And what's with punishing people using bitcoin!
I know, right? The RBI announcement stated that using Bitcoin is not illegal, but people should be careful while using them. It is probably a false rumor.
Although I don't know why these newspapers publish things they are not sure about. Creating false info is bad for business.
Got a call from two of my regular buyers asking about this and they seemed worried.
Not going to believe anything until it comes from the RBI.
I am sick and tired of the nonsense these newspapers try to pull off just for the sake of publicity. Give them freedom of press and they abuse it.
If it is indeed true then its a bad thing for all the bitcoin startups, exchanges and individual traders like me.
Maybe Benson can elaborate on this if he reads this.
I wouldn't have really cared if it was a blog post or something like that. I started the thread because it was posted in Hindustan Times. I agree. I'm not believing this till RBI comes out with a statement. Many things have been declared pretty much illegal according to indian law. However, given the state of corruption in all levels of the government and even among the locals. Add to the fact that a good bitcoin holder with the relevant knowledge would be pretty hard to find, how do you supposed it will even be enforced if it is banned? Haha
It's not about Bitcoin being banned. It can't be. But the effect this decision would have on Bitcoin start-ups & traders. |
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Just saw this article somewhere. Not sure about the legitimacy of the same. What are your views on it:  |
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I only have around 3 of the silvers left at the moment. I do have a "Prototype" set with only one-sided plating. Sent you a PM. 
Well you posted on right place
Cryptoheadd made some in 2-3 platings
I own some of them too
They look very pretty and shiny
You should pm him and he'll surely get you some
Thanks |
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Stupid question : do we have to give our private key to the app ?
We are only adding public address to the app, with the NFC we can chose on which one we receive.
And if we use the QR, it automatically go to the main one.
correct ?
If so, looks good !!
Hey Guigui371, We won't ask you for your private key as it would be a security concern for you. Like you said, you'll only be adding public addresses to the card which would be accessible through the NFC tag. The primary address that you select would be on the QR code. Hope this helps. Thanks for your kind words. |
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Thank you so much. I am most pleased with my card!
~snip
Thanks a lot for the image. Glad you like the card. |
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Apart from that they are also stealing from payout as transaction fee, the said payout is lesser than what it suppose to be. Payout transaction fee is low like hell that their transactions are taking 3-4 days to confirm. This is their another source of income.
By that manual process they already stopped people who invested .5 and .1 BTC contracts to get their payouts because the withdrawal request can't be made lesser than .05 BTC. Its all about that they don't want to pay the people.
Exactly. They've also already started stealing funds. If the Coinbank team processes withdrawals manually, the Bitcoins should not be lost if the user looses the backup phrase. Makes no sense to me at all. I've read more than 3 instances of the Coinbank team telling their users have their BTC because they didn't write down the backup phrase. What a load of BS. If you loose your backup phrase or misspellings the same. You will lost your valuable Bitcoin. No system for get back of your Bitcoin. My friend lost 1.5 BTC
Do we have enough evidence to file an FIR? |
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By going through some of the comments on the Play store, I see that they process manual withdrawals but also have a 12 character private key. If you loose your backup phrase or misspellings the same. You will lost your valuable Bitcoin. No system for get back of your Bitcoin. My friend lost 1.5 BTC *****PLEASE TEAM OPPOSE THE MANUAL WITHDRAWAL PROCESS***** This is something we do not want as we have invested our BTC with multiple accounts and now OUR BTC STUCK WITH GB. Other Programs do auto withdrawal only and with the wallet they want. ONLY GB IS FORCING FOR COIN BANK WHICH TAKES HELL LOT OF TIME FOR TRANSACTION TO BE COMPLETE. THERE IS NO PHONE NUMBER AVAILABLE OF SUPPORT TEAM AND WE HAVE TO WAIT WAIT AND WAIT FOR TRANSACTION TO BE CONFIRMED HERE. I am so pissed with this app as other mention with Check here: https://play.google.com/store/apps/details?id=info.coinbank.wallet&hl=en
What I don't understand is, if they have access to the Bitcoins, what's the point of the private key? And if that really is a private key, it would be a good experiment to try to import it in some other application to see if the funds are still there. Because it seems that the wallets are not really on-chain wallets and the private key is just a sham to look legit. Would be worth a try. If it does work, it would be easier for users to withdraw their funds then.
