subvolatil,
Did you attend Global Bitcoin Conference Bangalore?
noops!!! so now are you going to tell us, or is it still hush hush .... |
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Well first i would love to know what you are launching. How is this system any good. what are its advantages. and the big question is it opensource?
Because all i can see this being used for is for money transmitting purpose. correct me if i am wrong.
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I really dont want to speculate much about new coins comming up.
This coin has no properties bitcoin has. and is not in the same league as bitcoin.
Announcing a name and saying it is going to be launched, only makes it viewed as a closed source, premined coin that they will most probably use it as a a money transfer system. nothing to do with currency use.
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How do I list up Krogyan ?  Well i would love to put Krogyan however, it needs to have more details like website a business bank account. right now you come under a individual bitcoin seller and buyer, and i am not listing individual buyers and sellers at this moment. I will list any other services and businesses using bitcoins. Just for future references. www.krogyan.com(under development) Thanks for the update as soon as it is launched and starts trade i will update the list. |
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The site is currently open to only Indian citizens and yes, we will require PAN.We have taken certain measures to protect user details and will keep on improving them. Even if the site is hacked, neither any monetary loss can occur nor PAN details will be compromised.
Security Features(some still to be implemented before the launch)
1.sha1 encryption for passwords
2.encryption for what ever data is transfered
3.ssl keeps data over network secured
4.cookies for maintaining session which is also secured by encryption plus ssl
About Us
Plain hashing is highly insecure for passwords. sha1 is not encryption. The passwords are just begging to be stolen. You have to spend a lot of time learning about security best practices, and you should pause release until then. Please use bcrypt, pkdf2 or scrypt. +1 Agreed |
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How do I list up Krogyan ? Well i would love to put Krogyan however, it needs to have more details like website a business bank account. right now you come under a individual bitcoin seller and buyer, and i am not listing individual buyers and sellers at this moment. I will list any other services and businesses using bitcoins. Doesn't Bitcoin change the need for traditional Business models like website, etc? Would be nice if this could come under the gambit of a Bitcoin Business as well. I can see way way more scope in entrepreneur driven businesses rather than larger entities. Well Benson, What i want to list here are businesses that offer services for bitcoin. that includes individual service providers (entrepreneur ). like i did above. but when it comes to Bitcoin traders there are too many here. Exchanges like the fixed price and Excrow types, that have setup businesses and trade, keeping certain Customer satisfaction and services at par or even higher. this was the only reason i added the two exchanges up there. This list is to encourage existing businesses and new ones to list as bitcoin supporting business and propagate. This is to promote entrepreneurs and grow the bitcoin economy here in india. I have been seeing legendster conduct his trades on the forum, and i think he has big potential to start up his Krogyan exchange. In fact he can start by setting up a simple website have a exchange API list price conversion on it, and start taking orders using a simple order form. start dealing with customers and quarries. I was hoping he would have done so a few months back. |
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How do I list up Krogyan ? Well i would love to put Krogyan however, it needs to have more details like website a business bank account. right now you come under a individual bitcoin seller and buyer, and i am not listing individual buyers and sellers at this moment. I will list any other services and businesses using bitcoins. |
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Hi, I am starting a list of Bitcoin based Businesses/Services in India or serving Indian Consumers. If you have a running business please list it here and i will update the list. Tax Consultant 1.Gupta & Co. Advocate & Chartered Accountants 09654712612 or contactLawyers/Law firms 1. CriTaxCorp - Kanishk Agarwal (Advocate) 999996252, 9971666252 www.critaxcorp.comOnline Store 1. HighKart New online Store with a large number of items for sale. Trend, analysis & Chart Service 1. xchang.in Btc-e charts Real time Exchange 1. igot.com/ - Real time exchange (no API) 2. Btcxindia.com Fixed Rate Exchanges. 1. Buysellbitco.in Fixed rate or pegged rate usually close to Mt.Gox [ Currently Down, not operational ] 2. unocoin.com A fixed price bitcoin trading Exchange, also added merchant service recently. Had integrity issues when starting the business. Escrow Exchanges. 1. INRBTC.com Rates based on Seller and buyer matching. Much closer to an exchange market. prices determined more on supply and demand.[ Currently Down, not operational ] 2. BitQuick.in A new Escrow based Exchange Gift vouchers/Coupon. 1. bitcoinsaresexy.com Flipkart Gift vouchers (new, very little review) (Site still operational and working) Individual Services. 1. Benson Samuel -Bitcoin Dev and Consultant ( Has done work with BTC related sites) 2. ajax3592 Graphic Designing, Image manipulation, Product Photography and Sketching services, (new, very little review) As of now this is the list i have, will update more once i can conform the validity of more businesses. |
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Hello friends... just joined to this great forum today. Found in a news article. I have developed a few twitter apps and wish to use BitCoin as payment method. Hope to get help in the integration process from all of you.
