ene1980
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June 05, 2019, 12:17:59 PM Last edit: June 05, 2019, 08:09:21 PM by ene1980 |
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The fact that really amazes me is how such a low rank (sorry, no offense) country is able to become one of the leading countrues of cryptocurrency using whereas such big countries like Russia, US are doing nothing, except issuing the regulations and taking taxes for crypto using.
What do you mean by India a low rank country, let me state some facts about them i know and from what i understand they are a developing country - The majority of the IT experts around the world are from India
- The space program is top quality and they do things much cheaper than the rest of the world
- One of the most diverse country in the world and majority of them knows multiple language
- Land of Ayurveda, Yoga, Kalaripayattu
- Taj Mahal, Taxila
That being said it is a land of corruption too and if some official stand up against these scam then they will be put behind bars and there will a lot of political involvement when it is a high profile case and it is a big problem but there is nothing big to amaze here as US have taken strict actions against ICO and people investing in scams in 2016 if i am not mistaken.
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stompix
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June 05, 2019, 03:28:58 PM |
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The list goes on, if you are looking for greater economies, US and Russia are not the biggest economies in the world, you have to look at Scandinavian countries for that ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) . Triple facepalm!!!!!!! US 19 trillions. Sweden 0.58 trillions Finland 0.25 trilions Norway 0.40 trillions Denmark 0.32 trillions At least you didn't say that the economy of Carpathia, Edonia or Genovia is bigger than that of the United States.
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pundit
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June 05, 2019, 04:19:11 PM |
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The fact that really amazes me is how such a low rank (sorry, no offense) country is able to become one of the leading countrues of cryptocurrency using whereas such big countries like Russia, US are doing nothing, except issuing the regulations and taking taxes for crypto using. Ofc there are lot of scam, and a lot of are recovered but the problem is not even that there are a lot of them, but that the government looks at these cases and, in general, with distrust even refers to the blockchain technologies themselves, which in fact do no evil to anyone. People must separate cause and effect. A blockchain is not the cause of fraud. It occurs when general market rules are not created.
I would suggest you to first remove "low rank" instead use developing country. India in no way is low rank, it is one of the most powerful country in the world in every asset. Now coming to the main course of this thread. Every new technology is warmly welcome in India, even BTC is not banned here but its not legalize because a huge number of population does not know about cryptocurrency here and and may fall prey for some scammers as it had already happened. Current govt is very strict on scammers, they will not find place to hide themselves.
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dothebeats
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June 05, 2019, 08:00:21 PM |
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Being one of the lesser evil does not remove the fact that there's still something wrong going on with India and its domestic markets. Sure it does the job on uncovering a lot of scams but do know that among other countries, India has a lot more scammers and crimes perpetrated by the said people, one of which was bitconnect. Anyway though, amongst the said countries, India must be the least corrupt, knowing that they really are chasing after scammers as compared to the US and Russia.
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uneng
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June 05, 2019, 08:09:53 PM |
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but that the government looks at these cases and, in general, with distrust even refers to the blockchain technologies themselves, which in fact do no evil to anyone. People must separate cause and effect. A blockchain is not the cause of fraud. It occurs when general market rules are not created.
India government already knows blockchain and crypto currency aren't the cause of frauds scams. They have been learning with other countries since some years ago what stance they should take towards this new virtual financial space. If they were totally against it they wouldn't spend time doing that, also India loves technology, they couldn't be so ignorant on this matter to blame crypto currency. I just think there are many news from India authorities investigating and busting scams because people there are too innocent and fall easily for scammers. In other countries such Usa it doesn't happen too often as people are more aware about these frauds.
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Vinalians
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June 05, 2019, 08:15:12 PM |
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The Indian government is very different from the government of the US. Indian government intended that they will do everything to protect their country no matter what crime is, the U.S there are so many people and problem so I guess they didn't have the time to focus on what is happening in the internet crime. I also amaze how Indians reacts in this kind of crime.
