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Belarus to create a regulatory environment for circulation of cryptocurrencies

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Re: Belarus to create a regulatory environment for circulation of cryptocurrencies

#41

Post by lowry »

JumpCrisscross wrote: post #31
cies wrote: post #27

Earlier quoted context omitted.

Any gov't were lobby has more power then voters is by definition not a democracy. > the laws change at the whim of the rulers. There are not too many (probably non at all) places were law changes are voted on by the general public directly. I really do not think that calling some place "undemocratic" helps. What is more interesting to me is to what extend a place rulers/rules promote or counter oppression.

> I really do not think that calling some place "undemocratic" helps Democracies are more stable and tend to contain healthier economies, in the long run [1]. Commerce doesn't care about "what extend [ sic ]...rulers/rules promote or counter oppression." It is meaningful, on the other hand, to consider how long a regime (and thus one's investments) will last, the odds of your employees being jailed for falling out of…

Thanks for the link, but you should have given the one to directly download the article: https://sci-hub.la/https://doi.org/10.1017/S0007123497000197

Re: Belarus to create a regulatory environment for circulation of cryptocurrencies

#42

Post by John_McT »

neals wrote: post #3

There's some interesting chances here for governments. In the 80's, Luxembourg introduced some progressive tax-incentives for space companies. The inflow of business related to space (mainly satellite parts and software suppliers) has had and enormous impact on the economy of Luxembourg. I think there's chances in the Crypto/blockchain space for small economies as well.

Certainly! Estonia has taken a very progressive stance on cryptocurrency and tech development as a whole and it's great to see other countries do the same! I was at a blockchain conference last weekend in Minsk and nearly every speaker ended their presentation with an open call for developers to apply for their projects.

Politics and underlying motivations aside, it gives a lot of people work opportunities as the field continues to grow.

Re: Belarus to create a regulatory environment for circulation of cryptocurrencies

#44

Post by fwdpropaganda »

jesusthatsgreat wrote: post #36
pedrocr wrote: post #12

The blockchain hype seems to have some parallels to the Second Life[1] one. The technology isn't quite there, the valuations are immense, and it all seems like a real life implementation of a Neal Stephenson novel. Second Life doesn't seem to have gone anywhere but it doesn't mean cryptocurrencies won't as well. From the outside they do look just as niche and generally lacking in use cases. [1] https://en.wikipedia.o…

Second Life is a virtual world where virtual stuff can be traded. Blockchain technology is real world technology. It can help to solve really challenging problems and make real world systems more efficient / productive / cost effective / autonomous. The two are in no way comparable... if you're looking for a comparison to Second Life which happens to use blockchain technology, check out Decentraland: https://decentra…

You're making the virtual/real world dichotomy with the hindsight of knowing that Second Life didn't go anywhere. People back then also called it a technology: it's a technology that allows e.g. in-person meetings without the need for displacement. It's a technology that disrupts physical space, the ultimate disruption!

No, sorry, such dichotomy is irrelevant. What's relevant is that Second Life didn't get traction.

How's Bitcoin doing as a technology? Lots of traction! Now it remains to be seen where it can keep it. What applications does it have? I'm not sure, as right now there's some 250k backlogged transactions because currently the blockchain can't seem to handle even a trivial number of transactions.

Re: Belarus to create a regulatory environment for circulation of cryptocurrencies

#45

Post by cies »

JumpCrisscross wrote: post #31
cies wrote: post #27

Earlier quoted context omitted.

Any gov't were lobby has more power then voters is by definition not a democracy. > the laws change at the whim of the rulers. There are not too many (probably non at all) places were law changes are voted on by the general public directly. I really do not think that calling some place "undemocratic" helps. What is more interesting to me is to what extend a place rulers/rules promote or counter oppression.

> I really do not think that calling some place "undemocratic" helps Democracies are more stable and tend to contain healthier economies, in the long run [1]. Commerce doesn't care about "what extend [ sic ]...rulers/rules promote or counter oppression." It is meaningful, on the other hand, to consider how long a regime (and thus one's investments) will last, the odds of your employees being jailed for falling out of…

> Democracies are more stable and tend to contain healthier economies, in the long run [1].

Good for the economies. But some great economies happen in non-democratic places. It tells me nothing. I'm more concerned with fighting oppression than promoting the growth of "healthier economy" (what ever that may mean).

> It is meaningful, on the other hand, to consider how long a regime (and thus one's investments) will last

Investment of worker's means (like his house): sure.

Investment of a billionaires fortune: I do not give a shit, it's not in my interest to protect that kind of investment. For the record: I do not believe investment creates jobs, I believe increased consumption and protective economic policy create jobs.

