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201  Local / India / Re: 🔴WARNING🔴 LOCALBITCOINS CLONE/PHISHING on: July 15, 2018, 05:46:51 PM
Localbitcoins.net is the official mirror site of localbitcoins.com and is completely legit.Please do your due research before posting.

Source: https://www.reddit.com/r/Bitcoin/comments/78uxej/localbitcoinsnet_or_localbitcoinscom_is_legit/

Can confirm. https://www.reddit.com/user/Max_LocalBitcoins is their official support handle.

Thanks, I will edit the post now.. I have seen many clones appear in the form of google ads so that made me doubt them.

True. In before, we have seen many such fakes of blockchain.info being advertised on Google SERP through Adwords, which stole people's fund. Its good to be skeptical in Crypto world.

Regarding the authenticity of LocalBitcoins.net, I just found this discussion on LocalBitcoins.com's own forum - https://localbitcoins.com/forums/#!/localbitcoins/general-discussion:what-is-localbitcoinsnet-a
202  Local / India / Re: 🔴WARNING🔴 LOCALBITCOINS CLONE/PHISHING on: July 15, 2018, 04:06:04 PM
Localbitcoins.net is the official mirror site of localbitcoins.com and is completely legit.Please do your due research before posting.

Source: https://www.reddit.com/r/Bitcoin/comments/78uxej/localbitcoinsnet_or_localbitcoinscom_is_legit/

Can confirm. https://www.reddit.com/user/Max_LocalBitcoins is their official support handle.
203  Bitcoin / Development & Technical Discussion / Re: How trusted is this BIP 70 converter? on: July 15, 2018, 11:03:48 AM
Thanks. But, if I pay to this address from a wallet that does not support BIP 70, will BitPay consider that invoice as paid?

Well yes, that's the whole point from the decoder, being able to pay without having a BIP70 compatible wallet. I have done it multiple times, It works.

Good. I thought they check metadata too.
204  Economy / Gambling discussion / Re: Does hard work in gambling count? on: July 15, 2018, 10:39:17 AM
Hard work never counts. It is always smart work that counts. Wink
205  Local / India / Re: Instead of a ban, India may turn cryptocurrencies into a commodity on: July 15, 2018, 10:34:55 AM
Hey, that's a great update!! hopefully, they can create something like that as it would help bitcoin with trust.
I'm sure GST is coming to Bitcoin. I'm worried about the tax slab.

Rather than the tax slab, what matters more to the Bitcoin community is certainty in policy. The RBI wakes up one fine day and decides to get banks to squeeze bitcoin exchanges. The government seems to frame committees but does nothing beyond that. No long term focus or policy direction.

BIG tax may eat out the chance of profitability.
206  Bitcoin / Development & Technical Discussion / Re: How trusted is this BIP 70 converter? on: July 15, 2018, 10:31:43 AM
I suppose you want to use this to decode a Bitpay payment URL?
Yes.

If so, you can do yourself without trusting any website by sending a GET request to the URL with the header "Accept" equal to "application/payment-request", which is basically what the tool does; It will return the address and amount to send.

Here is an example by using Postman: https://i.imgur.com/7EkFSDJ.png
Thanks. But, if I pay to this address from a wallet that does not support BIP 70, will BitPay consider that invoice as paid?
207  Bitcoin / Development & Technical Discussion / How trusted is this BIP 70 converter? on: July 13, 2018, 07:16:04 PM
https://decoder.bip70.org/

BIP 70: https://github.com/bitcoin/bips/blob/master/bip-0070.mediawiki
208  Alternate cryptocurrencies / Altcoin Discussion / Re: What do u do with your Bitcoin forks? on: July 13, 2018, 11:10:54 AM
I think, there is good reason to HODL, BTG & BCD.
209  Local / India / Re: Instead of a ban, India may turn cryptocurrencies into a commodity on: July 12, 2018, 09:45:51 AM
Hey, that's a great update!! hopefully, they can create something like that as it would help bitcoin with trust.
I'm sure GST is coming to Bitcoin. I'm worried about the tax slab.
210  Local / India / Re: Instead of a ban, India may turn cryptocurrencies into a commodity on: July 11, 2018, 07:33:41 PM
Some recent news said SBI is going to acquire 30% of BCH hashrate so there's no way they could ban all cryptocurrecies
That is SBI Group of Japan. Not the Indian bank.
211  Local / India / Instead of a ban, India may turn cryptocurrencies into a commodity on: July 11, 2018, 06:46:55 PM
After months of uncertainty, there are indications that India may not, after all, opt for a blanket ban on virtual currencies. A finance ministry panel set up to study them may even suggest that they be treated as commodities.

