mynameisdon (OP)
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Merit: 250
i am don(ripper's big daddy).i clean scammers.
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April 28, 2016, 04:10:08 AM |
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Why is govt. Silent on bitcoin? Haven't they heard about it before? Or they are ignoring it? If govt. Thinks bitcoin is illegal in India, then they would have taken any action already. Or maybe they are waiting for the bell to ring?
what's your opinion?
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IIIIIHIIIII
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April 28, 2016, 04:39:54 AM |
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They are not silent on Bitcoin. They have talked about it in past in what we can say a positive way. However law stuff surrounding Bitcoin is not clear yet. Its not illegal though so its legal  |
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btvGainer
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Activity: 854
Merit: 1000
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April 28, 2016, 09:57:58 PM |
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Why is govt. Silent on bitcoin? Haven't they heard about it before? Or they are ignoring it? If govt. Thinks bitcoin is illegal in India, then they would have taken any action already. Or maybe they are waiting for the bell to ring?
what's your opinion?
Reserve Bank of India has made it clear that they have no plan to regulate bitcoin but they haven't declared it illegal either.Rbi governor has on one occasion appreciated blockchain http://www.timesofindia.com/tech/tech-news/Tech-behind-bitcoin-can-help-checkcounterfeiting-RBI/articleshow/50329014.cms Hope more positive vibes will come out and bitcoin will be given recognition |
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bitcoinisfurture
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April 29, 2016, 05:16:51 AM |
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I think policy makers are trying to understand how much can it be useful and its sustainability and stability in the future. In short term they can't decide and then take a u-turn suddenly if they are not comfortable. Also due to misuse of bitcoin is also one of the biggest factor that they will be worrying about.
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btvGainer
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April 29, 2016, 11:10:15 AM |
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I think policy makers are trying to understand how much can it be useful and its sustainability and stability in the future. In short term they can't decide and then take a u-turn suddenly if they are not comfortable. Also due to misuse of bitcoin is also one of the biggest factor that they will be worrying about.
Given the Indian politicians attitude,I can assure you we would be the last nation to regulate bitcoin. Bitcoin is a currency and like fiat it can be used for good or bad purpose.It doesn't make bitcoin bad itself |
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dashingriddler
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April 30, 2016, 03:51:04 AM |
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I think policy makers are trying to understand how much can it be useful and its sustainability and stability in the future. In short term they can't decide and then take a u-turn suddenly if they are not comfortable. Also due to misuse of bitcoin is also one of the biggest factor that they will be worrying about.
Given the Indian politicians attitude,I can assure you we would be the last nation to regulate bitcoin. Bitcoin is a currency and like fiat it can be used for good or bad purpose.It doesn't make bitcoin bad itself I second your opinion. A very long road ahead. |
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Pkzone
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Activity: 154
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I2VPN Lead developer.Antidote to 3-letter agencies
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April 30, 2016, 10:54:49 AM
Last edit: May 01, 2016, 05:45:14 AM by Pkzone |
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Bitcoin is decentralized and it doesn't need the crackdowns of government to destroy the entire usage of Bitcoin in India.
However, government can regulate the protocol and you might need to get around this using techniques like Tor or I2P.
Bitcoin is NOT fungible and is trackable which also gives that a second con. It's all a public ledger, if you don't shuffle the coins (AKA: Tumble) a government blockchain analyze can track you down easily.
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btvGainer
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Activity: 854
Merit: 1000
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April 30, 2016, 10:17:07 PM |
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Bitcoin is decentralized and it doesn't need the crackdowns of government to destroy the entire usage of Bitcoin in India.
However, government can regulate the protocol and you might need to get around this using techniques like Tor or I2P.
Bitcoin is fungible and trackable which also gives that a second con. It's all a public ledger, if you don't shuffle the coins (AKA: Tumble) a government blockchain analyze can track you down easily.
