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Author Topic: Bitcoin Ban Means India Will Get More Corrupt Under Modi — Tim Draper  (Read 148 times)
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November 06, 2019, 05:53:24 PM
 #1

It's a recent article from CoinTelegraph! So without going to the details, I will just quote the exact statement of Tim. He said,

Quote
I thought it was a good move; he is getting rid of corruption and trying to create a corruption-free state, but by blocking Bitcoin, he is creating more corruption and I think that is very dangerous for the country,

Reference: https://cointelegraph.com/news/bitcoin-ban-means-india-will-get-more-corrupt-under-modi-tim-draper

Do you think on a similar line? Or is it other way around for you?

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November 06, 2019, 06:06:49 PM
 #2

A corrupt system will never accept an incorruptible ledger.

Cleaning India community since 2014.
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November 06, 2019, 09:56:11 PM
Merited by deadley (3), dbshck (2), teosanru (1), Clement Kaliyar (1), Heisenberg_Hunter (1), RapTarX (1)
 #3

Tell Modi that Bitcoin came out of a Cow. He will accept it. Or give lecture in some temple that Cow milk contains hashes of Blockchain data. People will drink that up like tea..
Sad thing.. our India may be free our mindset are not..

SHUT UP! MACHHER JHOL!
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November 06, 2019, 10:21:29 PM
 #4

Tell Modi that Bitcoin came out of a Cow. He will accept it. Or give lecture in some temple that Cow milk contains hashes of Blockchain data. People will drink that up like tea..
Sad thing.. our India may be free our mindset are not..
I could not stop laughing looking at this comment  Cheesy. The BJP government does love the cow very much but the difference is that they will not allow the people in India to eat but they will not have any problem exporting all those meat .

I do not know whether India will become more corrupt if they ban bitcoin, there are levels of corruption and it is at the highest level for decades and if the government bans it then people will still trade and they cannot do anything about it.

 
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November 07, 2019, 04:19:14 PM
 #5

Tell Modi that Bitcoin came out of a Cow. He will accept it. Or give lecture in some temple that Cow milk contains hashes of Blockchain data. People will drink that up like tea..
Sad thing.. our India may be free our mindset are not..

Lol! That's true mate! We are actually going back in time with this current government of India! They are more bothered about Ram Mandir than to bring the economy back on track! Recently a BJP leader said in a public meeting that, Cow milk contains gold! That became a new internet sensation now! Stupid leaders!

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November 07, 2019, 06:22:57 PM
 #6

Tell Modi that Bitcoin came out of a Cow. He will accept it. Or give lecture in some temple that Cow milk contains hashes of Blockchain data. People will drink that up like tea..
Sad thing.. our India may be free our mindset are not..
Or maybe tell them that how Bitcoin's original logo is not colored orange, it's "Bhagva Rang" which means Bitcoin too signifies Hindutva.  Grin Grin This game is really funny.



It's a recent article from CoinTelegraph! So without going to the details, I will just quote the exact statement of Tim. He said,

Quote
I thought it was a good move; he is getting rid of corruption and trying to create a corruption-free state, but by blocking Bitcoin, he is creating more corruption and I think that is very dangerous for the country,

Reference: https://cointelegraph.com/news/bitcoin-ban-means-india-will-get-more-corrupt-under-modi-tim-draper

Do you think on a similar line? Or is it other way around for you?
On the serious note, I don't think what Tim said is anywhere true and justified. He just made a statement and didn't even gave a reason behind it. Bitcoin atleast at this stage is anonymous which means we might be able to track the addresses from which the funds are moving but tracking the owner of these addresses is not possible. So how can ban on Bitcoin increase corruption?? I think all ban on bitcoin would do is reduce it's usage for normal people like us. Tech freaks, big businessmen, politicians & criminal would still continue to use cryptocurrencies to hide their deeds.

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November 07, 2019, 07:34:29 PM
 #7

Tell Modi that Bitcoin came out of a Cow. He will accept it. Or give lecture in some temple that Cow milk contains hashes of Blockchain data. People will drink that up like tea..
Sad thing.. our India may be free our mindset are not..