https://qz.com/1324595/instead-of-a-ban-india-may-turn-cryptocurrencies-into-a-commodity/
212  Bitcoin / Bitcoin Discussion / Re: Forget the lambo, I want a seastead on: July 08, 2018, 09:50:08 AM
This appears to be a more realistic project - https://www.freesociety.com

Moreover, it has recently been found, most bitcoiners prefer Tesla over Lambo.
213  Local / India / Re: What can I DO where RBI Ban Crypto on: July 07, 2018, 07:05:00 PM
Hello...Freinds.

Recently RBI ban the CRYPTO in India. There are lots of investors including me invested in Cryptocurrency or ICO's. So what can I do? Please Suggest me?

Please read the supreme court order. Nothing is finalized yet - https://www.supremecourtofindia.nic.in/supremecourt/2018/19230/19230_2018_Order_03-Jul-2018.pdf
214  Local / India / Re: Koinex last date for withdrawals 9th July - 2pm. Need advice on: July 07, 2018, 07:02:14 PM
Does anyone have any idea how they would process the refunds? Would that be in the bank account? I have an account on koinex and want money in bank. have around 0.05 Btc. Can anyone shed some light on this?

If u want INR, sell it and withdraw INR. If u want BTC, withdraw it as is. Simple.
215  Local / India / Re: What to do with Crypto after 5 July ? on: July 07, 2018, 07:00:44 PM
Investors would only be able to do peer-to-peer (P2P) transactions with a fellow trader. One would only be able to transact in the form of exchange with any another cryptocurrency. Some exchanges WazirX and Koinex Loop are working on peer-to-peer model.

Thats good for now atleast they are doing something to continue trading cryptos

If in future, I convert my cryptocurrency to rupee by P2P transaction, how will I prove that it is legal money ( not black money or any money laundering ).
Maybe, crypto will grow x100 in 2 years. So I can have over a crore rupee in crypto. That may attract attention of authorities if I one day get a crore rupee in my account.

Did you get your coins more than a few years back? If you did and you haven't moved your coins, then you can argue (if required) that most of the money you earn by selling these coins is capital gains tax.


Capital gains tax applies on recognized asset class. Crypto is not yet a recognized asset class in India.
216  Local / India / Re: What to do with Crypto after 5 July ? on: July 03, 2018, 05:57:59 PM
For now, just keep earning Crypto. There are hell lot of people in India, honestly making their living off Crypto. The voice to regularize Crypto is getting stronger everyday. Whatever comes... we'll face it together.

p.s. If u r 18+, try to have a PAN card as soon as possible and file NIL ITR, even if your Crypto gain does not fall under taxable bracket.
217  Local / India / Re: INDIA BITCOIN BANK BAN IN EFFECT JULY 5 AFTER SUPREME COURT DECISION on: July 03, 2018, 05:50:53 PM
Basically they'll act like LocalBitcoins.com.
218  Economy / Gambling / Re: Chain-Bet.com - Unique game to bet directly on Bitcoin Blockchain on: June 28, 2018, 05:07:24 PM
Why the board appears to be so dead now?

Because the site is getting close to dead as well IMO, last bet was more than 10 days ago. It seems that after they reduced the winning payout from x16 to x10, people started to leave the site. As long as I remember, the winning payout was x16 which had low house edge, but now it is x10 only which means higher house edge. Other than that, the game itself is not so popular although it is a provably fair game. Gamblers prefers to play on dice  game if they want to get x10 payout, which is simple and does not require fee for every bet they make.

I do feel the same...
219  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [PRESALE] [AIRDROP] [VNX] Venox PoS Masternode ZeRoCoin Mobile Staking on: June 22, 2018, 07:36:25 PM
The World’s First Crypto-currency to introduce Mobile PoS and Encrypted Reference Line
Wont it expose mobile no. of the user to the network?
220  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Ethereum: Welcome to the Beginning on: June 22, 2018, 07:32:41 PM
Has Ethereum put a hard cap on the total supply or 100M is still a buzzword?
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