Dont worry ;-) its nothing. |
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so its safe to keep it as btc rather than converting to inr right?
The regulation in conversion i am talking about is the normal tax that you pay when you get money from any place. For bitcoin it is usually short term Capital gain Tax. Which i expect every Indian Bitcoiner to pay. (Follow the laws of the land) But for businesses i would say it may come under some other classification, a chat with your CA it advisable here. |
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I'll be interested for a Bitcoin meetup at Kolkata
let me organize one for you guys . will have a few people also over the phone talking about various thing regarding bitcoin. a small group can get together and have a meeting just to star thing off. How about a meet at South City or Hiland Park ? Just informal face to face introduction before the new year  Ok let get the ball rolling. |
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I think we can unpin this now.
To many topics pinned on the main page.
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hi benson
i am planning to integrate bitcoins as a mode of payment on my website via bitpay.i would like to know what are the regulations which i have to follow ?
You can accept bitcoin in your website, the press relese was a general public warning on dangers to bitcoin. now a ruling on the legality of bitcoin. Short answer yes it is legal to accept bitcoin. There are no regulation regarding bitcoin. however the regulation does apply once you convert your bitcoin into INR |
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Hey Nilam,
Will help if you could clear up the problems with rbitco.in
It is hurting the community when funds go missing. Another chap from Italy who has been complaining on Facebook now.
Best wishes,
Benson Had sent that 5 days ago. I assume that he is either fixing the problem or settling and closing down the site. Nilam Doctor is no good for the community. as far as i can see he can keep licking the foundations ass and act a freaking scammer. |
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does any one have any update if that Salon got any payments in bitcoin or not ??
Possible. Who knows, at those prices they may even offer happy endings after a massage Lol the happy ending massage. epic |
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subvolatil suggested: simple thing to do is to have every user filling the form to also add their btc address.
It is not possible to ask user to give their address in fill up form. I don't want to make them suspicious, by asking private information and wallet information at same time. This is not working for me!
a btc address is not private information. |
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Nakamoto has somehow managed to make people sign up form with details. All he knows is those details that are send by user(Name, sex and age + IP). He neither knows their wallet number nor any other detail. What he wishes is- when a person sends 1 Bitcoin to his wallet, his database automatically updates so that he knows that Aman send 1 Bitcoin from that wallet, Bobby send 1 Bitcoin.. and blah blah blah. He wishes his database(Name, age, sex) to be automatically update with users wallet details. Is it possible? I do believe that what you are looking for is a callback that talks to your database and makes an entry into the relevant database and then assigns a payto address as mentioned by buysellbitco.in. This will help you get close to A man In the event that a callback is not passed and no unique address was generated, then there are ways to sniff the IP of incoming transactions from the other node, but to get the exact IP, you need to be the first to receive broadcast of the trx. This is not possible. Unless you have a layer around the node that is sending. If you can build a layer there, then IP matching should not be a problem at all. Well i think what he asked is multiple transaction sent to one address at the same time . Tracking the addresses and identifying the user is what i think he wanted to find. simple thing to do is to have every user filling the form to also add their btc address. By the way Benson how are you proposing to find the IP. i did not quite get that. By surrounding all nodes on the network and tracking where the coin was first sent from  That is impossible to do you would need to log each and every node and keep track of every new nodes that come into the network. How can that be done ? |
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Nakamoto has somehow managed to make people sign up form with details. All he knows is those details that are send by user(Name, sex and age + IP). He neither knows their wallet number nor any other detail. What he wishes is- when a person sends 1 Bitcoin to his wallet, his database automatically updates so that he knows that Aman send 1 Bitcoin from that wallet, Bobby send 1 Bitcoin.. and blah blah blah. He wishes his database(Name, age, sex) to be automatically update with users wallet details. Is it possible? I do believe that what you are looking for is a callback that talks to your database and makes an entry into the relevant database and then assigns a payto address as mentioned by buysellbitco.in. This will help you get close to A man In the event that a callback is not passed and no unique address was generated, then there are ways to sniff the IP of incoming transactions from the other node, but to get the exact IP, you need to be the first to receive broadcast of the trx. This is not possible. Unless you have a layer around the node that is sending. If you can build a layer there, then IP matching should not be a problem at all. Well i think what he asked is multiple transaction sent to one address at the same time . Tracking the addresses and identifying the user is what i think he wanted to find. simple thing to do is to have every user filling the form to also add their btc address. By the way Benson how are you proposing to find the IP. i did not quite get that. |
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Bitcoin does not fall under currency, security, derivative or pre-paid instrument under the definitions of the current regulatory regime.
