Bitcoin In India Under attack :- global community please help - page 2.

subvolatil

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Cypherpunk and full-time CryptoAnarchist

Quote from: bryant.coleman on December 29, 2013, 11:19:09 AM

Quote from: subvolatil on December 28, 2013, 10:14:16 PM

http://timesofindia.indiatimes.com/city/ahmedabad/Bitcoin-may-be-used-by-hawala-traders-Officials/articleshow/28067184.cms

Looks like The government is starting to demonize bitcoin users.

The bureaucrats in india is like the Vogons. regulation will take about another year and they will try to get people the bribe them for favorable licensing and deny licence to any one that goes through the proper channel .
They are looking at this as a centralized currency base and must be looking for satoshi to arrest. lol

Know what? The ruling party in India recently hiked the gold import duty to 10%, just to encourage smuggling.

Most of the gold smuggling in India is done by a particular community, which is very close to the ruling party. And most of the gold is sourced from the GCC nations, such as UAE and Oman.

The same government now blames Bitcoin users of hawala transactions... lol.. how funny?

Now they have started calling us gangs

http://www.thehindu.com/business/Economy/bitcoin-gang-gets-67-new-ecurriences-value-grows-to-13-bn/article5515128.ece

I am starting to re-think why i would want to stay in such an ignorant country.

bryant.coleman

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Quote from: subvolatil on December 28, 2013, 10:14:16 PM

http://timesofindia.indiatimes.com/city/ahmedabad/Bitcoin-may-be-used-by-hawala-traders-Officials/articleshow/28067184.cms

Looks like The government is starting to demonize bitcoin users.

The bureaucrats in india is like the Vogons. regulation will take about another year and they will try to get people the bribe them for favorable licensing and deny licence to any one that goes through the proper channel .
They are looking at this as a centralized currency base and must be looking for satoshi to arrest. lol

Know what? The ruling party in India recently hiked the gold import duty to 10%, just to encourage smuggling.

Most of the gold smuggling in India is done by a particular community, which is very close to the ruling party. And most of the gold is sourced from the GCC nations, such as UAE and Oman.

The same government now blames Bitcoin users of hawala transactions... lol.. how funny?

luqash3

newbie

Activity: 42

Merit: 0

subvolatil thanks for showing your interest in bitcoin and even persuading others to stand with you to protect bitcoin. These days bitcoins are being attacked by various countries but believe me bitcoin is strong enough to combat all these challenges. Yes I shall be there to help in bitcoin safeguarding.

justusranvier

legendary

Activity: 1400

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Still as true today as when I first said it last October: https://bitcointalksearch.org/topic/m.3955248

Honeypot

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Don't bitch and put up attitudes against other people, punjab. Keep your mouth to yourself.

Maybe then others would like to help.

subvolatil

hero member

Activity: 546

Merit: 501

Cypherpunk and full-time CryptoAnarchist

Looks like owning bitcoin is going to be illegal in india.

marcus_of_augustus

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Eadem mutata resurgo

Quote from: subvolatil on December 28, 2013, 10:14:16 PM

http://timesofindia.indiatimes.com/city/ahmedabad/Bitcoin-may-be-used-by-hawala-traders-Officials/articleshow/28067184.cms

Looks like The government is starting to demonize bitcoin users.

The bureaucrats in india is like the Vogons. regulation will take about another year and they will try to get people the bribe them for favorable licensing and deny licence to any one that goes through the proper channel .
They are looking at this as a centralized currency base and must be looking for satoshi to arrest. lol

... sounds like the typical cheap propaganda from a third world junta ...

Quote

Money exchanged through bitcoins can be used for hawala transactions and, in some cases, to fund terror operations.

age old 'terror' invocation, act scared now

Quote

... were recovered during the raid on the office of buysellbitco.in. The racket was being run by a software professional ...

slurs on the accused before anywhere near a court

Quote

This first-ever raid on bitcoin traders which began on

more slurring and aggrandisment of state actions (why a 'raid', not a visit to the offices?)

Quote

The creation, trading or use of virtual currencies (VCs), including bitcoins, for payments is not authorised by any central bank or monetary authority.

FUD spreading ... breathing and drinking water is not authorised either, doesn't stop people doing it every day ...

subvolatil

hero member

Activity: 546

Merit: 501

Cypherpunk and full-time CryptoAnarchist

http://timesofindia.indiatimes.com/city/ahmedabad/Bitcoin-may-be-used-by-hawala-traders-Officials/articleshow/28067184.cms

Looks like The government is starting to demonize bitcoin users.

