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1  Local / India / What will you do if crypto is declared illegal in India ? on: November 02, 2018, 02:46:26 PM
I knowingly didn't ask What will you do if crypto is banned in India ? as many of us who are here know Crypto is unstoppable and can't be banned.

So I asked whats your plan just in case crypto is banned ?

If you ask me, I would say I am going HODL my crypto no matter what for the below reasons.

1 - I feel like investing something in the future
2 - I only have invested that much which I am ready to loose
3 - I believe crypto is more powerful and if made illegal today has to be declared legal someday.
4 - There are many developed country where its legal and traded freely, I can get it exchanged anytime if I visit.
5 - In case I can't visit I can always get it exchanged as Indians are everywhere, after all Its my hard earned money. Not earned by doing corruption  Wink

Next ... If you want to become completely Anonymous and remove all trace of your existence, Then its very simple

1 - I will convert all my BTC and other coins to some privacy crypto like HoriZen or ZCash (as I have already used them)  
2 - Then I will use shielded transaction to send to to another shielded address, Thereby making it untraceable
3 - Convert HoriZen back to BTC using Decentralized exchange  
4 - From the Decentralized exchange I will send BTC to a new BTC address.

Thus making myself completely anonymous  Cool  Shocked

This is an imaginary topic. Crypto as of today is not illegal to hold in INDIA, but do share your thoughts / plan might be helpful for someone Cheesy
2  Local / India / Bitcoin ATM seized in India - A step back from becoming developed country on: October 24, 2018, 04:52:34 AM
Looks like our country India hardly learn from their experiences.

Although citizens of the country are mostly aware of the power of blockchain and crypto the leader of the country are putting chains on them by not embracing it.

Let me say blockchain became popular only because of Bitcoin & altcoins. Crypto showed the world how powerful this newbie can be. Blockchain without crypto is just another decentralized database which existed from very beginning.

It's really sad to know when there are a lot of ATM's in developed country like USA there was a single ATM in such a vast country like India. The worst part is this single ATM was also seized.

Link : https://m.timesofindia.com/business/india-business/bengaluru-first-bitcoin-atm-seized/amp_articleshow/66340399.cms

Let me know your thoughts below.
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