[2014-06-18] Growing interest in Bitcoins: Time for India to welcome it as "curr

[ganabb]

http://economictimes.indiatimes.com/opinion/guest-writer/growing-interest-in-bitcoins-time-for-india-to-welcome-it-as-currency/articleshow/36729020.cms

Bitcoins are computer files, similar to doc or jpeg files. They are generated mathematically using computers by executing difficult number-crunching tasks. A pseudonymous hacker calling himself Satoshi Nakamoto is said to have created Bitcoins with the idea that such a digital currency would eliminate the third party (such as a bank or financial institution), thereby reducing the costs incurred in the transaction.
 

[bryant.coleman]

The previous government was hostile to the Bitcoins. I hope that the current Indian government recognizes the importance and benefits of the bitcoins and other forms of crypto-currency. They have been in office for less than a month, so too early to pass a judgement on them. BTW.... I am seeing a large increase in the number of Indian users who are active in Localbitcoins. 

[Chef Ramsay]

Good to hear and just in time to help w/ the impending summer rally. The months ahead are going to be fun times indeed.