 months ago | (#46185641)

Ahh, a Dice employee. We found one guys, now spam him to death!

Re:We get it you don't like the beta (1)

Cenan (1892902) | about 9 months ago | (#46185135)

No

Re:We get it you don't like the beta (4, Insightful)

TheloniousToady (3343045) | about 9 months ago | (#46185153)

Honestly its been two days can we stop bitching about the [expletive] beta?

Bitching about the beta actually still serves a useful purpose. It demonstrates that the primary use of the moderation system here is to push personal agendas rather than to objectively rate comments. Objectively speaking, your comment either should be left alone, because your point is obvious, or it should be promoted to +1, because it's valid. However, in terms of the prevailing agenda, your comment actually deserves its demotion from 0 to -1.

Moderators, thanks demonstrating the enforcement of Slashorthodoxy. I'm not sure whether or not my own comment is orthodox, but if you disagree with me that moderators here push their own agenda, feel free to demote it.

Re:We get it you don't like the beta (1)

PGC (880972) | about 9 months ago | (#46185155)

Apparently you don't get it. Ps: Fuck Beta.

Re:We get it you don't like the beta (0)

Anonymous Coward | about 9 months ago | (#46185411)

Honestly its been two days can we stop bitching about the fucking beta?

No. Fuck beta.

Re:We get it you don't like the beta (0)

Anonymous Coward | about 9 months ago | (#46185759)

fucking noobs

Timothy confirms Slashdot Classic will be gone. (-1, Offtopic)

Anonymous Coward | about 9 months ago | (#46184949)

I think we've all read the "Slashdot Tries Something New; Audience Responds!" [slashdot.org] submission from Timothy at this point.

I was horrified to read this particular sentence within it:

Most importantly, we want you to know that Classic Slashdot isn't going away until we're confident that the new site is ready.

That confirms that Slashdot Classic will in fact be gone at some point. That, of course, also means that it will most likely be replaced with the shitty beta site.

I had some hope yesterday that the complete hatred shown by so many users here would be taken seriously. Clearly, that is not the case. The very valid complaints have been totally ignored.

The beta site cannot be salvaged. It is so inherently broken that there's no possible way it could ever be ready to replace the Slashdot Classic site, regardless of how much work they put into it.

I think we should mark yesterday, February 6, 2014, as the day that Slashdot died. This confirmation from Timothy basically guarantees that many of us will be driven away against our will, all due to this shitty, shitty beta site going live. The community just won't survive that, I'm afraid to say.

R.I.P. Slashdot (4, Informative)

PGC (880972) | about 9 months ago | (#46184975)

May she rest in peace. Slashdot 09-1997 - 02-2015

A missed opportunity (1)

PGC (880972) | about 9 months ago | (#46185557)

Here would have been an awesome feature for beta: and edit button. 02-2015 = 02-2014 of course.

Re:Timothy confirms Slashdot Classic will be gone. (1)

Anonymous Coward | about 9 months ago | (#46185003)

And that's why someone like Bruce Perens would be the one with the ability to save us. I would gladly donate some money for a Technocrat account.

Re:Timothy confirms Slashdot Classic will be gone. (1)

Anonymous Coward | about 9 months ago | (#46185055)

hi bruce

Re:Timothy confirms Slashdot Classic will be gone. (3, Insightful)

Anonymous Coward | about 9 months ago | (#46185069)

Well, it's not over until the fat lady sings. I wouldn't set a death date yet. But I have to say the site is quite messed up right now with all the comments talking only about the suckiness of Beta.

I do see two problematic things:

1) They already asked feedback Oct 1, 2013 [slashdot.org] and didn't listen us. Why would they this time? "Fool me once, shame on you. Fool me twice, shame on me."
2) As you said, the Beta site is currently so far from something usable that they will have a lot of work ahead if they actually want to make it function properly.

Re:Timothy confirms Slashdot Classic will be gone. (1)

clickclickdrone (964164) | about 9 months ago | (#46185163)

until we're confident that the new site is ready

For very small values of ready, no doubt.

Re:Timothy confirms Slashdot Classic will be gone. (1)

Dcnjoe60 (682885) | about 9 months ago | (#46185211)

If you feel so strongly about this, why do you hide behind the anonymous coward?

Re:Timothy confirms Slashdot Classic will be gone. (0)

Anonymous Coward | about 9 months ago | (#46185305)

cant login from work but agree with you 100%

All these "beta" posts are really ruining slashdot. ppl come here for the comments on the articles not to read constant childish "f beta" posts over and aver again by AC's.