Looking through the comments, it also seems like they are charging a high fee for withdrawals, but not paying it to the miners as the tx doesn't get confirmed for 3-4 days. Can anyone here share their experience with Amit's shit application? |
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Nice!
These look awesome!
Can you share a little bit about the dolls?
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Hear, hear..
Always double triple check who you are working with, check for a recently changed password, ask them to sign a staked address if in doubt, heed that PM newb warning..
Scammers are professionals, some, and have a thousand tricks up their sleeves.. I think I saw a killyou73 floating around somewhere also..
Killyou73 is a legit alt account of Killyou72. I think he created that because he was locked out of his account. |
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Wow... Congrats on getting the site up and running. Looks great. Might have to get another one of these great cards!!  thanks Thank you, MJ. It's about time to see the website of yours Op, congrats!  Looking good, easy to navigate, still i would like to see the upper line/bar (Language, Sign In, Checkout etc), to be a little more distinct. Bigger letters maybe, different color? Btw, i am looking forward to order again and use the promo code...  Thanks, Josephdd1. Took longer than I anticipated. I'll definitely increase the font size of the top bar. Thanks a lot for pointing it out. Congrats ! This looks great. Looking forward to getting my card
Thanks BTC_enigma. Wouldn't have been possible without you. |
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I've a couple of CoinsBank Bitcoin Cards and they work pretty well in India. I've used them at some ATM, restaurants etc to pay for stuff. Works like a charm.
Tried paying with it on Flipkart, didn't work.. I'd be interested knowing some alternatives for this as well.
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Our website is live: http://getqrypto.comUse the coupon code "WELCOME15" to get 15% off on your first order. |
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They must have made this claim when there was less number of withdrawal request at their exchange and now with increasing number of users,their withdrawal request must have increased as well.
They should now make it automated.
I don't think they should've made this claim at all. Because it's not feasible at all. There's no way to automate Fiat deposits & withdrawals at the moment. They have to be processed manually. |
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AlitinMint said: "we will offer this refund until April 5, 2017. After this date, and due to the price volatility of Bitcoin, we simply cannot be sure we will have the funds necessary to refund stolen BTC. "
Really? You're at fault and you set a very short window to claim. There are probably only 4-5 people who have claimed at this point. That's ridiculous! I agree. If you're concerned about the volatility of Bitcoin, set a $$ rate for them that you can afford to pay. If people claim their Bitcoins after 4th, just pay them the $$ value in Bitcoin. |
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Maybe they process withdrawal/deposit manually and this could possibly the reason.
Yes, it probably is. All the fiat deposits and withdrawals are manual in all exchanges. Bitxoxo shouldn't have claimed to complete withdrawals in 30 mins. Not really feasible. |
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Trustworthiness and poor service are two different things.If your service is poor and not according to industry standards,nobody is going to use it no matter how trustworthy and big name you may have.I hope such technical glitches and bugs should be fixed on priority basis
I agree.
Well it could be seen this way as well like if you become trustworthy which is the first thing for any business to be grown. And if you are trustworthy then automatically you will ensure that things are in pipeline and best and fast service is provided to customers so that they do not go to other competitors.
Here it is one of the case itself and also we haven't heard yet other side of the story from Bitxoxo that due to which the payment was delayed. So let us wait for their comment.
What he said. ^^ |
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I can get custom merchandise printed for you at cost effective prices.
What all do you need?
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This govt and banks backed by govt are scaling new height of harassment and exploitation. Could you imagine what this means to the traders and farmers, people from rural India. These moves on curbing cash transactions will backfire. People will tend to keep less money in banks.
I agree. This will eventually backfire as people will definitely prefer keeping cash instead of depositing them in their accounts. I think our government agrees with us too. Check this out: http://www.livemint.com/Industry/l117UuuhjEbjSXTSKmK4oO/Govt-asks-SBI-to-reconsider-cash-withdrawal-charges-minimum.html
I personally think that they'll just add "exceptions" to these charges for people from rural areas, but probably not traders. |
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