The bureaucrats in india is like the Vogons. regulation will take about another year and they will try to get people the bribe them for favorable licensing and deny licence to any one that goes through the proper channel .
They are looking at this as a centralized currency base and must be looking for satoshi to arrest. lol

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

Quote

They just need to form some kind of Foundation in India, donate money, and believe; and everything will be fine.

Wait ... what's that I hear, the distant sound of a crowd holding hands and singing kumbyaa?

justusranvier

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Activity: 1400

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Quote from: marcus_of_augustus on December 28, 2013, 02:18:58 PM

yes, this is just what India needs to succeed, more laws, regulations, rule books, bureaucrats and officials to oversee the new officiating regime.

Whole new armies of bitcoin bureaucrats in white shirts ... let's just accept the place is truly fecked up and move on ... they couldn't organise their way out of a paper bag.

I don't know what you're talking about. I think all that needs to happen is for the honest Bitcoin businesses to pay for some lobbyists and open a dialog with regulators, so those regulators understand that Bitcoin isn't a threat.

As long as they act in good faith to obey the rules then everything will be fine, because regulators are reasonable and fair people and regulations really are there for our protection, not to just to be arbitrary or vindictive or to benefit some parts of society at the expense of others.

They just need to form some kind of Foundation in India, donate money, and believe; and everything will be fine.

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

yes, this is just what India needs to succeed, more laws, regulations, rule books, bureaucrats and officials to oversee the new officiating regime.

Whole new armies of bitcoin bureaucrats in white shirts ... let's just accept the place is truly fecked up and move on ... they couldn't organise their way out of a paper bag.

what bitcoin needs in india is just what it will get ... millions of little bitcoin ninja-warrior guys in hot, smelly little shops doing black deals behind curtains in backrooms ... that's how it will thrive.

Bitcoin Anthem India GOING UNDERGROUND! ... sing along boys!

(btw it's the use case test we've all been waiting for)

undeadbitcoiner

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Undeadbitcoiner Will not DIE until 1BTC=50K

Quote from: Kaiji on December 28, 2013, 09:25:25 AM

1. Don't call them exchanges. Call them bitcoin stores or something that way you don't attract attention. This might stop them if they are just confused about bitcoins and are not actively cracking down on it.

2. Trying to explain to them why they are wrong might backfire. From personal experience some people in authority who are on a power trip will FLIP out if you show them they are wrong and ignorant about something for e.g. bitcoins.

3. Go to a lawyer who is familiar with finance and get some advice.

4. Go to the press and see if they can make it look like India might be left behind in the cryptocurrency market especially since India is a tech hub. This might shame them a bit.

1: There is problem calling Bitcoin Stores coz Bitcoin is not a physical things we can take and give

Most Important in Indian Market is to Unite all the exchangers and bitcoin related business and reach upto Government and
1: Teach them what Bitcoin Actually is
2: They must know what will be negative impact in India if they will tightned there Hand
3: They must understand how they could track transaction (Recently they are afraid in ML case so AML surity will positive)
4: Bitcoin Business must be Registered
Bitcoin must have a different kind of law which help Government to collect taxes and even to Bitcoiners to work fluently.
I hope Indian BTC exchanges and all the Bitcoin related business Holders may proceed to it.
Good Luck

Kaiji

full member

Activity: 140

Merit: 100

Hoist the Colours

1. Don't call them exchanges. Call them bitcoin stores or something that way you don't attract attention. This might stop them if they are just confused about bitcoins and are not actively cracking down on it.

2. Trying to explain to them why they are wrong might backfire. From personal experience some people in authority who are on a power trip will FLIP out if you show them they are wrong and ignorant about something for e.g. bitcoins.

3. Go to a lawyer who is familiar with finance and get some advice.

4. Go to the press and see if they can make it look like India might be left behind in the cryptocurrency market especially since India is a tech hub. This might shame them a bit.

bryant.coleman

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Activity: 3766

Merit: 1217

Quote from: QuestionAuthority on December 27, 2013, 11:55:54 AM

You do know where Gandhi is from and what they did to him, don't you?

First make clear which Gandhi you are referring to. There are two Gandhi families.

