India opens new exchange

[Phinnaeus Gage]

http://bitcoinviews.com/bitcoin-entrepreneurs-planning-indias-first-bitcoin-conference-bv-exclusive-get-20-discount-on-ticket-price/

India-based entrepreneur Sathvik Vishwanath is hosting the country’s first

Global Bitcoin Conference next month, in Bangalore, the heart of Asia’s Silicon Valley at the Sheraton Hotel.

Vishwanath has been raising awareness of Bitcoin in India, and admittedly found his job a lot easier since the value of Bitcoin has skyrocketed.

http://www.globalbitcoinconference.com/

Hello All attendees,

I want to take this opportunity to thank our speakers and delegates at the conference without whom this fruitful conference would not have been possible. I also wish to thank Josh from ButterflyLabs for his generous donation and being a title sponsor for the conference, and for Sheraton hotel for providing the venue and Oddessy team for setting up a beautiful place to for the event. I would also wish to thank my team for helping me out to conduct the conference. Never the less my employees who have worked for 2 months consistently towards completing Unocoin – a bitcoin buying and selling webservice to be launched on this day of the conference.

Here's to hoping it was a wonderful conference.

Peace.

~Bruno Kucinskas

[Phinnaeus Gage]

Tired!!! Slight error in the above, but not editing out. Venue: Crown Casino DOES NOT equal CROWNCASINOGAMES.COM.

To be clear, I'm not doxxing the Indian exchange, but want to make sure that we/they all know whom we're dealing with.

Great forensic work nonetheless.

If nothing else, an Indian exchange will test the legal status of bitcoin in India.

Very true. I love India, having toured the country in '91 for three weeks, spending Christmas in Goa.

[moni3z]

Good idea except your site will be frauded out of existence because you accept soft online banking transfers. You also are using Camilla256-SHA not AES as advertised though doesn't really matter. Your emails also go directly to spam inbox should trim them of flagged material. DigitalOcean VPS hosting will grind to a halt under a lot of trading too, also I didn't notice any DDOS protection leaving you wide open to market manipulation or competitor/crazy customer attack. I wonder how you're storing all this personal data as well, with ID scans and bank account numbers being kept would be a goldmine to break into.

If it's legal there foreigners can walk into SBI/ICICI bank branches here in Canada or Europe and transfer money at the counter without an account directly to your account to buy coins http://www.money2india.eu/

[empoweoqwj]

Good idea except your site will be frauded out of existence because you accept soft online banking transfers. You also are using Camilla256-SHA not AES as advertised though doesn't really matter. Your emails also go directly to spam inbox should trim them of flagged material. DigitalOcean VPS hosting will grind to a halt under a lot of trading too, also I didn't notice any DDOS protection leaving you wide open to market manipulation or competitor/crazy customer attack. I wonder how you're storing all this personal data as well, with ID scans and bank account numbers being kept would be a goldmine to break into.

If it's legal there foreigners can walk into SBI/ICICI bank branches here in Canada or Europe and transfer money at the counter without an account directly to your account to buy coins http://www.money2india.eu/

That's not a good review. Doesn't sound like we have a serious attempt at an Indian exchange after all

[geetee]

Tired!!! Slight error in the above, but not editing out. Venue: Crown Casino DOES NOT equal CROWNCASINOGAMES.COM.

To be clear, I'm not doxxing the Indian exchange, but want to make sure that we/they all know whom we're dealing with.

Great forensic work nonetheless.

If nothing else, an Indian exchange will test the legal status of bitcoin in India.

Very true. I love India, having toured the country in '91 for three weeks, spending Christmas in Goa.

I love high-inflation countries that don't have widespread Btc adoption yet.
Japan, Argentina, and now India. Potentially huge positive development. They already love gold, wait til average Indian hears about Btc - or if they start gifting Btc instead of gold for their wedding season. Choo choo.

[sickpig]

I love high-inflation countries that don't have widespread Btc adoption yet.
Japan, Argentina, and now India. Potentially huge positive development. They already love gold, wait til average Indian hears about Btc - or if they start gifting Btc instead of gold for their wedding season. Choo choo.

sorry but "high-infaltion" and "Japan" can't be on the same phrase

http://www.inflation.eu/inflation-rates/japan/historic-inflation/cpi-inflation-japan.aspx

[empoweoqwj]

Tired!!! Slight error in the above, but not editing out. Venue: Crown Casino DOES NOT equal CROWNCASINOGAMES.COM.

To be clear, I'm not doxxing the Indian exchange, but want to make sure that we/they all know whom we're dealing with.

Great forensic work nonetheless.

If nothing else, an Indian exchange will test the legal status of bitcoin in India.

Very true. I love India, having toured the country in '91 for three weeks, spending Christmas in Goa.

I love high-inflation countries that don't have widespread Btc adoption yet.
Japan, Argentina, and now India. Potentially huge positive development. They already love gold, wait til average Indian hears about Btc - or if they start gifting Btc instead of gold for their wedding season. Choo choo.

Japan hasn't had inflation for a generation now, please write about something you know.

What's the inflation rate in India?

[maurya78]

Consistently above 9%

[empoweoqwj]

Consistently above 9%

That is very high for a developing economy, any economy come to think of it at the moment. Still, not enough for most Indians to risk their hard-earned on bitcoin unless we have another big bubble.

[TradeAnalyst]

I am thinking that the price of BTC is artificially maintened until trading is officially stopped in China so some chinese investors could draw at a fair price their BTC .

Its not India which will replace China + Indian people will not be so stupid to speculate on BTC the same way chinese have done + they saw the crash and will see the drop in January 2014 !

The price of BTC is not 1000 nor 500 USD because the price to produce 1 BTC by computer work is not this one at all

The real price of BTC is around 100 USD possibly less ( if no speculation come to it ) and should stay stable for a while to be completly adopted for e-commerce

Its unreal to have such a fluctuation if BTC has to become one day mainstream

Speculation on BTC will kill the very first idea of what BTC was created for

And as you all know 80% of the total value on BTC is in the hands of 20% or less ?

[empoweoqwj]

I am thinking that the price of BTC is artificially maintened until trading is officially stopped in China so some chinese investors could draw at a fair price their BTC .

Its not India which will replace China + Indian people will not be so stupid to speculate on BTC the same way chinese have done + they saw the crash and will see the drop in January 2014 !

The price of BTC is not 1000 nor 500 USD because the price to produce 1 BTC by computer work is not this one at all

The real price of BTC is around 100 USD possibly less ( if no speculation come to it ) and should stay stable for a while to be completly adopted for e-commerce

Its unreal to have such a fluctuation if BTC has to become one day mainstream

Speculation on BTC will kill the very first idea of what BTC was created for

And as you all know 80% of the total value on BTC is in the hands of 20% or less ?

That's not how you arrive at a price for bitcoin. Price is based on its utility, its usefulness, not how much it costs to produce.