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Title: [2015-04-23] Business Line: It’s growing, Bitcoin by Bitcoin Post by: polynesia on April 24, 2015, 01:35:53 AM It’s growing, Bitcoin by Bitcoin
http://www.thehindubusinessline.com/opinion/its-growing-bitcoin-by-bitcoin/article7134704.ece India, however, has been slow in adopting this crypto currency system. The currency is highly volatile and India’s risk-averse culture is not helping give proper a perspective to people who have always preferred more stable and legally secure modes of transaction. In addition, Bitcoin’s inability to reverse or recall transactions presents a big physiological hurdle. Moreover, the question of educating a first-time account-holder about virtual currency always looms large. On the other hand, other electronic payments initiatives like RTGS, NEFT, IMPS, and mobile wallets are well established, secured and regulated, which relegates Bitcoin to a miniscule share of the market. Title: Re: [2015-04-23] Business Line: It’s growing, Bitcoin by Bitcoin Post by: buysellbitcoin on April 24, 2015, 03:38:23 AM Really fascinating to see how a single news source having wrong information can make something fact. I remember DNA article on buysellbitco.in ED incident and they said "Preliminary investigations found it to be in violation of the foreign exchange laws". Really dont know from where it came and how they got that information as they never quoted any official statement, because there is not any. But what really happened is after that each and every news article that mentioned incident has quoted same and same thing again. We never got charged with anything.
But this is how media works and I learned that its your responsibility to educate media on your side. If you can not do that efficiently and in timely manner, well, no one can help you. Anyways buysellbitco.in is going to be operational again pretty soon. Regards Title: Re: [2015-04-23] Business Line: It’s growing, Bitcoin by Bitcoin Post by: ctptosec on April 24, 2015, 04:48:29 AM Really fascinating to see how a single news source having wrong information can make something fact. I remember DNA article on buysellbitco.in ED incident and they said "Preliminary investigations found it to be in violation of the foreign exchange laws". Really dont know from where it came and how they got that information as they never quoted any official statement, because there is not any. But what really happened is after that each and every news article that mentioned incident has quoted same and same thing again. We never got charged with anything. But this is how media works and I learned that its your responsibility to educate media on your side. If you can not do that efficiently and in timely manner, well, no one can help you. Anyways buysellbitco.in is going to be operational again pretty soon. Regards When the news was wrongly speculated, you were supposed to condemn by calling the press.Cause of that 'entire world wrote the same story'; reference: http://www.coindesk.com/indian-authorities-swoop-buysellbitco/ At least now also, you call the press( mainly business news channels and print media) and condemn it else it will embrace you always. Title: Re: [2015-04-23] Business Line: It’s growing, Bitcoin by Bitcoin Post by: buysellbitcoin on April 24, 2015, 05:07:01 AM Really fascinating to see how a single news source having wrong information can make something fact. I remember DNA article on buysellbitco.in ED incident and they said "Preliminary investigations found it to be in violation of the foreign exchange laws". Really dont know from where it came and how they got that information as they never quoted any official statement, because there is not any. But what really happened is after that each and every news article that mentioned incident has quoted same and same thing again. We never got charged with anything. But this is how media works and I learned that its your responsibility to educate media on your side. If you can not do that efficiently and in timely manner, well, no one can help you. Anyways buysellbitco.in is going to be operational again pretty soon. Regards When the news was wrongly speculated, you were supposed to condemn by calling the press.Cause of that 'entire world wrote the same story'; reference: http://www.coindesk.com/indian-authorities-swoop-buysellbitco/ At least now also, you call the press( mainly business news channels and print media) and condemn it else it will embrace you always. Absolutely agreed, as I said in my post : "But this is how media works and I learned that its your responsibility to educate media on your side. If you can not do that efficiently and in timely manner, well, no one can help you." But again with time I have learned my lesson now, may be the hard way :) I am not blaming media here and mostly its my inability to defend that time ( there are several reasons for it, but reasons become excuses if result is not in your way :) ). I am still learning and I am sure will improve my understanding over the time. Regards Title: Re: [2015-04-23] Business Line: It’s growing, Bitcoin by Bitcoin Post by: Benson Samuel on April 24, 2015, 08:40:32 AM Really fascinating to see how a single news source having wrong information can make something fact. I remember DNA article on buysellbitco.in ED incident and they said "Preliminary investigations found it to be in violation of the foreign exchange laws". Really dont know from where it came and how they got that information as they never quoted any official statement, because there is not any. But what really happened is after that each and every news article that mentioned incident has quoted same and same thing again. We never got charged with anything. But this is how media works and I learned that its your responsibility to educate media on your side. If you can not do that efficiently and in timely manner, well, no one can help you. Anyways buysellbitco.in is going to be operational again pretty soon. Regards When the news was wrongly speculated, you were supposed to condemn by calling the press.Cause of that 'entire world wrote the same story'; reference: http://www.coindesk.com/indian-authorities-swoop-buysellbitco/ At least now also, you call the press( mainly business news channels and print media) and condemn it else it will embrace you always. Absolutely agreed, as I said in my post : "But this is how media works and I learned that its your responsibility to educate media on your side. If you can not do that efficiently and in timely manner, well, no one can help you." But again with time I have learned my lesson now, may be the hard way :) I am not blaming media here and mostly its my inability to defend that time ( there are several reasons for it, but reasons become excuses if result is not in your way :) ). I am still learning and I am sure will improve my understanding over the time. Regards +1 Mahin.. Another poor article.. Badly researched and seems fed. Title: Re: [2015-04-23] Business Line: It’s growing, Bitcoin by Bitcoin Post by: polynesia on April 25, 2015, 04:28:04 AM Overall, the tone of the article about Bitcoin was positive.
This was a pleasant surprise, given the doomsday articles which were written earlier. The last article in the Hindu had comments disabled. ;D Title: Re: [2015-04-23] Business Line: It’s growing, Bitcoin by Bitcoin Post by: nerFohanzo on April 30, 2015, 05:14:35 PM That's true that Indians are not aware of bitcoins yet but the things will change in future it is not going to be same at it is at present. As Indians are not aware about it they don't show any interest in bitcoins but i m sure if a proper workshop on bitcoins that would definitely help indians to think in a different way.
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