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ene1980
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June 05, 2019, 08:17:44 PM |
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The list goes on, if you are looking for greater economies, US and Russia are not the biggest economies in the world, you have to look at Scandinavian countries for that ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) . Triple facepalm!!!!!!! At least you didn't say that the economy of Carpathia, Edonia or Genovia is bigger than that of the United States. I am taking back that statement, what i meant was the economic growth per capita is better in Scandinavian countries than in US and Russia. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Thanks for correcting me, bigger might not be always better ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) .
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stompix
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June 05, 2019, 08:32:03 PM |
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I am taking back that statement, what i meant was the economic growth per capita is better in Scandinavian countries than in US and Russia. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Thanks for correcting me, bigger might not be always better ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) . Another facepalm https://www.imf.org/external/datamapper/NGDP_RPCH@WEO/OEMDC/ADVEC/WEOWORLDReal GDP growth Annual percent change United States 2.3 Sweden 1.2 Norway 2 Finland 1.9 Denmark 1.7 Do you want to try it a third time?
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ene1980
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June 06, 2019, 02:39:23 PM |
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I am taking back that statement, what i meant was the economic growth per capita is better in Scandinavian countries than in US and Russia. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Thanks for correcting me, bigger might not be always better ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) . Another facepalm https://www.imf.org/external/datamapper/NGDP_RPCH@WEO/OEMDC/ADVEC/WEOWORLDReal GDP growth Annual percent change United States 2.3 Sweden 1.2 Norway 2 Finland 1.9 Denmark 1.7 Do you want to try it a third time? Since you want to make me face palm again, here is the data shown in the site you provided. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fi63.tinypic.com%2F23h8wtc.jpg&t=665&c=tQme3x893u2n6A) It is not a hidden secret that Scandinavian countries are the best places to settle, we will have a debate if you are looking for that buddy. Image taken from the site stompix providedJust looking at the chart you will understand what i am trying to tell ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) .
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avikz
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June 06, 2019, 02:53:56 PM |
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The fact that really amazes me is how such a low rank (sorry, no offense) country is able to become one of the leading countrues of cryptocurrency using whereas such big countries like Russia, US are doing nothing, except issuing the regulations and taking taxes for crypto using. Ofc there are lot of scam, and a lot of are recovered but the problem is not even that there are a lot of them, but that the government looks at these cases and, in general, with distrust even refers to the blockchain technologies themselves, which in fact do no evil to anyone. People must separate cause and effect. A blockchain is not the cause of fraud. It occurs when general market rules are not created.
I believe you are referring to bitconnect scam! If yes, then let me tell you that Indian police force are only able to crack such cases where no politicians are involved. It's not because they lack anything, but it's because Indian police force is usually controlled by the politicians for their own good! I will exactly go by the example of Neerav Modi, Mehul Choksi or even Lalit Modi! They are still outside the prison due to their strong political backing. The list also includes Sahara India as well as Vijay Mallya. I am sure the bitconnect promoter didn't have strong political backing which got them fucked!
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stompix
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June 06, 2019, 02:57:20 PM Last edit: June 06, 2019, 04:32:41 PM by stompix |
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Since you want to make me face palm again, here is the data shown in the site you provided. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fi63.tinypic.com%2F23h8wtc.jpg&t=665&c=tQme3x893u2n6A) It is not a hidden secret that Scandinavian countries are the best places to settle, we will have a debate if you are looking for that buddy. Image taken from the site stompix providedJust looking at the chart you will understand what i am trying to tell ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) . Again triple facepalm. The second line (blue) is the US, in your own proof the US has a bigger GDP per capita than 3 out of the 4 Scandinavian states. You don't know how to read a graph? Second, I'm not your buddy and telling ME about how life is in the Scandinavian countries is hilarious.. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Now, that's GDP PPP per capita, it has nothing to do with what we've discussed earlier. You try to come with indicators what have no connection with the previous just to say something. Since this is not a secret for us living here in Europe let me enlighten you also. In terms of GDP PPP per capita the order in Europe is: Luxembourg, Ireland , Norway , Switzerland ,Netherlands. As you can see, out of the top 5 countries, only one is Scandinavian. Let it go, admit you have no clue what you're talking about and be done with it!