1. The original: That of Mohandas Karamchand Gandhi. Died in 1948, his descendants are not active in politics.

2. The fakes: The current ruling dynasty in India. Originally, this was the Nehru family. However the new name was discovered after Indira Nehru married Feroze Khan in 1942. Both adopted the surname Gandhi. This family is currently ruling India.

nodroids

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Quote from: franky1 on December 28, 2013, 02:17:15 AM

its the same thing as EVERY country. if your going to touch FIAT (be an exchange) you need to get regulated

Quote

No regulatory approvals, registration or authorisation is stated to have been obtained by the entities concerned for carrying on such activities. As such, they may pose several risks to their users, including the following:

so if you want to operate a exchange in india GET A LICENCE.

again ill repeat
so if you want to operate a exchange in india GET A LICENCE.

Exchanges who have been working on getting licensed for years now, still have no license. They are doing everything right, as if they are complying under a license and are in regular communication with the authorities who tell them they don't need a license (essentially "f&ck off, details to follow... oh and isn't it cute that you think the law matters when it comes to protecting the banking cartel").
My exchange in Canada - Cavirtex is doing everything right, leading the way on getting everyone using the same good lawyer to correspond with the state... Still we are in a-legal limbo.
If you are calling everyone blind for not seeing that we need to be legalized, as if that's a really simple thing, and not the whole crux of the matter, then I politely suggest you reconsider the middle men that Bitcoin disrupts - the banks. If you think the banks just roll over and let them be turned into middle-men in the dust bin of the march of technological history, well then...? Who is really the one missing the point in this instance?

BittBurger

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Activity: 924

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My suggestions to the Original Poster:

Get people in your IRC channel and on social networks to organize an in-person, real life protest. Make sure the press is there to film it, and do plenty of YouTube uploading with your cell phones. Make this a human rights issue, because it is. People just don't realize it yet. Freedom to control our own money. Seems like a basic freedom when you put it that way, doesn't it?

Decentralized networks evolve. Come up with some way to continue providing the services without having a central point of weakness. Anything with a centralized resource can be stopped. Decentralized, multi-location setups can't be stopped. Think about the evolution from Napster to Bit Torrent. Each evolution occurred because the previous one was squashed. Now it is virtually impossible to stop it. Someone needs to get creative and find a way to host a decentralized exchange.

Quote

so if you want to operate a exchange in india GET A LICENCE.

Its cute that you think its like going to the DMV and getting a little laminated card.
Pretty sure the licensing process in India is such that anyone attempting to get a license for this will be denied.
I highly doubt this is an issue of a bunch of monumental idiots who just "didnt think of it" ...

-Burger-

BurtW

legendary

Activity: 2646

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All paid signature campaigns should be banned.

PSA:

FUD is always more fun than facts. Don't rain on a FUD parade with facts. You should know this by now.

Carry on...

franky1

legendary

Activity: 4424

Merit: 4794

why oh why do you guys manipulate the written word and try to exadurate what its all about.

its the same thing as EVERY country. if your going to touch FIAT (be an exchange) you need to get regulated

Quote

No regulatory approvals, registration or authorisation is stated to have been obtained by the entities concerned for carrying on such activities. As such, they may pose several risks to their users, including the following:

the governments of all countries do not want to risk large sums of FIAT being syphoned through basement dwelling teenagers who dont care about security, protection ETC.

so if you want to operate a exchange in india GET A LICENCE.

i cannot believe after 35 replies on this topic, that no one else has read the full articles and offered this proper advice.
but instead used it purely as a anti-government rant

again ill repeat
so if you want to operate a exchange in india GET A LICENCE.

peer2peer360

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Activity: 561

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Institute of Advance Blockchain Research

they may stop the individuals in india from participating in bitcoin transactions
but they the authorities can't shutdown bitcoin

cryptocurrencies will persist against any resistances
& will ultimate win in the long run.

it may be up to us to educate those around us more about
the benefits of cryptocurrencies. (redistribution of wealth to the people)

it's been time for people to rise & take back their freedom of choice

may 2014 be a prosperous year for you

best regards
peer2peer360

nodroids

newbie

Activity: 42

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I suggest we arrange for planes to fly with banners over Mumbai, Chennai, and Delhi. The banner should read, "We free ppl of the world choose gold and Bitcoin!" or maybe "RBI attacks gold & Bitcoin. Next, we win!". Who is in India who can take our donations and make this happen?

Topic: Bitcoin In India Under attack :- global community please help - page 2. (Read 6905 times)