Is it really easy to find out someone by bitcoin analyzing?I think it is not and unless it involves huge amount,no government will care to crack it.The real problem will come when bitcoin is converted into fiat.It can then be traced |
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Pkzone
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Activity: 154
Merit: 100
I2VPN Lead developer.Antidote to 3-letter agencies
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May 01, 2016, 05:42:15 AM |
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Bitcoin is decentralized and it doesn't need the crackdowns of government to destroy the entire usage of Bitcoin in India.
However, government can regulate the protocol and you might need to get around this using techniques like Tor or I2P.
Bitcoin is fungible and trackable which also gives that a second con. It's all a public ledger, if you don't shuffle the coins (AKA: Tumble) a government blockchain analyze can track you down easily.
Is it really easy to find out someone by bitcoin analyzing?I think it is not and unless it involves huge amount,no government will care to crack it.The real problem will come when bitcoin is converted into fiat.It can then be traced It's really easy, yes it's really easy. I can make a algorithm in 5 hours that can track the source (miner) to the fiat converter easily. |
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polynesia
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Activity: 1358
Merit: 1000
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May 03, 2016, 12:51:59 AM |
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I think policy makers are trying to understand how much can it be useful and its sustainability and stability in the future. In short term they can't decide and then take a u-turn suddenly if they are not comfortable. Also due to misuse of bitcoin is also one of the biggest factor that they will be worrying about.
Given the Indian politicians attitude,I can assure you we would be the last nation to regulate bitcoin. Bitcoin is a currency and like fiat it can be used for good or bad purpose.It doesn't make bitcoin bad itself If politicians see the benefits of bitcoin, they will just let it stay unregulated. Bribe taking will move from cash to bitcoins.  |
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btvGainer
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Activity: 854
Merit: 1000
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May 04, 2016, 09:59:39 AM |
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Bitcoin is decentralized and it doesn't need the crackdowns of government to destroy the entire usage of Bitcoin in India.
However, government can regulate the protocol and you might need to get around this using techniques like Tor or I2P.
Bitcoin is fungible and trackable which also gives that a second con. It's all a public ledger, if you don't shuffle the coins (AKA: Tumble) a government blockchain analyze can track you down easily.
Is it really easy to find out someone by bitcoin analyzing?I think it is not and unless it involves huge amount,no government will care to crack it.The real problem will come when bitcoin is converted into fiat.It can then be traced It's really easy, yes it's really easy. I can make a algorithm in 5 hours that can track the source (miner) to the fiat converter easily. I also said that it can be traced if it is converted into fiat.What if it is kept in online wallet? What if someone uses mixer,will it still be that easy? |
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cryptoheadd
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May 04, 2016, 10:25:31 AM |
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I think policy makers are trying to understand how much can it be useful and its sustainability and stability in the future. In short term they can't decide and then take a u-turn suddenly if they are not comfortable. Also due to misuse of bitcoin is also one of the biggest factor that they will be worrying about.
Given the Indian politicians attitude,I can assure you we would be the last nation to regulate bitcoin. Bitcoin is a currency and like fiat it can be used for good or bad purpose.It doesn't make bitcoin bad itself If politicians see the benefits of bitcoin, they will just let it stay unregulated. Bribe taking will move from cash to bitcoins. True. But then, eventually, this would be the reason for regulation or maybe even banning of Bitcoin. |
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Pkzone
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Activity: 154
Merit: 100
I2VPN Lead developer.Antidote to 3-letter agencies
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May 05, 2016, 09:10:09 AM |
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Bitcoin is decentralized and it doesn't need the crackdowns of government to destroy the entire usage of Bitcoin in India.
However, government can regulate the protocol and you might need to get around this using techniques like Tor or I2P.
Bitcoin is fungible and trackable which also gives that a second con. It's all a public ledger, if you don't shuffle the coins (AKA: Tumble) a government blockchain analyze can track you down easily.
