I was also thinking the same and Bitcoin ATM is not possible in India unless RBI gives the green signal .
Or there is clarity about the classification of Bitcoin. Think about it - you don't need a green signal from RBI for operating a cola vending machine.  cola is not virtual currency  The jury is out on bitcoin classification. Is it a currency? Is it property? Or is it just a collectible? The government would need to clarify this. The rest would then follow. |
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I'm considering buying stocks in a brokerage account and selling equivalent contracts for bitcoin. This would allow anyone to invest in equity markets without compromising their identity or jumping through hoops. My broker would verify the assets in my account, and I would publish an exhaustive list of my liabilities to demonstrate that I am solvent.
Would you be interested in such a service?
What price would you pay? (i.e. you would exchange $10X for a contract worth $100 of google stock. price = X%) I would have to cover my trading costs.
Are you as an individual offering this service? Have you thought of legal and compliance issues? Would you (or the Government) be okay if people from North Korea invested in US stocks through this manner? |
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True, but sometimes one needs to sell and that is when one has to trust someone else with their bitcoin, even if it is an escrower or an exchange.
which is when you have to be extremely careful. |
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Think I could get a spot in?
After 2.5 months, if there is a spot vacant, I guess |
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so you guys think payment is correct? should they pay more? pay less?
Depends on the competition. If there is only one signature campaign, it could get away with paying almost nothing. I'm not sure that's true. I mean, having a paid signature these days will ensure you receive greater attention from mods here, as well as some users/subs ignoring you altogether; I'm not sure most people would go through it, if the rates weren't worth it - at least, I know I wouldn't. Yes, that is true. Some users might think it is not worth their time. There would be others who think something is better than nothing. Still, I think new signature campaigns look at what the existing campaigns pay, and then accordingly benchmark their rates. |
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Yes, their first point of regulation will be the exchanges.
Which is why exchanges will have a heavy compliance burden.
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If the price stabilizes, there will be an opportunity cost associated with holding bitcoins.
This could prompt people to move out of bitcoins, and get interest on their money from banks.
Of course, if we are able to deposit our BTC holdings with banks and earn interest on that, then there would be no opportunity cost associated with holding bitcoins.
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I believe this thread really is a nice one for those who are middle class and trying to buy at least 1 bitcoin. .
then can be at peace... for their life being secured
If they can wait for another 10 years.... |
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what makes you think zuckerberg does not have a wallet full of million bitcoins!
yes he could be satoshi
Nah.... Satoshi would definitely be an introvert. Plus, if Zuckerberg was really Satoshi, we would have seen facebook - btc integration long back. |
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Somebody needs to go out and buy a pizza or something with BTC.  |
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so you guys think payment is correct? should they pay more? pay less?
Depends on the competition. If there is only one signature campaign, it could get away with paying almost nothing. |
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So everyone likes good investing, but what I'm curious about is, what makes good superior to silver investments? I've heard mixed opinions, where someone says "Gold is a good investment because..." And others say "Silver is a good investment because..."
I own more silver than gold, but I do own both. So which should I focus on?
In case anyone re-enters the good standard, that gold could become very valuable... But silver has the best chance for growth...
So, what's your advice?
Gold or silver? Bitcoin or Litecoin?  |
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That's an interesting idea. A person with 1 million BTC (you know who you are) could perhaps run a script that submits a transaction with a 0.1 BTC fee every 10 minutes. It could subsidize miners for 190 years.
And if BTC value shoots up, even 0.01 BTC might be sufficient to enthuse miners. It could subsidize miners like for ever. |
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My worry is that they will look suspiciously at places where BTC is traded for INR - the exchanges.
This could be their view
Sellers of BTC - Possible money launders
Buyers of BTC - Possible hawala operators
Operators of Exchanges - Possible facilitators of illegal transactions
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I was also thinking the same and Bitcoin ATM is not possible in India unless RBI gives the green signal .
Or there is clarity about the classification of Bitcoin. Think about it - you don't need a green signal from RBI for operating a cola vending machine. |
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Ouch. This thread made me realize my ignorance with respect to operating businesses.
I had no idea about the regulations involved and IEC code.
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Received it. That was quick.  |
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3 people already paid. 97 more spots left.
PM'ed you. |
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Zuckerberg wouldn't want BTC to go up in value. The Winkelwoss twins hold a chunk of it!
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