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ene1980
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June 06, 2019, 05:08:04 PM Last edit: June 06, 2019, 05:34:27 PM by ene1980 |
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Again triple facepalm. The second line (blue) is the US, in your own proof the US has a bigger GDP per capita than 3 out of the 4 Scandinavian states. You don't know how to read a graph? So you didn't see the chart of Norway, what you are trying to prove here, you are an encyclopedia ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) . Second, I'm not your buddy and telling ME about how life is in the Scandinavian countries is hilarious.. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I do not care where you live and i am least bothered about it, what is so hilarious about it ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) . Now, that's GDP PPP per capita, it has nothing to do with what we've discussed earlier. You try to come with indicators what have no connection with the previous just to say something. This has gone away from the initial topic, if you want to prove something, start a thread to shower your knowledge but still you did not see the chart of Norway and still face palming ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) . I am not writing for any examination so i just clicked the Countries you mentioned above to see the graph and presented it here. Since this is not a secret for us living here in Europe let me enlighten you also. In terms of GDP PPP per capita the order in Europe is: Luxembourg, Ireland , Norway , Switzerland ,Netherlands. As you can see, out of the top 5 countries, only one is Scandinavian. Let it go, admit you have no clue what you're talking about and be done with it!
Hope you are reading what i said instead of being a jackass, i was not comparing the top countries in terms of GDP, i just said it is better than US and Russia, is it so hard to understand and read simple English ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) . Oh yeah, so much is done to combat scams in india... Isn't there were Quadriga's boss faked his death certificate?
Let me see how you reach the truth, here is your earlier statement in this thread, you just proved that you are a keyboard warrior trying to change the world with conspiracy theories, FBI did not find that he faked his death, but you did how amazing ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) . Hope you will not tell that FBI will find out the truth from you ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) .
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Slow death
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June 06, 2019, 05:10:13 PM |
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The fact that really amazes me is how such a low rank (sorry, no offense) country is able to become one of the leading countrues of cryptocurrency using whereas such big countries like Russia, US are doing nothing, except issuing the regulations and taking taxes for crypto using. Ofc there are lot of scam, and a lot of are recovered but the problem is not even that there are a lot of them, but that the government looks at these cases and, in general, with distrust even refers to the blockchain technologies themselves, which in fact do no evil to anyone. People must separate cause and effect. A blockchain is not the cause of fraud. It occurs when general market rules are not created. India: Report: India Considers Complete Ban on Digital CurrenciesIndian Crypto Exchange Coinome Halts Services Citing Regulatory Pressureas you can read, The government of India has not taken a favorable stance for bitcoin.
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stompix
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June 06, 2019, 06:41:52 PM |
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1. So it was Scandinavia and GDP The list goes on, if you are looking for greater economies, US and Russia are not the biggest economies in the world, you have to look at Scandinavian countries for that 2. After it was Scandinavia and "economic growth per capita", which btw, is not a real indicator, it's your invention. I am taking back that statement, what i meant was the economic growth per capita is better in Scandinavian countries than in US and Russia. 3. Next we're down to Norway and GDP PPP So you didn't see the chart of Norway, what you are trying to prove here, you are an encyclopediaI do not care where you live and i am least bothered about it, what is so hilarious about it So you meant Norway since the rest of the countries are below. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) And no, I'm not an encyclopedia, I just happen to **** lived there!!!! 4. This has gone away from the initial topic, if you want to prove something, start a thread to shower your knowledge but still you did not see the chart of Norway and still face palming . I am not writing for any examination so i just clicked the Countries you mentioned above to see the graph and presented it here. What did you want to prove? That the Scandinavian countries have a bigger impact on bitcoin that the United States? Are you serious??? 5. Hope you are reading what i said instead of being a jackass, i was not comparing the top countries in terms of GDP, i just said it is better than US and Russia, is it so hard to understand and read simple English No offense, but when talking about simple English you can start using I , not i, that's one of the basics in English. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Vent your frustration about the United States somewhere else, but don't start with fake stuff about countries where some of us live and you have never set foot in.