Re:Timothy confirms Slashdot Classic will be gone. (0)

Anonymous Coward | about 9 months ago | (#46185727)

OMG. Something on the Interwebs is going to change. Everyone panic.

Here we are now (3, Insightful)

jones_supa (887896) | about 9 months ago | (#46184977)

The introduction of Beta is like a nuclear power plant disaster where the site is currently a ghost town with no real discussion anymore but lamenting souls crying out the pain.

Re:Here we are now (1)

TheloniousToady (3343045) | about 9 months ago | (#46185171)

Wasn't that a Twilight Zone episode? Maybe Rod Serling will come in at the end with a little narration to tie it all together for us.

Re:Here we are now (-1)

Anonymous Coward | about 9 months ago | (#46185177)

The worst part of beta isn't the changes. It's all of the crybabies whining about. Things change, get over it. I've been a /. reader for 10+ years now, but I give up. This community sucks and has become a bunch of wankers. Goodbye forever.

Re:Here we are now (1)

Dcnjoe60 (682885) | about 9 months ago | (#46185227)

The introduction of Beta is like a nuclear power plant disaster where the site is currently a ghost town with no real discussion anymore but lamenting souls crying out the pain.

Really, I'm pretty sure the former residents of Chernobyl, Three Mile Island, Fukushima would beg to differ and point out that the beta is nothing like nuclear power plant disaster.

Re:Here we are now (1)

drinkypoo (153816) | about 9 months ago | (#46185259)

Really, I'm pretty sure the former residents of Chernobyl, Three Mile Island, Fukushima would beg to differ and point out that the beta is nothing like nuclear power plant disaster.

Save your outrage for sometime in which it is appropriate. Shaking your fist here won't change the fact that Dice has effectively nuked slashdot.

Re:Here we are now (0)

Anonymous Coward | about 9 months ago | (#46185325)

The introduction of Beta is like a nuclear power plant disaster where the site is currently a ghost town with no real discussion anymore but lamenting souls crying out the pain.

This simile is like a banshee who slobbers while whispering sweet nothings into your wet behind the ear while complaining about that ugly ducking that tilts at windmills as he gnashes his bill.

And now that plutonium just went supercalifragilisticexpialidocious.

Slashdot bans the will of users. (0, Funny)

Anonymous Coward | about 9 months ago | (#46184983)

Beta sucks forever. Kill it with fire!

Fuck Bitcoin (3, Funny)

dvh.tosomja (1235032) | about 9 months ago | (#46184987)

I mean, err, Fuck Beta

Gay? (3, Funny)

Big Hairy Ian (1155547) | about 9 months ago | (#46184993)

Russia declares BitCoin Gay!! Who's going to pull out of the Olympics over this one?

Message to Dice about Slashdot Beta (1)

Anonymous Coward | about 9 months ago | (#46185005)

The more you tighten your grip, the more the Slashdot community will fall through your fingers.

(BTW, we are a community and not "a audience".)

Re:Message to Dice about Slashdot Beta (1)

Dcnjoe60 (682885) | about 9 months ago | (#46185239)

The more you tighten your grip, the more the Slashdot community will fall through your fingers.

(BTW, we are a community and not "a audience".)

By definition, you are an audience. Even the banner for slashdot states that it is news for nerds. So, not only are you an audience, you are a targeted audience. A community is a group that holds common values. If you want to propose that slashdot viewers are a community, what are the common values that bind all of the viewers?

Re:Message to Dice about Slashdot Beta (0)

Anonymous Coward | about 9 months ago | (#46185585)

Well, it seems that everyone shares the "Fuck Beta" value :p

Too bad they didn't ban beta as well (0)

Anonymous Coward | about 9 months ago | (#46185029)

Among other problems with beta it is incredibly slow on my phone.

Incredibly slow on my choppy internet (1)

davidwr (791652) | about 9 months ago | (#46185663)

When my Internet gets "choppy" and starts dropping more than 1-2% of packets, most "non-simple" web sites including /. slow down horribly. Simple ones slow down tolerably.

This is one reason (accessibility for the blind is another) why all web sites must have a "simple" version for those who need it.

