Benson & NilamDoc featured in an India today article

[skang]

http://businesstoday.intoday.in/story/demand-in-india-for-bitcoins/1/194293.html

[legendster]

http://businesstoday.intoday.in/story/demand-in-india-for-bitcoins/1/194293.html

Skwell

1. Benson's pic in Skype and the pic in that article have a HUUUUGE difference.
2. I thought 'Nilam' Doc was a Lady doctor named 'Nilam' LOL so I m sorry ^_^ 'Sir' (s)

[buysellbitcoin]

http://businesstoday.intoday.in/story/demand-in-india-for-bitcoins/1/194293.html

So now we know who is Satoshi, correct

Cheers

[ninjaboon]

http://businesstoday.intoday.in/story/demand-in-india-for-bitcoins/1/194293.html

So now we know who is Satoshi, correct

Cheers

you mean Benson Samuel? lol.  Bangalore-based Bitcoin evangelist, says those who use the digital currency are honest taxpayers

[Pinwheel]

Government authorities cannot track payments in the Bitcoin system.

bitcoins are IP based network, if they want they can track it very well. misleading statement.

nice info about all those frauds, illegal activities  and money laundering out there. great way to promote bitcoins. that is what people will remember after ready whole thing.

[Benson Samuel]

http://businesstoday.intoday.in/story/demand-in-india-for-bitcoins/1/194293.html

So now we know who is Satoshi, correct

Cheers

I once saw a guy wearing a Transformers shirt. I did not ask him if he was a Decepticon.

Lol

[Benson Samuel]

http://businesstoday.intoday.in/story/demand-in-india-for-bitcoins/1/194293.html

So now we know who is Satoshi, correct

Cheers

you mean Benson Samuel? lol.  Bangalore-based Bitcoin evangelist, says those who use the digital currency are honest taxpayers

Well, when I was helping setup Indiabitcoin.com, the biggest challenge that we had was to convince people to use Bitcoin as it is.

About 8-10 + businesses said that they will not move ahead with BTC without proper auth and tax paying capabilities.

If the Indian government defines some better outlines for Bitcoin, I am sure that taxation will fall into place.
Currently, I am aware that BTC - BTC is an untaxable/ unregulated affair.
Converting to FIAT is where there are questions raised and that income has to be declared.
(After extensive legal counsel and research.)

[Benson Samuel]

http://businesstoday.intoday.in/story/demand-in-india-for-bitcoins/1/194293.html

Skwell

1. Benson's pic in Skype and the pic in that article have a HUUUUGE difference.

This was a new Avatar that I used :p

[Benson Samuel]

Government authorities cannot track payments in the Bitcoin system.

bitcoins are IP based network, if they want they can track it very well. misleading statement.

nice info about all those frauds, illegal activities  and money laundering out there. great way to promote bitcoins. that is what people will remember after ready whole thing.

Anonymity WILL be fully used by any individual who does not want to disclose income. Governments will only be able to trace non-pseudo-anonymous transactions.
You should read the rest, there was more information in that article than just the 'Dark Side' for people to take away.

[legendster]

Government authorities cannot track payments in the Bitcoin system.

bitcoins are IP based network, if they want they can track it very well. misleading statement.

nice info about all those frauds, illegal activities  and money laundering out there. great way to promote bitcoins. that is what people will remember after ready whole thing.

Just to let you know that the 'Normal internet' you use is not even 1% of the Internet as we know it.
99% of the internet is untraceable .. Go do a li'l research on the HWIKI lemme know if you can find ANY information about ANY of the website's owners listed there - even with the MOST ADVANCED method of tracing on the planet.

[Pinwheel]

Government authorities cannot track payments in the Bitcoin system.

bitcoins are IP based network, if they want they can track it very well. misleading statement.

nice info about all those frauds, illegal activities  and money laundering out there. great way to promote bitcoins. that is what people will remember after ready whole thing.

Anonymity WILL be fully used by any individual who does not want to disclose income. Governments will only be able to trace non-pseudo-anonymous transactions.
You should read the rest, there was more information in that article than just the 'Dark Side' for people to take away.

it says

authorities cannot track payments in the Bitcoin system

it is same to say, authorities cannot track anyone on Internet, it is false misleading  information.