You deserve way more merit for this hilarious post.
Sadly I have none to give you. All I can give you is my agreement with your viewpoint. And welcome back to the forum.

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November 08, 2019, 03:32:22 PM
 #8

What I think is, if the Indian government bans bitcoin then the people will find an alternative method to use bitcoin which might corrupt India further.
So in a way, what Tim said might actually become true and yes it is possible that alternative methods will be found to continue using bitcoin in India if at all it is banned.



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November 10, 2019, 03:52:37 PM
 #9

What I think is, if the Indian government bans bitcoin then the people will find an alternative method to use bitcoin which might corrupt India further.
So in a way, what Tim said might actually become true and yes it is possible that alternative methods will be found to continue using bitcoin in India if at all it is banned.


Banking ban is still in force mate! So in a way, bitcoin or another crypto trading is banned in India! But does that mean, people have stopped using that? Not at all, p2p tradings are ongoing in full force and people are making good amount of profit from it. So alternative method is already there! In the meantime, Indian government is loosing on taxes and job opportunities big time!

No legality can stop bitcoin and its trading. If method A is banned, people will be using method B! There's always a contingency plan available in the world of blockchain!

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November 11, 2019, 03:30:07 PM
 #10

Tell Modi that Bitcoin came out of a Cow. He will accept it. Or give lecture in some temple that Cow milk contains hashes of Blockchain data. People will drink that up like tea..
Sad thing.. our India may be free our mindset are not..
Much funny, enjoy the member rank  Wink

Banking ban is still in force mate! So in a way, bitcoin or another crypto trading is banned in India! But does that mean, people have stopped using that? Not at all, p2p tradings are ongoing in full force and people are making good amount of profit from it. So alternative method is already there! In the meantime, Indian government is loosing on taxes and job opportunities big time!

No legality can stop bitcoin and its trading. If method A is banned, people will be using method B! There's always a contingency plan available in the world of blockchain!
I don't think it's anymore the same now, as it was. If you are not having co-operation from banks, it's very much tough to get p2p trading for bigger amounts of exchange. In fact, it's not possible in most of the cases. With Bank, we could have it more easier.
I'm not exchanging much though, looking towards the future- an India with a lot of Bitcoin ATM in all of its Region. All the shops accepting BTC with LN networks. Well, we will have it.

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November 12, 2019, 05:20:23 AM
 #11

Ignorance of government officials about the crypto currencies made cryptos were banned by banks,still they are not trying to figure out what are the benefits of allowing it,they just want to shut down then they say can we are corruption free country. Grin

Modi may not have time to analyse these things because he is busy with exploring the world. Roll Eyes

Maybe in the next election they will talk about this.Because Ayodhya issue has been resolved so playing it will no more possible.

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November 12, 2019, 09:19:36 AM
 #12

Ignorance of government officials about the crypto currencies made cryptos were banned by banks,still they are not trying to figure out what are the benefits of allowing it,they just want to shut down then they say can we are corruption free country. Grin

Modi may not have time to analyse these things because he is busy with exploring the world. Roll Eyes

Maybe in the next election they will talk about this.Because Ayodhya issue has been resolved so playing it will no more possible.


To educate the govt and the people of this country, we are putting across the first crypto focussed conference in India. It's going to take place in Bangalore from Jan 9-Jan 11, 2020 for the anniversary of bitcoin's genesis block.

Most events that happen in India are only blockchain based without the crypto aspect of it. This is creating a negative image for crypto.

Do register for the conference and shoot me up if you have any queries.

https://genesisblock2020.com
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November 12, 2019, 10:32:15 AM
 #13

I am glad seeing all the response that when it comes to the orange fools everyone feels the same  Cheesy.
The government can blind the Indian fans who listen to what he says but the world media is releasing all the corruption news of the 7.8 billion Euro to purchase 36 Rafale fighter planes from France and the recent  $2 billion bank fraud by the state owned Punjab National Bank.

You can read the article from forbes corruption is still thriving in modis india

Considering all this i wont be surprised if they ban a transparent economy like bitcoin.

 
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