Is it really easy to find out someone by bitcoin analyzing?I think it is not and unless it involves huge amount,no government will care to crack it.The real problem will come when bitcoin is converted into fiat.It can then be traced It's really easy, yes it's really easy. I can make a algorithm in 5 hours that can track the source (miner) to the fiat converter easily. I also said that it can be traced if it is converted into fiat.What if it is kept in online wallet? What if someone uses mixer,will it still be that easy? You can keep it in your wallet as long as it is mixed enough. I usually due to paranoia mix my coins using Joinmarket for about.... 32 times.. If they use mixer and not not-so-well-known-algorithms-used-by-mixers, you should use a application like Joinmarket to safeguard your pseudonymity. |
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btvGainer
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Activity: 854
Merit: 1000
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May 05, 2016, 09:50:46 PM |
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Bitcoin is decentralized and it doesn't need the crackdowns of government to destroy the entire usage of Bitcoin in India.
However, government can regulate the protocol and you might need to get around this using techniques like Tor or I2P.
Bitcoin is fungible and trackable which also gives that a second con. It's all a public ledger, if you don't shuffle the coins (AKA: Tumble) a government blockchain analyze can track you down easily.
Is it really easy to find out someone by bitcoin analyzing?I think it is not and unless it involves huge amount,no government will care to crack it.The real problem will come when bitcoin is converted into fiat.It can then be traced It's really easy, yes it's really easy. I can make a algorithm in 5 hours that can track the source (miner) to the fiat converter easily. I also said that it can be traced if it is converted into fiat.What if it is kept in online wallet? What if someone uses mixer,will it still be that easy? You can keep it in your wallet as long as it is mixed enough. I usually due to paranoia mix my coins using Joinmarket for about.... 32 times.. If they use mixer and not not-so-well-known-algorithms-used-by-mixers, you should use a application like Joinmarket to safeguard your pseudonymity. Thanks for the advice.I dont have lots of coins so I dont think I need to go through all this |
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mynameisdon (OP)
Sr. Member
Offline
Activity: 322
Merit: 250
i am don(ripper's big daddy).i clean scammers.
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May 06, 2016, 04:05:12 PM |
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Bitcoin is decentralized and it doesn't need the crackdowns of government to destroy the entire usage of Bitcoin in India.
However, government can regulate the protocol and you might need to get around this using techniques like Tor or I2P.
Bitcoin is fungible and trackable which also gives that a second con. It's all a public ledger, if you don't shuffle the coins (AKA: Tumble) a government blockchain analyze can track you down easily.
Is it really easy to find out someone by bitcoin analyzing?I think it is not and unless it involves huge amount,no government will care to crack it.The real problem will come when bitcoin is converted into fiat.It can then be traced It's really easy, yes it's really easy. I can make a algorithm in 5 hours that can track the source (miner) to the fiat converter easily. I also said that it can be traced if it is converted into fiat.What if it is kept in online wallet? What if someone uses mixer,will it still be that easy? You can keep it in your wallet as long as it is mixed enough. I usually due to paranoia mix my coins using Joinmarket for about.... 32 times.. If they use mixer and not not-so-well-known-algorithms-used-by-mixers, you should use a application like Joinmarket to safeguard your pseudonymity. to be honest i don't know all about mixing coin.i heard about this many times but didn't got what is this. i also know bitmixer.io but why people use it and how to use.will i be anonymous by using mixing coin?can you please clear my doubts? |
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btvGainer
Legendary
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Activity: 854
Merit: 1000
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May 06, 2016, 09:58:45 PM |
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Bitcoin is decentralized and it doesn't need the crackdowns of government to destroy the entire usage of Bitcoin in India.
However, government can regulate the protocol and you might need to get around this using techniques like Tor or I2P.
Bitcoin is fungible and trackable which also gives that a second con. It's all a public ledger, if you don't shuffle the coins (AKA: Tumble) a government blockchain analyze can track you down easily.
