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1201  Economy / Services / Re: Solve these 3 math problems and get 0.1 btc (set theory-not too difficult) on: May 02, 2015, 08:14:27 AM
0.025btc awarded to polynesia
97efdd32c3864b50ad56408830256a544689b576b18e8fe81eb7963fec4d78dc

edit: hehe.. you think you could define the bijection? i am literally incapable of doing anymore math today. my brain is reeling

Unfortunately, I don't get the notation required.  Sad
Let me try to define it

X = [m] x [n]
Y = [mn]

For each i (1<= i <= m) and j ( 1 <= j <= n), let us define a function f (i, j) such that f(i,j) = (i−1)n+j
f is bijective from X to Y
1202  Economy / Services / Re: Solve these 3 math problems and get 0.1 btc (set theory-not too difficult) on: May 02, 2015, 07:56:39 AM
Thanks. Payment received.
https://blockchain.info/tx/97efdd32c3864b50ad56408830256a544689b576b18e8fe81eb7963fec4d78dc

A big thumbs up to you.  Smiley
1203  Economy / Services / Re: Solve these 3 math problems and get 0.1 btc (set theory-not too difficult) on: May 02, 2015, 07:45:54 AM
For problem 5, does this work?

f(i,j)=(i−1)n+j

where i goes from 1 to m and j goes from 1 to n

yea i think thats exactly right as a matter of fact.. could you just be a little more explicit for defining the bijection of m and n with respect to f(i,j)?

Thanks. Let me know a sample of the way you want to define the bijective function and I will help define it for you.
My address: 1Nri6bYYB5jjVSQxum9jGkYNghqZHzUAfu  Grin
1204  Economy / Services / Re: Solve these 3 math problems and get 0.1 btc (set theory-not too difficult) on: May 02, 2015, 07:32:03 AM
For problem 5, does this work?

f(i,j)=(i−1)n+j

where i goes from 1 to m and j goes from 1 to n
1205  Economy / Lending / Re: Need a 0.022btc loan on: May 01, 2015, 03:48:10 PM


Repayment received. Thanks!

https://blockchain.info/tx/723fe29d9db40a7e3629719e409638561cea95e564f5245e9663a93ac2b7ddaf

You may lock this thread now.
1206  Bitcoin / Bitcoin Discussion / Re: Stand by Net Neutrality. Save the Internet in India. on: April 26, 2015, 02:22:59 AM
There is a new term for people like us....  Tongue

http://www.thehindu.com/features/magazine/freedom-struggle-20/article7137585.ece

The battle for net neutrality, in India at least, looks to have exacerbated suddenly in the past few weeks. In truth, however, the issue has been brewing for quite a while, fanned by the Federal Communications Commission’s (FCC) penchant for preparing sheaves of rules and regulations, sundry disputes and discourses by the Reddit demigods and anyone who owns a blog or a YouTube channel, the Bitcoin mafia’s complacent insistence on being the saviour of the web as we know it, and the rumours and filtered nuggets of news surrounding Google’s plans for a mobile virtual network operator (MVNO).
1207  Economy / Lending / Re: Need a 0.022btc loan on: April 26, 2015, 01:42:48 AM
Amount : 0.022BTC
Address: 34PcQgdjmU5fWPLiFpYvDTscXM33pNp3Vt
Interest : 10%
Will repay on : Friday (1 may 2015)
Reason : Want to buy a VPS
Thanks

Bitcoins sent.
https://blockchain.info/tx/4469200d815a07d94cea9a8b009e713baf57f28162f5bdaf75f7c85cce3179aa

Please repay to 1Nri6bYYB5jjVSQxum9jGkYNghqZHzUAfu
1208  Economy / Lending / Re: Need a 0.022btc loan on: April 26, 2015, 01:37:08 AM
Amount : 0.022BTC
Address: 34PcQgdjmU5fWPLiFpYvDTscXM33pNp3Vt
Interest : 10%
Will repay on : Friday (1 may 2015)
Reason : Want to buy a VPS
Thanks

I will do it.
Will send across bitcoins and then post the transaction id.
1209  Local / India / Re: Do giveaway and service announcements? on: April 25, 2015, 04:31:32 AM
We could possibly move them to marketplace/ archive them, if there is no activity in these threads for a week.
Well you cannot archive them for no activity. That would be a bit harsh.


Okay! Agree to you Benson. We don't have enough threads to make a new section out of them.
Services are although almost fine. But I don't like giveaways here, they don't seem to be nice on the main board, cause I think the main board is meant for discussion and not attracting newbies by throwing freebies, why not move them to main giveaway section?

I think polynesia's comment does make sense in terms of the marketplace move. I can move Giveaways to the marketplace after a week or so.
I think most of the giveaways here are India centric, so not sure how effective it will be for the OP's on the main board.

Could we allow the same for news articles? We can allow it in the main board and then move to the press & news section after 3-4 days.
I feel this would get the articles more views and (possibly) increase discussion.
1210  Local / Press & News from India / Re: [2015-04-23] Business Line: It’s growing, Bitcoin by Bitcoin 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.  Grin
1211  Local / Press & News from India / [2015-04-23] Business Line: It’s growing, Bitcoin by Bitcoin 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.