I read all article and I dont like it at all, it sending negative message to Indian business community, without explaining one simple question - How Indian business can benefit from Bitcoins.

[Benson Samuel]

Government authorities cannot track payments in the Bitcoin system.

bitcoins are IP based network, if they want they can track it very well. misleading statement.

nice info about all those frauds, illegal activities  and money laundering out there. great way to promote bitcoins. that is what people will remember after ready whole thing.

Anonymity WILL be fully used by any individual who does not want to disclose income. Governments will only be able to trace non-pseudo-anonymous transactions.
You should read the rest, there was more information in that article than just the 'Dark Side' for people to take away.

it says

authorities cannot track payments in the Bitcoin system

it is same to say, authorities cannot track anyone on Internet, it is false misleading  information.

I read all article and I dont like it at all, it sending negative message to Indian business community, without explaining one simple question - How Indian business can benefit from Bitcoins.

This was one of the articles published by Bitcoin and the reporter was not keen on covering the business sphere.
There are future articles planned to cover the business side as well.

Critics are always good though. Not everyone needs to like an article.

[apurvslam]

http://businesstoday.intoday.in/story/demand-in-india-for-bitcoins/1/194293.html

hmm...nice read indeed..

Kudos to Benson , Nilamdoc and Mahin for all the hardwork they are putting in bitcoin development in india..

Keep bringin them bitcoins here.. nom nom nom

Also would love to get hold of those awesome tshirts. where can i get them online ? Will buy only if payment accepted in bitcoins .  

[Benson Samuel]

http://businesstoday.intoday.in/story/demand-in-india-for-bitcoins/1/194293.html

hmm...nice read indeed..

Kudos to Benson , Nilamdoc and Mahin for all the hardwork they are putting in bitcoin development in india..

Keep bringin them bitcoins here.. nom nom nom

Also would love to get hold of those awesome tshirts. where can i get them online ? Will buy only if payment accepted in bitcoins .  

Nilam Doctor was awesome enough to get some tshirts printed for us.
http://shop.rbitco.in/index.php?route=product/category&path=59 is the rbitco.in store.

[apurvslam]

http://businesstoday.intoday.in/story/demand-in-india-for-bitcoins/1/194293.html

hmm...nice read indeed..

Kudos to Benson , Nilamdoc and Mahin for all the hardwork they are putting in bitcoin development in india..

Keep bringin them bitcoins here.. nom nom nom

Also would love to get hold of those awesome tshirts. where can i get them online ? Will buy only if payment accepted in bitcoins .  

Nilam Doctor was awesome enough to get some tshirts printed for us.
http://shop.rbitco.in/index.php?route=product/category&path=59 is the rbitco.in store.

nice....looking into it now..

[legendster]

http://businesstoday.intoday.in/story/demand-in-india-for-bitcoins/1/194293.html

hmm...nice read indeed..

Kudos to Benson , Nilamdoc and Mahin for all the hardwork they are putting in bitcoin development in india..

Keep bringin them bitcoins here.. nom nom nom

Also would love to get hold of those awesome tshirts. where can i get them online ? Will buy only if payment accepted in bitcoins .  

I can design those T Shirts & have it delivered to you Lemme know if interested AT ALL

[rezurect]

Read somewhere that there are approx 2000 bitcoiners in india

[Pinwheel]

Read somewhere that there are approx 2000 bitcoiners in india

wow that is a lot. I think we can try to make Indian mining pool, perhaps we can catch up with Chinese miners who are  making over 3 million usd in mining revenues per month.

[Benson Samuel]

Read somewhere that there are approx 2000 bitcoiners in india

wow that is a lot. I think we can try to make Indian mining pool, perhaps we can catch up with Chinese miners who are  making over 3 million usd in mining revenues per month.

I would assume that is 2K enthusiasts.. May be under 100 miners in India.

Waiting for BFL to ship, then would be glad to move to BTC Guild.

[Pinwheel]

yeah good idea, I will ask support to remove pin from India team, so any one can join. Meanwhile I mined first ASIC 3 btc.