I would encourage any coin that allows entry into Bitcoin.
Time will answer for whether the coin works or not.
Topic: And now, a desi digital currency in the offing-Laxmicoin - page 3. (Read 2698 times)
Hey when we have bitcoin, so why creating laxmicoin? Any particular reason for this and also will it only be limited to India or Internationally too it will be accepted?
Bitcoinisfurture, I'm glad you came up with this question. Bitcoin is not a future(probably) but virtual currency are for sure. "Why use one created by others, when you can create one?" must India think rather than going crazy for Bitcoin in greed. There are some fundamental flaws in Bitcoin which might lead to its failure one day. Plus, half of Bitcoins are with countries indulged in early stages(USA, Canada, EU, Russia and handsome with China) and if we(Indian's) demand Bitcoin that it would take its price to next level.We won't be able to get a hold on chunk of coins because of capital controls but only affect its price. We are not even capable of mining Bitcoin. If Indians indulge into mining full-fledged, then too we won't be able to get a hold on more than 4-5 Lakhs coin by 2140.
We must not create demand for branded gold (called Bitcoin) developed, market and stockpiled from developed countries when its easy to create our own gold? Laxmicoin is swadesi moment of virtual currency. Battle is going to be tough!
From utility point of view Bitcoin is same as Laxmicoin. If Indians support Laxmicoin then fore sure world will have to accept it as medium of exchange.
Yeah! They'll be force to accept, if we accept.
Whoa whoa ... your making it sound like -
..... sorry got to call a spade a spade .... your intentions don't seem (or atleast don't sound) right to be making Laxmicoin.
Hey when we have bitcoin, so why creating laxmicoin? Any particular reason for this and also will it only be limited to India or Internationally too it will be accepted?
Bitcoinisfurture, I'm glad you came up with this question. Bitcoin is not a future(probably) but virtual currency are for sure. "Why use one created by others, when you can create one?" must India think rather than going crazy for Bitcoin in greed. There are some fundamental flaws in Bitcoin which might lead to its failure one day. Plus, half of Bitcoins are with countries indulged in early stages(USA, Canada, EU, Russia and handsome with China) and if we(Indian's) demand Bitcoin that it would take its price to next level.We won't be able to get a hold on chunk of coins because of capital controls but only affect its price. We are not even capable of mining Bitcoin. If Indians indulge into mining full-fledged, then too we won't be able to get a hold on more than 4-5 Lakhs coin by 2140.
We must not create demand for branded gold (called Bitcoin) developed, market and stockpiled from developed countries when its easy to create our own gold? Laxmicoin is swadesi moment of virtual currency. Battle is going to be tough!
From utility point of view Bitcoin is same as Laxmicoin. If Indians support Laxmicoin then fore sure world will have to accept it as medium of exchange.
Yeah! They'll be force to accept, if we accept.
Hey when we have bitcoin, so why creating laxmicoin? Any particular reason for this and also will it only be limited to India or Internationally too it will be accepted?
We are again writing to RBI, Hope they reply this time
I am waiting for the release of this much awaited coin.
Karaagre Vasate Lakssmih Karamadhye Sarasvati,
Karamuule Tu Govindah Prabhaate Karadarshanam.
Karaagre Vasate Lakshmi
http://www.thehindu.com/business/Economy/and-now-a-desi-digital-currency-in-the-offing/article5460177.ece
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