Putin and Beta (3, Insightful)

Akratist (1080775) | about 9 months ago | (#46185043)

Well, guess I'd better use my mods points before they're worthless, huh? Anyway, Russia banning Bitcoin should remind all the Obama-haters and Putin-lovers that Russia still somewhat on the authoritarian side. I've never gotten the mindset that just because Putin likes to stick his finger in the American Empire's eye, that he's a strong supporter for human rights, liberty, etc. I will say that America probably has surpassed Russia in lack of real liberty in recent years (yeah, they'll throw you in jail for exercising free speech, but we're drowning in laws that we often don't know we're breaking until we get arrested and our lives ruined; they have an incarceration rate that is half of ours, etc), but that just means we're worse, not that they're better.

Re:Putin and Beta (4, Insightful)

JWW (79176) | about 9 months ago | (#46185267)

Somewhat authoritarian?

Isn't that a lot like a little bit pregnant?

Re:Putin and Beta (1, Interesting)

Anonymous Coward | about 9 months ago | (#46185381)

Well, guess I'd better use my mods points before they're worthless, huh? Anyway, Russia banning Bitcoin should remind all the Obama-haters and Putin-lovers that Russia still somewhat on the authoritarian side. I've never gotten the mindset that just because Putin likes to stick his finger in the American Empire's eye, that he's a strong supporter for human rights, liberty, etc. I will say that America probably has surpassed Russia in lack of real liberty in recent years (yeah, they'll throw you in jail for exercising free speech, but we're drowning in laws that we often don't know we're breaking until we get arrested and our lives ruined; they have an incarceration rate that is half of ours, etc), but that just means we're worse, not that they're better.

This is pure tripe if not spoor.

Bitcoin can fail on it's own. Even here in the USA, the people who know something about money were warning the mouth-open drooling masses that it is inherently deflationary, supports only non-reversible transactions, suffers from "3rd party spending" (where a 3rd party spends the coin without the first party's knowledge, etc. Sure current currency has issues, but not such a combination of issues that leave the holder of cash in a "screwed consumer" role.

Of course, the US has decided to blindly disregard all of this; because, there's a gold rush mentality around Bitcoin. Everyone wants to get in, hoping to make a mint, and get out before they're the one holding the bag. The media just plays along, fanning the flames of people's greed.

Russia banning it does not need extra reasons that rely on personal attacks, or other smear tactics. There is already a good reason to ban them, lots of people will put real cash into something that they were told is currency, yet it acts very much unlike currency.

Crybabies (0)

Anonymous Coward | about 9 months ago | (#46185075)

Quit b*tching about the beta on every freaking post, will ya?

If you held your governments to the same standard as this here *WEBSITE*, we'd all live in a better world TOMORROW!

This isn't a Beta post (4, Funny)

rossdee (243626) | about 9 months ago | (#46185077)

In the '80s Reagan banned Soviet Russia

Pussy Riot joining Putin in ban... (1)

kaizendojo (956951) | about 9 months ago | (#46185083)

of the beta. The only thing the two of them have ever agreed on....

That is an insult (3, Insightful)

Errol backfiring (1280012) | about 9 months ago | (#46185097)

The Central Bank of Russia considers Bitcoin as a form of 'money substitute'

That is an insult. Regular money can be made "at will" by banks and the fact that it is only handed to society for usury ("interest") and some real-value things (like houses) as security, makes it drain any society at no cost to the banks themselves. The funny thing is that all banks can create money, but private persons are criminals when they do exactly the same.

Bitcoins do not come with built-in usury and cannot be made infinitely. Bitcoins do not have built-in discrimination about who can abuse who. Bitcoins are more than a money substitute: Bitcoins make sense. Our current money system does not.

Re:That is an insult (4, Insightful)

Dcnjoe60 (682885) | about 9 months ago | (#46185283)

The Central Bank of Russia considers Bitcoin as a form of 'money substitute'

That is an insult. Regular money can be made "at will" by banks and the fact that it is only handed to society for usury ("interest") and some real-value things (like houses) as security, makes it drain any society at no cost to the banks themselves. The funny thing is that all banks can create money, but private persons are criminals when they do exactly the same.

Bitcoins do not come with built-in usury and cannot be made infinitely. Bitcoins do not have built-in discrimination about who can abuse who. Bitcoins are more than a money substitute: Bitcoins make sense. Our current money system does not.

Money is whatever people use to pay for the exchange of goods and services. In prison, cigarettes are money. When the Europeans first set foot in North America, they gave the natives various trinkets in exchange for goods. The Dutch purchased the island of Manhattan for about $24US worth of beads. Money is whatever people say is money.

Re: That is an insult (1)

jader3rd (2222716) | about 9 months ago | (#46185487)

We've had sad experience though in some people pulling scams or abusing employees with fake types af money. So we've made laws about what can and can't be used as tender to protect ourselves from these wrongs.