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Harlot
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June 06, 2019, 06:56:15 PM |
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I'm with stompix on this one, I do have to disagree with you and tell you that India isn't one of the most crypto friendly countries in the world. In fact they are a complete opposite on what you are stating right now. From the RBI imposing rules on their banks to block bank deposits from crypto exchanges to go as further on limiting what cryptocurrencies can be legally traded in their country I don't think they are that friendly at all. The acts of their Indian police might be just part of extinguishing cryptocurrencies entirely in their country or might just be an accidental discovery on their part.
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Apaxy
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June 06, 2019, 07:11:13 PM |
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In any case, most countries of the world today are not friendly for the cryptocurrency market, and therefore it is not an exception. Nevertheless, all the same policy on the cryptocurrency of the Indian government is very twofold. Although among the population of India there are many people who use this technology with great pleasure. I think bitcointalk is a real confirmation that Indians are interested in cryptocurrency, because on the form I meet these people very much.
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Mometaskers
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June 06, 2019, 07:16:39 PM |
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Thanks for at least providing a link. Wouldn't be surprised that the Indian police was quick to make arrest, the government has been restricting crypto for some time. Unfortunately the government can use this reported scam to support their narrative of crypto as a negative force.
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Danezu
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June 06, 2019, 07:29:20 PM |
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The list goes on, if you are looking for greater economies, US and Russia are not the biggest economies in the world, you have to look at Scandinavian countries for that ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) . Triple facepalm!!!!!!! US 19 trillions. Sweden 0.58 trillions Finland 0.25 trilions Norway 0.40 trillions Denmark 0.32 trillions At least you didn't say that the economy of Carpathia, Edonia or Genovia is bigger than that of the United States. Ah, I see you are a man of culture as well. A couple of months ago Maria Grapini, a romanian politician, member of the European Parliament, talked about another great country, Letitia. What do you know about their economy? Maria Grapini wrote: "Some of the famous European deputies in Romania, Bulgaria, Hungary, Poland, Letitia, are discussing how to save international transport for the Eastern countries . "
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ene1980
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June 06, 2019, 07:51:52 PM |
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1. So it was Scandinavia and GDP The list goes on, if you are looking for greater economies, US and Russia are not the biggest economies in the world, you have to look at Scandinavian countries for that 2. After it was Scandinavia and "economic growth per capita", which btw, is not a real indicator, it's your invention. I am taking back that statement, what i meant was the economic growth per capita is better in Scandinavian countries than in US and Russia. I have taken back what i have said earlier simply because it was not what i meant initially as i was travelling when i wrote that and on reaching home i just checked back what i wrote and found my mistake and then i came to see your argument, fair on your part as that was my mistake initially. What did you want to prove? That the Scandinavian countries have a bigger impact on bitcoin that the United States? Are you serious??? I am sure you are not reading what i am writing and you still argue without any clue, can you pin point one word i say that other countries have bigger impact on bitcoin than United States. To make things clear to you whereas such big countries like Russia, US are doing nothing, except issuing the regulations and taking taxes for crypto using.
I was making a comment on this part, big countries like Russia and US, i did not understand the real meaning of this, big country in total area, economics, GDP, what did he meant by this and i was making a vague comment on that part. No offense, but when talking about simple English you can start using I , not i, that's one of the basics in English. No offense taken and once again, I am not trying to prove in this forum that i am the best in content writing or having the best vocabulary or having the best language. Vent your frustration about the United States somewhere else, but don't start with fake stuff about countries where some of us live and you have never set foot in.
Again yet another of your conspiracy theory like you mentioned earlier about the fake death of Gerald William Cotten. How you came to the conclusion that i am venting my frustration about United States, earlier you said you are from Europe and now claiming that you are in the United States, are you trying to tell that you will spend time daily in different parts of Europe and return back to US when it is time to sleep ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) . I am not an individual who has anything bad to say about United States and your idea of me having a personal frustration against a country which i travelled only as a tourist and had a great time and you think i am keyboard warrior like you trying to change the world ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) . All you have to prove is that you are a smart ass trying to prove everyone wrong, there is life outside of keyboard too. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
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costanos02
Jr. Member
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June 06, 2019, 08:12:52 PM |
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This is what the law inforcement should do, as cryptocurrency keeps on growing we can't deny the fact that the number of scammers also increases not just in india but also in other countries. India police really did a good job.
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