1212  Economy / Lending / Re: need .065 loan on: April 22, 2015, 01:57:26 PM
Gentle reminder.
Repayment of loan due today.
Please repay to 1Nri6bYYB5jjVSQxum9jGkYNghqZHzUAfu
Repayment made: https://blockchain.info/tx/52deefc87e51c11211ad9de4b3acfc35d95dfb0c16837a1616366035b42db42c

Thanks again. Grin

Thanks! Payment received and positive trust feedback left.
You may now lock this thread.
               
1213  Economy / Lending / Re: need .065 loan on: April 22, 2015, 02:25:54 AM
Gentle reminder.
Repayment of loan due today.
Please repay to 1Nri6bYYB5jjVSQxum9jGkYNghqZHzUAfu
1214  Local / Marketplace (India) / Re: Unocoin partners with Purse.IO to convert Amazon gift cards to rupees on: April 19, 2015, 05:18:44 AM
http://www.newsbtc.com/2015/04/16/bitcoin-exchange-in-india-allows-conversion-of-turk-to-rupees/
1215  Economy / Lending / Re: need .065 loan on: April 19, 2015, 05:08:55 AM
Bitcoins sent

https://blockchain.info/tx/0c566c60df608127ea6224d026386a0ad3adbed5b34aebd7b355140fb561b820

Please repay 0.07 BTC to 1Nri6bYYB5jjVSQxum9jGkYNghqZHzUAfu on 22nd April.
1216  Economy / Lending / Re: need .065 loan on: April 19, 2015, 05:03:46 AM
Will repay .07 on april 22nd from sig payment. This is a no collateral loan I have had many loans repaid.

addy 15YetH2xASQZkoFYYKQmi5GfDddY7ii2MX

sig spreadsheet: https://docs.google.com/spreadsheets/d/1VpO_Lt6_yhV2_B1XKZAYi74xjGCuL_xXteUltuwhBuY/edit

thanks..

I can do this if you up the interest rate a little bit.
Too low for my liking at the moment. Smiley
Let me know if you are interested.
Ill do .07 for .06 intill april 22 is that okay?

That is okay.
I confirm that I will do this transaction.
Will send across bitcoins and then post transaction id.
1217  Local / India / Re: What is the use of KYC? on: April 19, 2015, 03:14:30 AM
Hello India!
Actually BTC is an anonymous currency. I'm right?
Then why should i verify myself to exchange BTC to INR? In all exchanges (here i'm mentioning india only and i don't know about other country's) why should i give PAN number? If BTC is anonymous, then no need of verifying my identity by KYC right?


~Rude Boy

The KYC is not for BTC, but for Fiat in most cases.
Since the transaction will handle INR as well, regulations related to Fiat need to stay on record.
This would not be the case in a crypto-crypto exchange, even in India.

Thank you Benson. This is very enlightening.
Hypothetically, if a commodities exchange or stock exchange were to use BTC instead of fiat, would stringent KYC norms still apply?
1218  Local / Press & News from India / [2015-04-16] NDTV: London Stakes Its Claim as Global Bitcoin Hub on: April 19, 2015, 03:08:07 AM
London Stakes Its Claim as Global Bitcoin Hub

http://gadgets.ndtv.com/internet/features/london-stakes-its-claim-as-global-bitcoin-hub-682081

British authorities have come out in support of digital currencies in the name of promoting financial innovation, while proposing that regulations should be drawn up to prevent their use in crime.

But it is technophiles who are leading the drive to make London a real-world hub for trade in web-based "cryptocurrencies", of which Bitcoin is the original and still most popular.
1219  Economy / Lending / Re: need .065 loan on: April 19, 2015, 03:03:26 AM
Will repay .07 on april 22nd from sig payment. This is a no collateral loan I have had many loans repaid.

addy 15YetH2xASQZkoFYYKQmi5GfDddY7ii2MX

sig spreadsheet: https://docs.google.com/spreadsheets/d/1VpO_Lt6_yhV2_B1XKZAYi74xjGCuL_xXteUltuwhBuY/edit

thanks..

I can do this if you up the interest rate a little bit.
Too low for my liking at the moment. Smiley
Let me know if you are interested.
1220  Local / India / Re: People pay your Taxes on: April 16, 2015, 12:29:50 AM
1) I don't have to pay tax when buying Bitcoins because i buy them with my salary which has already been taxed before reaching me. Is this statement correct?

That is correct. No direct taxes.

2) When i sell the Bitcoin i own, i will only then need to pay my taxes on the profits.

That is correct.

3) Is there not a way to write off my losses against Bitcoin trading like professional stock market traders do? If yes, what proofs do i need to furnish? Will LocalBitcoins records do to prove my purchase of coins?

It may be possible to offset losses from Bitcoin trading against specific heads (i.e. short term capital gains against short term capital losses). I am not sure how extensive LocalBitcoin records are. Is it like a statement? Bank records (money going in / out) + Blockchain evidence + LocalBitcoin records should be enough.

4) What about Bitcoin that i have earned through signature campaigns? Do they come under a different type of tax? If yes, what records do i show to prove i earned these Bitcoins?

Income from other sources.

5) I assume we need to declare the profits from Bitcoin trading as "Income from other sources" while filing my returns but then if it is treated like an asset then it is subject to Capital Gains Tax which is not normally declared under the head Income from other sources?

I think it would come under Capital Gains unless you are a professional trader. Not sure about this.
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