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subvolatil (OP)
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December 26, 2013, 08:31:31 PM |
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Wow! funny.
RBI puts out a press release, few indian exchanges close their shutters. Bitcoin's overall network dont give a shit about it.
Sad to know India cant even make a mark in new technology, and the regulatory authority is acting like it the next big thing in money laundering weapon. and Permission is required. Meh......
It was Christmas so, Bah Humbug!!
satisfied much.
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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escrow.ms
Legendary
 Offline
Activity: 1274
Merit: 1004
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December 26, 2013, 08:34:45 PM |
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Wut is RBI? Brah
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subvolatil (OP)
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December 26, 2013, 08:37:59 PM |
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Wut is RBI? Brah
I think it was a dinosaur that was suppose to die out, when the meteor hit earth a few million years ago. |
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BitCoinDream
Legendary
Offline
Activity: 2324
Merit: 1204
The revolution will be digital
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December 26, 2013, 08:56:53 PM |
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Wow! funny.
RBI puts out a press release, few indian exchanges close their shutters. Bitcoin's overall network dont give a shit about it.
Sad to know India cant even make a mark in new technology, and the regulatory authority is acting like it the next big thing in money laundering weapon. and Permission is required. Meh......
It was Christmas so, Bah Humbug!!
satisfied much.
Care to share the charts ? |
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subvolatil (OP)
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December 26, 2013, 09:30:54 PM |
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Wow! funny.
RBI puts out a press release, few indian exchanges close their shutters. Bitcoin's overall network dont give a shit about it.
Sad to know India cant even make a mark in new technology, and the regulatory authority is acting like it the next big thing in money laundering weapon. and Permission is required. Meh......
It was Christmas so, Bah Humbug!!
satisfied much.
Care to share the charts ?  the charts keep going up. |
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G K G
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December 27, 2013, 03:26:21 AM |
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Wow! funny.
RBI puts out a press release, few indian exchanges close their shutters. Bitcoin's overall network dont give a shit about it.
Sad to know India cant even make a mark in new technology, and the regulatory authority is acting like it the next big thing in money laundering weapon. and Permission is required. Meh......
It was Christmas so, Bah Humbug!!
satisfied much.
Care to share the charts ? the charts keep going up. The press release does not say it has banned the use of BTC(which cannot be done practically) just cautions the users to be aware of the use of crypto-currencies and the fraudulent ways we can be drawn into. It has also shoot out a warning to all those trying to use it for illegal trades and money laundering, that the govt keep a close eye and is tracking all indian transactions. Though BTC usage cannot be controlled, there are ways to track down large transactions from indian ip addresses. So any suspecious transaction could draw in interest from the Govt. So i think the press release was a warning for the jackals and an alarm for innocent who get cheated by cons and thieves |
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BTCIndia
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December 27, 2013, 07:50:59 AM |
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Why would chart give a damn about country with few nodes and handful of Bitcoins? No surprise!  |
He's Nick Sazbo from Washington. I've my answer. Or Hal? :O
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rudystyle
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December 27, 2013, 01:06:50 PM |
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India is smaller than a midget but likes to think of itself as some kind of "superpower"
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coldbreeze16
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December 28, 2013, 02:38:46 PM |
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India is smaller than a midget but likes to think of itself as some kind of "superpower"
Tell that to frantic Modi supporters calling themselves 'Bharat mata ke bhakt' and see if they don't beat you into a pulp.  |
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dishwara
Legendary
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Activity: 1855
Merit: 1016
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December 28, 2013, 06:28:21 PM |
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G K G
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December 28, 2013, 06:49:44 PM |
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If India wants to conquer the 3rd position(or anywherein the top 5) in that GDP table, it needs to stop whining and start reading some literature from the internet community. The first thing it can do is start accepting the idea of bitcoin and other cryptos, because it is going to be "the way of the future" |
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G K G
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December 28, 2013, 10:00:03 PM |
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WOW.. that is something new and proud to hear...  |
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subvolatil (OP)
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December 29, 2013, 12:51:04 AM |
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WOW.. that is something new and proud to hear... Its a shame that people live in less than a 100Rs a day. That shows, the living standards of people have dropped to such a level. |
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G K G
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December 29, 2013, 02:34:54 AM |
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WOW.. that is something new and proud to hear... Its a shame that people live in less than a 100Rs a day. That shows, the living standards of people have dropped to such a level. its been always the same... crappy politicians make billions but the hardworking poor get less than rs.100 a day to live but atleast it is good to know one can live here with that low income.... there are still small shops here which provide a full lunch for rs.25 |
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DewlanceVPS
Jr. Member
Offline
Activity: 59
Merit: 102
Dewlance.com
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December 29, 2013, 11:43:39 AM |
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Peoples who don't know anything about technology is monitoring Internet Business and even they can't understand what is Bitcoin  |
Premium Web Hosting (https://www.dewlance.com/web-hosting) - We accept Bitcoins and Cryptocurrency
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coldbreeze16
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December 29, 2013, 12:00:47 PM |
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Peoples who don't know anything about technology is monitoring Internet Business and even they can't understand what is Bitcoin In India the afsar-shahi is always reluctant to learn about new things but rather try to apply old rigid framework on newer concepts that don't even fit in. A visit to any BSNL office will show that with the uncles and aunties working there with very basic knowledge of networking. |
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dc0ded
Newbie
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Activity: 41
Merit: 0
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December 29, 2013, 07:07:43 PM |
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I agree that Indian government doesn't realize the full potential of bitcoin yet. But some guys here on this thread need to do their homework before expressing facts about India. They remind me of few primary school kids I met in the US who used to believe that people in India use elephants instead of cars. |
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subvolatil (OP)
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December 29, 2013, 09:25:38 PM |
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I agree that Indian government doesn't realize the full potential of bitcoin yet. But some guys here on this thread need to do their homework before expressing facts about India. They remind me of few primary school kids I met in the US who used to believe that people in India use elephants instead of cars. What the way the Indian government and the press is reacting right now they might as well be riding elephants and camels. |
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