Is it really easy to find out someone by bitcoin analyzing?I think it is not and unless it involves huge amount,no government will care to crack it.The real problem will come when bitcoin is converted into fiat.It can then be traced It's really easy, yes it's really easy. I can make a algorithm in 5 hours that can track the source (miner) to the fiat converter easily. I also said that it can be traced if it is converted into fiat.What if it is kept in online wallet? What if someone uses mixer,will it still be that easy? You can keep it in your wallet as long as it is mixed enough. I usually due to paranoia mix my coins using Joinmarket for about.... 32 times.. If they use mixer and not not-so-well-known-algorithms-used-by-mixers, you should use a application like Joinmarket to safeguard your pseudonymity. to be honest i don't know all about mixing coin.i heard about this many times but didn't got what is this. i also know bitmixer.io but why people use it and how to use.will i be anonymous by using mixing coin?can you please clear my doubts? A simple Google search could have helped you. "... When mixing
bitcoins, you send
your money to an
anonymous service
and, if they are
well-intentioned,
they will send you
someone else's
tainted coins. So,
now, whatever
those coins were
used for may now
be traceable back
to you..."Read the whole article here https://en.bitcoin.it/wiki/Mixing_service |
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Pkzone
Full Member
Offline
Activity: 154
Merit: 100
I2VPN Lead developer.Antidote to 3-letter agencies
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May 07, 2016, 10:59:36 AM |
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Bitcoin is decentralized and it doesn't need the crackdowns of government to destroy the entire usage of Bitcoin in India.
However, government can regulate the protocol and you might need to get around this using techniques like Tor or I2P.
Bitcoin is fungible and trackable which also gives that a second con. It's all a public ledger, if you don't shuffle the coins (AKA: Tumble) a government blockchain analyze can track you down easily.
Is it really easy to find out someone by bitcoin analyzing?I think it is not and unless it involves huge amount,no government will care to crack it.The real problem will come when bitcoin is converted into fiat.It can then be traced It's really easy, yes it's really easy. I can make a algorithm in 5 hours that can track the source (miner) to the fiat converter easily. I also said that it can be traced if it is converted into fiat.What if it is kept in online wallet? What if someone uses mixer,will it still be that easy? You can keep it in your wallet as long as it is mixed enough. I usually due to paranoia mix my coins using Joinmarket for about.... 32 times.. If they use mixer and not not-so-well-known-algorithms-used-by-mixers, you should use a application like Joinmarket to safeguard your pseudonymity. to be honest i don't know all about mixing coin.i heard about this many times but didn't got what is this. i also know bitmixer.io but why people use it and how to use.will i be anonymous by using mixing coin?can you please clear my doubts? Correction: You will not be anonymous, you will be PSEUDONYMOUS if you properly mix it. Bitcoin is decentralized and it doesn't need the crackdowns of government to destroy the entire usage of Bitcoin in India.
However, government can regulate the protocol and you might need to get around this using techniques like Tor or I2P.
Bitcoin is fungible and trackable which also gives that a second con. It's all a public ledger, if you don't shuffle the coins (AKA: Tumble) a government blockchain analyze can track you down easily.
Is it really easy to find out someone by bitcoin analyzing?I think it is not and unless it involves huge amount,no government will care to crack it.The real problem will come when bitcoin is converted into fiat.It can then be traced It's really easy, yes it's really easy. I can make a algorithm in 5 hours that can track the source (miner) to the fiat converter easily. I also said that it can be traced if it is converted into fiat.What if it is kept in online wallet? What if someone uses mixer,will it still be that easy? You can keep it in your wallet as long as it is mixed enough. I usually due to paranoia mix my coins using Joinmarket for about.... 32 times.. If they use mixer and not not-so-well-known-algorithms-used-by-mixers, you should use a application like Joinmarket to safeguard your pseudonymity. to be honest i don't know all about mixing coin.i heard about this many times but didn't got what is this. i also know bitmixer.io but why people use it and how to use.will i be anonymous by using mixing coin?can you please clear my doubts? A simple Google search could have helped you. "... When mixing
bitcoins, you send
your money to an
anonymous service
and, if they are
well-intentioned,
they will send you
someone else's
tainted coins. So,
now, whatever
those coins were
used for may now
be traceable back
to you..."Read the whole article here https://en.bitcoin.it/wiki/Mixing_serviceThere the problem lies, if you trust a centralized mixing service, you are bringing your own fate closer. If you don't want to trust a mixing service, use JOINMARKET instead! |
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