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romiferns
Member
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Activity: 115
Merit: 10
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December 15, 2013, 03:42:38 PM |
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I am waiting for the release of this much awaited coin.
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mitts.daki
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December 16, 2013, 05:57:32 AM |
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We are again writing to RBI, Hope they reply this time
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bitcoinisfurture
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December 16, 2013, 02:53:33 PM |
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Hey when we have bitcoin, so why creating laxmicoin? Any particular reason for this and also will it only be limited to India or Internationally too it will be accepted?
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BTCIndia (OP)
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December 16, 2013, 04:18:10 PM |
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Hey when we have bitcoin, so why creating laxmicoin? Any particular reason for this and also will it only be limited to India or Internationally too it will be accepted?
Bitcoinisfurture, I'm glad you came up with this question. Bitcoin is not a future(probably) but virtual currency are for sure. "Why use one created by others, when you can create one?" must India think rather than going crazy for Bitcoin in greed. There are some fundamental flaws in Bitcoin which might lead to its failure one day. Plus, half of Bitcoins are with countries indulged in early stages( USA, Canada, EU, Russia and handsome with China) and if we( Indian's) demand Bitcoin that it would take its price to next level.We won't be able to get a hold on chunk of coins because of capital controls but only affect its price. We are not even capable of mining Bitcoin. If Indians indulge into mining full-fledged, then too we won't be able to get a hold on more than 4-5 Lakhs coin by 2140. We must not create demand for branded gold ( called Bitcoin) developed, market and stockpiled from developed countries when its easy to create our own gold? Laxmicoin is swadesi moment of virtual currency. Battle is going to be tough!From utility point of view Bitcoin is same as Laxmicoin. If Indians support Laxmicoin then fore sure world will have to accept it as medium of exchange. Yeah! They'll be force to accept, if we accept.
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He's Nick Sazbo from Washington. I've my answer. Or Hal? :O
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thenoblebot
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 16, 2013, 05:43:43 PM |
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Hey when we have bitcoin, so why creating laxmicoin? Any particular reason for this and also will it only be limited to India or Internationally too it will be accepted?
Bitcoinisfurture, I'm glad you came up with this question. Bitcoin is not a future(probably) but virtual currency are for sure. "Why use one created by others, when you can create one?" must India think rather than going crazy for Bitcoin in greed. There are some fundamental flaws in Bitcoin which might lead to its failure one day. Plus, half of Bitcoins are with countries indulged in early stages( USA, Canada, EU, Russia and handsome with China) and if we( Indian's) demand Bitcoin that it would take its price to next level.We won't be able to get a hold on chunk of coins because of capital controls but only affect its price. We are not even capable of mining Bitcoin. If Indians indulge into mining full-fledged, then too we won't be able to get a hold on more than 4-5 Lakhs coin by 2140. We must not create demand for branded gold ( called Bitcoin) developed, market and stockpiled from developed countries when its easy to create our own gold? Laxmicoin is swadesi moment of virtual currency. Battle is going to be tough!From utility point of view Bitcoin is same as Laxmicoin. If Indians support Laxmicoin then fore sure world will have to accept it as medium of exchange. Yeah! They'll be force to accept, if we accept.Whoa whoa ... your making it sound like - ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fbitcoinexaminer.org%2Fwp-content%2Fuploads%2F2013%2F06%2FThe-government-be-like............jpg&t=665&c=NS4EFdvdX-AZuw) ..... sorry got to call a spade a spade .... your intentions don't seem (or atleast don't sound) right to be making Laxmicoin.
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Benson Samuel
Legendary
Offline
Activity: 1890
Merit: 1000
Landscaping Bitcoin for India!
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December 16, 2013, 05:58:34 PM |
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I would encourage any coin that allows entry into Bitcoin. Time will answer for whether the coin works or not.
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thenoblebot
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December 16, 2013, 06:16:46 PM |
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I would encourage any coin that allows entry into Bitcoin. Time will answer for whether the coin works or not.
+1 .... also I think a coin should have some uniqueness about it to pull it off .... and yes we all stand on the shoulders of BTC <3.
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subvolatil
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December 16, 2013, 06:35:35 PM |
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I really dont want to speculate much about new coins comming up.
This coin has no properties bitcoin has. and is not in the same league as bitcoin.
Announcing a name and saying it is going to be launched, only makes it viewed as a closed source, premined coin that they will most probably use it as a a money transfer system. nothing to do with currency use.
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thenoblebot
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December 16, 2013, 07:05:52 PM |
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Also something that I don't like about this campaign is that its being touted as an "Indian coin" ... I mean WTH is that supposed to mean ? Imagine BTC being labelled Japanese (because of Satoshi's supposed name) !! Atleast the developers should include some features to make this coin worthy of the names being used (Laxmi/India).
