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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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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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Equate
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July 21, 2014, 10:43:17 AM |
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It sounds strange but may be they are considering First Bitcoin ATM in India or just to get some hype .
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krishatnet
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July 21, 2014, 05:21:32 PM |
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Good news for bitcoin users.
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We Support Currencies: BTC, LTC, USD, EUR, GBP
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polynesia
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July 21, 2014, 05:22:38 PM |
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It comes under the 'Monday Morning Trivia' category.
So it would be wrong to read too much into this tweet.
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RocketSingh
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July 21, 2014, 05:59:19 PM |
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It comes under the 'Monday Morning Trivia' category.
So it would be wrong to read too much into this tweet.
What is that ? |
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Muhammed Zakir
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July 21, 2014, 06:39:26 PM |
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Good news for Indian BTC users. Are they establishing it?
Kindly,
MZ
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RocketSingh
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July 21, 2014, 07:16:18 PM |
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Good news for Indian BTC users. Are they establishing it?
Kindly,
MZ
Not really... they tweeted a Vancouver Bitcoin ATM image. |
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polynesia
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July 22, 2014, 01:26:38 AM |
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It comes under the 'Monday Morning Trivia' category.
So it would be wrong to read too much into this tweet.
What is that ? Interesting titbits of information that they periodically provide. If you look at other tweets in this category. Wall Street, home of the New York Stock Exchange was named after a wall built by the Dutch colonists in 1653.
You can find an ATM in Antarctica!
Did you know? One of the first digital wallets or e-wallets was introduced way back in 1997!All this might be useful for quizzing enthusiasts, but does not indicate Axis Bank's business plans.  |
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rohnearner
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July 22, 2014, 12:06:51 PM |
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It comes under the 'Monday Morning Trivia' category.
So it would be wrong to read too much into this tweet.
What is that ? Just basic information shared to enhance readers knowledge on some particular subject , in this case that particular subject is Bitcoin ATM. But I don't think any bank would like to indulge as long as RBI doesn't clear its ambiguous stand on btc. Which I think is first piece of information every bitcoin supporter in India wants to know , if they provide any guidelines then we can think about the ecosystem developing in India. |
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BitCoinDream
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The revolution will be digital
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July 22, 2014, 09:40:06 PM
Last edit: July 23, 2014, 09:46:39 AM by BitCoinDream |
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With too much of enthusiasm, AXIS bank got spooked and has deleted the tweet. Probably they're now fearing an ED raide.  I wish, the guy in charge of this twitter account, does not lose his job !!!  |
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polynesia
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July 23, 2014, 01:23:58 AM |
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With too much of enthusiasm, AXIS bank got spooked and has deleted the tweet. Probably they're now fearing an ED raide. I wish, the in charge of this twitter account, does not lose his job !!! That is extremely strange!  I wonder why banks treat bitcoin as though it is some kind of plague. |
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highkart
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July 23, 2014, 05:20:22 AM |
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With too much of enthusiasm, AXIS bank got spooked and has deleted the tweet. Probably they're now fearing an ED raide. I wish, the in charge of this twitter account, does not lose his job !!! That is extremely strange! I wonder why banks treat bitcoin as though it is some kind of plague. Its because, bitcoin directly challenges their way of life (business) |
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Equate
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July 23, 2014, 01:44:17 PM |
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With too much of enthusiasm, AXIS bank got spooked and has deleted the tweet. Probably they're now fearing an ED raide. I wish, the in charge of this twitter account, does not lose his job !!! That is extremely strange! I wonder why banks treat bitcoin as though it is some kind of plague. Its because, bitcoin directly challenges their way of life (business) true , banks don't like like anything that affects their business and control over the money. |
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bangalore
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July 25, 2014, 05:03:05 AM |
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looks like that tweet is deleted |
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Equate
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July 25, 2014, 05:55:12 AM |
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looks like that tweet is deleted Yeah also checked the same and I am wondering why they deleted it . |
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Fernandez
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July 25, 2014, 11:02:31 AM |
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I think somebody just got excited a bit and thought it would be a good idea to get some attention.
I doubt any ATM is possible now. The rules are still murky, and the pace at things move here I am not expecting anything anytime soon.
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BitCoinDream
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The revolution will be digital
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July 25, 2014, 03:31:35 PM |
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looks like that tweet is deleted Yeah also checked the same and I am wondering why they deleted it . They posted it as a morning trivia, which had nothing to do with establishing Bitcoin ATM in India. But, given the undue attention they gained from that tweet, they got spooked and deleted... SIMPLE !!!  |
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cech4204a
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July 25, 2014, 03:36:51 PM |
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Maybe it was just about ATM itself, not much about their interest in getting into Bitcoins or allowing them in their world. I think all Tweets about bitcoin it self can be related only to the nature of Tweets - beeing heard somewhere in the world with a specific point, marketing.