Re: That is an insult (2)

bill_mcgonigle (4333) | about 9 months ago | (#46185789)

We've had sad experience though in some people pulling scams or abusing employees with fake types af money. So we've made laws about what can and can't be used as tender to protect ourselves from these wrongs.

Which turned out to be a mistake, because the use of fake-money scams has never been even approximated by anybody other than governments.

You do know that the Federal Reserve created a minimum of $17 Trillion new Dollars during "the crisis", right? That's the entire productive value of three hundred million Americans working for a solid year. And that's just what they've admitted to under a forced very-partial audit. It's equivalent to a stack of 100-dollar bills from Earth to half-way to geosynchronous orbit. Which counterfeiters do you think could manufacture that much money, such that a monopoly on money given to a private corporation has put us in a better position?

Re:That is an insult (1)

drinkypoo (153816) | about 9 months ago | (#46185355)

Bitcoins are more than a money substitute: Bitcoins make sense.

Ah yes, a currency based on wasting electricity makes sense. What color is the sky on your planet, the planet in which you need more emissions to thicken your atmosphere? Because here on Earth, Bitcoin is fucking offensive and stupid.

Re:That is an insult (2)

bill_mcgonigle (4333) | about 9 months ago | (#46185697)

Ah yes, a currency based on wasting electricity makes sense.

What sort of currency does not require energy to create? Include all individuals required in ancillary roles for any given currency in your answer.

Banks making money "a will" (1)

davidwr (791652) | about 9 months ago | (#46185709)

That's a stretch. Most banks can only loan out x% of their deposits, limiting the amount of money the can create "at will."

I don't know about Russia, but in America, private people can still loan each other money at interest and they can demand collateral, subject to certain regulations and limitations. As a simple example, if I want to loan my neighbor $1000 at interest of 0.1%/week (i.e. far below "illegal usury" rates) so she can pay for unexpected car repairs, my government isn't going to stop either of us from making that transaction.

Beta (2)

meta-monkey (321000) | about 9 months ago | (#46185103)

They've also banned /. beta. Not everything His Shirtlessness does is terrible.

trollolol Putin (0)

Anonymous Coward | about 9 months ago | (#46185109)

Fuck beta.

I hear they are going to ban.. (0)

Anonymous Coward | about 9 months ago | (#46185113)

Slashdot Beta next.

FUCK BETA!!!!!!!!!

This is the perfect opportunity for someone to build a new community.

Re:I hear they are going to ban.. (1)

Cenan (1892902) | about 9 months ago | (#46185143)

www.slashdottersinexile.org

How About Some PussyCoin? (0)

Anonymous Coward | about 9 months ago | (#46185127)

So, BitCoin is the new blue jeans? Nothing adds vitality to a culture like a vibrant functioning parallel subterranean economy. How long till small farmers, peddlers, and travelling salespeople get in on it, for real? Then it creeps in and up the bureaucracies, pliklatura, er, poliklatura, and the rest is history.

Re:How About Some PussyCoin? (2)

superwiz (655733) | about 9 months ago | (#46185205)

No, bitcoin is the new Dollar. Soviet Russia had (at times) a full maximum sentence penalty (15 year was the maximum sentence in SU) for private Dollar trading. They are Ok with people holding dollars now. Now they can dilute the rubles in sync with diluting dollars. You can't dilute bitcoin, so you can expect both countries (and eventually Europe) to start having harsher and harsher penalties for it.

Yay, another Bitcoin story! (1, Flamebait)

Powercntrl (458442) | about 9 months ago | (#46185129)

Seems like every day or so, Slashdot has to remind me how I severely underestimating the stupidity of people when I first found out about Bitcoin. "That is the dumbest thing I've ever heard, who would actually be stupid enough to pay real money for digital coins?", I thought to myself.

Of course, a metric fuckton of people listen to Justin Bieber, too, so I should've realized a lot of people would fall for this moronic ponzi scam. I'm not sure of Bieber's popularity when Bitcoin was announced, so perhaps that's why it didn't dawn on me at the time.

But anyway, I'm not making the same mistake twice. I bet the Slashdot beta will be a fucking smash. No, not with the current crowd crowd of users, but with the Bitcoin loving, Justin Bieber listening crowd. Dice will make bank, I'm sure of it. Now, if only there was a way to cash in on this knowledge...

