Is India ready to bite the bitcoin bullet?
http://economictimes.indiatimes.com/small-biz/money/is-india-ready-to-bite-the-bitcoin-bullet/articleshow/57613165.cms
Reports of strife and difficulty faced by Indians during the recent currency devaluation may have reduced, but the tough times are far from over. That said, India is not unique to this strain. Globally, demonetisation drives have never been easy - despite planning, regulation and control. But what happens if an unregulated currency market comes crashing down? And can we prevent it?
Circa 2008. Enter Satoshi Nakamoto, the mysterious creator of an electronic currency transaction system (Bitcoin) without institutional intermediaries (like a central bank or market regulator) for reconciliation (the biggest challenge for any currency transaction system). His paper proposed a system based on a decentralised peer-to-peer network.
Topic: [2017-03-13] ET: Is India ready to bite the bitcoin bullet? (Read 312 times)
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