[2013-12-24] RBI warns India

[BTCIndia]

We're going back to the age of Bank Notes where one bank note used to compete with another note. Welcome to age of branded currency and I think rather than accepting another brand we must create our own brand.

There is a lot of logic and sense here.

What about logic's in other arguments? Are they without warrant? I was expecting some enlightenment from Bitcoin community for my pre-mature thoughts. 

[BTCIndia]

We're going back to the age of Bank Notes where one bank note used to compete with another note. Welcome to age of branded currency and I think rather than accepting another brand we must create our own brand.

There is a lot of logic and sense here.

Thanks! I always try to be logical. I'd like you to comment on logic's I gave while defending my signature- Resting Bitcoin for fools!
Look forward to your comment, sir.  

P.S: I'm resting Bitcoin in India, not world. I'm resisting Bitcoin not crypto-currencies in India.

[BurtW]

We're going back to the age of Bank Notes where one bank note used to compete with another note. Welcome to age of branded currency and I think rather than accepting another brand we must create our own brand.

There is a lot of logic and sense here.

What about logic's in other arguments? Are they without warrant? I was expecting some enlightenment from Bitcoin community for my pre-mature thoughts. 

I think your last statement "we must create our own" pretty much sumarizes all of your points.  And, given this basic idea of creating your own "IndiaCoin", all of your other points make sense.

If you want to you can outline what differences you would like to see in an IndiaCoin, or do you think it would just be an exact copy of Bitcoin?

Best of luck to you!

[BTCIndia]

We're going back to the age of Bank Notes where one bank note used to compete with another note. Welcome to age of branded currency and I think rather than accepting another brand we must create our own brand.

There is a lot of logic and sense here.

What about logic's in other arguments? Are they without warrant? I was expecting some enlightenment from Bitcoin community for my pre-mature thoughts. 

I think your last statement "we must create our own" pretty much sumarizes all of your points.  And, given this basic idea of creating your own "IndiaCoin", all of your other points make sense.

If you want to you can outline what differences you would like to see in an IndiaCoin, or do you think it would just be an exact copy of Bitcoin?

Best of luck to you!

Thanks for giving me confidence! Thanks a lot! I'm no developer though.  Sad

[marcus_of_augustus]

Sounds like India has just doomed itself to being a Bitcoin backwater ... not surprising given the extent of deranged socialist statism rampant in that place.

[BurtW]

BTCIndia is not all India.  If he wants to create yet another alt coin then more power to him.  I expect once Bitcoin becomes more stable the people of India will start buying BTC.