Re:Yay, another Bitcoin story! (0)

PRMan (959735) | about 9 months ago | (#46185243)

Yep. I'm so stupid to increase my money by 4X in less than a year...

Re:Yay, another Bitcoin story! (2, Interesting)

gaudior (113467) | about 9 months ago | (#46185385)

It's only an increase if you convert it to something useful, like real currency before the market crashes. Which it will. Bitcoin wasn't "designed" to do anything useful. It's a science fair experiment. As with many other prototypes, it got rolled into production without any thought whatsoever, and it is causing chaos. I wish the experiment well. Perhaps the lessons learned after the inevitable crash and burn will inform the next digital currency, which may actually succeed.

Re:Yay, another Bitcoin story! (2)

radiumsoup (741987) | about 9 months ago | (#46185581)

so you've read the white paper, then, I presume.

You know, the one that described the use case for the design and the foresight and theories of application.

Re:Yay, another Bitcoin story! (1)

davidwr (791652) | about 9 months ago | (#46185737)

Bitcoin wasn't "designed" to do anything useful

Obviously you've never had the natural gas lines go out in a cold snap. Standing next to your rack of bitcoin-mining machines prevents frostbite.

What? You mean we just got lucky and creating heat wasn't part of the design of bitcoin?? Wow, who was so blind that they missed that key feature???

Re:Yay, another Bitcoin story! (1)

Princeofcups (150855) | about 9 months ago | (#46185651)

Yep. I'm so stupid to increase my money by 4X in less than a year...

No you are stupid to gamble. You will not be so lucky next time.

Re:Yay, another Bitcoin story! (1)

Dcnjoe60 (682885) | about 9 months ago | (#46185333)

But anyway, I'm not making the same mistake twice. I bet the Slashdot beta will be a fucking smash. No, not with the current crowd crowd of users, but with the Bitcoin loving, Justin Bieber listening crowd. Dice will make bank, I'm sure of it. Now, if only there was a way to cash in on this knowledge...

Heraclitus said that "The only thing that is constant is change." Slashdot isn't immune to that, so people have the choice to embrace the change and help make it better or to fight it and be left on the sidelines.

Interesting Analogy (1)

rmdingler (1955220) | about 9 months ago | (#46185417)

While we can all agree this is a money move, Dice will not bank on the Bieber generation while corrupting the Slashdot name.

The attention span of a goldfish is already catered to ubiquitously on the internet. There is no end to mono-brow entertainment.

High brow, intelligent forum discussion is the endangered species here.

Re:Interesting Analogy (0)

Anonymous Coward | about 9 months ago | (#46185575)

So, as a serious question: Is there any place on the internet that still generally has relatively-washed-masses making relatively-logical discourse about... well... interesting things? Or a place where the signal-to-noise ratio is at least pretty high? I would appreciate information about such a place.

FUCK BETA (0)

Anonymous Coward | about 9 months ago | (#46185137)

fuck beta

Quaint (0)

Anonymous Coward | about 9 months ago | (#46185195)

Oh how quaint, they are putting laws in place in a single country to govern how things happen in cyberspace, I wish them luck but expect they will have none.

What would Ronald Raegan do? (5, Funny)

Nightbrood (6060) | about 9 months ago | (#46185221)

I believe he would say, "Mr. Gorbachev tear down this beta."

#IamSlashdot

Positive effect of Beta (5, Funny)

jbeaupre (752124) | about 9 months ago | (#46185249)

There is a serious benefit of Beta you are all ignoring. Productivity around the world is increasing due to people preferring to work instead of reading Slashdot.

Re:Positive effect of Beta (2)

Anonymous Coward | about 9 months ago | (#46185695)

actually my work is suffering, because I cant stop reading all the beta comments

Example of things to come (1, Troll)

Chewbacon (797801) | about 9 months ago | (#46185297)

If you can't get "Close and don't show me again" right, then you shouldn't be coding a whole new Slashdot. I see that fucking notice every time I come here and click "DON'T SHOW ME AGAIN" each time. Oh, yeah: FUCK BETA.

Beta set fire to my children (0)

Mark4ST (249650) | about 9 months ago | (#46185337)

My sons and daughters visited Beta, and we instantly incinerated.

Movin on Down (with DIcE)! Beta Sucks. (0, Offtopic)

LoRdTAW (99712) | about 9 months ago | (#46185339)

The new site is not "movin on up". It's more like movin on down, a step backwards. /. aint broke so dont fix it.

Dice, I am protesting the beta site. I will not follow any links from a beta redirect and I will not participate in any meaningful discussion.