This means that absolutely anyone apart from NGO's who are guarded by the FCRA can accept Bitcoins for services/ goods and consider it as barter.
The problems lie in certain types of barter, ie, Illegal stuff, etc.
When the barters happen, they will more likely catch the eye of SEBI rather than the RBI, as most of Bitcoin is not in the scope of the RBI.
What the RBI can do is to issue large warnings and keep people's larger interests in mind. They also have the ability to adopt Bitcoin and start their own Exchanges, Trade points, Collection methods, etc..
People need to get more and more educated about the technology before it can actually make an impact.
Warnings from the government is some thing i welcome. Warnings keeps the total idiots out. Regarding the RBI adopting Bitcoin and starting an exchange would give a legitimacy to bitcoin and giving the Legal INR less value. there for they will not do that. |
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does any one have any update if that Salon got any payments in bitcoin or not ??
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I'll be interested for a Bitcoin meetup at Kolkata
let me organize one for you guys . will have a few people also over the phone talking about various thing regarding bitcoin. a small group can get together and have a meeting just to star thing off. |
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Firstly i dont know who you asked this question to but he should have been able to answer this question if he know jut a little about how bitcoin works.
Answer:--
Bitcoin uses the public ledger system to keep track of every transaction down to the last Satoshi.
the receiver would need to get the public address of the user when filling the form. the ip address would not be be seen by the receiver from the bitcoin transaction, ckz it p2p.
there are are ways to track the users of a specific address by doing comparative analysis of the ip logs and the transaction on the blockchain.
but the simplest way to do this is by having the user jut add the public address on the form.
the other was is to use a browser cookie to track the user and have a varying amount added to the bitcoin transaction. the amount being unique to other transaction would revel the users public address.
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I dont understand why they are calling it a currency !!! Bitcoin is more like an asset, I guess.
noops it is not an asset . |
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Just had the SSL certi approved..will install it 2day or latest by 2morow. On being told that the passwords would easily be stolen by hackers I had contacted a web security providing company. They have seen the code and "could not find any loop holes".
I dont think he is concerned with the loop holes on the website at the moment. Security of a website can be compromised even with a simple 0 day. or even a sql injection attack . the problem here is that you dont have a contingency plan regarding security breach, what if your password file gets stolen, you have only hashed you password with a SHA1 hash, which can be broken using a rainbow table easily. SHA1 and MD5 is not recommended any more. you can use scrypt hash, or if you dont want to atleast Salt your hashes. Remember an unsalted hash is like passwords without cloths. By the way what type of pentest did the company you talked about do? |
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Hi,
I am going to start helping out with meetups in various cities and towns in India. Will help guide people to do the meetups and also try to get video conferencing by bitcoin experts in places where people are just starting out with bitcoins.
Will try to organize atleast one new meetup every month. In a new city or town.
An IRC meetup will also start online for every one to join in, this may be once in a week or twice in a week. (or if you like it hang out there 24/7, its up to you)
Will start the first announcement of the national Meetup on 31st December. with new location and venue.
Meetup will cover mostly the technical aspect of Bitcoin, its network the bitcoin code, mining, Information security, and Opensource Technology.
investment and speculation talk can be better kept on the IRC as that platform provides better information.
If you want to start a meetup, and dont know where to start with, or you yourself is a noob, and require experienced bitcoiners to guide you then just pm me i will get that arranged and we can all participate in it.
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You know what will drive crypto usage in India?
Build a REAL human POW based coin.
Who is going to do it now?
lol. heheh . |
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