BTC-E is being run by Russians. Most of them know English, but are not quite comfortable with it. Also, recently there was a spike in their trade volumes and new registrations. I think they are unable to find quality manpower to run all this.

I think that his net worth is well under $ 1 billion. So this is a very significant investment for him. He is using a large part of his assets for this step.

Is the problem only with privatized banks? Are government owned banks free from this?

I'd like to know.... because in some nations such as Cuba, all the banks are owned by the government.

They are not going to regulate it. They are going to ban it. That is the problem. The nutcase RBI director was saying something like: Bitcoins are being used for money laundering... so we should arrest everyone who is having BTCs with them. This is the attitude. 

Local bitcoins have several options. You can chose Western Union or Wire Transfer. They are the safest. Chose only well-reputed sellers.

Oh... you deserve a Nobel prize for that.


Typical Indian arrogance. I don't care about your country. Do whatever you want. But I have only one doubt. If you are so much experienced in handling diversified culture and financial system better than anybody else in world, then why India is one of the poorest countries in the world? Also, why every day thousands of Indians are queuing up for British / American visas?

Oh God! How many times I have to tell? As far as I am concerned Saddam was a dictator. But for the Americans (i.e until 1980s) he was a democratically elected leader, or so the media told us. 


I found most of the (recent) US presidents much more tyrannous than Saddam. 

This nutcase gave up a cozy living in the UK, to fight jihad in Yemen? Something is wrong with the British people lately.

I didn't meant that.

I said that, for the US Saddam Hussain was a democratic ruler until the late 1980s. Or better, the Americans viewed Saddam as one of their best allies. They even gave him weapons to fight the Iranians. However, in the late 1980s he became an oppressor for the Americans, after he ignored their pleas to export more oil.

Not many. Qatar, UAE might be good examples.

But in the case of Ukraine, most of the debts were amassed by the notoriously corrupt and inept pro-Western president Viktor Yushchenko, when he ruled Ukraine from 2005 to 2010. Tymoshenko did nothing to contain it, and Yanukovuch proved to be completely indifferent. For many years, nothing was done to reduce the national debt. Now it has become a very large part of the GDP. 

Well.... in some scenarios, an oppressor can become a democratic ruler (provided he suddenly agrees to follow the orders of the US). Example: Saudi king.

In some other scenarios, a democratic ruler can suddenly become an oppressor. Example: Saddam Hussain.

I'd like to hear about the legality of Bitcoin in Hong Kong. Taiwan is a great place, but their political relations with China is not that good. So Chinese businessmen might be a bit scared to do business there. On the other hand, Hong Kong / Macau seems to be perfect. 

That might be true. But then why they are threatening to arrest everyone who own Bitcoins? The exchange owner might have committed some mistakes. And the enforcement is making use of it to banish Bitcoin from India.

I don't think that it'll happen in this century. May be in 2140, when Bitcoin mining ceases. The real value of the US Dollar will be about 1/1000 th of the value now. So that means, effectively not much of a change. 

Is it so? Then this is definitely another reason to hate the US and its bloody military.

BTW... you should check Xingu Park. Might be the only place in the world where public nudity is not much of a problem.

Ukraine has become more or less of an ego issue between Putin and Obama. Ukraine is a broke nation. It is deep in debt and anyone who takes it in, will have to pay billions of USD to rescue its economy. My advice to Putin would be to leave Putin to the EU, rather than wasting Russian tax payer money there. The EU is already broke and if Ukraine decides to go for EU integration, then it will trigger the complete collapse of the European Union.

Rebuilding the old Russian empire is a bad idea. Russia is having a population of 143 million, which is growing (after almost a decade of sharp decline) ever since 2010. Be content with this population. You already got 10 million population of Belarus. That is enough. 

OPEC want you to believe otherwise. The CO2 concentration in the atmosphere has increased from 280 ppm to 420 ppm in just 100 years. Don't you think this will have some effect on our lives?

Tymoshenko is more corrupt, when compared to Yanukovych.


There is nothing like Soft Pressure. Both the sides are trying to force Ukraine to ally with them. The Western media however, would like to paint this as blackmail by Putin, and carrot and stick by the EU.

No. Fiat is not safe. A perfect example is the US Dollar. It is losing its value gradually, as the American fiscal deficit is increasing.

China will make the difference. India... not much so. The total GDP of India is much lower than many other developing nations. And the GDP growth has stunted ever since the current ruling party was voted in to power (in 2004).