Welcome . You should talk to abishek over at the Indian Bitcoin Community IRC channel . he is developing some thing similar. you two can work together on it. |
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Hello all,
I was at the Bitcoin conference in Las Vegas this week and to tell you guys the truth, I came out of it more confused than I was prior to attending the conference.
What do you see in Bitcoin's future? We have so many Alt coins that it's hard to keep track of all of them. Canada is working on it's own virtual currency, MintChip (backed by government of Canada). I am sure other countries will soon follow suit. Indian developers are working on a decentralized currency, Laxmicoin. With all these coins out there, do you see them all coexisting or all but 2-3 of them are going to be pump and dump?
Curious as to thoughts of the group here.
Thanks!
Well there is nothing much to get confused about. the alt coins you see would actually have to go through the test by fire i.e market trends. the way it is made the the added value it provides. currently alt coins like LTC, PPC and XPM, have a uniqueness to it, but will have to stand the test of time on what is accepted better. There are a few more contenders to this like Quarks (CPU based mining), and Stable coin (Focus of anonymity). which are followed by many clones of the above type of coins. LTC, PPC, Quarks and FTC are primed to be a lesser of what BTC is at this moment, and does provide an advantage over speed of transaction. But what you chose as your alt coin that might make it depends totally on what you feel may make it as a valuable economic success. In the terms of Laxmicoin, the word out there is it is not decentralized and is more of a money transmitting model for INR fiat. which has to be classified differently. P.s - pump and dump is also prevalent with BTC. This is one thing that cant be changed about the nature of a decentrilized currency system till there is proper distribution of wealth in the crypto currency community. |
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O shit i cant stop laughing at the pure idiocracy of this news article. I bet the Journalist was the one who lost that money . Who on earth would be so stupid to take his companies money and put in an exchange. and on top of that put in 2.5 lakhs into bitcoin.
This story is either a complete hoax or the guy is a real moron.. If this guy would have had half the brain he would have come to this forum and told us about it. any one in this forum would have helped.
By the way there are no exchanges market in India, secondly there is no way in hell this person could have transferred 2.5 lakhs out of the country to a foreign exchange. What a crap of bullshit.
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Just edit the subject as [CLOSED]
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Fear mongering reporters who know nothing about how bitcoin works and thinks it can be used only for money laundering. infact it makes money laundering much more harder. A system that records every transaction in the public network. lets see the banks do that. |
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ok channel update made
Starts at 2 PM today. correct? Yup ! 2pm But we already have alot of people come in already. you should hop in too |
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It is not going down to a $100 most it may go down to is about $400.
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First Crash - 32$ to 2$ - mt.gox numbers....1/16th value Second Crash - 260$ - 54$ - mt.gox + btc24 numbers....1/5th value Third Crash - 960$ - approximately 650$.... not fixed yet...just 1/3rd value.....the crash percentages is getting lesser....which is better That is called re-distribution of wealth. If you thought bitcoin was just a way to make money, you are mistaken....I have survived all three crashes and I think, I will still be around for more. There will be many more bubbles before it gets into mass adoption. Use crashes to increase your bitcoin holdings. cheers and have fun. The present crash is nothing compared to the FIRST CRASH. also never invest more than you can lose. have a good day...get used to it........ also regarding china, I am happy, bitcoin scares them. They have crazy capital controls...and bitcoin really proves its disruptive nature there. Agreed with you on this, you make a good point on redistribution of wealth and the other bubble will happen once indian gets a fully functional exchange. and then may be the africian union. who know with bitcoin the skys the limit. |
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This thread is in the wrong section.
This is a market place only for trade.
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Would be nice to know any ideas afloat on curbing the volatility of Bitcoin to FIAT prices.
A global Exchange, High volumes of traders, and stable government acceptance of bitcoin. That has too many variables. There has to be some simpler solution. Something built into Bitcoin, like an exchange logger that does not allow for mass fluctuations. Regardless as to how high it climbs back, this is depressing to watch. Well the only thing that comes to mind is a standardized exchange protocol that all exchanges can us, where in trade of bitcoin can be done between exchanges. This would stabilize prices to a certain extent. but trade between exchanges it self brings up far to many hurdles than solution. well I do not know if its legal.. I am sure exchange can not take part in any kind of trading.. reagrds Well i am talking about trade between exchanges, like a user in exchange A get his purchase from exchange B. the exchange it self does not take part in the trade. But the inter-trading between various exchanges takes place to accommodate the best price for sell and buyer, automatically. Well that can surely help with volatility and manipulation... This in fact really good idea.. But I doubt if any exchange will accept it because than they will not be able to manipulate a lot. Regards This is where Benson suggestion of a protocol built on top of bitcoin makes sense. once it is on bitcoin. there will be services that will open up starting an exchange arround the world these exchanges would be interconnected and the onec that stand alone will eventually loose customer volumes and the newer exchanges will make up a majority. |
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