> the odds of your employees being jailed for falling out of political favor

Now THAT'S oppression right there! I really hate that to happen, not because some company owner has to find a new employee, but because a person and their social environment is ripped to pieces.

> whether favorable rules (such as this one) could be re-written, again on someone's whim

Rules favourable to what? Billionaires? Or the common people?

Ask yourself: can you really define the word "economy" unambiguously? Or are you chasing a spook?

Re: Belarus to create a regulatory environment for circulation of cryptocurrencies

#46

Post by rsynnott »

lowry wrote: post #34
rsynnott wrote: post #30

Earlier quoted context omitted.

More like the EU has a huge anti-Belarus lobby (and for very good reasons). The Baltic countries mostly have their own nuclear plants, with no plans to close them; not that much anti-nuclear sentiment.

Dude, you are lying. Lithuania closed its last nuclear reactor, which had been generating 70% of its electricity, at the end of 2009, due to EU pressure. Latvia and Estonia never had one.

Lithuania's one was two elderly Chernobyl-style reactors which were already past their design life; shutting them was fairly reasonable. I thought Estonia had a couple, but apparently not.

Re: Belarus to create a regulatory environment for circulation of cryptocurrencies

#47

Post by ceasarby »

myth_drannon wrote: post #9

Just FYI Belarus is not a democracy and the laws change at the whim of the rulers. Read the journal of this blogger who got arrested there https://www.bbc.com/news/amp/blogs-trending-38804499 , the people(the foreign nationals) who were in jail with him...

This blogger was arrested because Interpol issued warrant for his arrest. Belarus as law-abiding member of Interpol just complied with rules, he was extradited to the country that made request, afaik.

I wouldn't trust the guy who broke the law on purpose. What he did is entered the territory using a fake passport, after he was specifically told by the government the he can't do this. And he did it not for any valid reason, but just to create hype in his blog. Pretty idiotic thing to do.

Anyway situation with this blogger is totally irrelevant to the Decree of Digital Economy that was signed today.

Re: Belarus to create a regulatory environment for circulation of cryptocurrencies

#48

Post by [deleted] »

cies wrote: post #45
JumpCrisscross wrote: post #31

Earlier quoted context omitted.

> I really do not think that calling some place "undemocratic" helps Democracies are more stable and tend to contain healthier economies, in the long run [1]. Commerce doesn't care about "what extend [ sic ]...rulers/rules promote or counter oppression." It is meaningful, on the other hand, to consider how long a regime (and thus one's investments) will last, the odds of your employees being jailed for falling out of…

> Democracies are more stable and tend to contain healthier economies, in the long run [1]. Good for the economies. But some great economies happen in non-democratic places. It tells me nothing. I'm more concerned with fighting oppression than promoting the growth of "healthier economy" (what ever that may mean). > It is meaningful, on the other hand, to consider how long a regime (and thus one's investments) will la…

[deleted]

Re: Belarus to create a regulatory environment for circulation of cryptocurrencies

#49

Post by ishtu »

anorsich wrote: post #23
imhoguy wrote: post #17

Earlier quoted context omitted.

But it would be better the government be driven by long-term and wider improvements like overall business law stabilization. This case is narrow short-term opportunity. Anyway I wish you guys good luck!

I agree, but they're making quite good steps now. This document also declares: `Investment according to English Law will be allowed.` The process takes time but Belarus slowly removes borders and getting better. From 2017, residents of 80+ countries (including entire EU and US) were allowed to enter Belarus without a visa for 5 days (subject to be extended even further)

No investor in their mind would believe this. Belarus needs structural reforms first.

Re: Belarus to create a regulatory environment for circulation of cryptocurrencies

#50

Post by throwawaymanbot »

ceasarby wrote: post #47
myth_drannon wrote: post #9

Just FYI Belarus is not a democracy and the laws change at the whim of the rulers. Read the journal of this blogger who got arrested there https://www.bbc.com/news/amp/blogs-trending-38804499 , the people(the foreign nationals) who were in jail with him...

This blogger was arrested because Interpol issued warrant for his arrest. Belarus as law-abiding member of Interpol just complied with rules, he was extradited to the country that made request, afaik. I wouldn't trust the guy who broke the law on purpose. What he did is entered the territory using a fake passport, after he was specifically told by the government the he can't do this. And he did it not for any valid r…

By its founding principals, Interpol honors requests from places that it really shouldnt. So The fact that someone can trigger something like that, does not mean someones guilty of anything other than getting on the nerves of a dictator. (Check out Russia and Bill Browder for example, Russia uses interpol to hassle him)
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