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Bitcoin is DEAD
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Equate
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July 25, 2014, 07:20:51 PM |
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They posted it as a morning trivia, which had nothing to do with establishing Bitcoin ATM in India. But, given the undue attention they gained from that tweet, they got spooked and deleted... SIMPLE !!! I was also thinking the same and Bitcoin ATM is not possible in India unless RBI gives the green signal . |
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polynesia
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July 26, 2014, 01:39:15 AM |
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I was also thinking the same and Bitcoin ATM is not possible in India unless RBI gives the green signal .
Or there is clarity about the classification of Bitcoin. Think about it - you don't need a green signal from RBI for operating a cola vending machine. |
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delhi
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July 26, 2014, 05:38:24 AM |
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I was also thinking the same and Bitcoin ATM is not possible in India unless RBI gives the green signal .
Or there is clarity about the classification of Bitcoin. Think about it - you don't need a green signal from RBI for operating a cola vending machine. cola is not virtual currency  |
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polynesia
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July 26, 2014, 07:01:25 AM |
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I was also thinking the same and Bitcoin ATM is not possible in India unless RBI gives the green signal .
Or there is clarity about the classification of Bitcoin. Think about it - you don't need a green signal from RBI for operating a cola vending machine. cola is not virtual currency The jury is out on bitcoin classification. Is it a currency? Is it property? Or is it just a collectible? The government would need to clarify this. The rest would then follow. |
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Benson Samuel
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Landscaping Bitcoin for India!
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July 26, 2014, 08:55:25 AM |
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I was also thinking the same and Bitcoin ATM is not possible in India unless RBI gives the green signal .
Or there is clarity about the classification of Bitcoin. Think about it - you don't need a green signal from RBI for operating a cola vending machine. cola is not virtual currency That is correct. Cola is a physical currency |
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BitCoinDream
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The revolution will be digital
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July 26, 2014, 09:28:34 AM |
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I was also thinking the same and Bitcoin ATM is not possible in India unless RBI gives the green signal .
Or there is clarity about the classification of Bitcoin. Think about it - you don't need a green signal from RBI for operating a cola vending machine. cola is not virtual currency Cola is not available at ATMs. ATMs must follow RBI norms as it deals with bank accounts which comes under the govt norms. Cola vending machines are free to accept Bitcoin against Cola. Then the problem goes to the Cola company to reflect it in books. |
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Equate
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July 26, 2014, 02:07:48 PM |
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I was also thinking the same and Bitcoin ATM is not possible in India unless RBI gives the green signal .
Or there is clarity about the classification of Bitcoin. Think about it - you don't need a green signal from RBI for operating a cola vending machine. Cola is not related to tax evasion or illegal transactions lol. |
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bitcoinkerala (OP)
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https://btcjam.com/users/39914
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July 27, 2014, 02:47:43 AM |
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polynesia
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July 27, 2014, 11:53:15 AM |
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Equate
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July 27, 2014, 02:03:20 PM |
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there are tons of examples of tax evasion by the politicians and bureaucrats as well . |
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BitCoinDream
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The revolution will be digital
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July 27, 2014, 02:05:58 PM |
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there are tons of examples of tax evasion by the politicians and bureaucrats as well . If u start listing out FIAT scams Bitcoin will look miniscule. |
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Equate
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July 27, 2014, 03:23:37 PM |
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there are tons of examples of tax evasion by the politicians and bureaucrats as well . If u start listing out FIAT scams Bitcoin will look miniscule. Its not about scam per se but lack of control and decentralization that comes with BTC , which is not acceptable to powerful governments. |
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buysellbitcoin
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https://www.zebpay.com
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July 28, 2014, 06:31:50 AM |
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I was also thinking the same and Bitcoin ATM is not possible in India unless RBI gives the green signal .
Or there is clarity about the classification of Bitcoin. Think about it - you don't need a green signal from RBI for operating a cola vending machine. cola is not virtual currency Cola is not available at ATMs. ATMs must follow RBI norms as it deals with bank accounts which comes under the govt norms. Cola vending machines are free to accept Bitcoin against Cola. Then the problem goes to the Cola company to reflect it in books. No arguments, no points from my side... Just a link to share https://www.youtube.com/watch?v=zlA9tXYxD8gNow carry on guys. Regards |
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