You speak of a wider audience, who is this wider audience? Oh, I get it. You aren't satisfied with 3+ million registered users and now you need to attract the clueless likes of the Popular Science crowd.

Judging by how badly your idiot design team mangled (putting it lightly) the comment section, you are COMPLETELY CLUELESS of what Slashdot really is. Its not a news site and we aren't an audience. Its a community driven site in which users submit content and we can discuss it gaining insight, expressing opinions or have a good laugh. The comments are why we come here. The main page is also an ugly mess. Many of us are mature adults with a professions, some of us are students and everything in between. But one this is for certain: we like text. We don't need pictures or videos or other useless web 2.0/HTML5/Social glitz. Just give us links to the content. That is why I am a daily /. user, its simple and to the point. This isn't twitter, Digg or Facebook, we come here to get away from that. You will lose more members than you will ever hope to attract with your new and unimproved design. Please abandon your attempts to cash in on /.

Fellow /.'ers, join me in this protest. Do not post a comment related to an article or click any links. Instead, post a comment in protest of the beta design. Mods (who wish to participate in the protest): Mod up protest comments comments only. Do not mod down on-topic comments as it isn't fair to the poster.

This is what I'm loading next week (0)

Anonymous Coward | about 9 months ago | (#46185633)

This is what I'm loading next week: http://www.alexa.com/siteinfo/slashdot.org [alexa.com]

Re:Movin on Down (with DIcE)! Beta Sucks. (0)

Anonymous Coward | about 9 months ago | (#46185645)

The new site is not "movin on up". It's more like movin on down, a step backwards. /. aint broke so dont fix it.

Dice, I am protesting the beta site. I will not follow any links from a beta redirect and I will not participate in any meaningful discussion.

You speak of a wider audience, who is this wider audience? Oh, I get it. You aren't satisfied with 3+ million registered users and now you need to attract the clueless likes of the Popular Science crowd.

Judging by how badly your idiot design team mangled (putting it lightly) the comment section, you are COMPLETELY CLUELESS of what Slashdot really is. Its not a news site and we aren't an audience. Its a community driven site in which users submit content and we can discuss it gaining insight, expressing opinions or have a good laugh. The comments are why we come here. The main page is also an ugly mess. Many of us are mature adults with a professions, some of us are students and everything in between. But one this is for certain: we like text. We don't need pictures or videos or other useless web 2.0/HTML5/Social glitz. Just give us links to the content. That is why I am a daily /. user, its simple and to the point. This isn't twitter, Digg or Facebook, we come here to get away from that. You will lose more members than you will ever hope to attract with your new and unimproved design. Please abandon your attempts to cash in on /.

Fellow /.'ers, join me in this protest. Do not post a comment related to an article or click any links. Instead, post a comment in protest of the beta design. Mods (who wish to participate in the protest): Mod up protest comments comments only. Do not mod down on-topic comments as it isn't fair to the poster.

It seems that well-reasoned comments like the parent would be much more effective in showing your distain for the beta version. At least, if you felt like plastering a message on each article, they could be messages like that one. It would make it seem less like digital temper tantrums and more like people having actual discussions of merit.

Vladimir Putin = Alpha (1)

Onymous Hero (910664) | about 9 months ago | (#46185359)

Betas all get banned in Mother Russia

What's next, banning ... (1)

davidwr (791652) | about 9 months ago | (#46185431)

... cigarettes [businessweek.com] ?

I guess it's reasonable. (1)

Maxus Atom (2423738) | about 9 months ago | (#46185443)

If it's against the law, then sure, go ahead and ban Bitcoin. What they're missing is that anything can be turned into a currency. Take Valve Software's Team Fortress 2 for example. It has an established economy based off one single currency, the Scrap Metal. People invest actual money in this currency in order to buy games off of Valve's Steam service, as well as other Team Fortress 2 items. If you're going to ban a digital currency like Bitcoin, you're going to have to ban the other digital currencies as well. When you get down to it, everything is a barter economy, and people are going to find other standard currencies.

Excellent -- slows the US down (2)

redelm (54142) | about 9 months ago | (#46185455)

Russia banning Bitcoin will have relatively little effect on the use of Bitcoin there since enforcement is highly selective and not dependant on established law.

OTOH if Russia bans it, the US (and its hangers-on) will have to think twice about banning Bitcoin. Heaven forbid the old foe gets it right, and first. Absent strong motivation, the US does not want to be seen as supporting Russia, particularly not ideologically on some matter of principle.

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