Just my 2 satoshis :-P
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mitts.daki
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 16, 2013, 07:22:38 PM |
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Hey when we have bitcoin, so why creating laxmicoin? Any particular reason for this and also will it only be limited to India or Internationally too it will be accepted?
Bitcoinisfurture, I'm glad you came up with this question. Bitcoin is not a future(probably) but virtual currency are for sure. "Why use one created by others, when you can create one?" must India think rather than going crazy for Bitcoin in greed. There are some fundamental flaws in Bitcoin which might lead to its failure one day. Plus, half of Bitcoins are with countries indulged in early stages( USA, Canada, EU, Russia and handsome with China) and if we( Indian's) demand Bitcoin that it would take its price to next level.We won't be able to get a hold on chunk of coins because of capital controls but only affect its price. We are not even capable of mining Bitcoin. If Indians indulge into mining full-fledged, then too we won't be able to get a hold on more than 4-5 Lakhs coin by 2140. We must not create demand for branded gold ( called Bitcoin) developed, market and stockpiled from developed countries when its easy to create our own gold? Laxmicoin is swadesi moment of virtual currency. Battle is going to be tough!From utility point of view Bitcoin is same as Laxmicoin. If Indians support Laxmicoin then fore sure world will have to accept it as medium of exchange. Yeah! They'll be force to accept, if we accept.Thanks lot BTCIndia, and we exactly think in your line that's why we are coming up with Laxmicoin, We definitely want to launch sooner but we don't want RBI to come and shut us down That's why we are sending letters to RBI and waiting for RBI's response appreciate your support and looking forward to provide solid virtual currency for India
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mitts.daki
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 16, 2013, 07:26:19 PM |
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I really dont want to speculate much about new coins comming up.
This coin has no properties bitcoin has. and is not in the same league as bitcoin.
Announcing a name and saying it is going to be launched, only makes it viewed as a closed source, premined coin that they will most probably use it as a a money transfer system. nothing to do with currency use.
subvolatil, Do you only want Bitcoin properties or open for better solution of digital currency which fits the environment as well works with other international currencies? and if anything we are open for suggestions please give us ideas
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mitts.daki
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 16, 2013, 07:28:54 PM |
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Also something that I don't like about this campaign is that its being touted as an "Indian coin" ... I mean WTH is that supposed to mean ? Imagine BTC being labelled Japanese (because of Satoshi's supposed name) !! Atleast the developers should include some features to make this coin worthy of the names being used (Laxmi/India).
Just my 2 satoshis :-P
That's true we don't want to be labelled just Indian currency but our first priority to provide better solution which fits in legal frame works if doesn't fit but RBI doesn't shut down .. we are trying best
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mitts.daki
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 16, 2013, 07:33:51 PM |
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Hey when we have bitcoin, so why creating laxmicoin? Any particular reason for this and also will it only be limited to India or Internationally too it will be accepted?
Hi Bitcoinisfurture, Today you see so many countries are stopping use of Bitcoin read news below http://www.coindesk.com/china-bans-payment-companies-working-bitcoin-exchanges-sources-claim/and in our presentation mentioned why we need Laxmicoin We want to work with Local business first then international business and international digital currencies I am not sure if you have watched this video if not please watch this and see the fear of Law agencies in India http://www.youtube.com/watch?v=BM10sKEJRhoIndia definitely needs own digital currency which can work with local business as well as international currencies
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subvolatil
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December 16, 2013, 07:39:43 PM |
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Well first i would love to know what you are launching. How is this system any good. what are its advantages. and the big question is it opensource?
Because all i can see this being used for is for money transmitting purpose. correct me if i am wrong.
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mitts.daki
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 16, 2013, 08:04:37 PM |
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subvolatil,
Did you attend Global Bitcoin Conference Bangalore?
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mitts.daki
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 16, 2013, 08:07:00 PM |
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Guys, Thanks for patience and appreciate your support It frustrating for us too wait for lunch when we have worked so hard but we want to work within regulatory frame work so they don't shutdown us ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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subvolatil
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 16, 2013, 08:12:24 PM |
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subvolatil,
Did you attend Global Bitcoin Conference Bangalore?
noops!!! so now are you going to tell us, or is it still hush hush ....
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mitts.daki
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 16, 2013, 08:23:23 PM |
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subvolatil, if you would attended the conference, you definitely would have better idea about Laxmicoin
Please list all your questions I will try to answer or we can have a skype call if you want more detail and we will welcome your suggestions
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subvolatil
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 16, 2013, 08:25:47 PM |
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subvolatil, if you would attended the conference, you definitely would have better idea about Laxmicoin
Please list all your questions I will try to answer or we can have a skype call if you want more detail and we will welcome your suggestions
How about a quick question Like How is this system any good. what are its advantages. Is it based on the bitcoin code, is it premined and the big question is it opensource? is this being used for money transmitting purpose. correct me if i am wrong. Simple yes and no would suffice too.
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