Abe yaar 26th Jan. Changed to 25th
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Today, these farmers have bank account with a debit card and everyone holds a mobile phone (a basic one).
1. Can something be worked out of this or do you thing the additional device (be it a simple android device) is essential .
@benson Most of them do not engage in on-line banking, they use banks to get paid, ATMs to withdraw and Paper cash to spend. And Banking regulations don't seem to affect farmers much. I think the idea of a "community center" will lead to something similar to a co-operative bank.
Well for a more permanent solution would be a low power ARM power compute may be a pi, it would cost the co-operative less than Rs 5,000/ . it would be safer that way, or alternatively an android device would give the cooperative mobility while doing sales. a device connected to a network is essential, for doing transaction. for storing BTC they dont need to be on the network. I for one cant see any other way of doing this .
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Today I met with a head of a Organic farming co-operative initiative in Tamil Nadu and was trying to see how bitcoins can fit into the picture.
I was focused on two things 1. To encourage distribution of bitcoins 2. To encourage people transact with bitcoins
So I asked them if they could issue a very small portion of the profit (say 0.5%) as bitcoins? They were willing to experiment.
As I was discussing how money can easily be transferred across wallets. The fundamental question was 1. Most of the people in villages do not have access to internet or smart phones. So how are these people going to hold or transact in bitcoins?
So are bitcoins only for literates with a understanding of technology and who hold sophisticated gadgets ?
Well the question about technology is a big one. the bitcoin network requires transaction to be verified, making offline transaction using paper wallets not viable. even if these private key wallets are issued by a Certifying Agency, forgery becomes a problem. the short answer is that the farmer will require a device with an internet connection. not a sophisticated gadget but a simple android device or an atom/arm computer. a co-operative can use this as their main source of transaction, as this does not come down to an individual farmer. But rather the wholesale of goods to the market or individual buyers through delivery or pickups.
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further digging gives this as their address (080) 26616548 No.223, 2nd Floor, Near Davangere Benne Dosa Hotel, 4th Main, 3rd Cross, Chamarajpet, Bangalore - 560018 this as their blog http://igotinc.blogspot.in/From various job posting on the internet it looks like a data entry company. but all communication ends on March of 2013. after that it goes dark and then this site is updated on December 2013.
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Just found this https://www.igot.com/They have INR listed as well. Quite interesting if anyone here knows about it or tried it. The site has no address to contact, has no telephone support. Even in help, if try to search, it doesn't allow any thing to enter & refreshes page. very fishy site. I agree 1 the site, does not have any reference in the forum, there is no announcement made, have to keep an eye on this and recommend it not be used for now.
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http://www.naavi.org/wp/?p=2213P.S: Naavi is not a member of Bitcoin Alliance as has been wrongly reported by The Hindu in one of the recent reports. http://www.bitcoinalliance.in/?page_id=6Individual Membership: Vikram Nikkam (Bangalore) Sathvik V (Bangalore) Rajath V (Bangalore) Harish B V (Bangalore) Amith Nirgunarthy (Bangalore) Vijayashankar Na (Bangalore) Nathasha Ambrose (Bangalore) Anand Rajendran (Coimbatore) Vishal G (Mumbai) Anonymous-01 (Bangalore) Hmmm, probably a typo or mistake. Or maybe Naavi joined after the 5th. Vijayashankar Na at January 8, 2014 8:56 am wrote: I have requested the website to remove my name. I was not wrong after all. Second fake testimonial. These boys make a load of typos. LOL !!! this is just wrong. or may be there is another guy with the same name
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none of you going to say what a crap job the writer did on the research of bitcoins there was only ever 21 mil bitcoins right now each one is worth £450 and is only going to go up but by the price of today all them non rich people had 4,999 BTC thats £2249550 to pay for the inplants every 30 days @subvolatil they never indicate the amount to = $ in fact they say they are bitcoins and there are 4,999 bitcoins on there
i was talking about the Simpsons episode.
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Is there any investigation on the people who had sent in their KYC previously? Is this a honeypot for officials?
Would be good to protect customers as well with some of these doubts cleared before reopening.
This exchange can do a better job. www.bitquick.in
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http://www.naavi.org/wp/?p=2213P.S: Naavi is not a member of Bitcoin Alliance as has been wrongly reported by The Hindu in one of the recent reports. http://www.bitcoinalliance.in/?page_id=6Individual Membership: Vikram Nikkam (Bangalore) Sathvik V (Bangalore) Rajath V (Bangalore) Harish B V (Bangalore) Amith Nirgunarthy (Bangalore) Vijayashankar Na (Bangalore) Nathasha Ambrose (Bangalore) Anand Rajendran (Coimbatore) Vishal G (Mumbai) Anonymous-01 (Bangalore) Hmmm, probably a typo or mistake. Or maybe Naavi joined after the 5th. Well they dont represent the bicoin community any ways, They dont want to be part of community discussions, they have never contributed any thing to the community and half of them are not even entrepreneurs. The coinmonk and unocoin have never done business with any of the bitcoin community, they have only opened a company and a website, that accounts to nothing at all. Their business practice are questionable and frankly speaking this is a classic dick move to fanning the press to get publicity and con the general public. this quote makes me think alot, seems awfully timed Typical Indian way of dealing with competition. First they got their rival arrested. And now they are officially launching their service.
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nice . Can i get a copy of that txt if you still have it would love to see what it is does. maybe they left some thing to connect to them.
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Also met someone who wants to bring ATM's to India. They cost anywhere from 10 - 20K USD. Its worth talking and getting it setup. Go for it.
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The report says that 'The alliance is a newly- formed body with around 10 traders as members', who are the part of this group?
Idiots who are not part of the bitcoin community and has no baring about opensource community . those guys are doing it for them self, not a bitcoin community.
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Forgot to mention what these guys did earlier ; Has Coinmonk kicked off their site?
yeah, check out http://unocoin.com/I tried to register, but no mail was sent to me. Looks like coin monk is Falsely advertising Benson Samuel name to make a buck. What a bunch of scam artist. Would not trust them . Lemme talk to em first.. I just had to do this. Regardless if they were just doing a trial. Putting up a testimonial without that person actually a being able to signup for that service. Its cold. Way to cold.
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and by the way stop using sock puppet accounts i can see you have been flooding the forums with your crap . even on reddit is the same words.
Either be a part of the community or stay the hell out . this type of unethical crap wont work.
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Well still would not use that service. Those guys just dont know what business ethics are.
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Any one know any new businesses starting up in india? Coinsecure will be providing free chat and phone support across India for anyone who wants to know about Bitcoin. Trying to launch it this week. I would suggest adding a bit of cryptoparty and cypherpunk's too I think CIS does the Cryptoparties in India Any one can do it . even you can do it, during your bitcoin meetups. Hum... that gives me an idea... a bitcoin/cryptoparty meetup.
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Any one know any new businesses starting up in india? Coinsecure will be providing free chat and phone support across India for anyone who wants to know about Bitcoin. Trying to launch it this week. I would suggest adding a bit of cryptoparty and cypherpunk's too
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Any one know any new businesses starting up in india?
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Any possibility to keep this on the following weekend? That is 30-31? I'd be interested in attending.
We have regular IRC meetups that happen almost weekly you can attend those on the IRC.
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