FU Bro! Please summarize!! TL! DR; Whats there to summarize looks like another BFL |
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This reminds of of a article i read a few days back, of a company introducing a 1000Gh liquid nitrogen cooled mining rig. was about to post that here but can find the link any more. (I should start bookmarking this shit)
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hum... i'm starting to see cobwebs in this post now. *cough, looks into the mirror and sees a dusty skeleton, SHIT !*
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Thank you Benson for clearing that up, you have elegance in your words.
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Hmm, this had to happen sooner or later, huge amounts flowing from everyones (bitcoin) wallets everyday, government has to find a way to stop/regulate it, which will be difficult to block it on the network level, people can use VPN, TOR etc, so they'll start a crack down, one by one, each person caught will reveal more, expose more people involved, few addresses and mobile numbers will reveal a lot :/ Hence the reason I feel they'll do what they usually do, find 1 person and make a example out of that person :/ Not giving a reason to the government is the best solution. Paying and filing proper returns. increase using bitcoins for purchases of goods and services within the country. and adding more people into this would help in convincing the government the benefits of the masses using bitcoins. |
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try to understand, they cannot control bitcoins, so they will prohibit it, declare it illegal, it is very simple. It is what they do always. Any remittance out of courtly is strictly regulated, they will not let this to continue. for example if you want to buy house abroad you can remit 200K usd, not more then that, and it is after subtitling all required documents. Do you think they wil tolerate remittance system which will allow to anyone to remit millions of dollars out of the country without them knowing it. No way!!!
there is no way to regulate bitcoins or control it for them, prohibition is easy. Accounts frozen money seized perfect and correct, government cracked down illicit remittance system.
they will use any pretend, and act, like war on_ter_ror and prohibit it. they will put put it in same basket with hawala.
You raised a good issue here, pinwheel. the government going ahead and baning bitcoins, is the most the government can do, but before that, they will do every thing to stop the conversion of bitcoin to INR and vise-versa. The initial concentration will be through the money laundering act. to hit out on individual and businesses. Which was the reason i posted in the main section about paying taxis properly. [Benson you should pin that so that every one reads it and does start paying taxis on INR part of the bitcoin transactions]. When that wont work they will go after the banks that are working with bitcoin based companies. mainly freezing accounts. then they will go out for the ultimate kicker. world governments coming together and getting global agreement on curtailing the use of bitcoins. or regulating it. The global regulation is the one i'm scared of, it bassically would let you use bitcoins but the rules may require people to register your addresses before use. making unregistered addresses illegal. But that is some thing which wont happen for the next 10- 20 years. |
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yup banks get hacked all the time.
What about that case of $45mill stolen in credit cards from the payment processing company in Bangalore.
Banks have good PR guys covering their asses.
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My bitcoins are on a person rather than a collective.
one man , one idea , one currency .
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i'll buy it, in person. cash in hand .
how many are you selling.
Thanks for the trades and help! I am currently in Mumbai! Always glad to help a fellow traveler. :-) Enjoy the rest of your journey . |
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Hi ,
as i have noticed, that many have now started actively purchasing and selling Bitcoins using your bank accounts. so now i will strongly advise, you to keep records of all transactions occurring in INR , weather it is in cash or online. These are necessary when you file in your returns next year,and the amount you pay for tax. Remember all bank transactions will always go through the RBI before arriving to the destination account so all records are kept. and Tax envision is a serious crime. So please do follow the practice of proper tax payment.
I want all of you to please follow the practice of paying your taxes and following the Tax laws properly. this atleast, will ensure that our little community is law abiding and working towards the progress of a free and decentralized community .
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Hi, not from India here, but you can do it this way: 1. Go to this page. 2. Type "89" into the text box (no quotation marks). 3. Click "Watch Board" 4. Repeat steps 2&3 for the following numbers: 121, 122, 123, 124, 125, 126, 127. Then you can use the Watchlist to get all new posts in the India board. thanks dree12 |
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I think gambling is legal in Sikkim. and one more sate i dont know which one.
you can start a gambling operation from sikkim using bitcoin .
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OK show me a thread of that kind regarding legal disclaimer etc etc, i will just follow those rules.
so basically you want me to hand hold you through this process  icoinv, do you have any registered users/ deposits on the site as yet?
If yes, would they be able to recommend your work? This may work better towards building your reputation.
Hum.... interesting... wonder what this may pan out. lets watch and see. |
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MTG+10%
can you put in a INR amount for this post every thing has a INR amount in this thread , what every you calculation comes up to. |
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Hi guys... Was very busy wid personal, so lost track of btc.
Want to sell 0.7 to 1 btc. Lemme know if anyone z interested. I had sold to axorb, buysellbitco.in earlier if u wanna check for my credibility.
Thanks,
TTBP
Just put the rate at which you want to sell your BTC i will update it on the main post, any one feels like it is reasonable will contact you . |
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As far as bounty goes, as i said there is a wallet with my own BTC inside it.
Legal action?? I can assure anyone NOT for time being.
Lets continue the thread.
Hum.. guess no one is gona be willing to help you out on this. (-1) for lack of effort. if you think someone is gona come over to this thread and announce that they will do a pen test for your website without you giving any type of legal disclaimer. you are sadly mistaken. you efforts to entrap people would not really work . Why do you always respond to thing making it more suspicious and harder to trust you . your comments "I can assure anyone NOT for time being. " makes you look highly untrustworthy. |
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Good initiative, i will suggest you to start a new post with a bounty, and a legal disclaimer absolving the testers of legal action.
Its a good step you have taken
+1
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