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Title: RBI red flags 'Virtual currency' Post by: assortmentofsorts on June 28, 2013, 05:29:30 AM Report from Times of India: http://timesofindia.indiatimes.com/business/india-business/RBI-red-flags-virtual-currency/articleshow/20808495.cms
Actual report: http://rbi.org.in/scripts/PublicationReportDetails.aspx?UrlPage=&ID=709 , SEE: Box 3.4: Virtual Currency Schemes Title: Re: RBI red flags 'Virtual currency' Post by: rezurect on June 28, 2013, 05:32:57 AM Expected Initial Reaction. To things they dont really understand.
India followed US policy i guess, if and when BTC goes mainstream in the US, I expect India to follow suit. Title: Re: RBI red flags 'Virtual currency' Post by: assortmentofsorts on June 28, 2013, 05:36:19 AM Expected Initial Reaction. To things they dont really understand. India followed US policy i guess, if and when BTC goes mainstream in the US, I expect India to follow suit. True. Also, part of the article which talks about "D Sivanandhan" concerns about Bitcoin can be found here: http://www.daijiworld.com/news/news_disp.asp?n_id=170161 (http://www.daijiworld.com/news/news_disp.asp?n_id=170161) Title: Re: RBI red flags 'Virtual currency' Post by: Benson Samuel on June 28, 2013, 05:46:15 AM This looks more like a statement more than anything else.
Don't think it indicates anything about P2P or decentralization; these are the biggest threats to the current Banking system. But it is good to see that India inc is taking a look at it on a mildly proactive basis. Title: Re: RBI red flags 'Virtual currency' Post by: subvolatil on June 28, 2013, 06:53:56 AM Who the hell is the idiot that wrote for the TOI, looks like it does not know what Crypto currency is about , and this is a classic FUD they are trying to engage in. guess the reporter was paid by the bank to write this. money laundering, terror groups, i guess its become a world wide trend for people to use these words for thing they dont like and dont understand.
Get it through your thick head the developer does not issue the crypto currency, nor does he control the supply of the crypto currency. crypto is a decentralized currency, a new technological innovation an movement. there is no central authority controlling crypto . Title: Re: RBI red flags 'Virtual currency' Post by: Benson Samuel on June 28, 2013, 06:59:20 AM Who the hell is the idiot that wrote for the TOI, looks like it does not know what Crypto currency is about , and this is a classic FUD they are trying to engage in. guess the reporter was paid by the bank to write this. money laundering, terror groups, i guess its become a world wide trend for people to use these words for thing they dont like and dont understand. Get it through your thick head the developer does not issue the crypto currency, nor does he control the supply of the crypto currency. crypto is a decentralized currency, a new technological innovation an movement. there is no central authority controlling crypto . I know that Indu does the tech review for TOI. But does not look like her writing at all. She knows way more about bTC. Title: Re: RBI red flags 'Virtual currency' Post by: psypi on June 28, 2013, 09:53:10 AM They're just scared about the decentralization. They hate what they can't control.
"When people fear the government there is tyranny. When government fears the people there is freedom" -Thomas Jefferson Title: Re: RBI red flags 'Virtual currency' Post by: Pinwheel on June 28, 2013, 11:46:10 AM what I told ya just few weeks ago ;D
now, get your self few good VPNs Title: Re: RBI red flags 'Virtual currency' Post by: rezurect on June 28, 2013, 02:50:12 PM Just remember that the State's backlash against bitcoin has not yet begun. They fight, and they fight dirty.
Title: Re: RBI red flags 'Virtual currency' Post by: Amitabh S on June 29, 2013, 07:12:22 PM What is this Bit coin they talk about? ;D ;D ;D
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